The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
DeFi protocol Beanstalk loses $180M in exploit, hacker gains $80M
Beanstalk, a DeFi protocol, has confirmed that it was hacked of over $180 billion via a flash loan attack yesterday.
Launchpad projects under pressure to choose money over project fundamentals
Polkastarter co-founder, Daniel Stockhaus, laments that launchpad projects that do too well at IDO make him nervous
AMC Theatres now accepts Dogecoin, Shiba Inu
American movie theater company AMC Theatres has added cryptocurrencies Dogecoin and Shiba Inu to the payment options included in the company’s mobile app. The movie company now accepts several cryptos via BitPay.
American Idol to roll out real-time predictive NFTs in partnership with Theta Labs
The American Idol NFT pack will go for $99, and collectors will get an NFT representing one of the top-14 contestants.
Ethereum post-merge staking rewards will likely be lower than anticipated
Staking yields on the post-merge Ethereum proof-of-stake blockchain will be considerably lower than anticipated by most of the community.
The case for Decentralized Private Networks over traditional VPNs
Even though Virtual Private Networks are mainstay in privacy, safety and anonymity when web browsing it's still not perfect. How can DPN's help? And why are they better?
Dotsama ecosystem gets new cross-chain staking with up to 42% APR via Bifrost
Cross-chain derivatives are soon to be a real way to earn extra yield as Bifrost Collator mainnet goes live
President Biden to nominate former Ripple adviser as Fed Vice-Chair for Supervision
The Vice-Chair for Supervision of the Federal Reserve position has been empty since Governor Randal Quarles’ term ended in October last year.
The NFT market is growing more than the crypto market according to Nansen report
The Nansen report shows that NFTs have continued to show a bullish trend despite a decrease in global markets across most asset classes.
Demystifying blockchain oracles: Part 3
MakerDAO’s Niklas Kunkel and Tellor’s Michael Zemrose address oracle scalability issues and discuss the next phase of development.
5 launchpads to look out for in the crypto space
Launchpads are becoming more popular in the crypto space. They have grown in popularity due to the perks given to early investors.
Binance say NFTs are a technology looking for new applications
Helen Hai from Binance told us last week why NFTs still have room to grow and what the hurdles ahead may be
Cardano’s Charles Hoskinson offers to help build a decentralized Twitter
Members of the crypto community have derided Hoskinson’s offer saying that it could take as long as five years for him to complete the project.
How Dogecoin could become the currency of the internet according to Robinhood CEO
Vlad Tenev lays out the technical changes required for Dogecoin to compete with Visa.
Emirates airline launches NFT as it flies into the Metaverse
Emirates airline has revealed that it is going to convert its pavilion at the Expo 2020 in Dubai into a Web3, NFTs, and Metaverse projects center.