The USD value of cryptocurrency liquidity locked in the decentralised finance (DeFi) sector hit $35.8 billion. What’s interesting is that the growth came mostly from lesser-known DeFi protocols rather than more established projects Total Value Locked (TVL) in DeFi Total Value Locked measures the total value of the tokens that are locked within the DeFi […]
Category: STO News
The FTX Foundation is launched to fund charitable causes
The cryptocurrency derivatives exchange announced that it will donate 1% of its revenue from fees to charities Cryptocurrency derivatives exchange FTX announced yesterday it will be donating money to charitable causes with the launch of the FTX Foundation. Partnered with Effective Altruism, GiveWell, The Humane League and OpenAI, the Foundation will aim to make a […]
Investing In Maker (MKR) – Everything You Need to Know
Maker (MKR) is the main utility and governance token for the decentralized lending platform, Maker. Maker is an Ethereum based decentralized autonomous organization (DAO) that allows anyone to lend and borrow cryptocurrency without credit checks. The network combines advanced smart contracts with a uniquely pegged stablecoin to accomplish this task. What is Maker (MKR)? MKR is a […]
Curve Finance Kills the New yv2 Pool After Discovering an Issue
Decentralized exchange Curve Finance reported an issue with its new trading pool that involves the DeFi protocol Yearn Finance. Curve reported the vulnerability on Monday morning, further announcing the shut down of the pool. The team noted, “We have discovered an issue with the new yv2 (@iearnfinance) pool. The pool has been killed in order to […]
DeFi Ecosystem Acala Launches EMV for Polkadot-Ethereum Connection
With the decentralized finance (DeFi) space seeing impressive growth, several blockchain developers have flocked into the industry, hoping to serve as viable Ethereum substitutes. While Polkadot is one of the leading Ethereum competitors, a surprising new project is bringing the two rivals together. Ethereum Developers Welcome Polkadot stablecoin Acala has announced the launch of a […]
BTC Millionaires Record a Steep Jump; Treasury Secretary Calls Out for a ‘Big Package’ & ‘Quickly’
Last week started on a green note but ended on a red note only to start moving upwards this week yet again. Ahead of the CME launch of Ether futures, the price of ETH was dumped to just under $1,500 from its ATH of $1,765 on Friday, last week. Bitcoin had also made its way […]
Cardano’s ADA Overtakes XRP to Become Fourth-Largest Cryptocurrency After ‘Mary’ Hard Fork
ADA just flipped XRP in market cap, establishing a firm lead over the latter. Blockchain projects are seeing significant gains as many look for Ethereum alternatives. 2021 already saw significant shifts in the crypto rankings as the industry continues to adapt to new developments and price movement. In what is the latest seismic shift, ADA, […]
Bitcoin vs Ethereum: BTC recovers losses while ETH hits ATH
Bitcoin and Ethereum price saw a surge last Friday when the WSB incident led to the crypto surge Both coins took the rest of the weekend to rest, and have seen strong price growth so far in February BTC returned back to near-$40k levels, while Ethereum breached $1,700 and made a new ATH Around 29 […]
Mark Cuban Praises DEX SushiSwap; Now Selling “Personalized, Tokenized Video” on Rarible
Billionaire Mark Cuban is all about DeFi and NFTs. Almost every other day, Cuban is talking about the digitized space in which he is personally invested as he revealed that besides Bitcoin, Ether, and Litecoin, which he initially said is worth less than a banana, now also owns AAVE and SUSHI. In a video over the […]
Celebrities from All Industries Were Pumping DOGE to the Moon Over the Weekend
The meme cryptocurrency Dogecoin (DOGE) is back to pumping. The first pump was seen at the end of January when the price of DOGE went from $0.0073 to $0.073 on Bittrex, which soon fell to $0.03, but this month, DOGE has been slowly climbing up and yesterday went to nearly $0.09. Another retracement has been seen today […]
