Tag: Protocol

Staking Protocol EigenLayer Raises $50M Amid Crypto Winter

“One of many central bottlenecks to innovation in at this time’s crypto ecosystem is the requirement for initiatives to bootstrap belief, or cryptoeconomic safety,” stated EigenLabs founder and CEO Sreeram Kannan within the...

DeFi Protocol Clearpool Chooses Polygon Community for Its Institutional Lending Platform

“Anticipate to see a variety of borrower profiles: from conventional buying and selling companies to varied sorts of crypto-native gamers,” Jakob Kronbichler, Clearpool’s co-founder and chief working officer, stated in a press release....

VAULT Raises $4M for its Digital Music Collectible Protocol That’s Intent on Altering the Approach Followers Work together with Artists – AlleyWatch

The arrival of the iTunes retailer led to a monumental shift in how we consumed music and since then, the emergence of streaming companies beneath a subscription mannequin has additional modified the music...

BonqDAO protocol suffers $120M loss after oracle hack

A small-scale decentralized autonomous group (DAO) has suffered a quite sizeable sensible contract exploit resulting in an estimated $120 million being stolen from its protocol.BonqDAO, which is behind the Bonq protocol, instructed its...

Ordinals protocol sparks debate over NFT’s place within the Bitcoin ecosystem

The current launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto neighborhood divided over whether or not it’ll be good for the Bitcoin ecosystem. The protocol, known as “Ordinals,”...

Cardano protocol Meld denies rumors of insider buying and selling

Self-described “DeFi, non-custodial, banking protocol,” Meld responded to allegations of foul play, stating no insider buying and selling had taken place on its platform.Meld denies wrongdoingThe accusations stemmed from on-chain...

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