Tue, November 26

21Shares Launches Bitcoin Wrapper on Ethereum Introducing 21BTC

21Shares has officially launched 21BTC, a new Bitcoin wrapper on the Ethereum network. This product allows users to access Bitcoin’s value while utilizing the diverse functionalities of Ethereum’s decentralized finance (DeFi) ecosystem. By introducing 21BTC, 21Shares aims to bridge the gap between the two most dominant cryptocurrencies, offering a unique

September 4, 2024 2 mins read

1inch Network Dives Deep Into DeFi with $1M Token Purchase

1inch Network is making significant steps in decentralized finance (DeFi) as a leading decentralized exchange (DEX) aggregator. The 1inch team recently spent $1.75M to purchase 7.96M 1inch tokens at $0.22 each. The team has invested around $5.49M since July 5, purchasing 22.4M tokens at an average price of $0.25 each.

September 4, 2024 2 mins read

Concerns Over Custody Spark Renewed Interest in wBTC Alternatives

The Bitcoin-based DeFi industry is heading for a shakeup following news that BitGo, creator of the “Wrapped Bitcoin” or wBTC token that’s used to represent BTC on the Ethereum blockchain, is working with new custodians in Hong Kong and Singapore.  As experienced DeFi stalwarts will know, wBTC provides users with

September 3, 2024 6 mins read

Defi Protocols Fee Accumulation Drops to Lowest Since February

In August, the DeFi protocols fee accumulation dropped 24% from July. DeFi protocol’s total amount of fee, excluding the base layers is $288 million. This has recorded the lowest since February. In February, the total was $265.18 million. Uniswap led the list with protocol fees of over $85.44 million. August’s

September 2, 2024 1 min read

BounceBit CeDeFi V2 to Launch in September

BounceBit (BB), a Bitcoin restaking chain project, will release its BounceBit V2 in September 2024. The company announced this update on X, highlighting a significant overhaul to its centralized decentralized finance (CeDeFi) platform and BounceClub. The focus will be on improving the user experience and adding new tools for smart

August 30, 2024 1 min read

Radix to Slash Workforce by 15% Amid Company Refocus

Radix, a decentralized finance platform is removing 15 percent of their staff from the company. Piers Ridyard, the CEO of RDX Works (Radix) has updated this to all the members of his Telegram channel. These layoffs are said to be a broader set of necessary adjustments. He says that this

August 29, 2024 2 mins read

SEAL Team Emerges as Elite Defenders in the Crypto Space

An elite group of ethical hackers has formed a “SEAL” team dedicated to aiding defenses in the crypto space. Since its inception in August 2023, the Security Alliance team, led by renowned white hat hacker and Paradigm researcher Samczsun, has completed over 900 hack-related investigations. The SEAL team’s efforts are

August 27, 2024 2 mins read

Arbitrum DAO Approves ARB Staking and Governance Proposal with 91% Vote

With the goal of increasing the ARB token’s usefulness and fortifying governance security, the Arbitrum DAO has green-lit a temperature check proposal. After more than 25,000 participants gave the proposal their unanimous 91% approval, on Aug. 15 the onchain voting came to a close. At its heart, the proposal is

August 16, 2024 2 mins read

DEF Settles Patent Disputes Securing Oracle Tech Involving DeFi

The DeFi Education Fund (DEF) recently settled with True Return Systems LLC (TRS) involving a patent dispute for Decentralized Finance (DeFi) protocols. On Monday, DEF announced that it had purchased a patent from TRS, resolving ongoing lawsuits against MakerDAO and Compound Protocol. The patent, U.S. Patent No. 10,025,797, covers “oracle-like”

August 13, 2024 2 mins read

Aave Secures $6M Revenue During Ongoing Crypto Market Sell-Off

On August 5, the decentralized finance (DeFi) protocol Aave showed notable strength amid a severe crypto market plunge. Aave generated $6 million in revenue from decentralized finance liquidations. This spike in revenue is a response to economic events, like the interest rate hike by the Bank of Japan and the

August 6, 2024 2 mins read