Auto Added by WPeMatico

Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit

On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap…

Continue ReadingPolygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit

Uniswap’s $165 Million Series B Capital Raise One of the Largest by a Crypto Firm in 2022

Uniswap Labs, the firm behind the Uniswap decentralized exchange protocol, announced on Thursday that it raised $165 million in a Series B funding round. According to one report, the capital…

Continue ReadingUniswap’s $165 Million Series B Capital Raise One of the Largest by a Crypto Firm in 2022

Binance CEO Changpeng Zhao Believes Decentralization Is Part of a ‘Gradient Scale’

Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated…

Continue ReadingBinance CEO Changpeng Zhao Believes Decentralization Is Part of a ‘Gradient Scale’

Report: Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation

The largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company.…

Continue ReadingReport: Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation

Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients

The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded…

Continue ReadingUniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients

DeFi platform sees strong interest in halal-approved crypto products

Navigating crypto is made more difficult for those with religious considerations and the founder of an Islamic law compliant DeFi platform has thousands of users seeking approved cryptocurrencies.

Continue ReadingDeFi platform sees strong interest in halal-approved crypto products