Day: November 4, 2021

Smartbch Defi Universe Expands — Dozens of SEP20 Tokens, $12.8M Total Value Locked in Dex Platforms – Defi Bitcoin News

On April 1, Bitcoin.com News published an in-depth report on the Smart Bitcoin Cash (Smartbch) protocol and its compatibility with Ethereum’s EVM and Web3 API before any Smartbch projects were seen in the wild. Seven months later, Smartbch has matured a great deal and metrics indicate that between three decentralized finance (defi) protocols, there’s roughly $12.8 million total value locked on the Smartbch-based applications. Defillama Tracks Smartbch, $12.8 Million Locked Across 3 Dex Protocols It’s been an active year for decentralized finance (defi) applications as the total value locked (TVL)…

Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats

Bitcoin (BTC) may be over seven times higher than at its last halving, but is history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent. Bitcoin: Compared to 2017, you ain’t seen nothing yet Bitcoin currently trades 7.3 times its price at the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher.…

Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats

Bitcoin (BTC) may be over seven times higher than at its last halving, but is history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent. Bitcoin: Compared to 2017, you ain’t seen nothing yet Bitcoin currently trades 7.3 times its price at the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher.…

FTX-backed studio explains why Solana is better for game developers

While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi. Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the studio has raised $21 million in a Series A funding round led by Lightspeed Venture Partners and major crypto exchange FTX. Along with the $8-million seed round, Faraway now has $30 million in total funding from renowned crypto ecosystem investors a16z, Sequoia Capital, Pantera Capital, Jump Capital…

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Bluzelle launches mainnet decentralized storage for NFT content

Bluzelle, a decentralized storage network, has announced the release of its mainnet R2 file storage system designed to enhance the decentralization of nonfungible tokens (NFT) and their corresponding data. The solution was created amid the rise in concerns around the lack of immutability on the InterPlanetary File System (IPFS) protocol, a relatively undiscussed model of storage that currently serves as the gold standard for the majority of NFT assets including Cryptopunks and Beeple. Twitter user Jonty Wareing shared a popular assessment on the fundamental flaws of IPFS for NFT projects.…

Metamask, Phantom Wallet Users Targeted in Crypto Phishing Scam: Report

Users of crypto wallets Metamask and Phantom, as well as the crypto swap platform Pancake have been targeted in a crypto phishing scam involving at least half a million dollars being stolen, according to a Check Point Research (CPR) report. CPR said that in the past few days there have been “multiple events” in which hundreds of crypto wallet users have had their funds stolen while trying to download and install well-known wallets, or change their currencies on crypto swap platforms such as PancakeSwap or Uniswap. The scam campaigns used…

Kevin Durant’s new SPAC firm to focus on crypto and blockchain

Kevin Durant, a two-time NBA champion, has launched a special purpose acquisition company (SPAC) to look at collaborating with technology-driven businesses, including cryptocurrency enterprises. The firm was established in conjunction with Durant’s business associate Rich Kleiman. Durant, who was an early Coinbase backer, isn’t done exploring the sector yet. His new SPAC company is planning to invest in crypto and blockchain-related businesses. The new SPAC, Infinite Acquisition Corp., which was formed on Nov. 3 according to its SEC filing, seeks to raise $200 million in its initial public offering. A…

KuCoin Labs Invest in Huobi-Backed SocialFi Platform to Expand Into Metaverse and NFT Space – Press release Bitcoin News

press release PRESS RELEASE. The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies. 4th November 2021, Kuala Lumpur, Malaysia — Following the strategic investment of Huobi Ventures and 20 other prominent crypto VCs, Torum SocialFi platform is excited to announce that the project has secured a strategic investment from KuCoin Labs, the $50M incubator and research arm of KuCoin. The Torum KuCoin Ecosystem Torum is a SocialFi Metaverse ecosystem that is specially designed…

Endaoment raises $7M for nonprofits in its first year as crypto donations thrive

Blockchain-based nonprofit organization Endaoment has raised more than $7 million for charities in its first year of operations, marking another major milestone for the rapidly growing cryptocurrency donations industry.  Endaoment’s donor-advised funds, or DAFs, have been distributed to more than 100 nonprofits over the past year, the company announced Thursday. Endaoment said it has distributed roughly 60% of donated funds over that period, which is considerably higher than the average of around 22% for traditional DAFs. Endaoment president and CEO Robbie Heeger credited the efficiency of on-chain technology as well…