Tag: finance and funding

Jul 16 2021

Op-Ed: Are DeFi DAOs Really That Decentralized?

Recent shenanigans at Uniswap have raised further questions regarding the true nature of decentralized autonomous organizations in the crypto industry. By design, a DAO should be automated and decentralized, acting without a typical management structure or board of directors. However, that does not appear to be the case with some of the larger...

Jul 12 2021

DAFI Protocol Suffers Exploit – Loses $200,000

Decentralized finance (DeFi) protocol, DAFI, has suffered an exploit leading to the loss of $200,000 of its native token (DAFI). DAFI Protocol, via its official Twitter handle, disclosed the exploitation of its ChainSwap Bridge by unknown hackers. As a result of the hack, $200,000 DAFI was stolen, and the token has slumped by 22.8% in the last 24 hours....

Jul 09 2021

Top Upcoming Crypto Moonshot Projects – Part 3

In the previous parts of our “Top Upcoming Crypto Moonshot Projects” series, we introduced you to 11 crypto projects that are in their embryonic stages but are at the brink of making it big. It must be noted that our methodology to identify crypto moonshot projects does not solely depend on the price action. The projects we identify as the next crypto moonshots...

Jun 23 2021

Crypto.com Capital Invests in HoDooi.com

Crypto.com Capital, the investment division of leading cryptocurrency exchange, has invested in newly created multi-chain non-fungible token (NFT) marketplace, HoDooi.com. Crypto.com Capital which is focused on investing in crypto start-ups at Seed/ Series A stages will also extend its support beyond funding. According to the report, Crypto.com Capital team will help integrate HoDooi.com network onto...

Jun 16 2021

Cryption Network Staking, Farming Now Live

Cryption Network, a decentralized platform that focuses on tackling the challenges hindering cryptocurrency adoption have announced the launch of staking and farming feature on its network. Announcing the launch via an official blog post, Cryption network noted that its native token holders can now earn rewards from staking CNT on its platform. Scheduled to start rewarding users from June 15, 2021 Cryption Network...

Jun 13 2021

0x Targets 1M New Users With Polygon Integration

In a move to improve decentralized finance (DeFi) adoption, Polygon (formerly Matic) has allocated $7 million in MATIC to the 0x Community DAO to boost the growth of the project on its network. According to the announcement, 0x, a liquidity aggregator will also donate $3.5 million in its native token (ZRX) to the 0x DAO. 1/...

Jun 10 2021

This Defi Startup Unbounds The Locked AMMs Liquidity

Unbound Finance plans to become the world’s first-ever decentralized cross- chain stablecoin is one step closer to become a reality as it completes a recent funding round. Unbound Finance in a press release shared with Altcoin Buzz disclosed that it has raised $5.8 million from several top crypto VCs and Angel investors. Participants in the fundraising event include top players in the crypto space...

Top 4 Kusama Crowdloan Projects

The Kusama parachain crowdloan auction, wherein interested projects can bid to book a slot, is currently ongoing. Kusama (KSM) is well-known as a canary network of Polkadot, strategically designed to cater to the needs of designers and developers looking to test implementations and experimentations. These tests are usually very important before the official launch of these features on the mainnet. It is crucial...

Jun 08 2021

Top Upcoming Crypto Moonshot Projects – Part 2

As discussed in “Top Upcoming Crypto Moonshot – Part 1”, the intent of this series is to introduce our readers to the ground-breaking upcoming crypto projects. Interestingly, it is very important to pay attention to these projects right now. Here is why! From a product development perspective, these projects are at a very good stage. More importantly, these potential crypto moonshot projects are...

Jun 03 2021

Top Upcoming Crypto Moonshots – Part 1

With so many altcoin projects mushrooming, it is becoming increasingly difficult for an average investor to find out undiscovered coins that hold moonshot potential. The key goal of this article is to unveil the crypto moonshots that have recently lurked under our radar. Project #1:...

