Tag Archives: DeFi News

QANPlatform – a project that is on a mission of building a quantum-resistant hybrid blockchain protocol, secured investment from various venture capital funds to build a DeFi ecosystem. QAN Successfully Closes a Funding Round of $2.1 Million The question of whether or not existing blockchain-based PoW networks would stand the test of a quantum computer is one that’s been discussed for quite some time. To this date, many believe that a quantum computer is the most serious...

The data-agnostic oracle network supporting multiple blockchains, ORAO, will launch its general data product on top of TRON. The two parties announced a partnership earlier, with ORAO claiming it chose TRON due to the significantly lower transaction costs compared to other networks. ORAO to Launch Products on TRON Described as a “blockchain agnostic oracle platform built to support any number of chains,” ORAO operates with protocols working on top of Polkadot, Ethereum,...

Ethereum layer-two protocol, Metis, announced that they’ve successfully closed $4 million in a brand new funding round. $4 Million of Funding for ETH Layer Two Solution Metis Metis is an Ethereum layer-two protocol. According to a press release shared with CryptoPotato, the company managed to raise another $4 million in a growth round that was led by the likes of Master Ventures, Oasis Capital, AU21, BMW Capital, Consensus Lab, Genblock Capital, M6, and so forth. This gives...

The cryptocurrency community has been particularly creative when it comes to finding new ways to bootstrap projects and raise funds. In late 2017 and 2018, we saw the appearance of initial coin offerings (ICOs), where teams would raise money by selling a part of their total token supply to the public. This created an absolute euphoria as these freshly minted coins would multiply in value once they were listed on an exchange and open for trading. Quick Navigation: ICOs were...

Initial DEX Offerings (IDOs) are one of the hottest topics in crypto over the past couple of months. This has led to the creation of multiple IDO launchpads, which are platforms where teams are able to raise funds by selling some of their native tokens to the general public. Shortly after the public sale stage, the projects usually list their token – mainly on the leading DEX platform Uniswap. There are plenty of projects going on, but we’ve shortlisted some to watch for in...

Although the Meebits provenance was supposed to be completely random, the revelation of this new exploit allows users to generate NFTs worth hundreds of thousands of dollars for free (except ETH gas). This exploit is still live. Larva Labs: A Mainstay of the NFT World Famous for CryptoPunks, Larva Labs have cemented their legacy as pioneers in the NFT space, creating generative art on Ethereum. CryptoPunks have sold for outrageous amounts – sales have exceeded the...

Reef Finance, the cross-chain DeFi operating system, has launched its platform for initial DEX offerings (IDOs) called ReefStarter. The new product will focus on projects from the decentralized finance space, allowing them to swap tokens cheaply and rapidly. ReefStarter Going Live Describing itself as the “first cross-chain DeFi operating network,” Reef Finance enables traders to access liquidity from centralized and decentralized exchanges through its smart liquidity...

The mania of non-fungible tokens has intertwined with another massively popular trend for the past nearly half a century – Star Wars. Fans of the iconic space franchise will be able to interact with over 800 collectibles built as NFTs called StarColls. May The Force Be With NFTs QANPlatform – a hybrid DLT platform enabling the development of dApps, DeFi projects, and NFTs – announced plans to connect the world of non-fungible tokens and the Star Wars universe. In a press...

Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal pricing mechanism without having to rely on external oracles for price settlement. Such a system could...

While many are just trying to wrap their head around what NFTs are, crypto art sales have boomed in the last couple of weeks. NFTs, or non-fungible tokens, have created a vast new market of blockchain-based digital assets to buy and sell. However, most buyers and sellers are probably not aware of what that might mean in regards to NFTs taxation. This topic is especially important in the light of the tax proposal made by US President Joe Biden. How are NFTs taxed in the United...