Defi for Dummies

Uniswap to Raise 0 Million in New Funding Round

Uniswap to Raise $100 Million in New Funding Round

Uniswap Labs – the firm behind one of the world’s largest decentralized exchanges, Uniswap – is looking to raise a massive $100M fund in its latest funding round. This round follows Uniswap’s previous Series A funding in 2020. American online newspaper TechCrunch uncovered the development in a report Friday. According to the report, TechCrunch received intel from …

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Amber to remain ‘prudent’ in crypto winter even as revenue climbs, Huang says

Amber to remain ‘prudent’ in crypto winter even as revenue climbs, Huang says

QUICK TAKE Digital assets investment firm Amber Group announced its unaudited financial results for the first half of the year.  Amber’s Annabelle Huang says the firm remains well capitalized and profitable in the bear market.  Amber Group will remain “prudent” during crypto winter even as the crypto trading firm’s revenue climbed by 25% in the first half …

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GMX DEX Reportedly Suffers 5,000 Exploit

GMX DEX Reportedly Suffers $565,000 Exploit

In Brief GMX, a DEX specializing in futures and perpetual futures, has been allegedly hacked. PeckShield earlier estimated losses of $565,000, but the Tweet has since been deleted. Some industry players believe that GMX’s minimal spreads and low price impact for trading could open it up to exploitation. Decentralized exchange (DEX) GMX allegedly experiences price …

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Crypto bill needs clarification on ‘digital commodity’ — Sheila Warren

CCI CEO Sheila Warren said that there was “a very tight window” to pass the crypto bill given the possible change in leadership following the 2022 Midterm Elections. NEWS   Sheila Warren, CEO of the Crypto Council for Innovation, said the Digital Commodities Consumer Protection Act currently being considered by U.S. lawmakers was a “pivotal …

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‘The Black Swan’ author calls Bitcoin a ‘tumor’ which is ‘hurting the economy’

‘The Black Swan’ author calls Bitcoin a ‘tumor’ which is ‘hurting the economy’

Despite the cryptocurrency sector growing and Bitcoin (BTC) gaining more supporters with each day, not everyone seems to be a fan, including ‘The Black Swan’  author Nassim Nicholas Taleb. Indeed, Taleb has slammed the modern economic environment by stating that it has led to the creation of tumors such as Bitcoin and claiming that such phenomena are hurting the economy, on …

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Why it Matters for Ethereum Health That Lido Thrives as a Censorship-Resistant Entity

Why it Matters for Ethereum Health That Lido Thrives as a Censorship-Resistant Entity

With Ethereum’s Merge due to happen tomorrow, new research from analytics firm Nansen has revealed that 64% of all ETH staked in the platform’s Beacon Chain is controlled by only five entities. Of the big five, Lido leads the way with 31% of all staked ETH, while centralized exchanges Coinbase, Kraken and Binance control a combined total …

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Crypto Loves Portugal — But How Long Will It Last?

Crypto Loves Portugal — But How Long Will It Last?

Portugal has evolved into a destination of choice for crypto investors seeking solace under the country’s relaxed approach to digital assets. Expats are drawn to its warm weather, reasonably low cost of living and relatively low crime rate. But perhaps most alluring for those with deep crypto portfolios is Portugal’s lax tax rules. Holders in …

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Two Sigma Ventures raises 0 million across two funds

Two Sigma Ventures raises $400 million across two funds

QUICK TAKE The venture arm of Two Sigma closed two funds that totaled over $400 million. Two Sigma Ventures invests in early-stage crypto and DeFi firms, as well as other startups that use data and technology for social advancement. Two Sigma Ventures, a venture firm focused on early-stage companies, announced Wednesday that it raised $400 …

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Cardano Users Should Watch These Crucial Dates on Road to Vasil: Details

Cardano Users Should Watch These Crucial Dates on Road to Vasil: Details

Cardano developer Input Output has confirmed the expected launch of the Vasil upgrade to be Sept. 22, following “extensive testing” of all core components. Ahead of the much-anticipated upgrade, Cardano analytics platform Cexplorer shares key dates for users to note. First, on Sept. 19, the mainnet update proposal is expected to be submitted to trigger …

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Top Crypto Trader Predicts Sizeable Gains for Bitcoin (BTC) and Ethereum (ETH) – But There’s a Catch

Top Crypto Trader Predicts Sizeable Gains for Bitcoin (BTC) and Ethereum (ETH) – But There’s a Catch

A popular crypto analyst thinks both Bitcoin (BTC) and Ethereum (ETH) could capitalize on their recent momentum and move even higher. The pseudonymous crypto trader known as Altcoin Sherpa tells his 182,800 Twitter followers that Bitcoin could soon surge by another 8% if it reaches $21,700. “Squeeze came. $21,000ish hit. I think it’s best to …

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