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Biggest DeFi Hack in History | This Week in Crypto – Aug 16, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-16-2021/

Time Stamp: August 16, 2021 1:00 AM - Modified On: August 16, 2021 - Published By:

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The biggest DeFi hack in history takes an unexpected turn, Venmo introduces crypto cashback and can you guess where the Bitcoin Family hides their BTC? These stories and more this week in crypto. The Poly Network was the victim of a cyberattack from which $600 million in digital assets was stolen, making it the biggest DeFi hack in history. Poly Network called on crypto exchanges to blacklist any tokens coming from the hacker’s addresses, but in a strange turn of events, the hacker has since returned the stolen funds, claiming

DeFi Uncovered: Hunting for Value

Source Node: https://insights.glassnode.com/defi-uncovered-hunting-for-value/

Time Stamp: August 12, 2021 11:00 AM - Modified On: August 12, 2021 - Published By:

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Republished By Plato

Title image made using a planet from NFT collection Procedural Space. The ETH rally has continued, with prices breaching the $3,000 level. The rally accompanies continued enthusiasm surrounding NFTs and the successful implementation of EIP-1559 in the London hard-fork activated last week. On-chain activity has also seen an upswing, largely driven by the launch and excitement around a constant stream of new NFT collections.In this piece we will explore: The initial effects of EIP-1559 following launch.Explore relative valuation models for governance tokens.Assess token valuations across the space using on-chain data.

US dollar downturn aids Bitcoin bulls before $50K BTC price showdown

Source Node: https://cointelegraph.com/news/us-dollar-downturn-aids-bitcoin-bulls-before-50k-btc-price-showdown

Time Stamp: August 11, 2021 12:00 PM - Modified On: August 11, 2021 - Published By:

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Republished By Plato

Bitcoin (BTC) challenged $46,800 on Aug. 11 as a weakening U.S. dollar added to bullish momentum.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Aiming for $50,000"?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $46,787 on Bitstamp Wednesday, a hair short of the previous day's peak.Fresh from voting day on the U.S. infrastructure bill, something which ultimately failed to move the market, Bitcoin showed no signs of bearishness as it returned to the door of major resistance beginning at $47,000.USD performance post bill on the day provided another potential catalyst

Ted Cruz says crypto got ‘screwed’ after senate votes on infrastructure bill

Source Node: https://cryptoslate.com/ted-cruz-says-crypto-got-screwed-after-senate-votes-on-infrastructure-bill/

Time Stamp: August 10, 2021 1:00 PM - Modified On: August 10, 2021 - Published By:

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Republished By Plato

In an occurrence with effects yet to be fully determined, US democrats have objected to moves to make further amendments to the crypto tax provision in the infrastructure bill. Senator Cruz reflects on crypto bill provisionTed Cruz, the lawmaker representing Texas at the United States Senate, revealed this in a tweet on Monday. “Crypto got screwed tonight,”he wrote, noting that the disagreement over the issue of spending took a partisan dimension with Democrats voting against its change.🚨Crypto got screwed tonight.🚨There’s a partisan disagreement on spending, so Dems objected to ALL further amendments.That

DeFi Deep Dive — UMA, Cutting Middlemen Out of Derivatives Markets

Source Node: https://beincrypto.com/defi-deep-dive-uma-cutting-middlemen-out-of-derivatives-markets/

Time Stamp: August 8, 2021 11:00 AM - Modified On: August 8, 2021 - Published By:

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Republished By Plato

Introducing the cost of lawyers and financial advisors has always represented a high barrier to entry to financial markets. With the help of smart contracts and oracles, the UMA project aims to bring that barrier down.Sponsored Sponsored Unlike meme coins that are created for the sole purpose of riding the whimsical waves of social media, DeFi protocols are seeking to leave behind the enduring value. As permissionless, decentralized finance continues to evolve, it can tap into existing financial markets. UMA represents the latest evolution of the DeFi space, creating tools

What is My DeFi Pet? (DPET)

Source Node: https://www.asiacryptotoday.com/my-defi-pet/

Time Stamp: July 27, 2021 3:00 PM - Modified On: July 27, 2021 - Published By:

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Republished By Plato

My DeFi Pet is a blockchain-based virtual raising game that uses decentralized finance (DeFi) and non-fungible token (NFT) elements, as well as the player’s personality. This game is an innovation built on a hot technological principle: a decentralized play-to-earn system. From the game, three main aspects capture the foundation of its gameplay. “Pet” implies a creature for virtual raising, “DeFi” includes all features that enable players to earn money within the game, and “My” indicates each user’s ability to personalize the game. My DeFi Pet centers on the ability to

