Theredcentre Blockchain Capital, a venture capital company founded by Bart Stephens and Brad Stephens in 2013, has raised a total of $580 million through the closure of two new funds. The company’s general partner, Spencer Bogart, confirmed the news, stating that the funds include a sixth early-stage fund and the firm’s first “opportunity fund.” The funds … Read more
Introduction Decentralized Finance (DeFi) has been hailed as a game-changer in the world of cryptocurrencies. It promised financial inclusivity, transparency, and innovation like never before. However, the recent closure of two prominent DeFi projects, Mimas Finance and Tranquil Finance, has shed light on the unpredictable nature of this industry. In this article, we will delve … Read more
*Disclaimer: The following article recounts a personal experience in the crypto space and is intended for informational purposes only. Cryptocurrency investments come with risks, and readers are encouraged to conduct their own research and seek professional advice.* — Introduction They say that the crypto space can be a wild ride, and my journey with Mimas … Read more
Mimas Finance & Tranquil Shutting down DeFi services by October 31, 2023 In a shocking turn of events, Mimas Finance and Tranquil Finance have announced the closure of their DeFi services, sending shockwaves throughout the cryptocurrency community. The announcement, made on their official channels, comes as a result of careful consideration and a desire to … Read more
Base, the Coinbase-incubated Ethereum layer 2 (L2) network, has experienced significant growth and adoption since its public launch just a month ago. Along with this growth, the number of users and protocols on the platform has also expanded significantly. In a remarkable display of this rapid growth, Base recently achieved its highest number of daily … Read more
Ethereum and Bitcoin are two of the most popular and widely used cryptocurrencies in the world. While Ethereum has gained a reputation as the king of smart contracts and the primary hub for DeFi and NFT activity, on-chain data suggests that Bitcoin is ahead in terms of user engagement. This can be interpreted by the … Read more
Base Protocol, a decentralized stablecoin project, has experienced a surge in activity lately. However, the driving force behind this increase is not decentralized finance (DeFi) applications or non-fungible token (NFT) marketplaces as one might expect. Instead, a new social application called FriendTech is responsible for a significant portion of this rise in Base’s usage. The … Read more
Friend.tech, a decentralized social network, has experienced a remarkable resurgence in recent weeks, defying critics who had declared the platform dead. The platform has seen a surge in user interest, with its total value locked (TVL) surpassing $20 million just a few days ago. This growing momentum has also led to an increase in trading … Read more
Trading volumes associated with CRV, the governance token of Curve, a stablecoin decentralized exchange (DEX), is down 97% barely two months after it was hacked in late July 2023. This significant decline in trading volume has been observed on centralized exchanges, particularly on Binance, where the token is actively traded. According to Kaiko, CRV’s trading … Read more
A debate has resurfaced among Bitcoin enthusiasts regarding a six-year-old Bitcoin Improvement Proposal (BIP) that suggests the addition of “sidechains” to the Bitcoin network. While some individuals believe that this proposal could lead to an increase in scams on the Bitcoin network, others argue that it would attract new users to the cryptocurrency. However, a … Read more
