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Daily Defi News from Across the Web

Daily Defi News from Across the Web

DeFi Startup WOO Network Secures $30M in Oversubscribed Series A Round

Decentralized Finance (DeFi) deep liquidity service provider WOO Network has successfully raised $30 million from investors as more hedge funds and ecosystem stakeholders double down on their quest to gain exposure to... Read more »

Ethereum’s Transaction Volume Hits a 5-Month High

Despite Ethereum (ETH) correcting from the historic high of $4,860 attained recently, the second-largest cryptocurrency is still experiencing high transaction volume on its network, as disclosed by Glassnode. The crypto analytic firm... Read more »

ConsenSys Completes $200M Funding Round at $3.2B Valuation

ConsenSys, the blockchain startup behind the Metamask wallet, has raised $200 million in new funding round, pushing its valuation up to $3.2 billion.  As is becoming prevalent in the blockchain ecosystem, the... Read more »
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BlockFi Faces SEC Probe Over High-Yield Crypto Accounts Offerings

The US Securities and Exchange Commission is probing BlockFi cryptocurrency lending platform over its high-yield, interest-bearing accounts. Earlier this year, a series of state-level agencies had launched investigations into BlockFi. BlockFi, a New Jersey-based... Read more »
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Solana Takes the Helm as the Most Staked Crypto, Cardano Goes Second

The neck-to-neck battle among Solana (SOL), Cardano (ADA), Ethereum (ETH), and Polkadot (DOT) continues because they have gained the upper hand in different crypto areas like decentralized finance (DeFi), non-fungible tokens (NFTs),... Read more »
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1inch Network Raises $175M in Private Token Sale, Building DeFi Products for Institutional Investors

1inch Network, a renowned decentralized exchange aggregator, announced it had successfully completed its Series B funding round where it raised the sum of $175 million. This particular funding round did not follow the... Read more »
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Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain

These are some of the factors that have made Ethereum record an annual return of 663.7% compared to Bitcoin’s 195.5% so far, according to CoinGecko.  Various use cases in the Ethereum (ETH) ecosystem have... Read more »
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Investors Enjoy Growing Enthusiasm & Popularity of Bitcoin: Grayscale’s Study

Grayscale Investments surveyed 1000 U.S. investors recently; the Digital Currency Group (DCG) owned crypto asset manager has revealed the growing enthusiasm and popularity of Bitcoin as an investable asset class.  Key Takeaways in... Read more »
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Coinbase Establishes Open Source Cryptography: Kryptology

American cryptocurrency exchange Coinbase announced the launch of Kryptology, an encryption library that focuses on building complex encryption technologies. The Coinbase team stated that it hopes to make Kryptology the standard for... Read more »
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More Money has Flowed into Ethereum than Bitcoin in 2021

After experiencing an oscillation over the weekend, both Bitcoin (BTC) and Ethereum (ETH) are back to winning ways. BTC was up by 6.13% and Ethereum by 9.21% in the last 24 hours... Read more »

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