Category Archive: Cryptocurrency, No picture
DeFi Project Spotlight: Indexed Finance, Index-Based DeFi Investing
Key Takeaways As retail interest in DeFi grows, solutions like indices offer easy passive portfolio management opportunities. The index space is highly competitive, with DeFi Pulse Index taking the large majority of the market capitalization. The project’s upcoming release will turn all underlying tokens in the indices into yield-generating assets. This news was brought to […]
American Cancer Society Accepts Dogecoin Donations
Key Takeaways The American Cancer Society is now accepting Dogecoin donations alongside 15 previously supported coins. The ACS aims to raise $1 million through its crypto cancer fund. The decision to accept cryptocurrency seems to be the result of outreach from the Dogecoin community. The American Cancer Society (ACS) is now accepting Dogecoin donations, according […]
Goldman Sachs Launches Crypto Trading Desk: Report
Key Takeaways A note obtained by CNBC reveals that Goldman Sachs has formed a cryptocurrency trading team. The trading team has already executed trades on two Bitcoin derivatives. Goldman has shared mixed views on cryptocurrencies in the past but made shown clear moves towards adoption this year. This news was brought to you by Phemex, […]
Terra Virtua, Hashmasks Create Joint NFT Collection
Key Takeaways Terra Virtua and Hashmasks have created a new NFT collection called the vFlect Hashmasks. Released in an edition of 73, the first drop sold out in minutes. Hashmasks owners will earn a portion of the sale proceeds when their NFT is used in the vFlect Hashmasks collection. Terra Virtua and Hashmasks link up […]
Amazon Web Service Offers Chia Crypto Mining to Chinese Clients
The current bull market is breathing life into a long-forgotten crypto project challenging Bitcoin mining’s environmental impact. Now, Amazon is joining Chia Network’s green mission. Amazon Backs Chia Mining Chia is a blockchain that uses a new type of consensus mechanism called Proof of Space and Time. To mine, or rather, farm its native cryptocurrency […]
Will Elon Musk’s SNL Appearance Boost Dogecoin?
Key Takeaways Elon Musk will host Saturday Night Live on May 8. Past tweets from Musk suggest he is planning to do a Dogecoin-themed spoof of the Godfather called the “Dogefather.” His controversial appearance could end Dogecoin’s rally, or it could help the coin rise further by encouraging adoption. This news was brought to you […]
DeFi Protocol Oiler Network Releases Token OIL on Balancer
Key Takeaways Oiler chose to release their token with a Balancer liquidity bootstrapping pool (LBP) to ensure a fair distribution. The token will only be used for governance of the protocol; there will not be any fee accrual. After their LBP, the token will be available to trade on Uniswap. The blockchain native derivatives platform […]
Game Developers Land 6-Figure Sum to Build on NEAR Protocol
Key Takeaways NEAR Protocol is awarding Vorto Gaming a six-figure grant to build a gaming app on the network. It includes 25,000 NEAR tokens. Vorto Gaming plans to leverage NEAR’s high scalability and sharding capacity. Vorto Network is one of a number of blockchain projects experimenting with a disruptive play-to-earn model. Thanks to a generous […]
IDEX Announces Move to Target MEV on Ethereum
Key Takeaways IDEX is introducing “hybrid liquidity” pools with hopes of tackling slippage and front-running in DeFi. IDEX Hybrid Liquidity will combine an order book and trading engine with liquidity pools. As DeFi has grown, many traders have suffered from value extraction known as Miner Extractable Value (MEV). This news was brought to you by […]
FTX Exchange Launches Lumber Futures Market
Key Takeaways Following a surge in demand for lumber, FTX has launched a lumber futures market. FTX is known for its nimble approach to the market. It offers a wide variety of futures and prediction markets unavailable on other crypto exchanges. FTX is one of the fastest-growing crypto exchanges, processing almost $19 billion of volume […]
