Tag Archives: defi

One of the most widely used decentralized exchange Uniswap has raised $11 million in a Series A funding round led by Andreessen Horowitz (a16z). Uniswap’s market share has been growing rapidly in the past several months, and the team behind it indicated that they will utilize the funds for the third version of the platform.Uniswap Raises $11MIn April 2019, the DEX raised $1.8 million in a seed round. Over a year later, a filing submitted to the US Securities and Exchange Commission (SEC)...

Ampleforth (AMPL) is one of the projects in the decentralized finance (DeFi) space that took the community by a storm, despite being on the market for over a year.Over the past couple of months, AMPL managed to become arguably one of the most widely-discussed protocols, largely because of its quick exponential growth.Now, however, the team has taken an essential step towards providing its users with further incentives to provide liquidity to its pools and receive attractive yields.Ampleforth...

A few hours ago, the Opyn DeFi platform discovered a vulnerability in one of its ETH Put contracts, which enabled an attacker to make off with $371,000 worth of crypto assets.The Ethereum based decentralized insurance platform allows users to protect themselves from risks they may face in decentralized finance markets. It operates with an options protocol that allows DeFi users to create put and call options.In simple terms, a put option is a contract that gives an investor the right, but not...

The ongoing decentralized finance (DeFi) boom has pushed the popular cryptocurrency exchange Huobi to establish a DeFi-oriented platform. Dubbed Huobi DeFi Labs, it aims to enhance the company’s operations in the sector and will be led by a Wall Street veteran – Sharlyn Wu.Huobi DeFi Labs EstablishedAccording to the announcement from earlier today, the Singapore-based cryptocurrency exchange has decided to take a more active role in the expanding DeFi field. The establishment of the Huobi...

If 2017 was the year where initial coin offerings (ICOs) went parabolic, then 2020 is perhaps the year where products within the field of decentralized finance (DeFi) are all the rage.With the emergence of numerous propositions, such as flash loans, where people can borrow money without having to post collateral as long as they repay it within the same block, tech-savvy enthusiasts are using these possibilities to arbitrage for substantial profits.What Are DeFi Flash Loans?DeFi has brought...

The veteran US-based cryptocurrency exchange Coinbase is looking into adding 19 new digital assets onto its platform. Interestingly, the majority of the coins are representatives of the ongoing DeFi trend.Coinbase Considers 19 New CoinsThe largest digital asset exchange based in the US announced yesterday that it’s currently evaluating 19 new additions to its platform. Those are Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera, Hashgraph, Kava,...

This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll. In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it...

On its 5th anniversary, Ethereum (ETH) is presenting its holders with a solid gift. Just moments ago, the cryptocurrency surged by more than 5%, thus marking a fresh high for the past year.ETH Gains 45% in 10 DaysThe second-largest cryptocurrency by means of market capitalization surge over 5% less than an hour ago.The price reached around $340 on some exchanges.ETH/USD. Source: TradingViewAs seen in the chart above, ETH marked a new 12-month high. Interestingly enough, the move came not so...

Ampleforth (AMPL), is one of the cryptocurrencies that lost the most over the past three days. It plunged by over 75% to reach a low at around $0.65 on some exchanges, putting holders in negative rebase territory.AMPL Plunges 75% in 3 DaysAmpleforth is undoubtedly one of the most discussed and trending projects in the cryptocurrency field. It has been this way for about a month now.Back towards the end of June, AMPL started trending upwards and reached a high at around $4, providing investors...

It is 2020, but for some reason, it feels like 2017 again. Why? It’s the YFI (no, not WiFi). Yearn Finance’s YFI token doesn’t seem to slow down. At all. The ‘absolutely no-value’ token has actually achieved a $4000 valuation and has become the second-highly priced crypto asset after Bitcoin.YFI Becomes the Second Highest Priced CryptocurrencyThey don’t compare the cryptocurrency space to the wild-wild west of finance for nothing. Especially when you have a token like YFI, which theoretically...