Category: DeFi
Daily Crypto Market Update – ETH Records 33-Week High Ahead of Shanghai Upgrade
The crypto market posted $21.89 billion in net inflows over the past day. The market capitalization is now at $1.23 trillion. Bitcoin saw its market…
Econia Labs’ Seed Funding Round Raises $6.5 Million Led by Dragonfly
A report from the Oregon-based decentralized finance (DeFi) Econia Labs has announced to yield of $6.5 million from a seed funding round. The Dragonfly led…
Tim Draper Encourages Businesses and Investors to Invest in Crypto Assets
The prominent venture capitalist Tim Draper has urged fast-growing businesses to invest their assets in crypto. Draper issued a report on March 25 urging the entrepreneurs…
Euler Finance Hackers Returns Digital Assets Worth $90 Million
The bad actors behind the Euler finance exploit have returned 51000 Ether to the decentralized finance protocol. A report from the Euler team dated March…
2023 US Economic Report Undermines Digital Assets, Says Crypto Offers No Value
In a new move that may likely have an impact, the White House is reportedly making a case against cryptocurrency in its released 2023 Economic…
Metaverse Game Developers Aavegotchi Set New Record With An Outstanding Multiyear Sale
The creators of the famous Aavegotchi metaverse game — Pixelcraft Studios, have successfully realized $30 million from a multiple-year token sale. The fundraising effort is…
2022 DeFi Insurance Payouts Hit $34.4M – Report
Per a March 21st report by OpenCover, a decentralized finance analytics company, the claims paid out by DeFi insurance firms amounted to $34.4 million in…
Fujitsu Explores Crypto Services As Japanese Tech Giant Delves Into Cryptocurrency
Fujitsu, a Japanese technology giant, has taken a significant step by applying to offer a wide range of services related to finance, banking, and cryptocurrency….
Privacy-Based Blockchain Protocol Aztec Shuts Down Aztec Connect
Aztec Network, the privacy-based blockchain platform, recently announced that it plans to shut down its privacy infrastructure which serves as Ethereum’s encryption layer. The network’s…
Is USDC Likely to Be Another UST? Analyst Shares His Opinion
According to a recent thread by @DeFi Ignas, a crypto analyst on Twitter, the vulnerability of USDC (USD Coin) reserves to fallen banking bodies in…
