DeFi, ICO and Invest News

2024-04-27 17:34:01 Daily Gainers List

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2024-04-27 06:41:59 AI-powered DeFi platform secures $10M investment with upcoming DAO

NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits.

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2024-04-26 18:43:05 Daily Gainers List

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2024-04-26 08:52:01 Polygon leads in EVM efficiency as DeFi users favor low transaction costs

Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from.

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2024-04-25 23:04:06 We choose only top projects

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2024-04-23 10:52:01 Umoja Integrates Portal DeFi Enabling Trustless Swapping of Lower Risk, Higher Yield Assets on Bitcoin

Umoja, the world's first DeFi protocol to structure low-risk, high-yield digital assets, today announced an integration with Portal DeFi, the world's first trust-minimized Layer 2 cross-chain swaps protocol that involves no bridges, custody, or wrapping. The partnership will integrate Bitcoin’s first high yield synthetic dollar, USDb, and the native $UMJA token into the Portal DEX Network, making it one-click, cross-chain tradable with Native BTC, BRC20s, and native assets on various chains.

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2024-04-21 19:24:23 Daily Gainers List

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2024-04-20 19:01:57 Ethereum aims for $1 billion annual profit as DeFi gains momentum in Q1

Ethereum is on track to reach a $1 billion annual profit, driven by the surge in decentralised finance (DeFi) activities and the network's robust performance in the first quarter of 2024. In a report by Michael Nadeau, an analyst at The DeFi Report, released on April 17, Ethereum's Q1 income reached an impressive $365 million, representing a 155% year-on-year quarterly revenue growth and a remarkable 200% increase compared to the $123 million profit recorded in Q4 2023.

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2024-04-10 11:25:17 Filecoin’s Second Largest DeFi Protocol Team Under Investigation by Chinese Authorities

STFIL, a leadership liquid staking platform for Filecoin (FIL), finds itself caught up in controversy white its core technical team faces investigation by local Chinese authorities. The platform has hired lawers to assist the individuals currently in detention. In an official state, the STFIL disclosed that while the core technical team was under determination, FIL tokens on the platform were transferred to an "unknown, external address."

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2024-04-09 20:29:01 Portal DeFi Announces Plans to Integrate Stacks into Portal DEX and Enable Cross-Chain sBTC Trading

Portal DeFi, the first trust-minimized, Layer 2 cross-chain that involves no bridges, custody or wrapping, today announced plans to integrate with Stacks, the leading Bitcoin Layer 2 technology that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The integration will bring sBTC, a 1:1 Bitcon-backed asset on the Stacks layer that enables smooth movement of BTC from Layer 1 to Layer 2 and back while remaining decentralized, to the Portal DEX Network.

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