Category Archive: Cryptocurrency, No picture
Polygon Transactions Explode After DeFi Expansion
Key Takeaways Polygon is catching up to its main competitor, Binance Smart Chain, as the leading Ethereum bridge platform. Polygon’s growth took off when the popular crypto lending platform Aave moved to the sidechain network. Other apps like Curve Finance and mStable have also expanded to Polygon and driven adoption of the network. This news […]
Hasbro Plans NFTs for Magic: The Gathering and More
Key Takeaways Hasbro and its subsidiary Wizards of the Coast are considering using NFTs for its Magic: The Gathering card game. Those efforts would presumably allow the company to tokenize Magic: The Gathering cards on a blockchain. Non-fungible tokens, or NFTs, have already spawned numerous blockchain-based trading card games. Hasbro is working on a non-fungible […]
Y Combinator Backs Crypto Derivatives Exchange GlobeDX
This news was brought to you by Phemex, our preferred Derivatives Partner. Cryptocurrency derivatives exchange GlobeDX announced raising $18 million in new funding round. Leading VCs Plow Into GlobeDX The funding round saw participation from some of the most prominent venture capital funds globally, including Y Combinator, Pantera Capital, and Draper Dragon. Other investors included […]
Simplex Adds Cardano, Opening Fiat Gateway to ADA
Key Takeaways Simplex would add Cardano to its vast list of supported cryptocurrencies. The move is expected to open access to ADA to a broader audience. A positive market reaction to the news could see this altcoin’s price surge and retest its recent all-time high. This news was brought to you by Phemex, our preferred […]
Balancer and Gnosis Are Launching a New Ethereum Exchange
Key Takeaways Balancer and Gnosis are launching an Ethereum-based DEX called the Balancer-Gnosis-Protocol. Through combining Balancer V2’s Vault system with Gnosis’ price-finding mechanism, the new DEX aims to protect traders from MEV. It will launch in several stages, with a full integration slated for mid-June. This news was brought to you by ANKR, our preferred […]
BSC Protocol Uranium Finance Hacked for $50 Million
This news was brought to you by ANKR, our preferred DeFi Partner. Yet another DeFi project on the Binance Smart Chain has fallen to hackers. This time, Uranium Finance was drained of more than $50 million. Uranium Finance Joins List of Hacked Projects The attackers exploited a bug in Uranium Finance’s smart contract to swap […]
Aave Liquidity Mining Program Is Ready to Launch
Key Takeaways Aave’s liquidity mining program will distribute close to $1 million daily, split equally between lenders and borrowers. Most of these rewards will go to stablecoin pools to increase the liquidity of DeFi stablecoins. The platform has already attracted more than $1 billion in liquidity. This news was brought to you by ANKR, our […]
Ellen DeGeneres Sells NFT, Talks About Dogecoin
Key Takeaways Ellen DeGeneres auctioned a piece of digital art, titled “Woman With a Stick Cat,” for $14,555 today. Proceeds from the auction and other related sales went to the disaster relief charity World Central Kitchen. Meanwhile, Shark Tank host Mark Cuban appeared on Ellen’s talk show to discuss cryptocurrencies, NFTs, and Dogecoin. Comedian and […]
TIME Calls Coinbase and DCG Influential Companies
Key Takeaways TIME’s 100 Most Influential Companies list includes two crypto firms: Coinbase and Digital Currency Group (DCG). It chose those two companies due to the “extraordinary impact” that each has made in the business world. TIME has previously taken interest in cryptocurrencies and NFTs. TIME Magazine has listed Coinbase and Digital Currency Group (DCG) […]
European Investment Bank to Issue Digital Bonds on Ethereum: Report
This news was brought to you by ANKR, our preferred DeFi Partner. Yet more signs of mainstream adoption for crypto. This time, Ethereum is reportedly taking the spotlight courtesy of the European Investment Bank. EIB Reportedly Leveraging Blockchain The European Investment Bank will use blockchain technology to issue two-year digital bonds, Bloomberg has reported. In […]
