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Category: DeFi News

Can the Bitcoin Blockchain Host Smart Contracts? This Blockchain Protocol is Working to Make that Happen

The Bitcoin blockchain is the oldest blockchain protocol in the world, and arguably the most renowned. While the monetary innovation that Satoshi Nakamoto introduced remains the most significant in today’s digital currency world, there are new evolutions that have pushed the paradigm to a whole new level. This evolution includes the hosting of smart contracts

The post Can the Bitcoin Blockchain Host Smart Contracts? This Blockchain Protocol is Working to Make that Happen appeared first on Coingape.

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Defi Hack: Vee Finance Looses more than $35M in Bitcoin ($BTC) and Ethereum ($ETH)

In the season of Defi Hacks, Vee Finance was caught in the storm next. The Defi lending platform for traditional finance and crypto was hacked last night. The organization revealed the attack through its Twitter handle and further elaborated on the breach in its community announcement post. Vee Finance team shared that they had monitored

The post Defi Hack: Vee Finance Looses more than $35M in Bitcoin ($BTC) and Ethereum ($ETH) appeared first on Coingape.

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Defi Hack Alert: This protocol lost over $12 million in Bitcoin (BTC)

The Defi protocol, pNetwork alerted the community of a 277 Bitcoin (BTC) hack, which amounts to 12.67 million in USD. The network revealed that the attacker installed a bug on the Binance Blockchain codebase of pNetwork. However, the protocol confirmed safety for other funds as no more bridges had to bear the burn of the

The post Defi Hack Alert: This protocol lost over $12 million in Bitcoin (BTC) appeared first on Coingape.

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DOT Price Analysis: Polkadot Rides Ascending Channel Near All Time High, Will Bulls Break $40?

DOT  Price is down nearly -9% over the last week Price has been stuck in an ascending channel over the last month DOT has been holding the 200MA as support Polkadot has been performing better than the overall market over the last few weeks. Along with ALGO, ATOM, AVAX & more, DOT has been riding

The post DOT Price Analysis: Polkadot Rides Ascending Channel Near All Time High, Will Bulls Break $40? appeared first on Coingape.

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Celsius to Undergo Hearing in Texas Due to Unregulated Securities

Celsius has been brought to book for allegedly offering unregistered securities to residents of the state of Texas, and is expected to offer reasons why it should be allowed to continue offering its products in the state.

The post Celsius to Undergo Hearing in Texas Due to Unregulated Securities appeared first on BeInCrypto.

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Defi Hack Alert: NowSwap losses over $1 Million in cyber attack

According to news from the Analytic group, PeckShield, the DEX protocol, NowSwap was hacked and lost more than 1 million USD in funds. The attackers stole 535,000 USDT and 158 WETH. USDTs are converted to ETH through the distributed network service, 1inch, and further transferred to the Ethernet Square anonymous trading platform, Tornado Cash. Furthermore,

The post Defi Hack Alert: NowSwap losses over $1 Million in cyber attack appeared first on Coingape.

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Ethereum L2 TVL crosses $3 billion, Here’s What Fueling the Rise

The latest update in the ETH L2 network saw the total lock-up volume of the Layer2 cross $3 billion, according to the L2BEAT data recorded on September 13. Furthermore, the largest number of lock-up lays with the Arbitrum protocol, which has locked approximately $2.2 billion, accounting for 73.75% of the TVL. Arbitrum L2 TVL Just

The post Ethereum L2 TVL crosses $3 billion, Here’s What Fueling the Rise appeared first on Coingape.

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SOL Price Analysis: As long as Solana (SOL) Holds this Trend, Prices to Rise Back Near $200.

SOL price is up nearly 28% over the last week SOL Price is dangling on its near 3 week support trend 40MA has continued to act as support Can Solana (SOL) Beat Ethereum in Its Own Game? Solana (SOL) has outperformed nearly all other top 100 coins over the last few weeks as prices have

The post SOL Price Analysis: As long as Solana (SOL) Holds this Trend, Prices to Rise Back Near $200. appeared first on Coingape.

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DeFi TVL Tests Extremes as Market Looks to Sustain Ongoing Recovery

Following the latest flash crash that offset the recent price run in the digital currency ecosystem, the decentralized finance (DeFi) ecosystem has picked up a recovery that is evident in its Total Value Locked (TVL). According to data from DeFiPulse, the current TVL for all of its listed DeFi protocols was pegged at $86.9 billion

The post DeFi TVL Tests Extremes as Market Looks to Sustain Ongoing Recovery appeared first on Coingape.

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This Country Opens Crypto Buying Option via Post Offices

According to CoinDesk’s recent report, the U.K. Post Office will allow crypto purchases via the identity verification service, EasyID from next week. EasyID users can buy crypto vouchers from the decentralized exchange (DEX) Swarm Markets. The vouchers can further get reclaimed in exchange for Bitcoin or Ether on the Swarm Markets’ platform. EasyID was initially

The post This Country Opens Crypto Buying Option via Post Offices appeared first on Coingape.

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Raydium (RAY) Price Analysis: Solana Based RAY Up 30% Over Last Week, Next target $15?

RAY is up over 30% the last week Price has formed an ascending channel RAY is being held up by the 40 MA SOL Gang is On Rise Raydium (RAY) is a new token that was launched in early 2021. Raydium (RAY) just underwent a Binance listing in mid August which has caused a healthy

The post Raydium (RAY) Price Analysis: Solana Based RAY Up 30% Over Last Week, Next target $15? appeared first on Coingape.

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