DeFi’s first M&A deal? Yearn.Finance and Pickle Finance are set to merge

November 24, 2020 DeFi, pickle finance, Yearn.finance Eddy 0

Decentralized finance (DeFi) protocols Yearn.Finance and Pickle Finance are set to merge in what appears to be the first M&A agreement of the DeFi space. Announcing the merger on Tuesday, both teams behind the protocols said they would work together to leverage shared expertise and increase specialization. The actual merger would occur when the second version […]

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DeFi insurance protocol InsurAce raises $1 million backed by DeFiance, Huobi and Signum

November 24, 2020 Asia, DeFi Eddy 0

Decentralized insurance protocol InsurAce has raised $1 million in a seed funding round. The firm said in an announcement Tuesday that the round was led by DeFiance Capital, a crypto fund that’s focused on the decentralized finance space. Other investors that participated in the round include ParaFi Capital, Huobi DeFiLabs, Hashed, Signum Capital and Lunex […]

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Gnosis Launches World’s First Prediction Market for Decentralized Governance

November 24, 2020 AA News, Crypto News, DeFi Eddy 0

One of the earliest builders on the Ethereum network, Gnosis, announced the launch of the cryptocurrency industry’s first decentralized prediction market-driven collective — GnosisDAO. Prediction Market for DeFi Governance Traditionally, a prediction market is a form of exchange-traded markets where a group of people predict the outcomes of a variety of events and bet on […]

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Ethereum 2.0 Deposit Contracts Gather Steam As ETH Price Approaches $600

November 23, 2020 Altcoin News, DeFi, ETH Price, ETHAUD, ETHBKRW, ETHBRL, ETHBTC, ETHBUSD, ETHDAI, ETHEOSDT, Ethereum 2.0, Ethereum 2.0 Deposit Contracts, Ethereum 2.0. smart contracts, Ethereum PoS, ETHEUR, ETHGBP, ETHHUSD, ETHJPY, ETHKRW, ETHMXN, ETHPAX, ETHRUB, ETHTRX, ETHTRY, ETHUSD, ETHUSDC, ETHUSDT, ETHUST, ETHZAR, News, vitalik buterin Eddy 0

The Ethereum 2.0 launch remains the hot topic of discussion within the Ethereum community. Earlier this month, Ethereum developer Afri Schoedon launched deposit contracts for Ethereum 2.0. As per the latest developments, the deposit contracts have crossed the half-way mark of the minimum milestone of 524,288 ETH for the Ethereum 2.0 Beacon Chain to go […]

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YFI’s Andre Cronje Unveils Multi-Purpose DeFi Protocol Deriswap

November 23, 2020 AA News, Crypto News, DeFi, ETHBTC, ETHUSD, uniswap, Yearn.finance, YFIBTC, YFIUSD, YFIUSDT Eddy 0

Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap. Obsessed With Capital Efficiency The project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed with. The YFI creator is set to change the current […]

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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

November 22, 2020 @n2ckchong, aave, addresses, compound, decentralized finance, DeFi, Defi System, ETH, ETH Defi, Ethereum, Firms, I am Nomad, identities, Jump Trading, Larry Cermak, Maker, Nick C., onchain transactions, pickle finance, PolyChain Capital, SUSHI, Technology, Three Arrows Capital, uniswap Eddy 0

Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many […]

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Market Watch: XRP and ETH Steal The Show As Bitcoin Retracing $700

November 22, 2020 AA News, ADABTC, ADAUSD, BCHBTC, BCHUSD, Bitcoin (BTC) Price, BNBBTC, BNBUSD, BTCEUR, BTCGBP, BTCUSD, BTCUSDT, Crypto News, DeFi, DOTBTC, dotusd, DOTUSDT, ETHBTC, Ethereum (ETH) Price, ETHUSD, LINKBTC, LINKUSD, LTCBTC, LTCUSD, Market Updates, Ripple (XRP) Price, social, XLMBTC, XLMUSD, XRPBTC, XRPUSD, YFIBTC, YFIUSD, YFIUSDT Eddy 0

After almost touching $19,000 for the second time, Bitcoin has calmed and retraced below $18,500 (as of writing these lines). At the same time, most alternative coins have doubled-down on their recent gains. Ripple’s 60% weekly spike has helped the asset overcome Tether as the third-largest cryptocurrency by market cap. Bitcoin Slows Down After Doule-Top […]

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DeFi project Pickle Finance exploited for nearly $20M in DAI

November 22, 2020 $PICKLE, DeFi, pickle finance Eddy 0

Decentralized finance protocol Pickle Finance lost almost $20 million in DAI in an exploit on Saturday. Pickle Finance is a yield aggregation service similar to the yEarn protocol. The exploit on Saturday appears to involve Pickle Finance’s DAI pJar product, which leverages the Compound protocol to harvest yield with DAI deposits. Funds from the exploit […]

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Hacker Steals $20 Million From DeFi Protocol Pickle Finance

November 22, 2020 AA News, Altcoins, COMPBTC, compound, compusd, Crypto News, de, DeFi, Hacking Eddy 0

Another day, another DeFi hack. Pickle Finance just announced that funds deposited in one of its smart contracts were stolen by a hacker hours ago. The team is still investigating how exactly the hacker stole approximately $20 million in funds. Their wallet is still “dormant” and has not started the “money laundering” phase that tends […]

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TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad

November 21, 2020 Bitcoin, crypto, Cryptocurrency, DeFi, Escrow, Sponsored, TrustSwap Eddy 0

In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream finance. TrustSwap accomplishes this by providing a service platform […]

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