On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached $22.48 billion, up 48.8% over…
The promise of a longer and healthier life has dominated both cultural and medical discourse for centuries. From the first accounts of Nicolas Flamels philosophers stone granting immortality to the latest superfood that promised to reverse aging, we are captivated by the idea of a longer and more vibrant life. Encouragingly, the longevity sector has proven that a longer and…
HIVE Blockchain ordered 6,500 bitcoin mining machines from Chinese maker Canaan. The purchase builds on the two firms’ partnership which has sent the Canadian miner over 10,000 machines this year. HIVE expects to reach 2 EH/s BTC mining capacity by the end of 2021. Bitcoin miner HIVE Blockchain has secured another purchase order of Canaan machines, the manufacturer announced in…
Ubisoft, one of the worlds largest video gaming organizations responsible for creating popular franchise games such as Assassin’s Creed, Far Cry, and For Honor hosted their Q2 earnings call this week, where blockchain was a key topic of discussion. Alongside reporting a 15% increase of unique active players in the first half of the year compared to 2020, and that…
Welcome to the latest edition of Cointelegraphs decentralized finance (DeFi) newsletter. The DeFi space was full of fundraising this week. Read on to discover where the venture capital firm led by Reddits co-founder is making notable investments. What youre about to read is the smaller version of this newsletter. For the full breakdown of DeFis developments over the last week,…
A number of states in the United States, including Kentucky, Texas, Alabama, Vermont, New Jersey and, most recently, New York have been cracking down on crypto lending. Depending on ones perspective, these can amount to acts of collective desperation or a foretoken of things to come. Asked about the clampdown on crypto lending firms like BlockFi and Celsius, Firat Cengiz,…
The NBA team Dallas Mavericks has partnered with crypto platform Voyager and is offering its fans a $100 bonus in bitcoin to sign up and trade crypto on the partnered platform. “We’re going to come up with new ways to introduce Mavs fans to cryptocurrency and help them understand it,” said Mark Cuban, the owner of the Dallas Mavericks. Dallas…
This story comes out of PubDAO, a decentralized news wire. NFT collectibles can rapidly create communities around a shared interestor a cause. And the most pressing cause in cryptoland recently has been preparation for increased U.S. government regulation. Thats why one group took the millions of dollars it earned from NFT sales last month and gave it to a key…
CMCC Global, a Hong Kong-based venture capital firm, is seeking as much as $300 million for its latest crypto fund. To achieve its goal, CMCC is attracting several investors, including crypto exchange Gemini founders Cameron and Tyler Winklevoss and billionaire Richard Li, Bloomberg reported on Friday. According to Charlie Morris, the co-founder of CMCC, a portion of the new crypto…
A new token inspired by popular Netflix show Squid Game has posted 45,000% growth in a few days after launch earlier this week, but multiple investors are reportedly unable to sell the token. The cryptocurrency community has been accusing the Squid Game (SQUID) token of being a scam amid reports that some investors are not able to withdraw the token…
