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Gelato Network raises $11 million in Series A funding led by Dragonfly Capital

Gelato Network, a protocol that helps automate smart contract execution on Ethereum and other blockchains, has raised $11 million in a Series A funding round.Dragonfly Capital led the round, with ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov, founder and CEO of Aave, also participating. This was a token sale round and the fresh capital will help support more blockchains, Gelato co-founder Hilmar Orth told The Block. Gelato Network currently supports Ethereum, Polygon, and Fantom blockchains and it is looking to add support for Arbitrum, Optimism, Binance Smart Chain,

Uncomfortable Truths of Trading And What to Watch Out For

There are some uncomfortable truths about trading crypto, which many people refuse to acknowledge. For instance, everybody — no matter how they play the market — is part of an emotional scheme. That means you, too. Thierry Gilgen, CEO of MachinaTrader, takes a deeper look into how social media channels dominate information about cryptocurrencies. The market is not purely mathematics. Raw human emotions play a big role, and that includes you potentially getting played. It is easy to be carried away while trading and make an emotional-based decision that results

Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom

Dogecoin’s usecases have seemingly evolved over time. The meme coin was initially created as a joke in 2014, turned into one of the hottest cryptocurrencies in 2015, became Elon Musk’s favorite in 2018, and was part of a TikTok challenge in 2020.But things have taken a darker turn for the currency; hackers are now utilizing the token to control crypto mining botnets, security firm Intezer Labs said in a report this week.Such DOGE, much hackIntezer Labs, a New York-based malware analysis and detection firm, found out hackers using the infamous

Bitcoin SV’s Social Platform Twetch Streamlines P2P Payments

Bitcoin SV powered social media platform Twetch has launched a feature to streamline peer-to-peer (P2P) payments.Twetch is a Twitter-like social media platform where users must make micropayments in order to post and engage with content on the platform. Content creators are directly paid for their activity through a revenue sharing system based on likes and shares. The platform is currently in private beta.Command-line style payments featureTweet has rolled out the ability for users to send BSV to each other by entering the command-line ‘/pay’, a user’s tag, and the dollar

Rune Christensen: ‘Our Job Is to Support Whatever the Maker Community Decides’

As the dust begins to settle over MakerDAO’s Black Thursday incident, the team is now returning to a normal working pace. We took the opportunity to catch up with Rune Christensen, one of the original founders of the protocol, for a full recap of the situation and what it means for Maker (MKR). Christensen had been oddly quiet as the events were unfolding, never joining any forum discussion or issuing comments to the media — until now.MakerDAO provides users with stable DAI cryptocurrency in exchange for their volatile crypto holdings, and