Category: DeFi News

Polkadot’s Acala Raises Over $100M in KSM Tokens in Kusama’s Parachain Auction

Polkadot’s Acala Raises Over $100M in KSM Tokens in Kusama’s Parachain Auction

Just a few days after Polkadot’s canary network, Kusama (KSM) revealed that it will be conducting its Parachain Slot auctions, Acala, the DeFi hub of Polkadot, has raised more than $100 million worth of KSM tokens. According to a press release shared with CryptoPotato, the DeFi project raised this amount from funds sent via over 900 […]

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Bitrue Delegates 1 Million ADA Tokens for Staking to Support Cardano’s Decentralization

The popular cryptocurrency exchange Bitrue has delegated one million ADA tokens to a public stakepool. The company has done so on the 1LOVE stakepool to contribute to the blockchain project’s development and further enhance decentralization. Bitrue Delegates 1M ADA Tokens For Staking Launched in July 2018, Bitrue advertises itself as “the most secure and advanced […]

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DeFi Protocol Flare Has Raised $11.3M Ahead of FLR Token Distribution

The Federated Byzantine Agreement-based (FBA) network, Flare, has announced the completion of another funding round in which it raised over $11 million. Kenetic Capital led the investment as some of the notable names that participated included Digital Currency Group, Coinfund, LD Capital, Wave Financial, and Borderless Capital. Flare Raises $11M Built as a scalable, decentralized […]

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International Olympics Committee Dabbles Into Sports NFT Looking At Strong Demand

The International Olympic Committee (IOC) is looking ahead to launch its own Sports NFTs thereby capitalizing on the massive growth of the non-fungible tokens (NFTs) market. As per the latest report from Bloomberg, the IOC is willing to sell “digital versions of collectible and tradeable Olympic pins” of famous mascots and posters. Besides, it is […]

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BurgerSwap Flash Loan Attack on Binance Smart Chain (BSC) Sweeps $7 Million In Losses

Binance Smart Chain (BSC), the Ethereum-competitor for DeFi protocols, is facing severe flash loan attacks since the beginning of May 2021. The latest victim has been DeFi protocol BurgerSwap. The platform recently updated that at around 3 AM on Friday, May 28, BurgerSwap faced a flash loan attack on BSC wherein the attackers swept $7.2 […]

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Paul Price, Joe Lubin, and Phil Ivey to Participate in Virtue Poker’s Charity Tournament in June

Paul Price, Joe Lubin, and Phil Ivey to Participate in Virtue Poker’s Charity Tournament in June

The decentralized peer-to-peer poker platform based on Ethereum, Virtue Poker, will hold a charity tournament in June. Some of the most prominent names to participate include the NBA Hall of Famer Paul Price, ConsenSys Founder Joe Lubin, Poker Hall of Famer Phil Ivey, popular YouTuber Mr. Beast, and more. Virtue Poker’s Upcoming Tournament Developed within […]

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Polygon (MATIC) SDK Arrives: Developers Can Now Deploy Chains to Ethereum

Polygon, the Ethereum layer-2 solution formerly known as Matic Network, has released the first version of its network enabling developers to deploy ETH-compatible chains using the Ethereum Virtual Machine. Dubbed Polygon SDK, it marks the start of Ethereum’s transition into a multi-chain ecosystem. Polygon SDK Arrives Ever since the protocol’s rebranding from Matic Network to […]

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