DeFi – Page 73 – Ƀitsell X

1inch plugs into KuCoin Wallet to improve token swaps

August 11, 2022

1inch Network expands to another cryptocurrency exchange as KuCoin Wallet integrates its automated market maker functionality to improve token swaps. Cryptocurrency exchange KuCoin will introduce native token swap functionality to its in-house wallet after integrating decentralized finance (DeFi) market maker 1inch’s application programming interface. 1inch’s Pathfinder algorithm will increase the functionality of KuCoin Wallet, the…
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DeFi needs a ‘killer app’ to go next level, says Ripple exec

August 10, 2022

A panel at the Blockchain Futurist Conference was asked about the future of decentralized finance and what was needed to be done to bring about mainstream adoption. A “killer app” for consumers is what will be needed to bring the decentralized finance (DeFi) sector to a level that draws in a mainstream audience, said Ripple…
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The Merge’s Long Term Impact on Ethereum

August 10, 2022

Kosala Hemachandra is the founder and CEO of MEW (MyEtherWallet). __________… Read More: The Merge’s Long Term Impact on Ethereum Read more »Pay, Trade, Buy Bitcoin with Credit Card

Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth

August 9, 2022

Decentralized finance TVL is down by 66%, but growth in DEX aggregators, active addresses and steady fund raises show “DeFi winter” is not upon us. The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the…
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Over USD 36M Returned to Nomad Bridge’s Fund Recovery Address

August 9, 2022

Over USD 36m has so far been returned to the official fund recovery address shared by Nomad Bridge, a cross-chain messaging protocol that was drained of USD 190m worth of funds last week in what many called “the first decentralized robbery.” According to Etherscan transactions, the recovery wallet currently holds crypto assets worth USD 36.4m….…
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How to Spot the Next Celsius Before It’s Too Late

August 7, 2022

It’s every crypto investor’s worst nightmare, depositing money with a platform that later goes bust, making it all but impossible to recover funds. It’s also bad enough investing in the native token of any such platform, the collapse of which will send that token plummeting to Earth like a lead balloon…. Read More: How to…
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Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021

August 7, 2022

While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and…
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Debridge Finance Suspects North Korean Hacking Syndicate Lazarus Group Attacked the Protocol’s Team

August 6, 2022

According to the co-founder of Debridge Finance, Alex Smirnov, the infamous North Korean hacking syndicate Lazarus Group subjected Debridge to an attempted cyberattack. Smirnov has warned Web3 teams that the campaign is likely widespread. Lazarus Group Suspected of Attacking Debridge Finance Team Members With a Malicious Group Email There’s been a great number of attacks…
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WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news

August 5, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news Read more »Pay, Trade, Buy Bitcoin with Credit Card

USD 6.8B Pension Fund to Invest in Crypto Lending Market

August 4, 2022

Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns…. Read More: USD 6.8B Pension Fund to…
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Tag: DeFi