PureStake received $6 million in funding. Funding raised for the Moonbeam development. PureStake’s funding round was led by CoinFund. PureStake, a Blockchain startup has received $6 million in funding for the development of Moonbeam. Moonbeam is an Ethereum-based smart contract parachain developed on Polkadot. However, the firm mirrors the Ethereum
Decentralized Finance (DeFi) has become an explosive topic in crypto’s realms, with the sector realizing immense growth in recent years. Currently, there are over $20 billion in digital assets that have been locked across various DeFi protocols. The platforms offer excellent investment opportunities for digital currency enthusiasts. Allowing them to
-DeFi building block service Furucombo exploited for $14M.-The attacker tricked the protocol into thinking that their contract was Aave V2.-Instead of draining funds, the attacker instead transfers the funds. Furucombo is a drag and drop tool that is used to create DeFi transactions that have been exploited. In addition, the
-Yearn.Finance prepared for a surge to over $60,000 before BTC.-In 2020, YFI traded higher than Bitcoin. -YFI will reach an eye-watering $200,000 per coin. After weeks of aggressive selling, Yearn.Finance (YFI) prepared for a move to $60,000 before Bitcoin. In early 2020 Andre Cronje launched YFI. Moreover, YFI is an Ethereum-based
-PundiX (NPXS) price spiked over 100%.-As the project gets ready for a testnet launch, staking and likely for DeFi integration.-NPXS shows a bullish trend. PundiX (NPXS) price spiked over 100% since February 6. As the project gets ready for a testnet launch, staking and likely for DeFi integration. Pundi X
-Some DeFi coins and non-DeFi coins showed a huge 1,000% spike over the last three months.-Many crypto investors have been waiting for the altseason to occur.-Even more, almost all the coins started to stagnate. Will this be the end of the alt season? After a record-breaking start to the year
-DeFi protocol Alpha Homora loses $37 million in Iron Bank exploit.-However, the Protocol had been monitored by Quantstamp and Peckshield.-It’s unclear how it is possible to recover the funds from their prime suspect. One of the largest DeFi protocols Alpha Homora lost over $37 million worth of funds leveraging Cream’s
-Total value locked (TVL) in DeFi hits a new all-time high over $39B.-However, a high TVL doesn’t mean increased participation or activity in the DeFi space. -Moreover, Adjusted TVL usually tracks the changes in the TVL in the ecosystem. The total value locked in decentralized finance (DeFi) has marked a new
-The Solana Foundation partnered with Project Serum to host a global hackathon focused on DeFi.-The hackathon will begin from February 15 through March 1st.-Moreover, participants will compete for a seed funding round of $200k. The Solana Foundation is energised to partner with Project Serum. In order, to host a global
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