Tag Archives: defi

NFT prices are in a bubble. That’s according to the third most valuable living artist today. Mike ‘Beeple’ Winkelmann, in an interview, said that despite the inflated prices, the technology itself is strong.NFTs Absolutely in a Bubble, Says BeepleMike Winkelmann, who is better known for his artist name Beeple, especially within the cryptocurrency community, believes that non-fungible tokens (NFTs) are in a state of a bubble.In a recent interview for Bloomberg, the artist said that NFT art is...

With the creation of Bitcoin back in 2009, Satoshi Nakamoto would have probably never guessed that the world would buy digital, collectible CryptoKitties, Punks, Hashmasks, celebrity music, and so forth.However, all of the above made use of a whole new Ethereum standard for identifying unique assets on its blockchain – the ERC-721, better known as the solution for the creation and transfer of non-fungible tokens.This article discusses the following questions related to non-fungible...

TurtleDex, a decentralized Binance Smart Chain protocol, went through a rug pull. The protocol drained 9000 BNB, approximately $2.5 million. The owners immediately deleted TurtleDex’s telegram, the official website, and the Twitter page.A “rug pull” is a popular term in the DeFi space. In essence, the team behind the project pulls out the liquidity of the tokens being traded and makes off with the money, nowhere to be seen.A Sad day for TTDX HoldersJet Fuel Finance, a yield farming protocol...

Every now and then, the cryptocurrency community is taken ablaze by a new project that does the rounds.Now, it seems that Bitclout is where all the rage is – a new type of social network, the intention of which is to enable users to speculate on people and posts with real money.Let’s have a closer look at what Bitclout is and why it is so popular right now.What is the Bitclout Network?Bitclout is a new decentralized protocol that brings forwards a social network, enabling users to speculate...

AAVE, one of the market’s leading lending protocols, brings further offerings to its value proposition. In a recently released announcement, the protocol revealed that they have now enabled Uniswap and Balancer LP tokens to be collateralized on the platform.AAVE currently holds over $5 billion in total value locked, according to data from DeFi Pulse, and it ranks third in terms of this metric, trailing behind Maker and Compound.In a recent announcement, however, the protocol has taken steps...

Sam Trabucco, a quantitative cryptocurrency trader, part of the Alameda Research team, took it to Twitter today to reveal that the company is in no way affiliated with REEF Finance. This came as a shock to the community, following a marketwide announcement last week that the latter had invested $20 million in REEF as a strategic placement and future communal initiatives.CryptoPotato received word from the CEO of REEF Finance, who explained what happened, in their view.Sounding the Alarm: Sam...

PancakeSwap, the largest and most popular decentralized cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, might have had its DNS hijacked. Cream Finance is also under attack.In a tweet shared minutes ago, PancakeSwap’s official account revealed that the platform might have had its DNS (Domain Name System) hijacked.Until we are able to confirm this is not the case, do not use the site. We will confirm ASAP. In the meantime, better safe than sorry. – The team...

Alameda Research, founded back in 2017, is one of the leading research and trading firms in the cryptocurrency industry. The company has announced a $20 million investment in the cross-chain DeFi operating system Reef Finance.Alameda Research has invested $20 million in the popular DeFi cross-chain operating system REEF Finance.According to a press release shared with CryptoPotato, the company has made the investment by buying REEF tokens, and in doing so, it has become a significant...

Alongside DeFi, NFTs remain at the frontline of the cryptosphere, causing a widespread hysteria that can only be compared to the ICO boom in 2017. For most of the time, however, NFTs have trailed DeFi in terms of interest, but that has now changed. They have hit stratospheric points of late, and search engine results conform to this.NFTs Continue To Whet AppetitesAn unfolding love affair between art, real estate, collectible enthusiasts, and the metaverse birthed one of the biggest factions...

Beeple, an artist who made quite a few headlines as of late around the NFT hype, managed to get his ‘The First 5000 Days’ NFT sold for a whopping $69,346,250 at an auction on Christie’s.Just a few hours ago, CryptoPotato reported that someone had bought a CryptoPunk NFT for $8 million.Now, as the auction on “The First 5000 Days” – a digital art piece by the popular Beeple, closed for a whopping, record-breaking $69,346,250.That’s more than anything that anyone has ever paid when it comes to...