The Blockchain Game Alliance’s Game Demo Day

For an industry starved of end-users, few apples look juicier to the blockchain world than gaming. The global gaming market is forecast to generate over $159 billion in revenue in 2020, and at a recent two-day digital conference the Blockchain Gaming Alliance made it clear that its members are aiming to take a bite. There are an estimated 2.7 billion gamers worldwide, or around a third of the global population. In terms of mainstream adoption, that puts gaming in a similar tier as breathing oxygen and drinking water. If just…

Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher

The decentralized finance (DeFi) space has surged higher in the past day once again despite stagnation in the Bitcoin price. The prices of leading cryptocurrency pertaining to this space have shot higher almost across the board. According to CoinGecko, top coins in the span have gained a number of percent in the past 24 hours. Altcoins such as SushiSwap’s SUSHI, Compound (COMP), Thorchain (RUNE), Aave (AAVE), and others have gained 10% in the past 24 hours alone. A number of other leading DeFi coins have gained 5-10% in the past…

Etherisc to offer blockchain-based crop insurance to Kenyan farmers

Today the Chainlink Community Grant program announced funding for a low-cost insurance collaboration between Etherisc, a decentralized insurance protocol, and ACRE Africa, a microinsurance issuer focused on the second-most populous continent on the planet.  According to an announcement from Chainlink, the project aims to build a blockchain-based insurance platform that delivers affordable coverage for the nearly 250,000 smallholder farmers in Kenya, many of whom are expected to be disproportionately affected by climate change over the next three years. The planned platform will also provide insurance policies with payment installments valued…

Crypto Analyst Expects Ethereum and DeFi to Go on a “Stupid Run”

The decentralized finance sector has posted massive gains throughout the past week, with all the “blue-chip” tokens seeing explosive momentum as bulls flood back into the embattled fragment of the crypto market at full speed. This rebound first began when DeFi darling Yearn.finance’s YFI token hit lows of $7,500, at which point it incurred some massive momentum that sent it skyrocketing towards highs of $18,000. It has since stabilized and is trying to post a high time frame close above this crucial level. If firmly broken and held above over…

Macro RSI Shows Bitcoin is on the Verge of a Massive Bull Run

Bitcoin has seen a rapid rally over recent weeks from the $10,000 range to $16,000 as of this article’s writing. The leading cryptocurrency is expected to move even higher in the weeks and months ahead as long-term trends are still positive. Analysts are highlighting a confluence of technical and fundamental reasonings as to why BTC will likely move higher in the future. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin to See Macro Bull Run as Key RSI Cross Happens Analysts are eyeing a strong…

A New York airport test pilots blockchain-based coronavirus cleanliness app

With an eye towards the rapidly spreading coronavirus pandemic, Albany Airport has begun experimenting with the “Wellness Trace App” to track the cleanliness of surfaces and objects inside the airport. The app, developed by General Electric Co. (GE) in partnership with TE-FOOD and Eurofins, aims to provide a safe travel experience during and after the coronavirus pandemic. It is built using the Microsoft Azure enterprise blockchain. The app aims to provide travelers with information about the cleanliness of surfaces prior to travelers touching them in real-time. Travelers will be able…

Bitcoin Tests Key Parabolic Trendline as Uptrend Shows Signs of Slowing

Bitcoin has seen some brutal price action throughout the morning, with overleveraged long positions being shaken out with a brief dip down to $15,700, while those panic shorting were then liquidated by a sharp rebound. This price action has allowed the cryptocurrency to begin inching higher and moving to retest its $16,000 support level, which could once again act as slight resistance. This level has been acting as support for the past few days, but a continued bout of trading below it could strike a heavy blow to bulls. BTC’s…

DeFi Project Akropolis Just Lost $2 Million. Here’s What They’re Doing About It.

Key Takeaways Akropolis lost $2 million in breach despite independent audit. The funds were stolen from liquidity pools connected to the project. User funds and staking pools were not affected. Share this article According to reports within the crypto community, Akropolis, an Ethereum-based DeFi lending platform, was attacked this week.  The attacker managed to execute a $50,000 exploit 40 times, netting $2 million of DAI in total. Akropolis confirmed the attack on Twitter: We recently identified a hack executed across a body of smart contracts in the “savings pools” that…

Value DeFi protocol suffers $6 million flash loan exploit

Following a Twitter thread on Friday that highlighted the decentralized finance protocol’s flash loan exploit prevention methodology, Value DeFi appears to have been the victim of a $6 million flash loan exploit.  At roughly 10:45 AM EST, a user took out a flashloan of 80,000 ETH (over $36 million) from lending protocol Aave. Aave developer Emilio Frangella immediately called attention to the loan: 80.000 eth flashloan on @AaveAave https://t.co/ngnHIoNKpi — Emilio Frangella (@The3D_) November 14, 2020 The attacker then used the funds to conduct a flash loan arbitrage attack, targeting…

Value DeFi Drained of Millions in Latest Flash Loan Attack 

Key Takeaways Value DeFi, a protocol for staking cryptoassets in exchange for yield, was exploited for $7.4 million on Saturday morning. An attacker pulled off the elaborate move by carrying out a flash loan for 80,000 ETH. Attacker also paid $2 million back to the protocol during the multi-step process. Share this article Value DeFi has been exploited for millions of dollars.  An unknown attacker drained funds from Value DeFi’s MultiStables vault using a flash loan, an innovation where DeFi users can borrow funds from a pool without providing any…