Crypto EcoBlog
SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets, today announced that with a total of nine crypto currencies, SEBA Bank is expanding its comprehensive offering into DeFi. With these new tokens, SEBA Bank is continuously expanding its offering, and is entering into the DeFi world, supporting the tokens of the most important DeFi protocols available on the market. SEBA Bank´s clients will be able to...
Read More »Spartan Protocol on Binance Smart Chain (BSC) Exploited: $30 Million Stolen
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...
Read More »PancakeSwap Continues Cook Rivals as Daily Transactions Close on 2M
The Binance Smart Chain powered DEX has surged in popularity in recent months as DeFi newbies flock to the platform to avoid paying heavy gas fees on Ethereum. Figures from on-chain data providers indicate that the record figures for BSC and PancakeSwap have indeed surpassed that of the Ethereum network, despite its record price high of $3,100 today. PancakeSwap’s analytics dashboard does not appear to be updating TVL and volume figures, but its daily transaction count is...
Read More »The Crypto Investor Who Went from $185K to $0 in 3 Weeks: What Can Be Learned?
As the bull market rages on, it’s easy to get caught up in success stories. However, it’s paramount to know that it’s not all rainbow and butterflies – losses happen, and they hurt, especially if you’re not prepared or overtrade. An investor tweeted about how he lost his entire $185k portfolio in just 3 weeks. This is verifiable via his Ethereum address. The thread is sobering, and it’s a great read for traders to go through to remember that bull markets don’t last forever,...
Read More »DeFi Protocol Jigstack Raises $3 Million in Private and Public Funding Rounds
Jigstack, a DeFi project aiming to govern high-quality revenue-generating network solutions on Ethereum, has successfully raised $3 million in private and public funding rounds. The protocol plans to utilize the funds to build the DAO of the decentralized finance sphere. Jigstack Raises $3M in Funding Rounds Describing itself as the “missing piece of DeFi,” Jigstack is a decentralized autonomous organization (DAO), which engineers and deploys institutional-grade decentralized...
Read More »Polygon Rolls Out $100 Million DeFi Adoption Fund
Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has recently launched a $100 million fund intended to improve the accessibility of the decentralized finance (DeFi) space to more users. According to a press release shared with CryptoPotato, the fund, known as “#DeFiforAll,” is geared toward effectively introducing millions of users to the various decentralized products and platforms available. Polygon’s Fund to Support DeFi for 3 Years The...
Read More »$50M Drained From Uranium Finance: Hack or Rug Pull?
$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull. $50M Gone From Uranium Finance The DeFi project took it to Twitter today to explain the exploit which targeted its v2.1 token migration event. More specifically, Uranium argued that the hackers...
Read More »MetaMask’s Active User Base Has Increased 5x in 6 Months to 5 Million
The ongoing crypto bull market has positively impacted various companies and services connected to the industry. Just six months after topping one million monthly active users, the popular Ethereum wallet MetaMask has reached another milestone at five million. MetaMasks Tops 5M Monthly Users CryptoPotato reported back in October 2020 when MetaMask – the cryptocurrency wallet software supporting Ethereum-based digital assets – reached one million monthly active users. A lot...
Read More »Reef Finance’s Schedules Mainnet Release for May, Promises Polkadot Integration
Reef Finance has announced that its Substrate-based mainnet will see the light of day in May 2021. Called Reef Chain, it promises to “make DeFi easy” by enabling developers to use a highly scalable and fully EVM-compatible network that’s integrated into the Polkadot ecosystem. Reef Chain Coming in May Reef Finance is a cross-chain DeFi operating system allowing traders to access liquidity from centralized and decentralized exchanges through its smart liquidity aggregator and...
Read More »Gaming Giant Ubisoft Becomes a Tezos Baker
French game publisher Ubisoft has partnered with Tezos, becoming an official corporate validator node on its blockchain. Nomadic Labs, a research and development team within the Tezos ecosystem, announced the partnership via Twitter. ?@Ubisoft is exploring #Tezos technology by becoming a corporate baker. ? Welcome to the ecosystem!Read the announcement: https://t.co/ZM1IzBTVCM#blockchain #DigitalTransformation #crypto #Ubisoft pic.twitter.com/6wKCQIFAOJ — Nomadic Labs...
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