Tag: Protocol
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6 Best Altcoins To Invest In Right Now – XRP, Solana, Perpetual Protocol
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin, the world’s largest digital asset, had been locked in a narrow trading range for several months until a significant drop in mid-August pushed its price below $26,000. Traders attributed this decline, in part, to rising bond yields, which reached…
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Mysterious Owner Of Second-Largest Ethereum Wallet Exposed By DeFi Protocol
[ad_1] Grayscale is known to be one of the largest holders of the flagship cryptocurrency, Bitcoin. However, a recent report by crypto analytics platform Arkham Intelligence suggests that the asset manager could also be the entity with the second-largest Ethereum holdings. Grayscale Holds Close To $5 Billion In ETH Arkham tweeted that it “identified” the…
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Base Again? DeFi Protocol Disappears With $460,000 In Rug Pull
[ad_1] SwirlLend, a lending protocol based on Layer 2 networks Base and Linea, has seemingly executed a rug pull, disappearing with an estimated $460,000 in user funds. According to reports, the project developer drained $290,000 from Base and $170,000 from Linea. This incident is the second significant exit scam executed on the Base network in…
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This NFT Investor Bought 50 NFTs For Free Using A Faulty Lending Protocol
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The non-fungible token lending market continues to gain massive adoption among investors and has recently surged to record-breaking highs not seen since the apex of the 2022 bull market. Since every innovation comes with advantages and disadvantages, we will dig in-depth…
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Maverick Protocol Announces $9m Funding Round, Backed By Binance and Coinbase
[ad_1] Maverick Protocol, a provider of Decentralized Finance (DeFi) infrastructure, has completed a funding round, raising $9 million. Founders Fund, an American venture capital firm, led the funding. It was also supported by other prominent Venture Capitalists (VCs) firms such as Binance Labs, Coinbase Venture, Pantera Capital, and Apollo Crypto. Maverick Protocol To Focus On…
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Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z Crypto
[ad_1] With its newest spherical, Gensyn has raised greater than $50 million and the corporate mentioned it will use the contemporary capital to speed up the introduction of the protocol and to broaden its workforce, together with the addition of protocol and machine studying engineers. Outstanding funding corporations CoinFund, Canonical Crypto, Protocol Labs, Eden Block…
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MakerDAO Is The Most Expensive DeFi Protocol To Run, Requires Millions
[ad_1] MakerDAO, a decentralized cash market on Ethereum for customers to borrow and lend property, together with ETH, spends $27.66 million yearly to maintain the protocol operating, DeFiLlama knowledge on Could 31 exhibits. This sum of cash is utilized to cowl bills akin to taking good care of the 97 people accountable for sustaining the lending…
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Bitcoin Developer Introduces Ark, A Layer 2 Protocol For Fast And Efficient Payments
[ad_1] A Bitcoin developer by the title of Burak just lately unveiled Ark, a Layer 2 protocol designed to allow quick and safe transactions. In accordance with a put up on the Bitcoin dev mailing listing, Ark presents an alternate scaling method that enables customers to ship and obtain funds with out liquidity constraints, making…
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NFT Marketplace Looksrare Launches Version 2, Cutting Protocol Fees by 75% and Introducing Bulk Purchases – Bitcoin News
[ad_1] Looksrare, the non-fungible token (NFT) market, has launched model two, often known as v2, which reduces protocol charges by 75%. In line with statistics from Dune Analytics, Looksrare was the tenth-largest NFT market by way of dealer depend in the course of the previous week. NFT Market Protocol Looksrare Launches v2 NFT market Looksrare…