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“# Ribbon Finance gains 60% after V2 launch and Avalanche integration ” Decentralized finance (DeFi) was one of the breakout sectors of the cryptocurrency market in 2021 and stands poised to continue to facilitate the mass adoption of cryptocurre in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0. One…
“# Altcoins turn bullish even as Bitcoin price slips below $46K again ” The mood across the cryptocurrency is one of growing anticipation as the price of Bitcoin (BTC) continues to trade just below $47,000. The sideways price action has analysts warning that an “explosive volatility period” is rapidly approaching but few have been willing…
“# Binance Labs leads $12M round for DeFi platform WOO Network ” Decentralized finance (DeFi) liquidity provider WOO Network has secured additional funds in a Series A funding round. Incubated by quantitative trading heavyweight Kronos Research, WOO Network has pocketed an additional $12 million strategic investment in a a Series A+ funding round led by Binance…
“# Grayscale rebalances DeFi Fund dropping Balancer (BAL) and UMA ” Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi Fund and adjusted weightings of its Digital Large Cap Fund. A Jan. 3 announcement detailed the changes Grayscale made to its two funds. The DeFi Fund’s weightings have been rebalanced with AMP, the native…
“# Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin ” Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013…
“# DAOs are the foundation of Web3, the creator economy and the future of work ” Decentralized autonomous organizations (DAOs) started out as a simple concept envisioned as organizations, created by an idea and fueled by developers, that automate business functions and processes by leveraging smart contracts and all the fundamental tenets of blockchain. The…
“# VCs don’t understand that Cardano has a community: Charles Hoskinson ” In a recent YouTube video, Charles Hoskinson highlighted the rapid growth of the Cardano (ADA) ecosystem while clarifying the concerns raised by other members of the crypto community over the past year. “We live in a world where arbitrary groups of people get…
“# Cointelegraph Consulting: Crypto events of 2021 in retrospect ” The year 2021 is coming to a close, and if there’s one way to describe how the cryptocurrency industry fared in the past 12 months, it would be momentous growth. Major cryptocurrencies shattered previous records, adoption grew, new sectors sprouted, and novel blockchain use cases…
“# Airdrop culture could pose integral threat to DeFi industry ” EtherWrapped, a project designed to provide a yearly summary of users nonfungible token (NFT) activity, launched a little over eight hours ago to palpable fanfare within the crypto community. The website detailed a plan to airdrop YEAR tokens based upon quantitative engagement statistics in users’…
“# Cross chain DeFi hub Umee raises $32M with Coinlist token sale ” Cross chain DeFi hub Umee’s token sale on Coinlist has broken the record for user interest on the platform and concluded with nearly $32 million raised. Coinlist reported that more than 922,000 Coinlist accounts had registered for options 1 and 2 of…