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“# BitPay wallet integrates 1inch Network DEX aggregator ” 1inch Network, a major decentralized exchange (DEX) aggregator and automated market maker, is broadening its reach by partnering with the veteran crypto wallet provider BitPay. The two companies announced today that 1inch’s DEX aggregation functionality will from now on be available for all users of the…
“# MetaMask surpasses 10M monthly active users as DeFi continues to surge ” Ethereum wallet and browser extension MetaMask achieved another major milestone in August, as its monthly active userbase topped 10 million for the first time, further highlighting the growing demand for DeFi assets. MetaMask credited a confluence of factors for its exponential growth,…
“# Fantom price gains 100% after launching a 370M FTM incentive program ” The Ethereum (ETH) network continues to enjoy the status of being the top smart contract platform in the blockchain industry, but the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol. One project…
“# Leading DeFi projects launch $100M global adoption initiative ” A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.” The DeFi applications involved in the project — AAVE, SushiSwap, Curve, 0x and PoolTogether, amongst others — will together provide up to $100…
“# Cream Finance DeFi platform loses $19M in a flash loan hack ” Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a major exploit, with a hacker stealing nearly $19 million from its platform. An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of…
“# Beleaguered DeFi project xToken suffers second major exploit since May ” The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product. On Aug. 29, the xToken team reported that the attack had resulted in roughly $4.5 million worth of…
“# Crypto wallets: An important battlefront to gain wallet share and mind share ” Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and…
“# Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin ” Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network’s high transaction fees and delayed confirmations. One…
“# Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance. ” The rise of decentralized finance and nonfungible tokens has transformed the blockchain ecosystem and generated near unimaginable riches for investors, but none of this would be possible without the strong foundation offered by layer-one blockchain networks like Bitcoin and Ethereum. Smart contracts and layer-two…
“# Jack Dorsey discusses plans to build a decentralized exchange for Bitcoin ” Square CEO Jack Dorsey said that the platform’s latest Bitcoin venture would be developing a decentralized exchange. In a Friday tweet, Dorsey said that TBD — either referring to the fact the business’ name is to be determined or simply the name…