The automated market maker is currently in beta development and set to launch in Q3 2021. Automated market maker MonoX has today announced a debut capital raise of $5 million from venture firms including the likes of Axia8 Ventures, Animoca Brands, Divergence Ventures, among others. MonoX will use the funds to support its ambitions in…
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Vitalik in Top-100 innovators, Cardano’s smart contract launch and carbon NFT’s — all coming to you this week in Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Despite Cardano founder Charles Hoskinson’s claim that the DeFi space is now “up for grabs,“ it was rival Vitalik Buterin who stole…
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AVAX price soared to a record high as heavy inflows enter the protocol through its cross-chain bridge and institutional investors pledge $230 million in funding for the rapidly expanding Avalanche ecosystem. On Thursday Avalanche’s (AVAX) price hit a new all-time high at $68.89, and over the last few months, the project has risen to challenge…
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One third-party explorer puts the number of time-locked Cardano smart contracts over 2,000. More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on Monday — but there’s a catch. As of now, the 200 smart contracts listed are in timelock and cannot be used by developers until…
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Minterest aims to channel all fees, interest, and revenue back into the protocol for its users. Decentralized finance protocol Minterest has just secured $6.5 million in funding for a long-term yield optimization platform. The private fundraising round was contributed to by a number of venture capital companies including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT…
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The smart contracts platform has made substantial progress within the DeFi space since its launch last year. The Avalanche Foundation has announced a significant $230M investment from a venture capital group spearheaded by Polychain and Three Arrows Capital for the purpose of supporting the growth of the DeFi ecosystem and their ever-expanding list of applications that…
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A cross-chain bridge to Arbitrum, protocol upgrades and a steady surge in network activity back REN’s 340% rebound off its July 20 swing low. Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency…
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SUSHI price reached its best level in four months while its top rivals Uniswap, THORChain, and PancakeSwap also saw gains. SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since…
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New partnerships, NFT integration and a market-wide surge in altcoin prices back HBAR’s recent 150% rally. Real-world adoption and blockchain integration is the ultimate goal of any serious fintech protocol looking to offer workable solutions to some of the biggest challenges in finance and data transmission. Hedera Hashgraph, a public network that uses a distributed…
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Prince Harry, singer-songwriter Billie Eilish, Olympian Simone Biles, and the Ethereum co-founder all made the cut. Time magazine has named Ethereum co-founder Vitalik Buterin one of the most influential people this year, along with musicians, world leaders, activists, and others. Appearing in the list of Time’s innovators for 2021, Buterin is named alongside Nvidia CEO…
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