Category: decentralized finance

Coinend: 1,2,3 Take off – New Gamified Crypto Prediction Platform

Coinend: 1,2,3 Take off – New Gamified Crypto Prediction Platform

Coinend has announced the launch of its cryptocurrency gamified platform. GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama. It allows users to predict the closing price based on hourly, daily and weekly prices of various cryptocurrencies, with a reward for all participants. In a statement by the CEO, Godspower […]

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Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps).The Bitcoin […]

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Tim Draper’s Venture Studio to Triple-Down on Blockchain Projects With a $25M Fund

Tim Draper’s Venture Studio to Triple-Down on Blockchain Projects With a $25M Fund

At the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced the launch of a $25 million blockchain fund called “Fund 1.” According to the announcement the money will be used for promising blockchain and fintech startups in Series A and seed investments.On October 6, 2020, the Los Angeles-based venture studio […]

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Ethereum Transaction Fees Fall 82%, as Defi Hype Eases

Ethereum Transaction Fees Fall 82%, as Defi Hype Eases

The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols.According to data from Glassnode, ethereum (ETH) miners have […]

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Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network

Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network

During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild.In the world of […]

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Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year

Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year

So called decentralized finance (defi) lending platform Bzx on Sunday lost $8.1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts.The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.6 million); 4,503 ETH ($1.65 million); 1,756,351 USDT ($1.76 million); 1,412,048 USDC ($1.4 […]

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights.Decentralized finance (defi) is a term used often […]

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