Category Archive: Cryptocurrency, No picture
Yearn Finance, Alchemix, Curve Finance in DeFi Clash
Key Takeaways Three of DeFi’s leading projects are in dispute after Curve Finance proposed removing CRV rewards from Alchemix’s pool in the protocol. The proposal argues that Alchemix already generates yield from Curve Finance via Yearn Finance’s vaults. Alchemix recently launched its latest alETH product with Saddle, a Curve Finance fork. This news was brought […]
DeFi Staple Kyber to Launch on Polygon
Key Takeaways Kyber will launch its dynamic market maker (DMM) to Polygon Network later this month. The team has also announced liquidity mining programs on both Polygon and Ethereum to reward liquidity providers. Kyber joins many other Ethereum-native DeFi projects that have expanded to Polygon in 2021. This news was brought to you by ANKR, […]
Peter Thiel, Dragonfly Back New DAO in $230M Raise
BitDAO has raised the capital to launch its decentralized autonomous organization. BitDAO Closes Funding Round BitDAO, one of the world’s largest decentralized autonomous organizations, has raised $230 million in a funding round. Peter Thiel, Founders Fund, Pantera Capital, and Dragonfly Capital led the round, while other participants included Alan Howard, Jump Capital, Spartan Group, Fenbushi, […]
Tim Berners-Lee to Auction WWW Source Code as NFT
Key Takeaways Tim Berners-Lee, the inventor of the World Wide Web, is auctioning the code behind his creation as a non-fungible token (NFT). The NFT in this case is a digital representation of over 9,500 lines of code written by Lee between 1989 to 1991. The collectible token will be auctioned by Sotheby’s. Tim Berners-Lee, […]
Ethereum DEX dYdX Closes $65 Million Funding Round
This news was brought to you by ANKR, our preferred DeFi Partner. Another mega-raise in the crypto space. This time, dYdX is the recipient of a $65 million sum. dYdX Shares Plans for Growth dYdX has raised $65 million in a Series C funding round led by Paradigm, the project announced Tuesday. Other participants included […]
Taproot Explained: Bringing DeFi to Bitcoin
Key Takeaways Taproot is the Bitcoin network’s first update in four years. It comes after the Segwit update divided the community and led to the separation of Bitcoin and Bitcoin Cash. Taproot combines the public keys of all users in a complex transaction in a new unique key. This increases privacy and reduces necessary block […]
Hedge Funds Expect 7% Crypto Allocation by 2026: Report
A recent survey conducted by fund administrator Intertrust found that hedge funds expect to hold 7.2% of their assets in cryptocurrencies by 2026. Hedge Funds Plan Crypto Allocation Global hedge managers are planning to put a small portion of their investments in cryptocurrencies considering their long-term potential. An Intertrust survey of 100 managers at top […]
MicroStrategy Plans $1B Stock Offering to Buy Bitcoin
MicroStrategy has filed an application for a $1 billion securities offering of its class A common stock MSTR. The company will use the money for “general corporate purpose, including the acquisition of Bitcoin.” MicroStrategy’s Latest Capital Raise MicroStrategy is planning yet another Bitcoin purchase. Hours after completing a $500 million raise in corporate bonds to […]
Coinbase Pro Will List Polkadot’s DOT Cryptocurrency
Key Takeaways Coinbase is preparing to list Polkadot’s DOT cryptocurrency. The exchange is allowing deposits as of today, Monday, June 14. Trading will begin on Wednesday, June 16. DOT is a top-ten token, making it a major addition to the exchange. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Coinbase […]
MicroStrategy Closes $500M Offering for Bitcoin Purchase
Institutional investors quickly bought up $500 million worth of senior debt notes issued by MicroStrategy. The firm will use the nine-figure sum to buy Bitcoin. MicroStrategy Still Bullish on Bitcoin MicroStrategy is prepping for yet another significant Bitcoin purchase. The business intelligence firm announced that it had completed its $500 million offering for newly issued […]
