C.R.E.A.M. launches Iron Bank flash loans, eyes cross-chain capital efficiency
Iron Bank is ready to re-enter the spotlight after the Alpha Homura hack, and plans are underway to take the lending protocol to new heights. In a press release today, C.R.E.A.M. Finance announced a new feature for (and, by proxy,…
Developer-focused DeFi aggregator Instadapp launches governance token
How does a DeFi aggregator capture value, and what does it mean for the INST token? In a blog post yesterday, decentralized finance (DeFi) management and protocol aggregator platform Instadapp announced the launch of their governance token, INST. While not…
UAE minister of economy: Crypto & tokenization “key” to doubling GDP
A government-run token exchange could be on the horizon for the United Arab Emirates At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that…
After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank
It’s a long road to the #1 spot, but some ecosystem players think we’ll get there eventually. According to decentralized finance (DeFi) ecosystem tracker DeFiLlama, early this morning the DeFi ecosystem breached $100 billion in total value locked for the…
‘Silent crash’ as price floors collapse across NFT space
Prices are plummeting, and some holders might not even know it If prices plummet in an illiquid market, how soon before anyone notices?While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can…
Half a billion people just had their Facebook data leaked
Leaked information includes ‘includes phone numbers, full names, location, email address, and biographical information.’ According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a…
Shopify CEO muses integrating e-commerce giant into DeFi ecosystem
Shopify’s CEO seems to have caught the crypto bug, and it could be a boon for adoption. Crypto’s march towards mainstream adoption takes another significant step forward as the CEO of an e-commerce giant is publicly pondering how to integrate…
‘Wild west’ as developers MacGyver highly popular NFTs on Cardano
Even without smart contract functionality, Cardano developers have found ways to mint and sell NFT collectibles. Despite not yet having functional smart contracts on the layer-one, intrepid Cardano developers have recently hacked together methods to mint bootleg nonfungible tokens. These…
Collectibles giant Funko shares surge after acquiring NFT app Tokenwave
Among the first publicly-traded companies to jump on the NFT bandwagon, they won’t be the last In a flurry of price action reminiscent of 2017 mania, shortly after announcing that they had acquired NFT display and tracking platform Tokenwave, pop-culture…