Gelato Raises $11M as Smart Contract Automation Market Heats Up
A three-way race involving Gelato, Keep3r and Chainlink to corner the massive automation market is gaining speed.
SBI, Sygnum, Azimut Establish $75M VC Fund for Crypto Startup Investments
The fund will invest in companies focused on building DLT, DeFi, and RegTech tools.
DeFi Money Market Compound Overpays Millions in COMP Rewards in Possible Exploit; Founder Says $80M at Risk
Compound erroneously paid out millions in liquidity mining rewards following an update to one of its smart contracts. In one transaction, $27 million was claimed.
Pawn Your CryptoPunk: A New NFT DeFi Lending Market Blooms
Startup NFTfi is bringing collateralized lending to the fast-growing market for non-fungible tokens, providing a gateway to DeFi for retail investors.
Pawn Your CryptoPunk: A New NFT DeFi Lending Market Blooms
A pawn shop for NFTs? Startup NFTfi is bringing collateralized lending to the fast-growing NFT market, providing a gateway to DeFi for retail investors. Users can mortgage their NFTs in exchange for other cryptocurrencies that can then be sold for cash. The service provides immediate liquidity to NFT holders who aren't yet ready to part with their CryptoPunks or Bored Apes. "The Hash" squad discusses the latest move signaling the growing demand for DeFi applications.
China’s Bitcoin Ban May Be Bullish for DeFi – But Only Briefly
DeFi token prices surged amid the recent crackdown, but some insiders doubt it will last.
Is China’s Crypto Crackdown an Opportunity for DeFi?
A price surge for the native tokens of leading decentralized finance (DeFi) protocols came as no surprise after China tightened its crackdown on crypto trading because DeFi trading platforms are, in theory, resistant to censorship. Still, some insiders doubt the price rally will last.
Cross-Chain Wallet XDEFI Raises $6M to Take on MetaMask, Phantom
Following a $6 million funding round from leading blockchain VC firms and DeFi power users, XDEFI, a wallet that will allow users to interact with nine different blockchains, is looking to challenge incumbent MetaMask’s reign and newer upstarts like Phantom.
Crypto Gains Ground in Latin America Amid Venture Capital Boom
Venture capital funds invested more than $6 billion in Latin America in the first half of 2021, versus $4 billion in all of 2020.
Bitcoin Eyes Biggest Monthly Price Decline Since May
Despite trading 2.8% higher Wednesday at $42,200, bitcoin is eyeing a 10% monthly decline, the biggest loss since May. Richard Johnson, founder and CEO of FINRA and SEC-registered broker-dealer Texture Capital, discusses his outlook for bitcoin, the potential impact of China's crypto ban on the markets, DeFi, and smart contract protocols.