Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most cited developer of patents in the industry. Chinese holding conglomerate Ping An Group filed the largest number of blockchain-related patents in 2020, according to a new report. Intellectual property-focused magazine Intellectual Asset Management has released a report on the…
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The relationship is “c-over” between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers. Decentralized finance (DeFi) protocols Yearn Finance and Cover have announced today the end of a protocol merger process initiated in November last year. The two protocols were initially linked during a spree of a half-dozen…
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Investors include Lemniscap, P2P capital and others. Unslashed Finance has sold $400 million in coverage since its private launch last month. Unslashed Finance, a decentralized insurance protocol built on Ethereum, has raised $2 million to fund its tokenized insurance product, highlighting another positive use case for blockchain technology. The funding round, which was led by…
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Strong fundamentals and new partnerships back the strong rallies in Morpheus Network, Bridge Mutual and Reef Finance. As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion’s share of investor’s attention as they are the well-known ‘secure’ blockchain projects. …
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A bumper payout for identifying a critical bug in a smart contract caused increased confidence in the ArmorFi platform and a 100%+ token pump. A whitehat hacker has seen what was already one of the largest smart contract-related bug bounties ever awarded more than double, after the ARMOR token price pumped following the announcement of…
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Nexus Mutual is now allowing users to cover their centralized exchange accounts. Decentralized finance coverage protocol Nexus Mutual has expanded the list of centralized exchanges eligible for incident protection. Users trading on Binance, Kraken, Coinbase and Gemini are now able to buy protection in the event of an exchange hack or prolonged withdrawal downtime. The…
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“The fabric of society is frayed,” said the former Facebook exec. Bitcoin’s (BTC) price has risen dramatically over the past days and weeks, recently wheeling past $40,000. An asset largely untied to governmental authority, Bitcoin is a hedge against global uncertainty, according to venture capitalist and billionaire Chamath Palihapitiya. Citing a possible five or 10-year…
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Chainlink co-founder Sergey Nazarov explains why a decentralized oracle network is needed to ensure trust in the DeFi ecosystem. Chainlink co-founder Sergey Nazarov believes that increasing the decentralization and scalability of oracle technologies are key to ensure trust in the DeFi ecosystem. Oracles play a key role in the correct functioning of DeFI protocols by…
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“That’s how shit gets done here,” says one team member This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. In a blog post, Cronje notes that the merger will…
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If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000. In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and…
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