The crypto market has sustained its positive momentum as the sector surges with activity. Bitcoin has hit $67,000, mirroring the US spot Bitcoin ETFs, which have shown significant inflows. Meanwhile, All in Bits, the builder of the Cosmos ecosystem, announced a major security alert a few hours ago. According to
On Wednesday, the U.S. Securities and Exchange Commission (SEC) announced a settlement with Rari Capital, a decentralized finance (DeFi) protocol, along with its co-founders, over allegations of “misleading investors and engaging in unregistered brokerage activities.” In a recent announcement, the SEC stated that Rari Capital’s Earn and Fuse pools operated
Cryptocurrency’s active community has combated several scams since the very beginning. However, in the recent 9-month duration of 2024, a surge in crypto scams has been observed. The surge has occurred both in terms of the amount of funds lost and in the magnitude of the hacks. Recently, DeltaPrime DeFi
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
The past few months saw the launch of several new blockchain projects within the sector. Amid a spur of activity, Ethereum L2 witnessed the launch of its safety protocol ZKX. The protocol drew market attention during its funding stages with investments from prominent community members. However, recently the protocol announced
The cryptocurrency market is exhibiting a spur of movement in the last few days. Amid several transactions seeking the spotlight, the Uniswap team showed notable activity seven hours ago. A wallet linked to the defi protocol deposited UNI tokens onto the Coinbase exchange as the token’s price began showing upward
In a fascinating turn of events, Solana’s blockchain platform, famed for its speedy transaction confirmations and cost-effectiveness, has been witnessing a shift in its ecosystem. 1/ @Solana, known for its low transaction costs and quick confirmation times, has found its strength in consumer products with lower-value transactions.@0xallyzach dives into some
The Polkadot network’s Acala suite of flexible financial products. Astar Network uses cross-consensus messaging (XCM). Acala, the leading DeFi network, and Polkadot’s innovation hub Astar Network are collaborating to boost DeFi on Polkadot. Effect of this collaboration, the top two parachains introduced The “Astar x Acala DeFi Rising” program to
Ledger Live has received more than $50 million in gross deposits. Alkemi Network is connecting CeFi and DeFi to create an institution-grade liquidity network. Alkemi Earn joined hands with Ledger Live to make it the first DeFi lending and borrowing app available directly to Ledger users. Ledger is the world’s
Decentralized Finance (DeFi) has grown to be a crown jewel of the crypto ecosystem, with over $203 billion locked in various protocols as of writing. While there are many DeFi projects that currently exist, some have a more valuable proposition than others. In this article, we introduce Parallel Finance, a
