In order to provide DeFi liquidity to the Bitcoin ecosystem, Bitcoin liquidity protocol Velar has announced the introduction of Dharma, an Automated Market Maker (AMM). Dharma, which is scheduled to launch on Bitcoin L2 Stacks on March 19, will increase the network’s DeFi capabilities. Token pairings may now be completely traded onchain
Decentralized autonomous organizations (DAOs) now have a legal framework thanks to a measure signed into law by Wyoming Governor Mark Gordon. Furthermore, the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology of the legislature supported the law, which establishes a formal framework for decentralized unincorporated non-profit organizations (DUNAs)
On March 9, the total value locked in DeFi protocols surpassed $100 billion, thanks to the demand for Bitcoin which is boosting the mood surrounding the crypto sector. Data from DefiLlama shows that decentralized financial protocols have a total value locked (TVL) of $100.1 billion, with a volume of over
Cryptocurrency market has experienced numerous bull runs throughout its history, but none have been as anticipated as the one expected to occur in the near future. With Bitcoin breaking all-time highs and investor interest reaching unprecedented levels, the stage is set for a monumental bull market. Let us explore three
In the ever-evolving world of cryptocurrency, a new player has emerged that is setting the stage for a revolution in the decentralized finance (DeFi) sector. Retik Finance (RETIK) has not just captured the attention of investors and analysts but has also completed its presale stage two months earlier than expected, demonstrating
Grayscale Investments, an asset management business, has launched a new staking fund in addition to its spot Bitcoin ETF. The Grayscale Dynamic Income Fund (GDIF) is a recently established cryptocurrency staking fund that was detailed in a post on twitter. An announcement from Grayscale states that this is their first
An approval process issue in the Stablecoin protocol Seneca’s smart contract allowed an exploiter to access around $6.4 million in digital assets. Seneca has offered a 20% bounty to the person or people responsible for this exploit. The stablecoin protocol vulnerability was reported by many blockchain security organizations on February
The price of Mantle token (MNT) reached a new all-time high (ATH) of $0.9493 on Monday, February 26th, marking a 20% increase. This surge coincides with the heightened activity observed on Layer-2 DeFi platforms on the Ethereum blockchain network in recent days. Ethereum’s impending Dencun upgrade, promising enhanced network security
Maven11 Capital, a crypto venture capital firm, has reported impressive returns of 54%, worth $1.43 million, by investing in DeFi tokens. These returns are particularly from UNI, the native token of Uniswap. The firm capitalized on the DeFi token surge, which was driven by the growing attention to the DeFi
On Friday, February 23, Uniswap’s native token UNI saw a significant surge in value. The decentralized exchange’s decision to alter the fee system in favor of UNI token staking is the primary reason for the 75% price increase in Uniswap. However, at the time of writing, the price faced a
