Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will…
DeFi Technologies Inc. (OTCQB:DEFTF) Q4 2023 Earnings Conference Call April 4, 2024 1:00 PM ET Corporate Participants Olivier Roussy Newton – Chief Executive OfficerRussell Starr – Head of Capital Markets Conference Call Participants Operator You have joined the meeting as an attendee and will be muted throughout the meeting. Jamie Frawley Everyone, thank you for…
Fidelity Digital suggests that 2024 might witness a resurgence of institutional interest in DeFi yields. In its recently released 2024 Digital Assets Look Ahead report, asset manager Fidelity Investments predicts a potential resurgence of institutional interest in Decentralized Finance (DeFi) and stablecoins, based on the Federal Reserve‘s anticipated interest rate cuts. Stablecoins and Institutional Adoption…
With funding courtesy of ENV in place, Defibox and Noahark will be able to take these features to the next level. EOS Network Ventures (ENV), the primary steward of the EOS network, has announced a major grant to accelerate DeFi adoption. $2.4 million has been invested by ENV into NoahArk Tech Group to allow decentralized…
The CFTC advisory committee has voted that a report be delivered to the commission and other regulators to review the DeFi sector, as well as the current laws relating to it. Decentralized Finance (DeFi) has been in existence for several years now and has seen billions of dollars in transactions thus far. Providing financial services…
Cardano’s DeFi total-value-locked crosses a significant $450 million with its native stablecoin Djed contributing a significant portion. Smaller protocols like LendFi and Spectrum Finance recorded an impressive 90% surge in TVL. Cardano’s native cryptocurrency ADA has registered massive gains shooting over 15% soon after the FOMC meeting concluded on Wednesday. As of press time, the…
In addition to portfolio management, Jellyverse will feature JellySwap, a decentralized exchange that will serve as home to its native crypto JLY. Jelly Labs AG and Fintonomy LTD, the companies developing the initial protocols for Jellyverse, a decentralized finance network built on the Ethereum Virtual Machine (EVM)-compatible layer-2 DeFiMetaChain (DMC), have announced the completion of…
Boosted by the news of the fundraising, the platform’s native token POKT experienced a notable increase over the past 24 hours. In a significant move towards bolstering its decentralized finance (DeFi) operations, Grove, formerly known as Pocket Network Inc, has raised $7.9 million from prominent institutional investors, CoinDesk informed on Thursday. According to the report,…
Avara is hoping to create extensive access and usability for blockchain technology. Aave Companies have rebranded to Avara as a way of repositioning itself to attract a wider Web3 audience. According to Stani Kulechov, founder and CEO of the company, the move is necessary due to the growing list of offerings by Aave (now Avara)….
Does Bitcoin need any sidechains for its future? The DeFi community nowadays is split between “yes” and “no” as an answer to this question after the resurgence of a six-year-old proposal. Since the controversy around sidechains involves advanced crypto language, let’s cover the basics first and then take a deeper look into the pros and…
The AWS Blockchain Node Runners has so far integrated Ethereum (ETH) and Solana (SOL), thus making it a major step for the latter to become a Web 3.0 hub that supports scalable smart contracts. Solana (SOL), a leading smart contract blockchain with a smartphone in the market dubbed Saga mobile, has announced that infrastructure nodes…
Mixin Network immediately suspended the deposits and withdrawals stating that they would soon announce their decision to deal with the lost assets. Earlier today, the decentralized finance (DeFi) project Mixin Network announced the suspension of all deposits and withdrawals after losing $200 million in crypto assets in a recent hack. The SlowMist team was the…
The SEC enforcement chief stated that the agency’s interest in crypto goes much beyond the high-profile cases with a number of DeFi businesses on its radar. The US Securities and Exchange Commission (SEC) seems to be further determined to chase down crypto exchanges and DeFi firms. David Hirsch, head of the SEC’s Crypto Assets and…
Ironblocks noted that the new collaboration between the two entities will ensure that all projects under AvengerDAO’s ecosystem will be safe from security threats. Blockchain security platform Ironblocks has formed a strategic partnership with AvengerDAO, a community-centric initiative supported by BNB Chain. With both entities renowned for their unwavering commitment to user security, this collaboration…
One possible reason behind the strong surge in Freind.tech’s user activity is due to several non-crypto personalities joining the platform recently. Decentralized social platform Friend.tech is once again gaining major traction with the total value locked (TVL) shooting to more than $20 million in the last four days. The development comes within two weeks of…
Read about five under-the-radar protocols that are expected to change the onchain game. DeFi continues to defy expectations while refusing to be written off. In 2023 the decentralized finance sector has spawned new use cases while entering new ecosystems and chains. The sort of primitives that emerged in the early 2020s, for lending, borrowing, trading,…
Shiba Inu is gearing up for the mainnet launch of Shibarium scheduled ahead of this month at the upcoming Blockchain Futuristic Conference. Shiba Inu has become more than just a memecoin with developers working on several interesting projects aimed at expanding the Shiba Inu ecosystem. In order to further strengthen trust among SHIB users and…
As per the preliminary audits, the estimated losses are already north of $42 million with assets worth $100 million under risk. Curve Finance, the Ethereum-based second-largest decentralized exchange (DEX) after Uniswap, suffered a major exploit on Sunday, July 30. The exploit happened typically due to a vulnerability in its programing language Vyper. Due to the…