DeFi tokens and altcoins bore the brunt of today’s carnage as Bitcoin price dipped below $48,000. In the early morning trading hours Bitcoin (BTC) price abruptly dropped by 17.65% which triggered a major downturn throughout the entire market. Data from Cointelegraph Markets and TradingView shows that Bitcoin decreased from a high of $58,274 on Feb.…
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The global network of open APIs is expanding to support new layer 1 blockchains. Following its mainnet launch on Ethereum in mid-December 2020, The Graph has today announced that it is integrating Polkadot, NEAR, Solana and Celo. As reported, The Graph is a protocol that enables programmers to build Application Programming Interfaces, which it calls subgraphs,…
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Solana will host a DeFi hackathon offering a $200,000 prize pool and $200,000 in seed funding to aspiring developers. Solana has announced an upcoming DeFi hackathon offering $200,000 in seed funding from the Solana Foundation. The hackathon, which is scheduled to take place from Feb. 15 through March 1st, will be hosted in partnership with…
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The $5 million fund only allows projects with a physical presence in Southeast Asia to apply for the program which provides up to $100,000 plus technical and community support. Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund. The Solana Foundation created the fund in partnership…
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WBTC, BTCB, and other wrapped Bitcoin implementations may contribute to a BTC supply shortage looming on the horizon In a blog post of Friday, Binance re-introduced BTCB to the world — a wrapped Bitcoin asset intended to bring liquidity from the world’s largest cryptocurrency, BTC, to Binance Smart Chain’s DeFi (decentralized finance) ecosystem. However, hodlers…
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FTX’s Sam Bankman-Fried doesn’t believe Ethereum will be able to provide the scaling capabilities required by the DeFi sector in future. FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum (ETH) is incapable of handling decentralized finance’s (DeFi) growth. Talking to Camila Russo from the Defiant Podcast, Bankman-Fried says that the Ethereum blockchain is limiting…
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A new fast and scalable blockchain platform is making waves with high-profile partnerships and backing from big investors. Another day, another mainnet launch. Or at least, that’s sometimes how it can feel in the blockchain space, as every project seems to be scrambling to be the latest and greatest in balancing the trade-offs between speed,…
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