3 reasons why DeFi users are bullish on Abracadabra, Magic Internet Money and SPELL

Stablecoins and their use in decentralized finance (DeFi) have played a key role in the 2021 cryptocurrency bull market because allow investors to participate in the ever-growing number of protocols that offer high yield staking pools and they ease the process of transacting without needing to use a centralized exchange.  One project that has seen a significant amount of adoption thanks to its focus on creating a truly decentralized ecosystem and asset-backed stablecoin is the Abracadabra.money DeFi protocol and its native SPELL token. Data from Cointelegraph Markets Pro and TradingView…

El predominio de bitcoin se debilita mientras monedas alternativas se recuperan

Bitcoin, la mayor criptomoneda del mundo por valor de mercado, apenas varió entre $60.000 y $63.000 el viernes, antes de la publicación del informe sobre datos de empleo en Estados Unidos. El precio tampoco ha variado mucho en la semana, mientras que criptomonedas alternativas (altcoins, en inglés) y tokens de juego han experimentado importantes ganancias. El token SOL de Solana ha subido un 21% esta semana y superó su máximo histórico el jueves. Ether (ETH) también ha alcanzado un récord, llegando a los $4.628 el 3 de noviembre. Ha crecido…

3 blockchain protocols taking the supply chain crisis head-on

The world of blockchain technology has undergone a significant transformation over the past decade as the concept evolved from offering a simple means of exchange between two parties to a sprawling ecosystem full of protocols with real-world applications ranging from decentralized finance to one-of-a-kind digital art.  One sector of the market that has been gaining traction as of late while the global just-in-time delivery system has fallen under immense pressure is the supply chain and logistics group of projects that offer blockchain-based solutions for the global supply chain ecosystem. While…

Risk monitoring firm Solidus Labs completes $15M strategic round

Market surveillance firm Solidus Labs completed a $15 million strategic round led by Liberty City Ventures on Friday. GSR and Exor Seeds also participated in the financing. This follows the company’s $20 million Series A that concluded in May. Solidus’ investors also include former CFTC Chair Christopher Giancarlo and former SEC commissioner Troy Paredes.  The company hired former CFPB Director Kathy Kraninger as it’s VP of Regulatory affairs in July. Solidus CEO Asaf Meir said: “This strategic round will allow us to serve more clients sooner and address many new…

bZx Network Hacked for $55M

Key Takeaways DeFi protocol bZx has been hacked for upwards of $55 million. The team has not released details concerning how the attack was executed. A post-mortem is expected in the coming days. Share this article bZx, a widely-used DeFi protocol, has lost $55 million to an unknown hacker who it claims gained illegitimate access to its private key. It is still not clear how the hackers carried out the attack. Hacker Drains Funds After Compromising Private Key bZx, a multi-chain decentralized finance (DeFi) project, has reported that a private…

Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain

Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens from to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting, and governance rights. Both the initial tokenization and token migration were facilitated by Tokeny, an asset tokenization and compliance infrastructure provider. Matthew Averay, managing director and CEO at Enegra, said: We tokenized our equity to improve liquidity. And, now that the technology…

More crypto regulation is needed

In remarks given at the American Fintech Council’s 2021 Policy Summit, acting Comptroller of the Currency Michael J. Hsu called for greater regulation of universal crypto firms. “Large, universal crypto firms—especially issuers of highly-circulated stablecoins—should embrace comprehensive, consolidated supervision. At the same time, federal and state bank regulators should prioritize the development of policies, staff and supervisory approaches to bring such firms safely into the bank regulatory perimeter. This would clearly differentiate safe and sound crypto firms from those that are regulated only partially and have a history of control…

Cosmoverse Conference 2021 kicks off in Lisbon

The team behind interoperable blockchain network Cosmos (ATOM) recently hosted the Cosmoverse Conference live from Lisbon, Portugal. ‍‍Cosmonauts,#Cosmoverse it’s LIVE! This event is 100% from the community to the community, and we are proud to have our Cosmos Hub Community Pool as the main sponsor! Tune now to the livestream and prepare yourself to dive into cosmos’s wondershttps://t.co/OzyD3bSdqB pic.twitter.com/QFXHu5l3B6 — Cosmos – Internet of Blockchains ⚛️ (@cosmos) November 5, 2021 Kicking off the two-day event, Zaki Manian, co-founder of decentralized finance, or DeFi, project Sommel and former lead developer at…

NFTs: Tools for Art, Advocacy and Activism

This episode is sponsored by Quantstamp and Nexo.io. The third edition of NFT.NYC, New York’s non-fungible token (NFT) conference, took place this week. The event has come far from its humble origins in 2019 – this year’s featured 600 speakers across three days and six venues throughout the city. Over the course of the event, 15 different NFT-themed billboards were featured in Times Square. Joining “Money Reimagined” hosts Michael Casey and Sheila Warren is head of CoinDesk Studios Sam Ewen, who knows the world of NFTs and creators inside and…