Tagged: decentralized finance

October 14, 2020 @ 9:32 pm By Omar Faridi  |  

Jay Hao, CEO at OKEx, one of the world’s largest crypto exchanges, has provided a breakdown of the number of Bitcoins (BTC) held by major entities. Since the pseudonymous virtual currency’s genesis (or very first) block of transactions was mined back in early 2009, there… Read More

October 14, 2020 @ 6:40 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, has again surged past the $11,000 mark as US stimulus talks begin and institutions start to allocate more funds to the leading digital asset. As noted by the OKCoin team, Bitcoin has managed to break out this past week, after… Read More

October 13, 2020 @ 10:30 pm By Omar Faridi  |  

Scott Stuart, Product Manager at Kava Labs Inc, a venture-backed firm focused on payments and blockchain technologies, notes that at Kava, their goals include developing a user-friendly decentralized financial services platform. Stuart claims that a lot of the core infrastructure and “decentralized” community governance for… Read More

October 13, 2020 @ 8:28 pm By Omar Faridi  |  

OKCoin, a regulated crypto exchange which recently announced the launch of its Singapore offices, has revealed that it will be listing several (decentralized finance) DeFi assets including Chainlink (LINK), YF LINK (YFL), and DFI.money (YFII). OKCoin recently listed several major DeFi focused tokens including Compound… Read More

October 13, 2020 @ 9:00 am By Omar Faridi  |  

We recently connected with Ray Youssef, the CEO at Paxful, a leading peer to peer Bitcoin exchange, which reported a 274% increase in new registrations in Turkey, during the past year, on its platform. There was also an average of $65,000+ in monthly trade volume… Read More

October 10, 2020 @ 2:00 pm By Omar Faridi  |  

  Binance, the world’s largest digital asset exchange, notes that cryptocurrency markets took a major hit in September 2020 as Bitcoin (BTC) and Ethereum (ETH) recorded their first down month since June of this year. Binance also mentioned in its monthly report that despite the… Read More

October 10, 2020 @ 11:23 am By Omar Faridi  |  

The team at IOHK, an organization supporting the development of Cardano (ADA), a blockchain-based platform for creating decentralized applications (dApps), have introduced Marlowe, which serves as a new programming language for writing financial contracts. As noted in a blog post published on the IOHK website,… Read More

October 7, 2020 @ 10:35 pm By Omar Faridi  |  

The developers of Qtum (QTUM), a platform for creating decentralized applications that aims to leverage certain technical aspects related to the security of the Bitcoin (BTC) network while providing smart contract functionality (somewhat similar to Ethereum), have confirmed that the month of September 2020 continued… Read More

October 7, 2020 @ 8:32 pm By Omar Faridi  |  

The developers of Aave, an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, have announced that they’re introducing Centrifuge – which aims to bring real-world asset markets to the Aave protocol. Isa… Read More

October 7, 2020 @ 6:22 pm By Omar Faridi  |  

Blockchain-powered apps are designed to be more open and transparent than their traditional versions. According to Coinbase, this can be beneficial because individuals and organizations are able to inspect these projects and can also confirm that everything is working as it should. However, it’s also… Read More

October 7, 2020 @ 8:52 am By Omar Faridi  |  

Ava Labs, an organization focused on building Avalanche so that the platform can empower people to create “an open, simple, and democratic internet of finance,” has introduced the newest class of grant recipients for Avalanche-X, which is an accelerator program for blockchain developers focused on… Read More

October 6, 2020 @ 10:24 pm By Omar Faridi  |  

MANTRA DAO (distributed autonomous organization), a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors, has teamed up with Bondly in order to bring cryptocurrency to the “new generation” digital economy. The MANTRA DAO team… Read More

October 6, 2020 @ 6:13 pm By Omar Faridi  |  

Joel Edgerton, COO at bitFlyer, a crypto-asset exchange that’s licensed to operate in Japan, the United States, and Europe, recently shared his views about the court case and charges brought against the Bitcoin Mercantile Exchange (BitMEX), a leading digital asset derivatives exchange. Edgerton also shared… Read More

October 4, 2020 @ 4:55 pm By Omar Faridi  |  

Chainalysis, a leading blockchain analysis and security firm, has provided an update regarding the recent KuCoin exchange hack, which led to around $280 million in digital assets being stolen (according to estimates confirmed by many industry participants). Chainalysis noted that on September 25, 2020, hackers… Read More

October 3, 2020 @ 4:54 pm By Omar Faridi  |  

Wing, a credit-based cross-chain (decentralized finance) DeFi platform developed on the Ontology blockchain, was launched in September 2020. The platform has helped with laying the foundation or groundwork for building solutions to support the growth of Ontology’s DeFi ecosystem. The Ontology team claims that the… Read More

October 3, 2020 @ 3:39 pm By Omar Faridi  |  

DeFi (decentralized finance) growth continued this week as Galaxy Digital, a full-service crypto merchant bank, made strategic investments in Parafi, a digital asset fund focused on DeFi investments. As noted by KuCoin exchange (which was hacked recently): “Following bitcoin (BTC) and ethereum’s (ETH) trajectory, leading… Read More

October 3, 2020 @ 10:49 am By Omar Faridi  |  

Jay Kurahashi-Sofue, VP of Marketing at Ava Labs, an organization focused on building Avalanche so that the platform can empower people to create “an open, simple, and democratic internet of finance,” has noted that leading up to the official launch of the Avalanche mainnet, it… Read More

October 2, 2020 @ 1:27 pm By Omar Faridi  |  

The developers at MANTRA DAO, a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors, have confirmed that they’ve officially launched their staking platform. The MANTRA DAO team noted that they’re pleased to announce that… Read More

October 1, 2020 @ 11:39 pm By Omar Faridi  |  

Ontology (ONT), a high-throughput or “high-performance” blockchain for developing decentralized applications (dApps), has now recorded over 6.1 million dApp transactions on its mainnet (since it was launched). There are at least 82 dApps that have now been released on the Ontology mainnet, according to the… Read More

October 1, 2020 @ 10:27 pm By Omar Faridi  |  

The developers at Kava (KAVA) have noted that Kava.io serves as a cross-chain decentralized finance (DeFi) hub. It provides various applications and services to major cryptocurrency networks. According to its developers, the Kava platform operates as a “decentralized bank” for crypto-assets. It helps users connect… Read More