May 27 2021

Staking Rewards Completes Seed Funding Round

Staking Rewards is set to launch its Staking Provider Registry as well as several other amazing features. This is all due to its recently completed external seed funding round. The recently completed seed funding round, according to a press release shared with Altcoin Buzz, will help Staking Rewards launch the "Trustpilot of Crypto". The independent data aggregator and research platform will now be...

May 26 2021

Bright Star Studios Secures Funding For ‘Ember Sword’ Game

Bright Star Studios has announced the acquisition of over $2 million in funding from several leading investors for its forthcoming Ember Sword game. Ember Sword is a free-to-play MMORPG (massively-multiplayer online roleplaying game), and Bright Star Studios gets this investment ahead of the game’s first Solarwood land sale of 12,000 plots on May 27th. Notably, a number of top...

Huge Yields Available on New DEX CoinSwap Space

The Binance Smart Chain has a new decentralized exchange. CoinSwap Space is a suite of DeFi products that allows users to add to liquidity pools, yield farm, and swap tokens for low prices. Currently, CoinSwap is adding new token pairs and offering huge yields for people who will stake their tokens. This is especially true for users staking their token pairs early on....

May 20 2021

5 Profitable Coins in This Market Crash

Crypto markets are continuing their downward slide. However, this has happened many times before, and there is nothing different about this market crash. An overheated market and a good dose of FOMO have driven many altcoins to new peaks over the past month or two. Naturally, those that rose the fastest are also likely to fall the fastest. But one thing is for...

May 17 2021

Top 5 Low Cap Coins on Binance Smart Chain (BSC)

Binance Smart Chain's daily transaction count is going ballistic. In less than a year, the daily transaction count went up from 38 (August 30, 2020) to 11 million (May 14, 2021). Meanwhile, the daily transaction count on Ethereum, the first-ever smart contract platform on May 14 was somewhere close to...

Elon Musk Runs Twitter Poll on Tesla Adopting Dogecoin

Elon Musk recently carried out a poll on Twitter asking followers whether Tesla should accept Dogecoin, a cryptocurrency. The decision by Elon Musk to set up a Twitter poll joins a long train of support for Dogecoin (DOGE) by the “Dogefather.” Do you want Tesla to accept Doge? -- Elon Musk (@elonmusk)...

May 15 2021

Will eBay Embrace NFTs and Crypto?

eBay, the massively popular online auction site, might be moving into the cryptocurrency space. The auction site recently revealed plans that it is considering plans to allow cryptocurrency payments. As for non-fungible tokens (NFTs), eBay is now allowing them to be sold. The auction site is reportedly evaluating adding Bitcoin and other cryptocurrencies as a new form of payment to...

May 13 2021

Op-Ed: 3 Reasons Why Elon Musk’s Dogecoin Pumping is Bad For Crypto

There is little denying that one man has single-handedly been responsible for Dogecoin’s rise from obscurity to become the fifth-largest digital asset on the planet. However, that is not necessarily a good thing for the wider industry. Since the beginning of April, DOGE has been pumped over 1,150% for no reason other than the words and tweets of Elon Musk. From surreptitious Shiba...

May 12 2021

How Institutions Have Been Driving the Ethereum Rally

Ethereum has outperformed Bitcoin by a massive margin so far in 2021, and it has been largely down to institutional interest. There are several factors that can induce and propel a crypto asset to new highs. For Ethereum, institutions have played a major role this time around. The CEO of industry analytics provider CryptoQuant, Ki Young Ju, has correlated Ethereum’s parabolic rise...

May 08 2021

ETH 2.0 Staking Platform Lido Enjoys Huge Token Sale Payday

Ethereum staking platform Lido has announced the completion of a token sale that has netted it $73 million from some of the biggest names in venture capital. According to the token sale proposal, 30 million LIDO tokens were sold in two batches. This sale fetched a total of 6,480 ETH, or $22 million. It added that this sale...

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