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Sphere Finance gives users a chance to yield profits and join governance protocols

2022 is the year of governance. With DeFi 3.0 right around the corner, AMMs are turning into multi-billion-dollar endeavors that build the infrastructure of financial instruments in DeFi. They are the roads that decentralized finance needs. Governance protocols in AMMs allow users to vote on LPs that the AMMs will invest in, with great allocations for those who hold immense votium. But, there is one issue – To be able to vote, you must lock your tokens for a...

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Elon Musk Under Investigation Over Tweets: U.S. SEC

The U.S. Securities and Exchange Commission (SEC) said it was investigating Tesla CEO Elon Musk over the tweets where proposed to sell 10% of his Tesla stake. The regulator also said it has the legal authority to take Musk to court over his past tweets. The investigation came to light on Tuesday after the SEC rejected a motion from Musk seeking the dismissal of a 2018 agreement that required certain tweets to be pre-approved by an attorney.

Elon Musk had tweeted...

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Crypto.com Becomes the Official Sponsor for FIFA World Cup 2022 in Qatar

Crypto exchange Crypto.com continues to expand its sponsorship deals in the sports industry. The popular crypto exchange has recently joined the list of sponsors for the 2022 FIFA World Cup to be held in Qatar later this year. The Singapore-based company will also be the exclusive crypto trading platform for the FIFA event. Crypto.com is one of the most popular global exchanges with over 10 million customers worldwide. By being the official sponsor, Crypto.com will get significant branding exposure both...

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From NFTs to Web 3.0, here’s what these experts think of the crypto market

With the global markets in a rut, commodity prices at high rates, an escalating war in Ukraine with crypto prices also falling, there are increasing fears of a bear market. We are just three months into 2022, and apprehensions of past years of 2018 and 2019 are sweeping in the crypto ecosystem. In a recent podcast, the co-founder of Synthetix, Kain Warwick, chaired the panel among others remains bullish on the crypto trends. He said, “Honestly, it feels like 2016 to...

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Yuga Labs Raises $450M at $4B Valuation

Key Takeaways

Yuga Labs has raised $450 million at a $4 billion valuation in a funding round led by Andreessen Horowitz. The creators of the Bored Ape Yacht Club will use the money partly to build its MMORPG, Otherside. Yuga Labs recently acquired the CryptoPunks and Meebits NFT collections from Larva Labs.

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Yuga Labs, the company behind the Bored Ape Yacht Club, has reached a $4 billion valuation via a $450 million raise that was led by the venture firm...

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AAVE V3 launch triggers a 40% rally in the token but will it sustain

One of the leading Decentralized Finance (DeFi) protocols on the planet AAVE last week expanded its horizon by introducing AAVE V3 to the world. The reaction to this launch has been exceptional to the extent where the Dapp brought back lost investors and pushed the altcoin beyond expectations.

AAVE reaches Stage 3

AAVE V3 was launched on 16 March and since then the DeFi token has rallied by over 40.41%. The latest version of the protocol brought a myriad of changes...

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Christine Lagarde Claims Crypto Is Being Used to Evade Russian Sanctions

Key Takeaways

ECB president Christine Lagarde has expressed concern that cryptocurrency is being used to evade sanctions placed on Russia. Lagarde joins a vocal list of politicians who share the same concerns, some of whom have introduced legislation to address the perceived problem. Industry experts, however, have testified that there is little evidence that Russian actors have successfully used crypto to circumvent sanctions.

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European Central Bank President Christine Lagarde said today that cryptocurrency is “certainly being used” as a means...

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