Tag Archives: DeFi News

A spokesperson for AnChain.AI, a blockchain analytics firm, recently revealed a $600 000+ contract with the Securities and Exchange Commission to help the agency regulate and monitor the DeFi space. AnChain’s Contract with the SEC The contract – which began in May of 2021 – has an initial value of $125 000, which may escalate to $625 000 if the SEC chooses to retain the group for 5 more $125 000 ‘option’ years. “The SEC is very keen on understanding what is happening in the...

Leading cryptocurrency e-commerce platform Shopping.io has continued to onboard several big names in the financial services industry as it makes another landmark move today. This time, it has collaborated with Justin Sun’s blockchain project – TRON. Shopping.io Integrates TRON Shopping.io revealed Wednesday that it had completed a partnership deal with TRON, a  popular blockchain project dedicated to building a truly decentralized Internet, to establish its position as a...

After launching on August 19th, the algorithmic liquidity protocol BENQI has already reached $1B in TVL. Meanwhile, the price of Avalanche’s native cryptocurrency has been soaring. Big Support for BENQI BENQI is collaborating with AVAX in a joint liquidity mining program, in which $3M worth of AVAX will be provided as incentives to users of the former’s protocol. Any user borrowing or exchanging ETH, wBTC, LINK, USDT, DAI, or AVAX will be eligible for these rewards. More...

The team behind the Binance Smart Chain has decided to launch another season of the Most Valuable Builder program. It aims to accelerate the developments in several sectors, including DeFi and GamingFi, and ten projects will have the chance to receive funding. BSC MVB Program Season Three Ever since the launch of the Binance Smart Chain, the project has strived to help emerging protocols receive support and funding through its Most Valuable Builder program. A recent press...

PolyNetwork, an interoperability protocol enabling atomic-cross chain transactions between multiple major blockchains, was just exploited to steal $600 million worth of investor’s crypto on Polygon, Binance Smart chain, and Ethereum What Exactly Happened? As reported by CryptoPotato earlier today, PolyNetwork announced that they had been attacked at 8:38 am EST. They immediately listed the addresses to which the anonymous hacker had transferred their funds on the ETH, BSC,...

With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration with the leading NFT project, APENFT, and the DeFi project, WINKLink. TRON Arcade is geared toward supporting...

Sweet, an enterprise NFT solutions provider, has recently partnered with the American professional basketball team, New York Knickerbockers, popularly known as the New York Knicks, to create a limited edition NFT pack. According to the official announcement, the New York Knicks will be commemorating the 2020–2021 basketball season with a collection of 5 Limited Edition 3D Knicks NFT tickets. Embedded in the non-fungible tokens are selected rare moments from Game 1 of the NBA...

Saber, a cross-chain stablecoin and wrapped tokens exchange built on the Solana protocol, recently announced that it had raised $7.7 million in a just-concluded seed funding round led by Race Capital.  Saber Secures Funding From Industry Investors  Other venture capital firms that participated in the equity funding round include Jump Capital, Multicoin Capital, Chamath Palihapitiya’s Social Capital, and Solana Foundation, among others.  The $7.7 million investment round also...

Ampleforth – the algorithmic stablecoin with elastic supply – has been introduced in Aave’s lending ecosystem. Ampleforth (AMPL) Now Included in Aave While most stablecoins have a stable peg, Ampleforth (AMPL) is doing things differently. It’s designed in a way where the algorithm chases a target price and readjusts the overall supply. If the price is above the target, the total supply would increase and vice-versa: if the current price is below the target, the supply will...

Celer Network, the layer 2 scaling platform, has announced that its multi-chain network is live on the mainnet. Dubbed cBridge v1.0, it will enable users to transfer assets across several blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Arbitrum. cBridge v1.0 Goes Live on Mainnet The blockchain-based project announced its latest milestone in a press release shared with CryptoPotato. The statement informed that cBridge v1.0 aims to “tackle a few of...