DeFI News & Alerts

2022-01-28 10:12:49 JPMorgan Closes Uniswap Founder's Accounts

Big banks shouldn't publicly discriminate against the crypto industry they hate so much, but they can act sneakily by not allowing crypto clients to have accounts with them.

That's exactly what just happened to Uniswap founder Hayden Adams, according to a Jan. 23 tweet.

"This week JPMorgan Chase closed my bank accounts without notice or explanation. I know many people and companies who have also been attacked simply for working in the crypto industry. Thank you for making this personal," Adams wrote.

It would have been the perfect way for banks to crack down on crypto users without too much fuss. It was suggested by former Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz:

"Probably shady crypto debunking by Federal Reserve bank supervisors or the Office of the Comptroller of the Currency at the behest of the top," he reported. Open / Comment

2022-01-23 13:21:36 Stader Labs raised $12.5 million in a strategic round

Stader Labs, a crypto firm that develops decentralized finance or DeFi products for proof-of-ownership blockchain networks, announced Thursday that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com investors, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and anger. Thus, Staber Labs is valued at $450 million.

Amitay Gajala, CEO of Stader Labs, commented on the development as follows:

"This capital will be strategically used to accelerate the development of our interconnect extension as well as to develop our growing ecosystem of third-party developers building stacking applications with Stader's decentralized infrastructure." Open / Comment

2022-01-16 09:38:09 Investors withdrew over 203,000 ether from exchanges in a week

The price of ETH has risen almost 3.5% to $3342 in the last 24 hours. The largest altcoin is capitalized at ~$398.672 billion on Thursday, January 13.

According to the ViewBase platform, investors withdrew 203,147 ETH totaling up to $682.997 million from centralized crypto exchanges during the week.

The ETH exchange balance fell to 11.6% of the cryptocurrency's total market supply in mid-January. Analysts view such data positively, as reduced supply of the asset eases pressure on it from sellers. This should have a positive effect on the value of ether amid growing demand.

Currently, the lion's share of the altcoin is placed on Coinbase, Binance and Gemini platforms - 6.34 million, 2.13 million and 1.79 million coins, respectively. Coinbase and Binance hold 46.16% and 15.57% of the ETH exchange balance as percentages. Open / Comment

2022-01-14 09:01:26 Ethereum has lost more than 17% in the last week

The price of Ethereum fell below $3,100 overnight, continuing the decline that began on Wednesday afternoon. In recent days, ETH has hovered around $3,200.

This week, the big drop in Ethereum and Bitcoin followed the disappointing US employment report for December and the publication of the minutes of the December meeting of the Federal Reserve Board, which signaled that the central bank will begin to slow down measures to support the economy.

Ethereum set a new historical record when it broke the $4,850 mark on November 10, and maintained this strength until December before rolling back towards the end of the month. Even taking into account the late decline, Ethereum ended the year much better than it started: in January 2021, the price of ETH was a little more than $ 1,000.

As with any long-term investment, experts advise ignoring the ups and downs. Open / Comment

2022-01-08 23:55:49 Vitalik Buterin: "Etherium 2.0 is only 50% ready"

Vitalik Buterin, the co-founder of Etherium, spoke about the development of the second cryptocurrency during his two-hour podcast Bankless. According to him, the readiness of the new version does not exceed 50%.

Buterin stressed that to achieve maximum scalability and decentralization, Etherium needs to become more flexible and easier in terms of data in the blockchain. This will allow more people to run full nodes of Etherium and consequently make the network more decentralized. Right now, 2.6 Mbytes of data per second pass through the Etherium network.

The project team is now working on the merger phase - a full transition to Proof-of-Stake (PoS) consensus. The transition should be completed in the first half of this year. The second stage will be to increase scalability and bandwidth on the Etherium network. Open / Comment

2022-01-03 10:21:52 Euroswap EDEX prepares to join the listing calendar from Coinmarketcap

Coinmarketcap has long established itself as one of the most reliable mass auditors of crypto projects. The average investor has a 50% chance of investing in a good project, while the chances of success for new coins from the CMC list increase to 60-70%.

That's why most investors are waiting for projects to be registered on Coinmarketcap. And now Europe's first decentralized exchange (DEX) EuroSwap says it is waiting for the application to be approved and after that to appear on the cherished Coinmarketcap list.

The developers of the project EDEX previously said that after the Priority Session for early investors they will take care of project security. This meant that the team would get all the technical and marketing details of the project so that EuroSwap could be easily audited by reputable companies. Open / Comment

2021-12-24 10:09:17 Astra Protocol raises $9 million for decentralized compliance

Astra's initiative aims to provide DeFi smart contracts with a fully decentralized compliance layer that offers both AML and KYC capabilities. In addition, the compliance layer can help address any real compliance issues with the help of different but well-known law firms.

Astra Protocol co-founder Arthur Ali commented:

"ASTRA is the key to DeFi's future. It will allow us to open the next avenue of growth in the industry, allowing for more interoperable practices in many countries and ensuring the continued participation of large traditional organizations. Our globally patented technology will allow DeFi to continue its growth seamlessly, while increasing regulatory confidence without sacrificing decentralization." Open / Comment

2021-12-20 08:22:38 Genius Yield raised $118 million through ISPO in the first 48 hours

On December 15, Genius Yield (GENS), a decentralized automated market maker and liquidity management protocol based on the Cardano blockchain (ADA), announced the launch of its initial share pool offering, or ISPO.

One of the four GENS pools was almost completely filled in just two days.

The fundraising will continue for six months until June 15, 2022. At the time of publication, more than 95.8 million ADAs, worth about $118 million at the time of writing, have been delegated to betting pools.

These funds will be used in part to create a solution that will allow users to use advanced algorithmic trading strategies and yield optimization on the Genius Yield platform. Open / Comment

2021-12-18 12:14:16 Celebrate Bybit’s 3rd Birthday and win an iPhone 13 and 50,000 USDT!

10 lucky Bybit users will win a brand new iPhone 13 worth 1,000 USDT, while another 500 users will be rewarded with 100 USDT each.

All you need to do is join Bybit's communities via Gleam.
Learn more in Bybit’s telegram community Open / Comment

2021-12-12 13:56:55 After Solana's DDoS attack, analysts criticized Proof-of-Noise

After the fifth-largest blockchain was subjected to a denial-of-service (DDoS) attack that temporarily blocked the network and caused delays in operations, Solana's business got better.

Yesterday Solana suffered another DDoS attack. This attack exploited fundamental design flaws inherent in SOL, as it sacrifices decentralization and security for speed, ignoring the consequences of this compromise with Proof of Histoire, investment company CIO Justin Bones said.

The cryptography underlying the network may have flaws, including flaws that affect the functionality of the Solana network or make it vulnerable to attack," Groussale Investments said. Open / Comment