Tagged: decentralized finance

August 24, 2021 @ 2:21 pm By Omar Faridi  |  

Avalanche lending protocol BENQI has reached $1 billion in total value locked (TVL) only a few days after its launch. BENQI, an algorithmic liquidity market protocol, has managed to attract more than $1 billion in total assets to its “decentralized” platform since its launch on… Read More

August 24, 2021 @ 1:49 pm By Omar Faridi  |  

Bringing Bitcoin (BTC) to Cosmos had always been “part of the plan,” according to the Cosmos development team. With the new grant from the Interchain Foundation (ICF) to Interlay, the developers of interBTC, that goal “is getting closer.” Cosmos has always been “ahead of the… Read More

August 22, 2021 @ 2:21 pm By Omar Faridi  |  

Fintech Collective, a VC company that’s focused on creating the “future” of financial services by investing across traditional Fintech and emerging crypto-assets, revealed on Friday (August 20, 2021) that it has raised capital, as part of its existing early-stage strategy and for its new strategy… Read More

August 22, 2021 @ 1:27 pm By Omar Faridi  |  

Anchorage Digital, which aims to advance institutional participation in the digital assets space, reveals that institutions are now able to take part in Aave (AAVE) governance via on-chain voting offered by Anchorage digital bank. Aave is an open-source and non-custodial protocol for generating interest on… Read More

August 21, 2021 @ 7:51 pm By Omar Faridi  |  

The team at Astra Protocol, which aims to equip the decentralized finance (DeFi) space with a complete legal layer and unlock the future growth of the industry, notes that operating within DeFi comes with “unpredictability” as well as key opportunities. Some of the main benefits… Read More

August 20, 2021 @ 12:00 pm By Omar Faridi  |  

The art and collectible markets are considerably more “liquidity-starved” when compared to the global equity, gold markets, and other assets. And this problem is even more prevalent in the NFT market, which is its early stages of development. It might take a long time to… Read More

August 19, 2021 @ 10:22 am By Omar Faridi  |  

The team at ApeSwap.Finance, a decentralized or non-custodial exchange on Binance Smart Chain (BSC), reveals that REVV is preparing to join the ApeSwap Jungle. REVV Motorsport is a “play-to-earn” gaming and NFT ecosystem that’s based on Ethereum (ETH), “encompassing some of the most popular performance… Read More

August 18, 2021 @ 6:00 pm By Omar Faridi  |  

Bob Reid, CEO at Everest, a company focused on providing identity verification, account creation, and DeFi-related financial services, has shared key updates with Crowdfund Insider. Bob Reid talked about how his company successfully partners with established tech industry participants in order to provide seamless decentralized… Read More

August 18, 2021 @ 11:20 am By Omar Faridi  |  

Umbrella Network, the decentralized Layer-2 Oracle network, revealed that it has launched its community validator program. As mentioned in a release shared with Crowdfund Insider, the onboarding of community validator members will aim to “democratize” Oracle data and enable members or participants of the network… Read More

August 17, 2021 @ 12:29 pm By Omar Faridi  |  

Ondo Finance reveals that it has secured $4 million in capital in order to bring “programmable” DeFi returns to investors with “a wide array” of risk preferences. The equity round has reportedly been led by Pantera Capital along with contributions from Genesis, Digital Currency Group,… Read More

August 15, 2021 @ 9:11 pm By Omar Faridi  |  

ApeSwap.finance, a decentralized exchange built on the Binance Smart Chain (BSC), is joining forces with Lympo, a platform built on Ethereum that’s developing a sports NFT ecosystem “centered around high-end NFTs created in official collaboration with world-famous athletes and clubs around the world.” As mentioned… Read More

August 15, 2021 @ 12:03 pm By Omar Faridi  |  

In a “first” for the film industry and the Liquid Network (a sidechain-based settlement network for traders and exchanges, enabling faster, more confidential Bitcoin transactions), the feature film Silhouettes will reportedly be issuing tickets as non-fungible tokens (NFTs) on the Liquid Network, by “using the… Read More

August 14, 2021 @ 4:10 pm By Omar Faridi  |  

Sheila Warren, Deputy Head of the C4IR; Member of the Executive Committee, World Economic Forum,  and Sumedha Deshmukh Platform Curator, Blockchain and Digital Currency, World Economic Forum, recently published their views on why effective cryptocurrency regulations will take time to develop. As noted (on August… Read More

August 13, 2021 @ 8:21 am By Omar Faridi  |  

Immunefi, the cryptocurrency bug bounty and security services platform that protects more than $25 billion in users’ funds, is establishing the Immunefi Security Core Unit (CU), which is a contracted team within the Maker ecosystem. According to a release shared with CI, the team will… Read More

August 11, 2021 @ 10:00 am By Omar Faridi  |  

On Wednesday, August 4, 2021, Lattice Exchange, a decentralized finance (DeFi) platform that connects all blockchain or DLT networks and enables users to transfer cryptocurrency in a seamless manner between each other, introduced the Lattice Launchpad, which is described as a “one-stop” shop for blockchain… Read More

August 10, 2021 @ 8:31 am By Omar Faridi  |  

The latest report from EthHub, the “essential” resource for Ethereum information, curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar), notes that Ethereum Improvement Proposal or EIP-1559 is now live on the Ethereum (ETH) network. Since the major upgrade went live this past week, the… Read More

August 7, 2021 @ 11:27 am By Omar Faridi  |  

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report, which covers Axie Infinity, NFT Bots, and Mirror. Spencer Noon notes in their weekly update that Axie Infinity has “steadily” seen about 25,000 daily users “with on-chain transactions”… Read More

August 7, 2021 @ 10:57 am By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet provider, trading platform, and block explorer service, has shared their August Market Outlook report, titled, The Final Crypto Adoption Frontier. Bitcoin or BTC adoption as an investment asset began with what is “often characterized as ‘retail’ (smaller… Read More

August 6, 2021 @ 11:18 am By Omar Faridi  |  

Celsius has secured the backend pricing of crypto-assets using Chainlink, which is considered a major leap in CeFi “decentralization.” As stated in the update from Celsius: “In one of the most ambitious moves towards decentralization, Celsius is now leveraging the industry-leading Chainlink Price Feeds to… Read More

August 5, 2021 @ 9:23 pm By Omar Faridi  |  

ParaSwap announced that it will be integrating Chainlink Keepers in order to bring limit order functionality to its decentralized exchange or DEX aggregator. ParaSwap confirmed on August 2, 2021 in a blog post that it will integrate Chainlink Keepers on Ethereum (ETH) so it can… Read More