The latest hack on May 7th at 07:41:39 PM +UTC has drained 11M USD from the vSwap contract liquidity pools, making it the platform's third exploit. The ecosystem is threatened with this type of event becoming rampant in recent times.
Wault Finance has announced that 100% of WSwap's trading fees will move to buy back and burn WEX. Currently, the protocol will use approximately $32,000 to buy and burn WEX daily — 0.02% of the daily trading volume.
The UFC plans to take advantage of this interest by releasing their own NFT through Chiliz
Summary: The world’s largest Mixed Martial Arts fighting tournament, the UFC (Ultimate Fighting Championship), plans to launch its own $UFC fan engagement token in cooperation with Chiliz on the Socios.com website.
The market cap of Fantom ($FTM) has exceeded $2 billion with expectations of reaching its previous high of $0.8444 per $FTM any day. The Ethereum Virtual Machine (EVM)-compatible blockchain allows transactions to be completed in 1 second, meaning that it is a premier choice for developers. The question now is: will this growth be continued across other EVM projects?
On May 4th, BreederDODO announced the launch of DODO NFT. DODO NFT aims to help small investors and collectors in the NFT ecosystem overcome their inability to purchase their most desired items due to prohibitive prices. DODO NFT will fractionalize NFTs to reduce investor costs, meaning that NFTs will be available to a wider purchase base.
After a successful launch of its first-ever MVB accelerator program in February this year, the BSC has announced the start of the second edition. The focus of the MVB accelerator program is to help innovative NFTs and Defi projects.
PancakeSwaps deflationary mechanisms are in full swing. A tweet from the official PancakeSwap Twitter account on May 3rd stated that the exchange bought $7.8M of $CAKE back from the market in trading and prediction fees.
Injective, a decentralized derivative exchange, just reached Unicorn status. The exchange seems to be on a non-stop mission as it has embarked on major collaboration and integration to grow its platform.
Refinable is a newly launched NFT marketplace on the Binance Smart Chain (BSC) network. They just recently announced its NFT competition calling all artists in the BSC space, tagged the Big Bang NFT competition.
WSwap users now have an easy option to create Liquidity Pools (LPs) and add them to the corresponding vault using Eleven Finance. Users can stake LP tokens in the Eleven Finance vaults and earn ELE for increased rewards.
The United Kingdom continues to explore the possibility of its own Central Bank Digital Currency (CBDC), as governments and central banks around the world play catch up to China’s CBDC - the digital yuan.
Maintaining a daily volume of more than $1.6 billion coming 2nd to Uniswap $1.7 billion, the HECO-based multichain MDEX has surpassed BurgerSwap and PancakeSwap. The Binance Smart Chain (BSC) Network Dex is now taking over 23% of the market share.
Binance Smart Chain (BSC)-based Decentralized Finance platform, X-pool has announced the deployment of its Testnet. The deployment of the Testnet features is to aid in ensuring that the Mainnet is launched without any hitch. The launch date for its Mainnet will now be May 8, 2021.
The BakerySwap platform, which is at the forefront of NFTs on the Binance Smart Chain (BSC), has announced a new range of non-fungible tokens called Rare Car Collection. The supporting token $CAR will be made available on the Bakery Launchpad (IDO) on May 5th.
Value DeFi announced a suite of new products and features including vSWAP v2, a collaboration with Ren, and an upgraded AMM for the Value DeFi ecosystem. To implement these ambitious plans the company will make some significant changes to how it is funded, including the liquidation of its vested development fund.
Alpha Homora’s leveraged pools allow users to maximize their liquidity for greater potential profits based on a users’ personal taste for risk. As a general rule users should be aware that greater leverage also offers greater opportunity for loss.
bEarn.Fi, a cross-chain and auto yield farming protocol, has added another product to the decentralized ecosystem, bPower. bPower is a unique loyalty system where members earn exclusive benefits & rewards.
HyperJump is a Decentralized Finance (DeFi) project that is focused around Non-Fungible Tokens (NFTs). The team behind the protocol recently announced plans to expand this unique farming activity to Fantom by next week.
Wault is quickly becoming a busy launchpad with a number of projects choosing the platform for their token launch. Holder Finance follows on the heels of Euler.Tools and Swirl to become the third platform to launch on Wault.
Premier gamified NFT curation platform, Blind Boxes, has sealed a cooperation with DEX aggregator, 1Inch. The deal will see the creation of a liquidity mining pool on 1Inch for Blind Boxes' native token.
