ConstitutionDAO fails to win Sotheby’s auction
17,437 virtual strangers chipped in over $40 million to jointly buy a rare copy of the US Constitution. They lost their bid but now has everyone asking: What is a DAO?
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Polkadot DeFi hub Acala wins first Polkadot auction after collecting over 32M DOT
Acala, a decentralized finance (DeFi) platform built for the Polkadot ecosystem, this week won the first slot in the Polkadot parachain auction with over 32 million DOT (approximately US$1.3 billion) — the native cryptocurrency of Polkadot — contributed by over 81,000 stakeholders. Fast facts The highly-anticipated first Polkadot parachain auction saw a close fight between…
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DeFi fraud and thefts rose 600% in 2021 to reach $10.5B
Billions have been stolen through hacks from decentralized finance protocols, with Ethereum seeing the bulk of losses, according to a report by Elliptic.
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AVAX hits all-time high after Ava Labs’ deal with Deloitte
Following news of a strategic alliance with Big Four accounting firm Deloitte, AVAX rose above US$106, up 90% for the month.
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ConsenSys raises US$200M as MetaMask surpasses 21M monthly active users
Ethereum blockchain software company ConsenSys today announced the completion of a US$200 million funding round, bringing the company’s valuation to US$3.2 billion as it seeks to spearhead the growth of Web 3.0. Fast facts ConsenSys’ announcement comes as the number of monthly active users of its MetaMask non-custodial wallet product exceeded 21 million — a 38-fold increase from…
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Bitcoin ETFs beckon as SEC spurns sweet spot
Top blockchain and crypto news: Spot ETFs stymied as SEC stands firm. Is Bitcoin’s Taproot upgrade worth the wait? China’s crypto mining goes underground.
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No SHIB price boost as AMC theater chain to accept Shiba Inu
While hopes of Robinhood listing Shiba Inu have been pumping the price of the asset for some time, it is AMC Theatres that will start accepting Shiba Inu for payments next year. Fast facts AMC Theatres, the largest movie theater chain in the U.S., will accept Shiba Inu as payment for movie tickets and concessions…
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Vitalik Buterin imagines a future of crypto cities
In a speech, Ethereum creator Vitalik Buterin notes the rise in cities experimenting with crypto, DAO and NFTs. What are the possibilities of blockchain cities?