Mon, November 4

Mark Cuban Requests for DeFi Regulation

Mark Cuban invested in TITAN which crashed to near zero.  He asks for DeFi and stablecoin regulation. Other Twitter users commented that “one should be careful when investing”. TITAN is owned by Iron Finance, it began bridging to Polygon’s chain on May 18 to benefit from Polygon’s performance and low

June 18, 2021 2 mins read

SynFutures Raises $14M to Create Next Generation Decentralised Derivatives Exchange

SynFutures has raised a series A funding round of $14 million led by Polychain Capital. The money would be used to develop the firm’s flagship derivatives exchange which is set to launch soon.  The funding round was joined by many high profile cryptocurrency and blockchain investors. Like Pantera Capital, Wintermute

June 18, 2021 1 min read

BitDao Raises a $230 Million Funding Round Led by Peter Thiel

DAO’s are the thing nowadays, with many DAOs raising millions of dollars in funding. BitDAO announced today that the firm has raised a $230 million funding. Founder’s Fund, backed by Peter Thiel was one one of the investing companies. Early backers such as Pantera Capital and Dragonfly Capital also reinvested

June 18, 2021 1 min read

Iron Titanium Token Drops to Near Zero

TITAN drops to near zero from Wednesday’s high. Whales started to sell TITAN tokens which flooded in excess coins in the market. As TITAN began to fall precipitously, so did the pegged value of IRON. The Iron Titanium token (TITAN), the share token of once-multibillion-dollar decentralized finance (DeFi) protocol, has

June 17, 2021 2 mins read

The First AI Yield Aggregator on BSC

A DeFi platform states that it provides its first AI yield farming aggregator which is “KingDefi” to interact with users also referred to as Knights, to work on Binance Smart Chain and Solana. Aggregators carry together multiple protocols and present them in a unified manner for easier use. Aggregation, when

June 15, 2021 2 mins read

Crypto Lark Says He Prefers Bitcoin’s Current Price Levels

Lark Davis, a prominent crypto enthusiast and Youtuber, tweeted today about how he prefers the current price of bitcoin. Currently bitcoin is yo-yoing between $30-40k in price which Lark prefers. However, he added that an increased price would make other investors happy so he isn’t averse to the idea.  From

June 15, 2021 2 mins read

ETH Got Locked in Smart Contracts

Ethereum is now locked in the smart contract, which is nearly 25% of the Ethereum in supply at present. This amount of ethereum is similarly equal to the DAO event. Anthony Sassano, ETHhub founder, and industry observer has posted a tweet stating that the amount of ETH is similar to

June 14, 2021 2 mins read

DeFi Is Going To Redefine Traditional Finance as We Know It

Ever since the birth of crypto the financial world as we know it has been on the verge of extinction, and the last nail in the coffin might be the mass adoption of DeFi.  DeFi as a concept has been around for a while. As soon as the technology matured

June 13, 2021 2 mins read

The Next Big Trend in Crypto is Social Apps

The discussion about Web 3.0 is still ongoing on centralized Web 2.0 sites. Crypto-based social apps are the way forward. The rapid 30% drop in the cryptocurrency market last week. Moreover, the subsequent rapid rebound made many people wonder what will happen next. Crypto circles aside, the discussion about the

June 10, 2021 3 mins read

CFTC Commissioner Thinks “DeFi Derivatives Are Bad Idea”

Unlicensed DeFi is not only a bad idea but illegal too, says Berkovitz. Any platform that trades or processes swaps be registered as DCM or SEF. Allowing unregulated derivatives will compete with fully regulated entities. Dan M. Berkovitz, Commissioner of the Commodity Futures Trading Commission (CFTC), thinks that DeFi derivatives

June 9, 2021 2 mins read