One of the original creators of DeFi is aiming to fix one of the industry’s most pressing problems. When Bancor launched the first-ever DeFi liquidity pool in 2017, the project’s founders saw a tragic flaw in their invention: That when a token rises in price, investors are prone to lose
Singapore, Singapore, 19th November, 2021, DoraHacks, a decentralized global developer community and open-source incentive platform, has secured $8 million in strategic investment from Binance Labs, the venture capital arm and innovation incubator of Binance. DoraHacks is a global hackathon organizer and one of the world’s most active Web3 developer communities.
Today, Panther Protocol has announced that it’s partnership Flare , will be expanded into Flare’s Canary network, Songbird. Flare is the world’s first Turing-complete FBA (Federated Byzantine Agreement) network, and Panther is building the interoperable privacy layer DeFi and Web3, aiming to make privacy a standard, not an afterthought. Flare
Popular social trading and cryptocurrency platform Bingbon has completed a revamp of its entire corporate structure while taking on a new name – BingX. The adoption of the new trademark follows a period of significant growth for the exchange, which has in recent years built a reputation as one of
It was a gamble on the growth of the NFT industry, Trenchev said. Many purchasers are cryptocurrency millionaires. Sotheby’s sold $65 million in NFTs in 2021, while Christie’s sold over $100 million. NFTs utilize the blockchain to track who owns digital assets like photographs and films. Moreover, which may be
Particle B wants to help and strengthen the security of Cronos mainnet beta. Cronos is the first DeFi, NFT, and Metaverse EVM chain. Particle B, a startup built on a blockchain, has announced a collaboration with Bison Trails, a leading blockchain infrastructure platform-as-a-service provider, in the testnet and mainnet beta
The bears seem to have taken the week off. The data confirms a daily total of $157.16 million in liquidations. The Ethereum (ETH) price crashed Monday with the rest of the crypto market. Many liquidations throughout the space experienced price stress. The brutal sell-off on Monday sparked short volatility in
Shiba Inu is bullish after breaking above a diagonal barrier. The bulls tried to push SHIB over the weekly mid-price. In the final week of October 2021, the Shiba Inu hit a peak of $0.00008845. Shiba coin has also grown by nearly 69% in recent months. SHIB has traded in
This initiative allows Nexo to buy back its native NEXO Tokens. Nexo has already completed its second token buyback campaign. Nexo is a renowned global regulated digital asset institution. With top-tier custodial insurance and military-grade security, the Nexo Wallet’s purpose is to increase the value and usefulness of cryptocurrencies. This
The much-anticipated crowd loans are a buzz. Acala has already amassed $489 million in TVL. Polkadot has been in the top 10 coins internationally. Solid advancements back the protocol, which has proven vital in the network’s expansion. Parachains have evolved with the Polkadot ecosystem. The parachains are deeply rooted in
