Reeling from post-hack price slump, Easyfi reveals community compensation plan

After a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history.  In a Tweet today, EasyFi announced their “Interim Compensation Plan,” a multi-stage process that includes immediate payments, IOU tokens, and incentive programs aimed at victims of the attack. 1/ #EasyFi is releasing a carefully thought out compensation plan for the protocol users on @0xPolygon. We would also like to inform you that we have onboarded new strategic investors…

1Inch price hits a new high as the top DEX aggregator vies for DeFi dominance

As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.  One of the top DEX aggregators that has recently seen its price reach a new record high is 1Inch (1INCH), a protocol which offers “access to the most liquidity, lowest slippage and best exchange rates across Ethereum and Binance Smart Chain” according to the projet’s website. 1INCH/USDT…

Stock Market and Cryptocurrency News!

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Bridgewater Associates CFO heads to Bitcoin-focused firm

Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG. “The NYDIG team and I are extremely excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann said in a public statement released on Friday. He added: “His kindness, curiosity, and humility, combined with his deep financial services experience, are a perfect match for NYDIG as we continue to build institutional Bitcoin solutions. Working on Bitcoin is increasingly what many of the…

Marathon Mines First OFAC Compliant Bitcoin Block – Mining Bitcoin News

Marathon, one of the biggest bitcoin mining dedicated companies in the U.S. and Canada, has mined the first OFAC compliant bitcoin block, only accepting transactions that comply with the directives of this government office. This has caused a stir in libertarian circles, that argue this can be the start of censorship in the bitcoin blockchain at a mining level. Marathon Mines the First OFAC Compliant Bitcoin Block Marathon, a North America-based mining company, has mined the first OFAC compliant bitcoin block yesterday, that only included KYC validated transactions and excluded…

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Bitcoin’s Price Pumps As Coinbase Bleeds Out 12,000 BTC

Bitcoin has reclaimed the high area around the $50,000. In the meantime, indicators are turning bullish as the cryptocurrency could be preparing for another leg-up into uncharted territory. At the time of writing, BTC trades at $57,654 with a 3.1% profit in the daily chart. In the weekly chart, BTC has a 7.5% profit with sideways movement in higher timeframes. BTC with small gains in the daily chart. Source: BTCUSD Tradingview Analyst William Clemente has defended the bullish case for the number one cryptocurrency by market cap. He claims Bitcoin’s…

Autonio Listing on AscendEX – Press release Bitcoin News

press release PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the NIOX Token (NIOX) under the pair USDT/NIOX on May 5 at 1:00 p.m. UTC. The NIOX Foundation and the Autonio trading platform are launching the NIOX suite to address the technical complexity, secrecy, and exclusivity found on existing trading platforms. The Suite’s goal is to provide users with a simple infrastructure for engaging with digital asset markets. The NIOX Suite is an accessible, decentralized…

Qtum price rallies 160% as the project’s focus on DeFi pays off

After rallying 1.510% in 2021, QTUM price hit a $35.70 all-time high on May 7. This relatively obscure altcoin launched in September 2017 is a fork of the Bitcoin Core 0.13 version, but it also integrates the Ethereum virtual machine (EVM) and smart contract execution capability.  Following Bitcoin’s (BTC) April 23 crash down to $47,500, QTUM faced a 52% correction in 4 days before bottoming at $10. However, the situation for the altcoin improved on May 5 as QTUM initiated a 160% rally in two days, reaching the $35.70 peak.…

Farming Season Heats Up With SteakBank on BSC

With yield farms in full swing, traders are jumping from one high yielding farm to the next in what looks to be shaping up for a defi summer. For those who want to “stack multiple juicy yields,” SteakBank is backed by big players like Factorial Ventures, Signum Capital, MW Partners, LayerX Capital, Ruby Capital, etc. and has opened its Genesis Farming Period for staking BNB from April 29 to May 13. The success of the Genesis Farming Period is just another indicator of the massive inroads BNB is making in…