Category Archive: Cryptocurrency, No picture
Maple Finance Launches Institutional Loans for DeFi
Key Takeaways Maple Finance is creating an institutional loan marketplace for crypto-native companies. The first nine candidates will receive up to $2 million each. Capital efficiency is a complex problem for DeFi as undercollateralized loans are not possible without some form of KYC. This news was brought to you by ANKR, our preferred DeFi Partner. […]
Bitcoin Drops Below $40,000, Over 40% off All-Time High
Bitcoin’s bloody week continues. Bitcoin in Freefall Bitcoin is plummeting. The leading crypto briefly dipped as low as $36,350 Wednesday afternoon after days of sell-offs. It’s Bitcoin’s first drop below $40,000 since February. Bitcoin is currently trading at $38,782, around 40% off its all-time high price. The asset hit a price of $64,804 last month […]
BlockFi Mistakenly Sends Users Large Bitcoin Payments
Key Takeaways On Monday, BlockFi mistakenly sent Bitcoin to users instead of stablecoins as part of a rewards promotion. One user reported receiving a payment for 701.4 BTC rather than 701.4 GUSD. The firm has attempted to recover the funds by halting user activities and threatening legal action. This news was brought to you by […]
Ethereum Staking Will Drop Power Consumption by 99%
Key Takeaways Ethereum is transitioning to proof-of-stake, which will reduce its energy consumption dramatically. The Ethereum Foundation expects that the blockchain’s power consumption will drop by more than 99%. Ethereum will be about 7,000 times more energy efficient than Bitcoin, which continues to rely on mining. Ethereum will reduce its energy consumption by 99.95% following […]
Long Bitcoin is World’s “Most Crowded Trade”: Bank of America Survey
This news was brought to you by Phemex, our preferred Derivatives Partner. The latest Bank of America fund manager survey suggests that long Bitcoin has surpassed long tech as the most crowded trade in the world. BTC Demand Hits Peak Long Bitcoin is the world’s most crowded trade, according to a Bank of America survey. […]
Banking App Current Taps Acala for “HyFi” on Polkadot
This news was brought to you by Phemex, our preferred Derivatives Partner. Current joins forces with one of Polkadot’s key parachains. Current Integrates DeFi Hub Current, a U.S. banking app with over three million users, is partnering with DeFi network Acala. The fintech company plans to integrate the Polkadot parachain to create what it’s calling […]
Fox Unveils NFT Company, Blockchain Creative Labs
Leading American mass media company, Fox Corporation, is joining the crypto trend with an NFT business and “the first-ever animated series curated entirely on the blockchain.” Fox Bets on NFT Technology Fox is breaking into the NFT space. On Monday, the CEO of the entertainment firm announced that Dan Harmon’s new TV series Krapopolis would […]
Sushi to Sell Tokenized Sake on Initial Offering Launchpad
Key Takeaways Sushi has created a platform called MISO for new projects to list tokens on SushiSwap. MISO is a suite of smart contracts that allows for the creation of tokens to be sold in crowdsale or auction formats. The first sale on MISO will feature 888 tokenized bottles of sake listed in a Dutch […]
DeversiFi Raises $5M in Funding Round Led by ParaFi
Key Takeaways DeversiFi has raised $5 million in a strategic investment round led by ParaFi. Several other top VC firms participated. Investors received 12.5% of the total supply of DeversiFi’s DVF token. DeversiFi is a scalable DEX running on Ethereum. It uses Starkware’s zk-STARK Layer 2 technology. This news was brought to you by ANKR, […]
Tether’s USDT Stablecoin Will Go Live on Avalanche
Key Takeaways Tether (USDT) will go live on the Avalanche blockchain. This is the ninth blockchain that USDT has been launched on, following its initial launch on Bitcoin’s Omni layer. Tether is the largest stablecoin on the market with a capitalization of $59 billion, but it remains controversial. This news was brought to you by […]
