Tag: DeFi

DeFi platform Elixir secures $7.5M in hack VC-led series a funding

Decentralized Finance (DeFi) platform Elixir has successfully garnered $7.5 million in a Series A funding round steered by Hack Venture Capital. As announced by Elixir on their X, the significant investment has inflated Elixir’s valuation to an impressive $100 million. Key investors in the Series A round included AngelList Ventures, NGC Ventures, Bloccelerate, Hudson River […]

Uniswap expands DeFi reach with Android Ethereum wallet launch

Decentralized finance (DeFi) platform, Uniswap, has introduced its mobile Ethereum wallet for Android, following its iOS release several months ago. The wallet is currently in its beta testing phase, with the broader user community invited to participate in its refinement. Uniswap’s Twitter indicates an existing waitlist of 35,000 users. As part of this launch, Uniswap […]

Friend.tech: The Future of Tokenized Social Media or Fading Trend?

The social trading app, friend.tech, has garnered over 100,000 users within two weeks of its release, sparking a debate within the crypto community about its longevity. friend.tech creates tradable tokens that correspond to users’ profiles on the X social media platform. Owning someone’s token grants access to a private chat room with them. The project’s […]

Crypto veteran reveals next 100x opportunities for investors

Venture capitalist Arthur Cheong, the founder of DeFiance Capital, predicts that the next 100x opportunities in the crypto space will be found in projects that lack significant venture capital (VC) backing and are not traded on centralized exchanges (CEXes). He believes that crypto projects without VC investment and CEX listing will offer the greatest gains. […]

Quixplained: Why Shiba Inu is tanking 8% Today

SHIB, BONE, and LEASH tokens have experienced a significant dip in price following the launch of Shibarium, a layer 2 scaling solution for the Ethereum network. Rumors are swirling about a major technical error in the new network, which may have contributed to the decline. Crypto Shorts: Shiba Inu token holders were hopeful that the […]

Quixplained: What Shibarium Going Live Means For You?

Shiba Inu has launched Shibarium, its much-anticipated Ethereum layer-2 blockchain network, aimed at positioning itself as a serious contender in the decentralized finance (DeFi) space. Shibarium, built on top of Ethereum, offers faster and cheaper transactions for users. With over 21 million wallets created during its testnet phase, the network’s launch is expected to see […]

Decentralized Finance Protocol Zunami Falls Victim to Major Price Manipulation Attack

Blockchain security firm PeckShield has estimated that the Zunami Protocol suffered a loss of over $2.1 million in a recent attack on its stablecoin pools. The exploit was discovered by PeckShield on August 13th, with Zunami confirming the attack shortly after. The attack was attributed to a price manipulation issue. Ironblocks, another blockchain security firm, […]