The first three months of the year witnessed rocketing demand for NFTs, the market cap of NFT projects rose by 1,785%. Such has been the success of the sector it has begun to draw the interest and participation of celebrities such as Snoop Dogg, Tony Hawk, Lindsay Lohan, Grimes, Lewis Capaldi, and even Edward Snowden fomo-ing in on the NFT craze.
The world's first decentralised finance platform for credit unions and cooperatives, Xend Finance, has optimised the look and feel of its website. This change was made in response to the growing community supporting the project.
The rivalry between the two top Automated Market Maker (AMM) and Decentralized Exchange (DEX) Uniswap and Pancakeswap is far from over. The flippening, subtle competition, and healthy rivalry are fun to see and learn from these two giants.
Injective, a decentralized derivatives exchange, has announced its partnership with UMA, a universal market protocol. The collaboration between both protocols will promote the launch of innovative synthetic products and bridge gaps between DeFi and synthetic assets.
Swamp Finance announced it has added ten new PancakeSwap vaults to its platform. The yield optimization protocol announced the latest development on the 29th of April 2021 via Twitter, giving users more options to farm yields.
PancakeSwap announced the Beta Phase of their new Prediction market tool is now live. Prediction of market prices going up or down is a market that has yet to be fully realized. PancakeSwap Prediction seems to be making strides forward into this sector, offering users even more versatile trading options.
In light of the security incident that happened on the 19th of April 2021, EASY has announced that there will be new changes to its decentralized finance lending protocol. One of which is a proposed hard fork.
APYSwap, the DeFi protocol best known for tokenized vaults, has announced a new feature which will see the company make a splash in the liquid-heavy NFT market. The company proposes a model of shared NFT ownership which will allow multiple people to each own a piece of a single NFT.
Last week a leak from the White House revealed that President Biden plans to raise capital gains tax for wealthy Americans who earn over $1 million. The new rate at which the tax will be charged for the very richest in society will reportedly be 39.6%, almost doubling from the existing rate of 20%.
Fantasy Stocks trading game platform, TradeStars has announced its upcoming IDO on BSCPad and ZeroSwap. After the IDO on May 4, 2021, its token $TSX will be available to the public and investors. TradeStars has also opened its White list to interested participants.
NFT and DeFi gaming Platform, Seascape has launched Season 1 of its third modularized DeFi game, Staking Saloon. It is now live and users can get ready for some ‘gun-blasting good time’ on the protocol. Season 1 of Staking Saloon is packed with actions that will allow users to stake Scapes (the platform's original NFTs) for Crowns (its universal token, $CWS).
StreamingFast has integrated its streaming service with the PancakeSwap dashboard to develop a new dashboard that is almost 60x faster than before. Their subgraph stack ensures reliable live data flow, development, iteration, and faster production times, making the dashboard appealing to incoming investors.
On Tuesday, April 20, 2021, the house passed six bipartisan Financial Services bills, including Ranking Member Rep. Patrick McHenry’s (R.N.C.) proposed Eliminate Barriers to Innovation Act. This bill aims to improve crypto-regulation efficiency, as well as promote innovation in the sector in the U.S.
PancakeSwap announced on April 27th that DefiDollar DAO is the latest protocol to own a Syrup Pool on the popular DEX. DUSD and ibBTC are two popular products from DefiDollar, which is poised to maximize investor returns as part of the PancakeSwap ecosystem.
Non-Fungible Tokens (NFTs) are going wild; the industry is getting rocked with news, events, and entries that have begun to shape the concept. And now the Golden State Warriors, the championship-winning NBA club, has just made history as they become the first professional sports team to launch an official NFT collection.
We may never know the true nature of what happened with the code exploit of Uranium.Finance, a fork of Uniswap AMM built on the Binance Smart Chain (BSC). There isn’t enough convincing story from both the team or speculators as to what truly happened. Each party seems to have a different theory; however, there was yet another rugpull.
On April 23rd, PARSIQ announced the incorporation of live Chainlink price feeds on the Binance Smart Chain (BSC). Using this feed, developers can develop automated off-chain workflows that respond to events as they happen live on the BSC main network.
Kalmar, a decentralized banking protocol, has launched its NFT fundraiser landing page. This release allows users to raise funds via the help of the first NFT-based fundraiser product on the Binance Smart Chain network.
