Decentralized Finance

Tech Titan Jack Dorsey Says He’s Building a Decentralized Exchange for Bitcoin

Source Node: https://dailyhodl.com/2021/08/28/tech-titan-jack-dorsey-says-hes-building-a-decentralized-exchange-for-bitcoin/
Time Stamp: August 28, 2021 4:00 PM - Modified On: August 28, 2021 - Published By:
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Square and Twitter CEO Jack Dorsey is building a decentralized exchange for Bitcoin (BTC). The tech mogul broke the news to his 5.6 million Twitter followers on Friday after first announcing last month that Square was developing a new business, called TBD, focused on creating decentralized finance (DeFi) services for Bitcoin (BTC). ADVERTISEMENT   We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for #Bitcoin https://t.co/jHYWHy1qmu — jack⚡️ (@jack) August 27, 2021 Mike Brock, general manager of TBD, says he believes Bitcoin will be

Can These Surging Altcoins Compete With Ethereum? Glassnode Analyzes Three Growing Platforms

Source Node: https://dailyhodl.com/2021/08/28/can-these-surging-altcoins-compete-with-ethereum-glassnode-analyzes-three-growing-platforms/
Time Stamp: August 28, 2021 2:45 PM - Modified On: August 28, 2021 - Published By:
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A slew of smart contract platforms have been surging in price over the past 30 days, and blockchain analytics firm Glassnode is digging into the metrics to determine whether or not any of these platforms can compete with Ethereum (ETH) in the future. Avalanche (AVAX), Solana (SOL), and Terra (LUNA) have all exploded over the past month, gaining 292.9%, 212.2%, and 191.4% in value, respectively, according to CoinGecko. ADVERTISEMENT   Glassnode first discusses the “spike in interest” on AVAX and SOL. “Alternative smart contract platforms like Avalanche and Solana have

This time it’s different: When DeFi meets NFTs

Source Node: https://cointelegraph.com/news/this-time-it-s-different-when-defi-meets-nfts
Time Stamp: August 23, 2021 9:17 AM - Modified On: August 23, 2021 - Published By:
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With decentralized finance and nonfungible tokens seeing a meteoric, rise it’s easy to believe crypto apps are finally breaking through. But is there actually real user growth, or is it just the same influencers moving from one hyped market to the next? We sought to answer this puzzle and identify what it means for the future of innovation. So, let’s take a closer look at the growth of DeFi and NFTs.DeFi is arguably the most prevalent application of smart contracts today. Automated market makers, algorithmic stablecoins and yield farming strategies

Titan launches actively managed crypto portfolio for US investors

Source Node: https://cointelegraph.com/news/titan-launches-actively-managed-crypto-portfolio-for-us-investors
Time Stamp: August 11, 2021 12:30 PM - Modified On: August 11, 2021 - Published By:
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United States investment adviser Titan has officially launched its new cryptocurrency offering targeting U.S. investors, giving market participants additional avenues for accessing digital assets like Bitcoin (BTC) and Ether (ETH).The new product, dubbed Titan Crypto, seeks to invest in a concentrated basket of leading cryptocurrencies that can outperform over the long term, the company announced Wednesday. The portfolio will be actively managed by Titan’s dedicated crypto team and will be available to U.S. residents who reside outside of New York state.In July, Titan concluded a $58 million Series B financing

Poly Network hacker returns less than 1% of the $600M theft

Source Node: https://cointelegraph.com/news/poly-network-hacker-returns-less-than-1-of-the-600m-theft
Time Stamp: August 11, 2021 12:07 PM - Modified On: August 11, 2021 - Published By:
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These transfers have occurred across the three wallets associated with the Poly Network hacker across the Ethereum, Binance Smart Chain (BSC) and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet issued on Tuesday.Details from Etherscan show that $2 million worth of Shiba Inu (SHIB) and $616,000 in Fei USD (FEI) tokens are being returned.So far, we have received a total value of $4,772,297.675 assets returned by the hacker.ETH address: $2,654,946.051BSC address: $1,107,870.815Polygon address: $1,009,480.809 pic.twitter.com/bPFAQk4mvS— Poly Network (@PolyNetwork2) August 11, 2021Data from BscScan also shows the

Wormhole 2.0 Mainnet Launch Links Smart Contracts

Source Node: https://beincrypto.com/wormhole-2-0-mainnet-launch-links-smart-contracts/
Time Stamp: August 11, 2021 11:00 AM - Modified On: August 11, 2021 - Published By:
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Wormhole, a Solana Labs-backed multichain connector, launched its mainnet. This new protocol aims to bring the key issue of interoperability to the forefront of the DeFi conversation. Sponsored Sponsored In a world increasingly open to innovation and fast-paced development, communication is of the utmost importance. That’s the ethos of the multichain connector Wormhole. The company intends to use its technology to make communication between different blockchains effortless.  Wormhole’s technology makes it possible for funds, votes, programs, and any other transferable information to effortlessly pass from one blockchain to the next.

Gensler Contemplating Robust Crypto Oversight Regime

Source Node: https://beincrypto.com/gensler-contemplating-robust-crypto-oversight-regime/
Time Stamp: August 3, 2021 7:12 AM - Modified On: August 3, 2021 - Published By:
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Securities and Exchange Commission (SEC) Chairman Gary Gensler is looking to establish a robust cryptocurrency regulatory framework.Sponsored Sponsored In an interview with Bloomberg, Gensler emphasized that his knowledge of cryptocurrencies would not preclude him from regulating them thoroughly. Gensler said he is “neutral on,” but “intrigued,” by cryptocurrencies, but that he’s “not neutral about investor protection.” Although individuals are free to make their own investment decisions, Gensler stressed that the SEC had a responsibility to protect them from fraud. While acknowledging that the SEC already has broad authority, Gensler asked

ChainSwap saga: Platform hit again; MATTER, ROOM, others tank; compensation plan announced

Source Node: https://cryptoslate.com/chainswap-saga-platform-hit-again-matter-room-others-tank-compensation-plan-announced/
Time Stamp: July 12, 2021 4:00 PM - Modified On: July 12, 2021 - Published By:
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On Saturday, a hacker attacked the cross-chain decentralized finance (DeFi) platform ChainSwap (ASAP), exploiting a critical vulnerability in its smart contract.Roughly nine days after its latest exploit, which resulted in losses of around $800,000, the project got drained for a significantly larger sum as more than 10 tokens have been impacted.ChainSwap hacker Many projects partnered with the cross-chain platform to bridge tokens between Ethereum (ETH)) and Binance Smart Chain (BSC) were affected, including Umbrella Network (UMB), Antimatter (MATTER), Dafi (DAFI) and Option Room (ROOM), to name a few.The team published a

Fundamentally Strongest Crypto Projects in 2020

Source Node: https://beincrypto.com/fundamentally-strongest-crypto-projects-in-2020/
Time Stamp: December 26, 2020 7:03 AM - Modified On: May 21, 2021 - Published By:
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There are numerous new promising cryptocurrency projects coming out every year. Some of them die quickly either because they offer nothing innovative to the cryptocurrency industry or a myriad of other reasons. However, some manage to thrive, lingering around long enough to grow through the ranks and eventually become staples of the industry. In this article, we will take a look at four projects which due to their strong fundamental basis and value added, could eventually become mainstays in the crypto industry. Elrond (EGLD) Elrond is a blockchain that sports