Cosmos Reaches to All-time High Despite Stagnant Global Crypto Market
Cosmos’s interoperability network is experiencing a resurgence of popularity. However, despite the fact that crypto’s total worldwide market cap of $2.51 trillion has barely moved in the last twenty-four hours, Cosmos (ATOM) has surged 10.74 percent overnight to record a new price of $39.58, according to cryptocurrency data aggregator Nomics. Cosmos broke above the $40 […]
Automated market maker MonoX raises $5M to launch single-token liquidity pools
The automated market maker MonoX is now in beta development and is expected to go live in Q3 of 2021, according to the company. MonoX , an automated market maker, today announced a $5 million capital investment from venture capital firms including Axia8 Ventures, Animoca Brands, and Divergence Ventures, among others. The funds were raised […]
Estonian DeFi platform Minterest protocol raises $6.5m
DeFi lending platform Minterest just raised $6.5 million from a fundraiser, the platform aims to channel all fees, interest, and revenue back into the protocol for its users. A number of venture capital firms, including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital, and others, contributed to the private financing round. The Estonian team plans […]
Crypto and DeFi cause disintermediation in the banking system – OCC head
The head of the Office of the Comptroller of the Currency (OCC) said cryptocurrency and decentralized finance (DeFi) activities among others are factors contributing to the disintermediation of the banking system. Acting Comptroller of the Currency Michael Hsu presented remarks on the issue of banking trust on Sept. 15 at a meeting of the Exchequer […]
Defi Hack Alert: NowSwap suffers a $1 million loss due to a cyber attack
According to PeckShield, the DEX protocol, NowSwap experienced a cyber attack which made the firm lose more than $1 million in money. The hackers made off with 535,000 USDT and 158 WETH. USDTs are converted to ETH using 1inch, a distributed network service, and then transferred to Tornado Cash, an anonymous trading platform run by […]