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“# Crypto baffles mainstream media, but should blockchain advocates care? ” The relationship between crypto and mainstream media (MSM) is complex, and it’s probably fair to say that some in the crypto community haven’t been overjoyed with the treatment they’ve received over the years. MSM has largely ignored Bitcoin (BTC) and other cryptocurrencies outside of…
“# Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens ” Uniswap (UNI) prices staged a solid rebound after crashing last week in the wake of China’s decision to intensify its anti-Bitcoin and cryptocurrency rhetoric. UNI price gained 14.90% on Mon to reach an intraday high of $26.26….
“# Cardano to enable new DeFi stablecoin with Coti ” A new stablecoin is arriving on the Cardano blockchain to provide a tool for decentralized finance (DeFi) operations and avoid transaction fees. Cardano’s payment gateway provider Coti will be the official issuer of Djed, a new DeFi-focused stablecoin for the Cardano network, Cardano founder Charles…
“# DeFi and Web 3.0: Unleashing creative juices with decentralized finance ” Decentralized technologies are starting to revolutionize the world of finance, with cryptocurrencies applied in different ways to recreate traditional financial instruments. However, since cryptocurrencies aren’t backed by anything but people’s faith in them, they are extremely volatile. That means, when it comes to…
“# Altcoin roundup: There’s more to DeFi than just providing liquidity ” The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started…
“# Avalanche recovers from Evergrande-led sell-off as AVAX rebounds over 30% ” Avalanche (AVAX) prices recovered on Sept. 22, paring a portion of losses that hit cryptocurrencies at the beginning of this week, led by worries about potential contagion in China’s housing market. The AVAX/USD exchange rate surged by as much as 12.05% to log…
“# SushiSwap leads DEX token gains as SUSHI price rises by 23% in 24 hours ” SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair’s…
“# New fund aims to put hundreds of millions toward Algorand DeFi growth ” Decentralized finance, or DeFi, has developed significantly over the past two years. The Algorand Foundation has unveiled a new fund positioned to allocate money toward certain DeFi projects looking to build on its native blockchain. The pool of capital is called…
“# SubQuery raises $9M for Polkadot data protocol ” Decentralized data aggregator SubQuery has concluded a $9 million funding round to build Polkadot’s first data aggregation layer, a move that could strengthen data indexing for the emerging interoperability network. The investment funds will be used to continue building SubQuery’s data indexing infrastructure for all Polkadot…
“# SOL price nears $200 after FTX’s Solana-enabled NFT marketplace goes live ” Solana (SOL) bulls have largely ignored its overvaluation risks as the blockchain asset goes after another milestone price level. The SOL/USD exchange rate almost reached $200 on Sept. 7 as investors continued to treat Solana as a long-term competitor to Ethereum, the world’s…