‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and […]
Socialfi Expands Satoshi Nakamoto’s Vision of a Defi System to Social Media, Says Kevin Lu
According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media. Although it’s not intended to replace today’s traditional social media platforms, socialfi addresses “significant value gaps in current consumer products,” said […]
Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token
Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao, a decentralized autonomous organization (DAO) committed to integrating bitcoin (BTC) into defi, has announced the launch […]
Cardano DEX MuesliSwap to refund users after slippage confusion
The MuesliSwap team wants to refund users that have lost funds to high slippage due to the way the DEX’s matchmaker was set up. This post was originally published on this site
Optimism transactions surpass Arbitrum, but what’s behind the uptick in users?
Transactions on Optimism recently eclipsed the Arbitrum network, but do the project’s fundamentals support a sustainable growth trajectory? This post was originally published on this site
Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator
Cointelegraph Accelerator participants will get a headstart with Consensys’ Web3 solutions, including MetaMask, Infura and Linea zkEVM.This post was originally published on this site
Ethereum logs $1M MEV block reward amid Curve Finance exploit
The highest recently generated block reward was 584 ETH, created by a MEV bot front-running transactions during the DeFi chaos. This post was originally published on this site
On-chain derivatives are DeFi’s next boom opportunity — Apollo Capital
With centralized exchanges coming under increasing scrutiny, Henrik Andersson has touted the promise of decentralized derivatives.This post was originally published on this site
Poly Network urges users to withdraw after exploit affects 57 crypto assets
The Poly Network has been exploited again, this time due to compromised private keys according to blockchain security firm Dedaub.This post was originally published on this site
Over $204M was lost in Q2 DeFi hacks and scams: Report
More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million.This post was originally published on this site