The week of 14/03 in brief – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information is lost in the daily information flow and that you miss important points. This format is there to remedy that. We come back to last week’s news in theCrypto Weekly to keep you updated on the current situation of cryptocurrencies.
Can’t miss the corner
Passionate about decentralized finance? Gregory too! This week he presents the results of his research with a presentation of the protocol Symbiosis Finance†
Symbiosis Finance: the cash aggregator of the future
Thanks to Symbiosis Finance and the beta version finally available, it is now possible to transfer your funds through all blockchains compatible with the Ethereum Virtual Machine (EVM). Of course, you retain control of your crypto assets from the beginning to the end of the process, which is the whole point of the solution Symbiosis provides.
In practice, these simple transfers will first enable you to interact with the protocols of your choice on the various blockchains that are now part of the DeFi ecosystem. But not only: indeed, Symbiosis also offers some inter-chain liquidity pools, with very attractive theoretical returns (although we’ll put a little damper on this later).
Developed by an experienced team of developers, Symbiosis is backed by some of the biggest names in the crypto industry (such as Binance Labs, Spartan Capital, and Dragonfly Capital).
For more details, see the full article † Symbiosis Finance, the DeFi of all blockchains: how do you hunt for the best returns in cryptocurrencies?
News in brief
Illinois Says It’s Ready To Accept BTC For Tax Settlement† This law would mainly target companies that want to pay taxes on digital assets.
The Kiln testnet deployed on Ethereum† The goal is to test the merge update before testing it on the historical test nets.
The Polygon network has gone offline† Thus, the Heimdall node that allows the network to reach consensus is paused to perform system maintenance.
Aave deploys its version 3 on 7 blockchains† For example, the ghost protocol announced the implementation of its 3rd version, with security improvements and Portal, a bridge between the different instances of the protocol.
Meta (ex-Facebook) launches into the race for NFTs† So, NFTs should get on Instagram’s social network.
The Bored Ape Yacht Club launches its governance token† At the same time, the company behind the project announced its ambition to launch in the Metaverse.
▶ This week, Sami returns to the European Parliament’s MiCa bill aimed at regulating cryptocurrencies.
>> Multiply earning opportunities with Kucoin Earn (affiliate link). †
The 5 stats of the week
$11.7 millionthat is the amount stolen on the same day in attacks targeting the Agave and Hundred Finance protocols† For example, the attacker(s) used a flash loan to take advantage of a so-called re-entry error.
$1.7 millionthat is the amount Bitfarms spent on its new bitcoin mining project in Canada. This site replaces the old infrastructure on rue de la Pointe in Sherbrooke.
106that is the number of illegal mining installations closed in Kazakhstan† The Kazakh government announced this on March 15. Of these facilities, 51 were forcibly closed.
10 millionthat is the amount of ETH stacked on the beacon chain of Ethereum as proof of stake. So this represents about $26 billion blocked on the beacon chain.
$450 millionthat is the amount raised by the Consensys company in a Series D funding round† This brings the company’s valuation to over $7 billion.
Tweet of the week
Tweet of the week goes to @xDayKami, and his warning about an ever-spreading crypto hack.
Have a nice week at the Journal du Coin!
Le Journal du Coin brings you the first news from the crypto ecosystem. Regulation, emergence of a new DeFi protocol, hacks… so much information to help make the right decisions with all the cards in hand. Kucoin Spotlight’s launch platform makes it possible to invest very early in projects with high growth potential. register now to ensure participation in the next sale (affiliate link).