SUNC Raised Around 6.3 Million Dollars on Stage 1 – 4 Presale

Source Node: https://themerkle.com/sunc-raised-around-6-3-million-dollars-on-stage-1-4-presale/

Time Stamp: July 11, 2021 11:22 PM - Modified On: July 11, 2021 - Published By:

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Republished By Plato

SUNC has been taking place its presales for a few times since June 15th, 2021. Lately, 6.3 million dollars has been raised through the presales stage 1 to 4. After July 12th, unsold tokens will be available to be purchased, on presale stage 5.What is SUNC?SUNC is an original token issued by a project. It gives beneficiary rights of the revenue from the online casino to the holders, which is distributed in USDT, and functions as a governance token to decide the operation policy by the voting rights as well.Their

What are NuChains?

Source Node: https://themerkle.com/what-are-nuchains/

Time Stamp: July 5, 2021 2:21 PM - Modified On: July 5, 2021 - Published By:

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Republished By Plato

Nuchains are the diverse individual layer-1 blockchains that run in parallel on the Nugenesis Network and are secured by its sovereign consensus and validator set.The key to NuGenesis scalable multichain Network, NuChains share in and benefit from the network infrastructure including and not limited to the Ledgerx.exchange, launch pads, cross-chain, and reduced hosting prices. NuChains can also connect to external networks such as Bitcoin and Ethereum using cross-network bridges.NuChains can be customized to meet the demand of any blockchain, NuChain can bring the idea of a developer to the forefront of

Growth DeFi (GRO) Review: Solving Impermanent Loss

Source Node: https://www.coinbureau.com/review/growth-defi-gro/

Time Stamp: December 25, 2020 11:54 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Growth DeFi is a new decentralized finance platform looking to improve on the DeFi experience. Built on top of the already successful Aave, Mooniswap, and CURVE protocols the platform seeks to allow its users to maximize the yields they earn as liquidity providers.This hands-off approach to investing in the cryptocurrency space is becoming increasingly popular, so let’s look at Growth DeFi and see if they have what it takes to become a dominant player in this increasingly crowded DeFi space.What is Growth DeFi?The platform is clear in its intention to

0Chain Review (ZCN): Blockchain Based Cloud Storage

Source Node: https://www.coinbureau.com/review/0chain-zcn/

Time Stamp: December 24, 2020 3:16 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

0Chain, pronounced “zero chain” is a fast, scalable, permissionless blockchain that functions as a data storage network that’s focused on data privacy and data protection. One interesting twist in 0Chain is that unlike other data storage platforms it does not store the data on the blockchain.This, along with the way 0Chain splits up the workload for storing blocks and reaching consensus yields a lightweight network with faster transaction speeds. If this all sounds interesting you can watch our video that goes into more depth, or simply dig in below as

Secret Network (SCRT) Review: Privacy Meets Compliance

Source Node: https://www.coinbureau.com/review/secret-network-scrt/

Time Stamp: December 20, 2020 10:34 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Since its creation, cryptocurrency has had a difficult task: balancing transparency and privacy. Once upon a time this balancing act was easy – transactions were publicly viewable but the people behind the addresses making those transactions were anonymous.Today, there are dozens of firms which specialize in analyzing these transactions. Some governments are even on the cusp of making it mandatory to tie your personal identity to your crypto wallet. This degree of regulatory overreach has been rightfully seen as unacceptable by many in the crypto space.However, the fact of the

SingularityNET (AGI) Review: AI Meets Blockchain Tech

Source Node: https://www.coinbureau.com/review/singularitynet-agi/

Time Stamp: December 18, 2020 1:14 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Artificial intelligence has been gaining prominence over the past years as more companies and businesses begin exploring the potential of the futuristic technology.If it also interests you, and you like blockchain technology as well, you might also be interested in the work being done by SingularityNET.What’s The Purpose of SingularityNET?SingularityNET is a decentralized marketplace for artificial intelligence that is in its third stage of beta testing after several years in development. With a goal of breaking big tech’s current hold on artificial intelligence SingularityNET is an ambitious project to say

Biggest DeFi Hack in History | This Week in Crypto – Aug 16, 2021

DeFi Uncovered: Hunting for Value

US dollar downturn aids Bitcoin bulls before $50K BTC price showdown

Ted Cruz says crypto got ‘screwed’ after senate votes on infrastructure bill

What is My DeFi Pet? (DPET)

SUNC Raised Around 6.3 Million Dollars on Stage 1 – 4 Presale

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