Binance Coin, WazirX and KuCoin Token have notched double-digit gains after centralized exchanges added lucrative staking opportunities and quickly listed new DeFi tokens. Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8…
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The Bitcoin-on-Ethereum project gets a major institutional breakthrough via Fireblocks. In a blog post today, decentralized finance (DeFi) protocol Badger DAO announced a forthcoming integration with Fireblocks, a digital asset storage, management, and DeFi on-ramp for institutional investors. “We’re excited to announce a strategic partnership between Fireblocks and BadgerDAO to enable their 200+ institutional clients…
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Ether remains close to the $2,000 mark after breaking its all-time-high at around $2,150, but what has driven its growth? Breaking new all-time highs, the recent price action of Ether (ETH) took the crypto market by storm and signaled an official start to alt season. Several analysts are predicting that Ether will surpass its previous…
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Reef Baskets V1 is intended to function in a similar manner as traditional ETFs. Reef Finance, a decentralized finance ecosystem powered by Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies. Reef Baskets V1 is described as an “Ethereum-based framework for deploying collections of…
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The multi-chain bridge hub aims to bridge Ethereum and BSC and beyond. Cross-chain asset bridge and application hub ChainSwap has closed a $3 million strategic funding round with participation from some of the biggest names in decentralized finance and the crypto industry. In an April 7 announcement, ChainSwap stated that it raised the funds in…
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“In becoming a key player in the Avalanche ecosystem, we will help drive our common goals, bringing the DeFi industry to new heights,” says AllianceBlock founder and CEO Rachid Ajaja. AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming “Internet of Finance” protocol. Once completed,…
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A vulnerability patch left the protocol with only partial functionality, but the price is still holding. Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol, the…
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Decentralized finance protocols and regulatory agencies need to figure out DeFi regulations to enable the niche crypto market to integrate with real-world finance. Rune Christensen, co-founder of DeFi bluechip MakerDAO, says the decentralized finance space is set to move from its current isolated bubble phase towards more integration with the broader financial landscape. Christensen made…
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The DeFi market continues to heat up, with Alameda Research identifying Southeast Asia as a potential growth hub. Alameda Research has expanded its investment portfolio by allocating $4 million to Coin98 Finance, an up-and-coming decentralized finance platform from Vietnam, according to Chinese fintech outlet ChainNews. Coin98 Ventures, the venture capital firm behind Coin98, reportedly operates…
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The DeFi platform was the victim of an attack shortly after launch, with 183 ETH compromised. After an initial selloff, FORCE tokens are in recovery mode Monday. Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff,…
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