Tagged: decentralized finance

Fireblocks Expands Web3 Connectivity with NEAR DeFi, dApps Support

The team at Fireblocks is pleased to announce support for DeFi on NEAR, “enabling connection to NEAR dApps via their Web3 engine.” Effective immediately, Fireblocks users can “securely access DeFi yields through lending, borrowing, and any Web3 apps built for NEAR that integrate WalletConnect.” Fireblocks… Read More

BIS, HKMA to Consider Using DeFi Tools to Enhance SME Financing

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority have introduced Project Dynamo, which aims “to deliver a prototype for the compliant use of decentralized finance (DeFi) tools, such as blockchain and smart contracts, to improve access to finance for unfunded… Read More

Bictory Finance Introduces Web3 Domains on Concordium

Bictory Finance, a Web3 software technology company, tackling safety & regulatory problems across chains in the DeFi & NFT space, has launched the Concordium Name Service (CNS), a wallet naming system that “maps human-readable names to blockchain addresses for a more friendly on-chain experience.” The… Read More

Naoris Protocol Teams Up with WACEO, a DAO focused Non-Profit Supporting Blockchain Platforms

Naoris Protocol, the blockchain and AI-based Decentralized CyberSecurity Mesh that restores cybersecurity across all sectors of the economy, is announcing a partnership with WACEO, a non-profit specialized in governance, legal, and regulatory compliance “serving DeFi projects, DAOs, DEXs, and other Web3 projects across the globe.”… Read More

DeFi Platform PennyWorks Doubles User Acquisition, Announces New Advisory Board

PennyWorks, a DeFi-based platform that “tames the turbulence” of investing with a secure and stable experience, announced “major” milestones in its first few months of operations, including “a 205% month-over-month increase in user acquisition following the company’s $2 million pre-seed funding round led by Hi2… Read More

Euler Finance Integrates Chainlink Price Feeds to Get Ready for the Merge

Euler Finance — a non-custodial lending and borrowing protocol — is pleased to announce that it has integrated Chainlink Price Feeds on Ethereum mainnet. Operating as a risk-averse protocol, Euler claims it places “a strong emphasis on the protection of users’ funds.” Through its “unique”… Read More

Prime Protocol is Entering the Avalanche Ecosystem

Prime Protocol is pleased to introduce support for Fuji, which is Avalanche’s testnet chain, in their upcoming testnet beta. Avalanche has reportedly “averaged over a million processed transactions per day in the last month.” Users will be able “to deposit funds from Fuji as well… Read More

Bitcoin, Ethereum, Other Crypto-Asset Prices Decline Significantly: Report

After July’s green candles, August 2022 resumed a downward trend for crypto-assets across the board, the team at Kraken noted in a new report. Bitcoin, Ethereum and the rest of the crypto market “saw negative returns for the month.” Prices of BTC (-14%) and ETH… Read More

Security Token Advisors Infrastructure Client, Vendor Ovenue to Provide Real-World Asset Valuation, Tokenization, and Monetization

Security Token Advisors (STA), the “original” consulting firm and advisory group in the tokenization space, is pleased to announce the unveiling of its recent infrastructure client and now vendor OvenueTM, a deep technology platform that “bridges the gap between real-world assets and non-traditional finance (also… Read More

Magpie Protocol Acquires $3M via Seed Round to Enable Seamless Cross-chain Swaps

The team at Magpie Protocol reveals that they have finalized a $3M seed funding round. According to the Magpie Protocol team, this is “a huge milestone and just the beginning of [their] journey as [their] Alpha test is starting very soon.” They want to give… Read More

Credora, dAMM Form Credit Evaluation Partnership to Support Digital Asset Lending

dAMM Finance is building a decentralized borrowing and lending protocol for crypto assets that is “highly capital efficient” and accessible for many token projects. Credora is partnering with dAMM “to conduct privacy-preserving credit evaluations and real-time risk monitoring on eligible dAMM borrowers.” The partnership will… Read More

FBI Warns that Cybercriminals Are Exploiting Vulnerabilities in Decentralized Finance (DeFi) Platforms

The FBI [Federal Bureau of Investigation] is warning investors that cybercriminals are “increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal cryptocurrency, causing investors to lose money.” The FBI has “observed cybercriminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’… Read More

DeFi Protocol Compound III Is Now Live

Robert Leshner, the full-stack founder of Compound, notes that transparent, fair, autonomous interest rate markets should be available for all consumers. Compound launched in September 2018, and was reportedly “the first instance of user-to-protocol (rather than peer-to-peer) collateralized borrowing.” The ideas and innovations from this… Read More

Huntingdon Valley Bank to Access Up to $100M of DeFi Funding via MakerDAO

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been “approved to utilize a $100M participation facility, funded by a Maker Vault.” Through this development, HVB, a Pennsylvania Chartered Bank founded in 1871… Read More

Michael Shaulov: Co-founder and CEO at Fireblocks Explains Why DeFi Is the Future

In a recent interview, Michael Shaulov, Co-founder & CEO of Fireblocks– a digital asset and crypto technology provider – offered his insights into what’s happening now with DeFi, banking, and Web3. Fireblocks, which claims to be the #1 provider of digital asset and crypto custody… Read More

Ethereum Merge to Proof of Stake Could be Key Moment in History of Crypto, Industry Professional Says

Michael Nadeau, the Director of Ecosystem Strategy at Invenium and Founder of The DeFi Report, recently noted that the Ethereum merge to proof of stake is “setting up to be one of the most important moments in the history of crypto.” The investing community is “bullish… Read More

DeFi: Maven 11 Introduces Permissioned Pool with Maple Finance

Maven 11 has introduced a Permissioned Pool with assistance from Maple Finance. The initial pool size will be $40 million in USDC with a decent risk-adjusted return to investors. Initial participants for the pool include Flow Traders, Wintermute and Auros. The pool may issue loans… Read More

Digital Asset Platform 1inch Teams Up with KuCoin Wallet

The 1inch API continues to expand in the DeFi space, “now strengthening the swapping functionality of the KuCoin Wallet, focused on opening the gateway to Web3 world to its users.” As noted in an update shared with CI, the 1inch Network confirmed that the 1inch… Read More

DeFi Platform Hashflow Secures $25M via Series A from Jump Crypto, Others

Decentralized finance (DeFi) trading platform Hashflow, founded in 2021, has announced it has raised $25 million in funding “bringing its valuation to $400 million.” The investment round included returning investors Electric Capital, Dragonfly Capital Partners, LedgerPrime, and Balaji Srinivasan, “along with crypto-native new investors and… Read More

Debut Cellar Launches on Sommelier DeFi Investment Platform

Sommelier, the automated DeFi portfolio management platform, announced the launch of the first Cellar, or “community-governed,” dynamic investment strategy vehicle, on the platform. This Cellar is “active on Aave and leverages machine learning to dynamically move assets between several stablecoin lending positions.” Users need “only… Read More

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