#Synthetix News

Synthetix Network Receives Institutional Investment as Open Finance Adoption Grows

October 30, 2019 by Ashwath Balakrishnan at Altcoins

Synthetix Network, a financial dApp that allows users to invest in synthetic assets, has raised capital from Framework Ventures and a number of other undisclosed investors. With DeFi surging, many institutions are finally seeing a potential paradigm shift and investing in these protocols. Not long ago, Andreessen Horowitz bought $15...

Numerai Deploys Erasure Protocols to Ethereum Mainnet

August 28, 2019 by Ashwath Balakrishnan at Ethereum

Numerai has been making strides since they first launched their outsourced analysis contest. Now, they've announced their deployment on the Ethereum blockchain, August 27, 2019. Numerai allows participants to make price predictions for stocks in the Russell 3000 index on a daily basis and be rewarded if they have a...

The Legitimate Advantages of Ethereum Above Other Smart Contract Platforms

August 28, 2019 by Ashwath Balakrishnan at Ethereum

Kain Warwick, founder of decentralized investment platform Synthetix, has succinctly organized his views on why Synthetix chose Ethereum over EOS, and what advantages Ethereum has accrued in the last 5 years of its existence, August 27, 2019. Ethereum's Monopolistic Advantages Synthetix initially looked into EOS as a way to deploy...

Synthetix getting hacked by evil hands red

Synthetix Asset Issuance Platform Lose 37 Million sETH to Hackers

June 25, 2019 by Ogwu Osaemezu Emmanuel at Exchange, News

Synthetix, an Ethereum-powered synthetic asset issuance platform that claims to provide on-chain exposure to real-world assets like currencies, commodities, stocks and more, has suffered a massive oracle attack that has resulted in a loss of 37 million synthetic ether (sETH) tokens, according to The Block on June 24, 2019. Synthetix...

Ethereum-Based “Synthetic Bitcoin” Offers Non-Custodial BTC Exposure

February 28, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Ethereum, News, Tech

Synthetix, a decentralized synthetic asset platform, has launched the first of its kind synthetic Bitcoin on the Ethereum blockchain. This crypto (sBTC) will benefit Ethereum users by giving them non-custodial exposure to bitcoin. This according to a press release published on February 25, 2019. Gain Control of Trustless Bitcoin Satoshi...