April 2021 may be remembered as a landmark month for cryptocurrency, with the flotation of Coinbase on Nasdaq exposing traditional investors to the sector. Until now many US traders would ignore the blockchain sector, but Coinbase has planted a flag on the hill for the entire industry, making it impossible to overlook any longer.
Industry leader Binance, owners of the biggest exchange in the world in terms of volume, market cap, and user base (Binance Exchange) just announced the planned launch of its official NFT marketplace, coming June 2021.
Binance’s Most Valuable Builder (MVB) seeks to provide entrepreneur support to project developments on the Binance Smart Chain. The program, which covers projects built on the BSC network, contains integrations that help developers build innovative platforms on the network, providing support and assistance in the form of grants and listing on the Binance Innovation Zone.
Nifty Gateway, a digital-asset marketplace, is releasing an NFT series in a partnership with rapper Eminem. These limited-edition NFTs will contain original beats by Eminem, becoming initially available at ShadyCon on April 25th.
On Ethereum more than $2B was spent on NFTs in Q1, representing an increase of 2,100% in Q4 2020. This is despite the fact that network fees on Ethereum remain incredibly high, and transaction speeds remain slow.
Dogecoin has had an incredible month of ups and downs this April; the coin still boasts a healthy 6x in a very short period of time. Now Binance is launching a “collect and win” competition for the coin, inviting users to capitalize even further on this runaway success story.
The DODO Raptor Program has announced the launch of a Berry Data trading incentive program and $BRY airdrop for vDODO holders. vDODO holders will also receive at least 50 vDODO and $BRY token airdrops.
Binance has launched the "Happy Staking" promo, a locked staking activity that will generate a massive yield for its users. The promo also comes with up to 42.79% Annual Percentage Yield (APY), according to the platform.
ForTube has recently provided updates to their platform regarding decentralized finance (DeFi) and lending markets, culminating in ForTube V3. ForTube V3 provides effective solutions to the myriad of problems facing the Defi lending ecosystem including funding-pool limitations and transaction security.
HelmetInsure and BurgerSwap are running another mining campaign for their members. While the rewards might be worth it, they are a few terms and conditions that participants need to abide by before they can participate and be rewarded.
BurgerSwap has announced its new partnership with MultiVAC. This will bring a $MTV farming pool to Burgerswap and enable the staking of $MTV - $Burger LP (BLP) tokens to yield rewards in $MTV and $Burger.
Binance Visa card has proven to be a huge stride into delivering seamless crypto-based services as you can convert and spend your favorite cryptocurrencies. It is as simple as sending crypto from your spot wallet to your card wallet, thereby enabling you to spend crypto anytime at over 60 million merchants worldwide, according to the Binance Team.
Billionaire Entrepreneur and celebrity judge at Shark Tank, Mark Cuban has invested in popular NFT aggregator site CryptoSlam. The strategic investment between Mark Cuban and cryptoSlam, an NFT collectible aggregator, was done through his VC entity ‘Radical Investments.’
In their efforts to enhance yield farming, leveraged trading, and liquidity mining on their design, Oddz finance now offers customized trading options via their platform.According to their Medium post, Oddz Finance now has customized options trading. This type of trading allows traders to efficiently trade their strategies and maximize their profits.
CAKE, the native token of the Automated Market Maker (AMM) and Decentralized Exchange (Dex) platform PancakeSwap, has been listed in many popular exchange platforms. Crypto.com, one of the foremost fiat/crypto exchanges, has now joined the list of platforms on which users can trade CAKE and spend it with their unique Visa card system.
Non Fungible Tokens, popularly known as NFTs, are still gaining momentum and maintaining their relevance despite what seems like a pullback of the market. This time the news about NFT is emanating from famous Hip-Hop musician and entertainer ASAP Rocky releasing his own NFT art.
There are speculations that Amazon is creating a cryptocurrency for the 'digital and emerging payments' division of the company. Major publications reported in February of this year that the e-commerce giants have already started recruiting staff in Mexico and Brazil.
Ever relentless in its quest to maintain its position as the top Binance Smart Chain Automated Market Maker (AMM) and Yield Farm platform, PancakeSwap will upgrade to Version 2 for improved performance.
ApeSwap has announced a partnership with Swamp.finance, allowing its users to earn $SWAMP by staking $BANANA. Through Swamp.finance, ApeSwap can give its users access to a yield optimizer that enables automatic aggregation for them