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
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
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
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
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
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
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
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
Convex Finance surpasses one billion dollars in TVL. Convex is intended to serve as an optimizer for the Curve protocol. Observers say that Yearn and Convex compete with each other. Convex Finance has risen to $1.14 billion and entered the top 20 by size. According to DeFiLlama, this Ethereum-based finance
Speculations are on the rise as many predictions are put forth upon the Shiba Inu , the SHIB coin. It is predicted that the price of Shiba Inu coin will reach a target value of 1 USD. DJ JY on SHIB Amidst the fact that SHIB dropped down about 5%
