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Crypto derivatives platform Bitget has announced a new fund focusing on growing its ecosystem and investing in regional exchanges, analytics firms, media organizations and entities that can contribute to its growth. In an announcement sent to Cointelegraph, Bitget revealed the Bitget EmpowerX Fund, which will invest $100 million into maximizing the
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Bitget anticipates tightened regulations and growth of layer-2 blockchain networks and DeFi technologies bringing about an evolution in how centralized exchanges operate. Source
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Chronicle will feature a dashboard that users can access to track the origin of any required data - which developers say will ensure on-chain data transparency. It will run on data supplied by over 22 node operators, such as Infura, Etherscan, Gnosis, Gitcoin, Argent, MakerDAO and dYdX. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether, the world’s largest stablecoin, experienced its first market cap dip in nine months. The decline comes as the stablecoin ecosystem undergoes significant changes, reshaping crypto market dynamics. Stablecoins dip Tether (USDT), a highly controversial digital asset in
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The $47 million Curve Finance exploit on July 30 had a domino effect on the DeFi ecosystem, mainly due to the $100 million
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“Companies across Web3 ecosystems – including Ethereum, Solana, Stacks, and others – are quickly building Ordinals infrastructure after previously believing NFT-functionality ‘wasn't possible’ on native Bitcoin,” said Redwin. “Given Ordinals' unprecedented pace of adoption and real-world implications for various crypto-economies, we believe it is crucial to fund a strong team
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Decentralized finance (DeFi) protocols are undergoing a stress test following a critical vulnerability was found on versions of Vyper programming language, resulting in the theft of millions of dollars' worth of cryptocurrencies on July 30.A number of pools using Vyper 0.2.15, 0.2.16 and 0.3.0 have been exploited due to a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Japan Blockchain Association (JBA) has reportedly requested Prime Minister Fumio Kishida to revise the nation’s tax system concerning crypto assets. The JBA has put forward three main changes to promote the expansion of the crypto industry and make
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CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution. According to a proposal discussion on Celo's governance forum, the transition would include leveraging OP Stack as the architecture to become
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From 2012 to the present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist has revealed.According to the blockchain security firm, the top five most common hacks are smart contract vulnerabilities, rug pulls, flash loan attacks, scams and private key leaks.
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