Reeling from post-hack price slump, Easyfi reveals community compensation plan

After a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history.  In a Tweet today, EasyFi announced their “Interim Compensation Plan,” a multi-stage process that includes immediate payments, IOU tokens, and incentive programs aimed at victims of the attack. 1/ #EasyFi is releasing a carefully thought out compensation plan for the protocol users on @0xPolygon. We would also like to inform you that we have onboarded new strategic investors…

1Inch price hits a new high as the top DEX aggregator vies for DeFi dominance

As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.  One of the top DEX aggregators that has recently seen its price reach a new record high is 1Inch (1INCH), a protocol which offers “access to the most liquidity, lowest slippage and best exchange rates across Ethereum and Binance Smart Chain” according to the projet’s website. 1INCH/USDT…

Bridgewater Associates CFO heads to Bitcoin-focused firm

Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG. “The NYDIG team and I are extremely excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann said in a public statement released on Friday. He added: “His kindness, curiosity, and humility, combined with his deep financial services experience, are a perfect match for NYDIG as we continue to build institutional Bitcoin solutions. Working on Bitcoin is increasingly what many of the…

Qtum price rallies 160% as the project’s focus on DeFi pays off

After rallying 1.510% in 2021, QTUM price hit a $35.70 all-time high on May 7. This relatively obscure altcoin launched in September 2017 is a fork of the Bitcoin Core 0.13 version, but it also integrates the Ethereum virtual machine (EVM) and smart contract execution capability.  Following Bitcoin’s (BTC) April 23 crash down to $47,500, QTUM faced a 52% correction in 4 days before bottoming at $10. However, the situation for the altcoin improved on May 5 as QTUM initiated a 160% rally in two days, reaching the $35.70 peak.…

American Cancer Society Accepts Dogecoin Donations

Key Takeaways The American Cancer Society is now accepting Dogecoin donations alongside 15 previously supported coins. The ACS aims to raise $1 million through its crypto cancer fund. The decision to accept cryptocurrency seems to be the result of outreach from the Dogecoin community. Share this article The American Cancer Society (ACS) is now accepting Dogecoin donations, according to a tweet published by the charity. Donate Dogecoin to ACS “Starting today, you can make donations to the American Cancer Society with Dogecoin,” the ACS wrote on Twitter. “Your cryptocurrency donation…

6 Crypto-centric songs you may not have heard

While the cryptocurrency industry is mostly centered around technology and data, the people who inhabit our sector are not without their creativity. This is seen not only in the various solutions and inventions they create, but also in their artistic (and often humorous) works. Over the years, folks of the crypto space have crafted songs based on distributed technology, as well as its jokes and humor. Some of these songs are parodies of mainstream hits, substituted with crypto lyrics, while others are originals that are unique to the digital asset…

Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments

In a broader effort to circumvent the effects of sanctions, Iran may be attempting one of the first instances of digital currency protectionism.  According to a Tweet from news outlet Iran International, The Central Bank of Iran announced a decision from the Cabinet on Wednesday decreeing that digital currencies traded in the country must have been mined, or “extracted” there as well, barring the exchange of digital assets mined abroad. While many observers have pointed out that enforcement would be nearly impossible, blockchain lawyer and advisor Fatemeh Fannizadeh noted that…

Crypto.com unveils EVM blockchain functionality and related fund

In the coming months, Crypto.com’s blockchain will let projects built on Ethereum transfer over to its ecosystem via Ethereum Virtual Machine, or EVM, compatibility. The company also unveiled a related fund to bolster interested projects. According to a Friday public statement from the company provided to Cointelegraph, the EVM feature goes live on the Crypto.org blockchain on July 14 of this year. “EVM support will be implemented as a side-chain,” the statement noted. Crypto.com is currently a notable entity in the crypto space, with its CRO asset ranked amid the…

Mapping Out The Bitcoin Bull Market And More

Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side – bears or bull – making any headway. The sideways action has resulted in a break in the recent parabola, but the typical downside reaction hasn’t arrived. When comparing past bull market cycles and their pausing points using a “parabolic” indicator, the tool confirms that the recent advance has been broken.  However, it also suggests that the bull market itself might not be over. Bitcoin Parabola Is Broken, According To Indicator Designed For Trends…