Erik Voorhees, founder and CEO of ShapeShift, has revealed in a podcast that he felt embarrassed and disgusted by the behavior of Bitcoin maximalists at the Bitcoin 2021 conference in Miami. A Bitcoin OG who can see some merit in altcoins, Voorhees spoke on a panel during day two of the conference in June. He caused a stir when he said, “Did I hear someone on that prior panel say, ‘If you’re against toxic maximalism, you’re against Bitcoin and you’re against freedom?’… Yeah, that’s some bullshit.” The ShapeShift CEO expanded on those comments in a Tuesday interview on the Unchained …

Decentralized cryptocurrency exchange ZKSwap has announced that its upcoming v2 mainnet will go live on Wednesday via the Layer-one Ethereum mainnet. A layer-two launch is planned to occur sometime thereafter on Binance Smart Chain, Huobi Eco Chain and OKEx Chain. This update will introduce a variety of new features for third-party projects looking to list their tokens for trade, such as the allowance of unlimited token listings and pairs. The update will also lower cross-layer withdrawal times from 40 minutes down to 20 minutes and give users the ability to pay their withdrawal fees using an expanding list of tokens, …

The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1. In an announcement on Tuesday, the 1inch Foundation said it would begin distributing 10 million of its native 1INCH in an effort to refund gas costs for users who stake the tokens. The foundation intends to issue monthly refunds for those who stake the token anytime between the first swap in a given month and the day it distributes 1INCH. At the time of publication, the price of 1INCH has risen more than 15% in the last 24 hours …

The world’s leading decentralized exchange, Uniswap, has announced the delisting of a number of tokens from its app interface. Uniswap Labs made the announcement on Friday, emphasizing that the tokens had been removed from the app interface only and that the protocol remains immutable: “These changes pertain to the interface at app.uniswap.org — the Protocol remains entirely autonomous, immutable, and permissionless.” The company Uniswap Labs is the software developer that has built the front-end web app portal. The front-end is separate from the Uniswap protocol itself, which is autonomous code that was released as a public good. In the blog …

Karura, the Kusama implementation of the Acala protocol, has launched its decentralized exchange (DEX) platform, Karura Swap. According to the announcement issued on Friday, the DEX platform is now live, with KSM/KAR being the first trading pair on the exchange. Per details provided by the announcement, Karura Swap has gone live with an initial total value locked north of $3.4 million, with more than 1,000 unique liquidity providers (LP). The team revealed that the DEX launch highlighted the benefits of its “Bootstrap feature” that provides a liquidity sandbox for trading pairs with the walled environment, reportedly preventing front-running and market …

Cross-chain decentralized exchange THORChain has suffered its second multimillion-dollar hack in as many weeks, with $8 million worth of Ether impacted. However, the attack appears to have been carried out by a white hat hacker, with THORChain announcing the perpetrator had requested a 10% bounty. ETH will be halted until the code has been audited. Liquidity providers impacted by the exploit will be subsidized using the project’s treasury funds. The whitehat requested a 10% bounty - which will be awarded if they reach out, and they should be encouraged to do so. It is a tough time for the community …

After months of bluster and braggadocio, decentralized finance (DeFi) platform Sushi is finally revealing the long-awaited “7/20” project update — but it remains to be seen whether the new product will live up to the hype. Taking the stage this morning at the Ethereum Community Conference in Paris, Sushi CTO Joseph Delong pulled back the curtain on a new hybrid automated market maker (AMM) called Trident. Trident will feature four AMM models, including constant product pools similar to the current SushiSwap, hybrid pools similar to Curve that allow for the efficient exchange of like-kind assets such as stablecoins, concentrated liquidity …

The estimated windfall Apple got from its App Store in 2020 is $67 billion. That’s up from $50 billion in 2019, a 28% increase. Even as the company has lowered its commissions for smaller developers, the App Store remains a major component of Apple’s bottom-line profits. And it’s not just Apple taking a cut of developer revenue: On Android, the world’s most popular mobile operating system, the Google Play Store netted $38.6 billion in 2020. That’s over $105 billion in revenue from the top two app stores combined. It’s no wonder that regulators in many countries are closely considering whether …

With the rise of various meme-coins over the last year or so, a whole host of decentralized exchanges (DEXs) have continued to emerge and accrue massive sums of liquidity seemingly overnight. As a result, a number of security firms have started to call into question over the recent weeks regarding the overall security and transparency of these platforms. For example, DEX ShibaSwap, which has been able to capitalize on the budding popularity of the style of Dogecoin (DOGE) with native token Shiba Inu (SHIB), was recently able to accrue a total value locked (TVL) of more than $1 billion within …

Popular cross-chain decentralized exchange THORChain has suffered a multi-million-dollar breach. Estimates as to the scale of the damage vary, with THORChain revising the initial estimate that 13,000 Ether (ETH) (worth $25.1 million) had been stolen, bringing the total down to 4,000 ETH (roughly $7.6 million) as a ballpark for damages. A subsequent community-provided rundown of stolen assets suggests the figure is closer to $6 million. At this stage the estimate is around ~4000 ETH worth of assets (ETH/ERC20) was taken, not 13k ETH. More detailed assessment and recovery steps will be announced soon. The users who suffered (LPs) will be …

Decentralized finance (DeFi) has been one of the hardest-hit sectors since Bitcoin (BTC) price corrected from its all-time high in early May and this can be seen by the decline in the total value locked (TVL) on all protocols. According to data from DeFi Llama, the total value locked in decentralized finance platforms dropped from $154 billion and currently sits at $108.7 billion. While the roughly 30% decline in TVL over the past two months looks bad, the year-over-year growth from $2.02 billion to $110 billion represents an increase of 5,500% for the sector as a whole. Decentralized exchange volume …

This summer is going to be DeFi’s biggest and best, according to one project. KardiaChain says it has launched a brand-new destination for crypto enthusiasts — delivering access to the hottest farms. The team are hoping to build on the success of summer 2020, which was instrumental in helping decentralized finance become an established sector within the crypto community. Innovative concepts such as automated market makers came to fruition, the total value locked in protocols surged, and we began to see how financial power truly belongs to the people. This year, KardiaChain is hoping to ensure that history repeats itself …