Tag Archives: defi

There has reportedly been yet another DeFi exploit, which resulted in massive declines for its native token. This time, the victim was Cover protocol, and its COVER token crashed by almost 80% on Binance within minutes.COVER has tanked by almost 80% before recovering to its current trading price. Regardless, the cryptocurrency is still down more than 50% from today’s high.COVER/BUSD. Source: TradingViewThe team behind the protocol has so far failed to provide any explanation for the crash,...

Yield farmers and DeFi token aficionados certainly had a merry Christmas thanks to 1inch, a relatively young and unknown token that in a matter of hours surpassed many other cryptocurrencies’ performance in the top 100 of cryptocurrencies with the largest market capitalization.1inch is a decentralized exchange aggregator that sources liquidity from various exchanges, making it possible to use its smart contract to spread a single transaction across multiple decentralized exchanges.The...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1041. Im heutigen Video geht’s um folgende Themen: DeFi bekommt synthetisierte Aktien, The Graph (GRT) klettert um 300 Prozent & SkyBridge Capital will Bitcoin-Fonds auflegen. [embedded content] 1.) DeFi bekommt synthetisierte Aktien – Amazon, Facebook, Google und Co. dezentral erhältlichhttps://cryptomonday.de/defi-bekommt-synthetisierte-aktien-amazon-facebook-google-und-co-dezentral-erhaeltlich/ 2.) Neues Projekt The Graph...

The decentralized finance (DeFi) space continues to experience frequent attacks, and the latest victim is Warp Finance. The project admitted earlier today that undisclosed perpetrators have compromised the protocol and taken nearly $8 million by initiating a flash loan attack.$7.7M Taken In A Flash Loan AttackThe significant growth of the DeFi space that attracted billions of dollars locked in numerous protocols has also garnered the attention of bad actors. Hackers have frequently exploited...

Social Media platforms, despite being a tale of the modern society, remain largely antiquated. While we browse through different profiles on our phones, we oftentimes forget that it’s one single entity behind the curtains. One central organization that can pull the plug and control the entire thing.It is here where the promise of blockchain-based technology, being inherently distributed and decentralized, sounds particularly appealing. And there are plenty of projects already working on...

The world of decentralized finance continues to amaze. Roughly around 12 hours ago, someone bid almost $800,000 for a collection of nun-fungible tokens (NFT) in what seems to be the most expensive purchase of digital art in the cryptocurrency industry.$800,000 Paid for NFT Digital Art CollectionMike Winklemann is a graphic designer from Charleston, USA, who uses the artistic pseudonym Beeple. His work spans a broader field and includes short films, VR and AR work, as well as Creative Commons...

Chainlink has just received another endorsement —this time on behalf of the largest cryptocurrency exchange in the ecosystem: BinanceBinance announced the successful integration between the decentralized oracle platform Chainlink and its smart contract blockchain, Binance Smart Chain.The integration is on a root level; that is, the Oracles would need no support for the Ethereum network since they would be running directly on the Binance Smart Chain. This constitutes a significant advance in...

As the DeFi space continues to grow, ConsenSys has now announced a new offering from the leading wallet provider MetaMask. It will enable cryptocurrency funds, professional traders, and custodians with institutional-grade controls and applications for decentralized finance.The blockchain technology solutions provider ConsenSys has announced today a new offering oriented toward the growing space of decentralized finance (DeFi).In a press release shared with CryptoPotato, the company reiterated...

This summer’s decentralized finance boom is far from over. Granted, a large number of the newly minted DeFi tokens have pumped and dumped, but November has seen a major resurgence for many of them as they outperform Bitcoin itself.During the month of November, Bitcoin made just under 40% in a climb from $13,800 to top $19,000 by month-end. It’s long-awaited surge towards its previous high of $20K three years ago has renewed the market momentum and general ‘hopium’ that has been missing for...

Decentralized marketplace and e-commerce protocol Syscoin has partnered with the stablecoin platform TrustToken.The goal of the collaboration is to speed up payments and to provide further solutions to Ethereum’s blockchain. It also means that the five stablecoins of TrustToken, namely TUSD, TGBP, THKD, TCAD, and TAUD, will run on Syscoin’s blockchain and be available for users.A Collaboration Between Syscoin and TrustTokenAccording to a release shared with CryptoPotato, the popular...