The price of Polygon (MATIC) has at press time dropped by around 2.4%, after hitting a new all-time high above $2.5, in a day in which the broader cryptocurrency market is crashing and bitcoin itself has already lost 16% of its value. According to available price data, Polygon is currently trading at $2.07 and has […]

Last Sunday, $10.85 million worth of Binance USD was drained from one of the vaults of cross-chain decentralized finance (DeFi) yield farming platform bEarn Fi as it fell victim to an exploit on its smart contract. In response, developers of bEarn assured reimbursement and additional compensation for all users affected by the exploit. The team behind the […]

The post Recently hacked bEarn Fi reveals compensation plan for users appeared first on BitcoinerX.

Crypto investment firm Pantera Capital is predicting that Bitcoin will keep losing dominance as a large-cap crypto asset surges and absorbs a significant part of the market. In a blog post, Pantera shines the spotlight on Ethereum, which the venture capital firm says will continue rising on the back of massive fundamental catalysts. “The ratio […]

The post Major Market Realignment Between Bitcoin and Ethereum Underway, According to Crypto Investment Giant Pantera appeared first on The Daily Hodl.

Venus Protocol faced massive liquidations of over $200 million on Wednesday due to possible price manipulation of its native XVS token.

The post Binance Smart Chain’s Venus Protocol saw $200 million in liquidations. Here’s why appeared first on The Block.

Quick Take

• The rise of DeFi has enabled projects to launch, build teams, and attract capital from anywhere in the world
• The headquarters and legal domiciles of registered DeFi companies often provide insight into both team demographics and strategy as they transition toward decentralization
• Targeted strategies for specific geographies can ultimately have a significant effect on the international makeup of protocol users

China’s leading blockchain network to fund startups willing to develop on it.

CMB International, a wholly-owned subsidiary of China Merchants Bank, and China-based Nervos Foundation have jointly launched a $50 million blockchain fund.

The post China Merchants Bank subsidiary and Nervos Foundation launch $50 million blockchain fund appeared first on The Block.

A cryptocurrency analyst and influencer known on social media as “SmartContracter” has revealed he is “basically all in” on decentralized finance (DeFi) tokens and Ethereum now, and has “literally 0 BTC.” The analyst revealed his position on the microblogging platform Twitter amid a series of tweets revealing he is bullish on Ethereum and some decentralized […]

The CEO of Chainlink Labs Sergey Nazarov is saying the nascent decentralized finance (DeFi) space could emerge as a primary competitor of banks and financial technology (fintech) firms. In a roundtable discussion at the LendIt Fintech Conference, the co-founder of the oracle solutions provider says that DeFi is not going away and will likely capture […]

The post This Crypto Subsector Coming for Banks and Fintech, Says Chainlink Founder Sergey Nazarov appeared first on The Daily Hodl.

May 18, 2021 – New York, New York BENQI, an algorithmic money market protocol built on Avalanche’s C-Chain, is integrating Chainlink price feeds to ensure security of its protocol and resilience against flash loan attacks. Using secure oracles is a key component for creating secure lending protocols, which rely on external price sources to determine […]

The post BENQI Integrates Chainlink Price Feeds on Avalanche Mainnet To Secure Lending Protocol appeared first on The Daily Hodl.

To say the cryptocurrency bull market is in full swing would be somewhat of an understatement. The average cryptocurrency gained a whopping 696% in the last year alone, while some coins have gone much further, including Shiba Inu (SHIB) and Kishu Inu (KISHU) — which pulled in 874% and 3766% alone in the last two …