Author: hotcrypto
August 19, 2022 – Miami, Florida dPRIME Asset Modules Finance (‘DAM Finance’ or ‘DAM’), a protocol for creating purchasing power from cross-chain token portfolios, is pleased to share that it has closed a $1.8 million pre-seed funding round led by Digital Finance Group (‘DFG’) and Jsquare. DFG, a global blockchain and cryptocurrency investment firm with more than $1 billion in assets under management, and Jsquare, a research and tech-driven investment firm focused on facilitating blockchain mass adoption, are joined by Arrington Capital, Ledgerprime, D1 Ventures, 11-11 Capital, Stacker Ventures and prominent angels within the Dotsama community as participants in the…
Mission Center changes all of that. With this new feature, projects can open a direct line of communication to their users, making sure that it’s effective and going to the right people. In turn, users can earn from those activities, either through giveaways or other promotions within Mission Center. All of this can happen on the app, in email and without the need to constantly refresh Twitter. This news is republished from another source. You can check the original article here
What happened The crypto market was rocked early in the day on Friday with prices across the board crashing just after midnight ET. There wasn’t a single big news item about cryptocurrency but rather a few things converging to cause the sell-off. Bitcoin (BTC -8.39%) plunged 8.6% in the past 24 hours as of noon ET. In the same time frame, Ethereum (ETH -8.89%) was down 9.3%, and Dogecoin (DOGE -10.38%) fell 14.8%. Prices have stabilized in the past couple of hours, but there doesn’t seem to be an imminent recovery. So what The biggest news was a 37.2% increase in producer…
No More Bridges, No More Slippage: The Future of DeFi Is Cross-Chain Aggregation CoinDesk This news is republished from another source. You can check the original article here
Chainlink price analysis: Bearish spell sets LINK prices trading at $7.07 Cryptopolitan This news is republished from another source. You can check the original article here
Cardano price is in a weird place, but a recovery to $0.50 is on the table FXStreet This news is republished from another source. You can check the original article here
At the beginning of the week, the crypto market was recovering. However, the sentiment gradually started changing, and by Thursday, red numbers were all over. The same unfavorable momentum was carried forward to Friday as well. And during the Asian trading hours, things escalated pretty quickly. Over the past 24 hours, the market cap had depreciated by almost 6% and was at the brink of $1 trillion at press time. Resultantly, long traders were the most affected by Friday’s abrupt bloodshed. Coinglass’s data showed that over $190 million worth of long trades were wiped out in the last 4-hours. And…
The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion, but overall the dozens of smart contract crypto assets have lost 7.8% in value during the last 24 hours. Smart Contract Token Economy Slides Lower, Total Value Locked in Defi Loses 8.53% Since August 14 On August 19, 2022, the top smart contract tokens like…
Bitcoin (BTC) continued its bearish price action for the third straight day, with the leading cryptocurrency dropping to a weekly low of $21,814 today, according to data from CoinMarketCap. After a short recovery, Bitcoin now changes hands at around $21,785 a piece, down 6.9% on the day despite a 7.69% jump in daily trading volumes. The market capitalization of Bitcoin has more than halved, plummeting from $1.27 trillion last November to under $417 billion today. Ethereum, the second-largest cryptocurrency by market cap, has also slipped to around $1,728, a 6.2% decline over the past 24 hours. With a current market…
Cryptocurrency is one of the most known components of web3. The technology is seen as the future of finance, providing value and utility. With its multitude of use cases ranging from being used as a medium of stored value to a form of investment, it is important that users fully understand the fundamentals of how crypto works. As a new wave, crypto has its share of misconceptions, oftentimes more prevalent than the facts. Together with its boom, the technology has seen its fair share of myths and rumors based mainly on users’ misunderstanding of how it works. With its multitude…