Tag: Blockchain

ERROR It’s getting to be a status thing. This weekend, the official Twitter account of the government of Ukraine tweeted out a bitcoin address and one Ethereum, too, and asked for donations to support the nation’s defense against Russia.  Subsequently, blockchain scions like Polkadot’s Gavin Wood and Tron’s Justin Sun petitioned government officials to accept […]

ERROR Wildly divergent spreads used to be a staple in Bitcoin trading, with savvy traders raking in profits by playing the arbitrage between the pricing on different exchanges, especially in Asia.  Now a 6% premium for BTC has emerged on a trading pair with the Ukrainian hryvnia (UAH), the nation’s currency, as Russia’s invasion of […]

ERROR Solidex Finance has attracted $2.18B of assets in just a few days since the project launched on the Fantom blockchain — that’s good for the 22th slot in all of DeFi as of Feb. 28 according to DeFi Llama, which tracks total value locked (TVL). At its current TVL, Solidex is ahead of hot […]

ERROR Pussy Riot, the famed feminist punk protest group, helped form a DAO on Thursday to assist Ukrainians as they cope with the Russian invasion of their country. The newly formed UkraineDAO immediately attracted thousands of followers to its Twitter and Discord accounts. In addition to Pussy Riot, the group includes core members representing PleasrDAO, […]

ERROR Crypto has always been global, but the crisis created by Vladimir Putin’s assault on Ukraine this week has dramatized just how global it has truly become. Many distributed crypto teams have members in Ukraine, and many others with connections to the country have started providing support to people facing the conflict there. It’s difficult […]

ERROR It’s a stark reality. The cryptocurrency market has lost 40% of its value since peaking in November, and even web3 supporters have accepted that a bear market has arrived with no end in sight.  And yet, there is one asset that has been quietly and steadily holding fast during this sell off — metaverse […]

ERROR Who says you need to see it to believe it? Invisible Friends, a much-hyped NFT collection of 5,000 animated invisible characters, hit a floor price of 12 ETH ($29K) as soon as the early access sale commenced on Feb. 23. Prices have since settled around 9 ETH ($22,000) with over 10,000 ETH ($24M) in […]

ERROR Celsius, a centralized crypto lending platform, has become the first CeFi lender to launch a pool on Maple Finance, a decentralized protocol facilitating undercollateralized cryptocurrency loans to institutions, the venture said today. The Maple pool is also the first endeavor of CelsiusX, the newly launched DeFi arm of Celsius. Celsius told The Defiant that […]

ERROR It wasn’t that long ago that GameFi was riding high. Led by Axie Infinity, play-to-earn gaming emerged as a cultural and economic force in DeFi. With in-game rewards incentivizing players and enabling many to meet living expenses, a new model had been born. Between the beginning of March and the November peak, Axie’s governance […]

ERROR Coming back after a year hiatus, tens of thousands of experienced builders and curious beginners alike descended upon ETH Denver. The conference came at a crucial turning point for the industry as a whole.  It was earlier this month that the likes of Coinbase and FTX bought Super Bowl commercials and The New York […]

ERROR Rocket Pool, an Eth2 staking provider, now accounts for 1% of Ethereum’s network validators just three months after launching.  The project has quickly emerged as the second-largest Eth2 liquid-staking platform, dramatically outpacing the growth of all rivals except for the sector’s leader, Lido, which enabled staking in December 2020. Ethereum’s highly anticipated Eth2 overhaul […]

ERROR Terra’s stablecoins, primarily UST, will now be backstopped by Bitcoin. A billion dollars worth of BTC will be set aside by the Luna Foundation Guard (LFG) to act as a backstop for UST and other Terra stablecoins in case they lose their pegs, as first reported by The Block.  $1B of LUNA LFG sold […]

ERROR OpenSea, the leading NFT marketplace, has a new contender atop its daily volume leaderboard. The project du jour is Tubby Cats, which has traded 4,954 ETH, equivalent to $12.9M, in volume in the past day. That’s good for the top slot on OpenSea, ahead of Bored Ape Yacht Club, Doodles, and well, every other […]

ERROR Last week, it hit me: I was actually working at my first job putting together bankruptcy exit plans for a failing airline the year our protocol’s intern was born. After a bit of a panic and checking to see if my address was updated so I’d receive my AARP card (yes – I’m exaggerating), […]

ERROR DENVER – “I think Uniswap Labs is doing a great job,” Joseph Delong, founder of a forthcoming DeFi project called Astaria said during a talk at ETHDenver 2022 on Friday. That the team who built Uniswap v3 has done strong work wouldn’t really be controversial across much of the crypto space, but Delong is […]

ERROR DENVER — CryptoPunks are relatively old, as far as Ethereum history goes, but the notion of punks as a community is newer. Tegan Kline, co-founder of Edge and Node, a blockchain data company, told The Defiant about a 50-plus punk breakfast that took place Sunday morning toward the end of ETHDenver 2022. “Many said […]

ERROR After the pseudonymous Sifu was revealed to be QuadrigaCX co-founder Michael Patryn last month, it would be easy to expect him to leave DeFi behind.  That’s not the case though, as the former CFO of Frog Nation, a Daniele Sesta-led network of DeFi projects, has now launched a token. The ticker? $SIFU. The former […]

ERROR Hashflow, a decentralized exchange offering protection from MEV, has launched on Ethereum’s leading Layer 2, Arbitrum. The rise of decentralized finance brought with it the unsavory practice of Maximal Extractable Value (MEV). MEV is when miners and other validators manipulate the order of transactions in a network’s blockchain to extract profits.  As much as […]

ERROR Bidding for Polkadot’s tenth parachain lease auction has begun, with teams competing for an early seat at the table in building out Polkadot’s burgeoning ecosystem. Ethereum co-founder Gavin Wood founded Polkadot in 2016 to realize his vision for a sharded Proof-of-Stake blockchain ecosystem. While Polkadot’s relay chain completed its mainnet launch during May 2020, […]

ERROR This was supposed to be the Cosmos’ ecosystem banner year. And in a way, it already is.  By itself Terra, a blockchain built using the Cosmos SDK (software development kit), is the No. 3 ranking chain in total value locked (TVL) terms at $17.32B as of Feb. 16, according to DeFi Llama.  TVL is […]