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    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

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    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

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    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

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    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

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Binance Labs’ $5 Million Investment Boosts CRV Token Following Recent Setback

August 11, 2023
in Business
Binance Labs’ $5 Million Investment Boosts CRV Token Following Recent Setback
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Binance Labs has committed to invest $5 million in the Curve DAO Token (CRV). It is the same token that is a factor behind the Curve decentralized exchange (DEX) on the Ethereum blockchain. Exploring potential deployment on Binance’s BNB chain is also a part of this collaboration for Curve, as was stated in the announcement blog post. 

The Hacking and the Loss

According to the DefiLlama data. DEX has about $2.4 billion in total value locked (TVL), while Curve is a stable swap. Last month, a bit of DeFi luster rubbed off, because of the hacking of Curve, amounting to more than $70 million. 

Binance Labs Backing Curve DAO Token with $5 Million Investment Is Just Beginning. Yi He, co-founder of Binance and head of Binance Labs which is the venture capital arm of the world’s largest crypto exchange by trading volume, said that Curve has contributed to the steady growth of the space in 2023 as a key protocol in DeFi.

Stating the facts straight, he said that the impact of recent events on the protocol is known and his firm Binance Labs has offered its full support to Curve through their investments and collaboration strategy. However, this is just the starting point and they are looking forward to working together and contributing to the growth of the DeFi ecosystem in the future as well. 

The Curve DAO Token is used to exchange stablecoins and other supported coins and that makes it a utility coin of the Curve DeFi protocol. It can also be used for staking and governance purposes. After the Binance investment news came out, CRV rose 4.8% to 64 cents and later settled down at 61 cents.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/news/binance-labs-5-million-investment-boosts-crv-token-following-recent-setback/

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