Sun, December 22

Master Venture Launched $30M Funds to Support Polkadot Projects

To support Polkadot projects Master Venture Launched $30 M A public pre-production environment for Polkadot known as Kusama. The parachain slots will be deal off to the projects with the highest offers. Asia-based private venture capital firm Master Ventures has announced on Wednesday, it has launched a $30 million venture

June 4, 2021 2 mins read

Convex Finance Breaks the Trend and Surges in TVL

Convex Finance surpasses one billion dollars in TVL. Convex is intended to serve as an optimizer for the Curve protocol. Observers say that Yearn and Convex compete with each other. Convex Finance has risen to $1.14 billion and entered the top 20 by size. According to DeFiLlama, this Ethereum-based finance

June 2, 2021 2 mins read

RBI Splashes on Banks for Restricting Crypto Trades

Some banks in India warn customers with RBI notice. RBI clears up the commotion with the further announcement. RBI states that they didn’t ask banks to stop the services of exchanges. Leading banks in India have restricted virtual cryptocurrency services with the statement of RBI given on April 06, 2018.

June 2, 2021 2 mins read

Belt Finance Loses $50M in Flash Loan Exploit

Belt Finance hacked on Saturday in a flash loan. With a loss of 21.36% of the fund, the BeltBUSD vault users suffered. Belt’s vaults operate with a target balance for each strategy employed. Belt Finance was hacked on Saturday in a flash loan, resulting in an overall loss of $50

June 1, 2021 2 mins read

Hydra Layer Scales Cardano (ADA) To Reach 2 Million TPS

Input Output Global announced, Cardano can handle up to 2 Million TPS. Ouroboros Hydra serves as the second layer for Cardano Network. Hydra is Cardano’s Scalability Solution. Cardano network is a decentralized blockchain platform that brings new standards in technology through globally distributed innovations. As the world is encouraging blockchain

May 29, 2021 2 mins read

Crypto Firms Struggles To Meet AML Standards in UK

Problems in the process of registering crypto firms. 77 new crypto firms submitted applications that are yet to review. FCA established a “Temporary Registration Regime”. Crypto firms are struggling to meet the Financial Conduct Authority’s anti-money laundering standards in the United Kingdom. The FCA had only registered five crypto businesses

May 28, 2021 2 mins read

Bank of Korea Launches Pilot Program

Bank of Korea Launches Pilot Program for its CBDC. A total of $4.4 million allocated for the trial. Deciding about an offer for the pilot program is expected from Samsung. The Bank of Korea launches a Pilot program for its central bank digital currency (CBDC). But issuing it is a

May 26, 2021 2 mins read

Is Binance Smart Chain Safe? Two Flash Loan Exploit in a Week

BSC’s DeFi experienced a flash loan exploit for the second time in a week. A new attack drained $3 million from DeFi platform Bogged Finance. PancakeBunny suffered following a $200M major exploit. Binance Smart Chain decentralized finance ecosystem experienced a flash loan exploit for the second time in a week

May 24, 2021 2 mins read

Professional Basketball Team Steps Into Crypto Market

Brooklyn Nets will allow their fans to buy tickets using digital assets in future. The CEO of Brooklyn Nets has not disclosed the name of crypto exchange. Several sports teams are embracing crypto space. The NBA’s Brooklyn Nets, a professional basketball team, makes its big step into the crypto market

May 22, 2021 2 mins read

Bragg Affirms Australia To Introduce Better Crypto Regulations

Bragg affirms Australia to develop comprehensive crypto regulations. Andrew Bragg appeared on the news channel, Sky News Bragg said everything is open to market manipulation. Andrew Bragg, an Australian senator affirms regulators to develop clear and comprehensive crypto regulations, to encourage crypto innovation and ensure global competitiveness Australia must introduce

May 21, 2021 2 mins read