Tagged: decentralized finance

August 31, 2020 @ 10:55 am By Omar Faridi  |  

Digital currency exchanges Bitrue and OKEx claim that they’ll be offering both decentralized finance (DeFi) and centralized (CeFi) services. Jay Hao, CEO at OKEx, says that the leading crypto exchange, which regularly handles billions of dollars in daily trading volume (but has also been accused… Read More

August 29, 2020 @ 7:10 pm By Omar Faridi  |  

Bluzelle, a “decentralized” data network, has released new information about an oracle that aims to improve security for so-called decentralized finance (DeFi) initiatives. The new oracle will also be able to interact with “fully” decentralized databases. The decentralized Bluzelle Oracle will offer key infrastructure in… Read More

August 29, 2020 @ 6:02 pm By Omar Faridi  |  

The Avalanche team, which develops blockchain-powered apps including those involving decentralized finance or DeFi, claims that its mainnet release candidate, called Everest, has been “outstanding thus far.” The Avalanche project developers noted that over 650 full, block-generating transaction validators are taking part in activity on… Read More

August 29, 2020 @ 11:13 am By Omar Faridi  |  

The Oasis Foundation, which supports the development of the Oasis Network and its ecosystem, has revealed that it will be integrating with Chainlink’s (LINK) “decentralized” oracles, in order to provide support for decentralized finance (DeFi) apps. The integration will also support privacy-oriented blockchain dApps implemented… Read More

August 26, 2020 @ 5:51 pm By Omar Faridi  |  

The decentralized finance (DeFi) space is growing rapidly. Oracle protocols like Chainlink, BAND and Gravity have experienced a significant increase in adoption in a cryptocurrency market that’s still highly speculative and plagued by market manipulative and wash trading. Fetch.ai, an open-access machine learning network established… Read More

August 26, 2020 @ 2:11 pm By Omar Faridi  |  

Decentralized finance (DeFi) projects continue to secure funding, despite the economic uncertainty created due to COVID-19. As covered, capital secured by DeFi lending projects surged 150% in April of this year, but more general Fintech and digital assets initiatives had recorded a 57% drop in… Read More

August 25, 2020 @ 10:58 pm By Omar Faridi  |  

Radix DLT Ltd, the developer of a “high-throughput” or high-performance protocol for creating decentralized applications (dApps), crypto, or blockchain-based tokens and coins, reveals that it has implemented four new technology solutions that could help decentralized finance (DeFi) achieve mainstream adoption. The Radix team notes that… Read More

August 25, 2020 @ 8:51 pm By Omar Faridi  |  

MANTRA DAO (distributed autonomous organization) describes itself as a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors. The MANTRA team notes: “MANTRA DAO leverages the wisdom of the crowd to create … a transparent,… Read More

August 25, 2020 @ 7:38 pm By Omar Faridi  |  

The team at Messari, an online database for the digital asset sector that offers key data insights, pricing, and research on cryptocurrencies, has argued that Yearn.Finance’s YFI token is one of the least costly or reasonably priced assets in the emerging decentralized finance (DeFi) sector…. Read More

August 25, 2020 @ 6:37 pm By Omar Faridi  |  

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, has been awarded an Electronic Money Institution (EMI) license by the UK’s financial regulator, the Financial Conduct Authority (FCA). Aave Ltd received… Read More

August 22, 2020 @ 6:35 pm By Omar Faridi  |  

The Avalanche team, which develops blockchain-powered apps including those involving decentralized finance or DeFi, says it’s been working to ensure Avalanche has “a successful, decentralized launch” while offering a great user experience. The developers at Avalanche, which is led by Cornell computer science professor Emin… Read More

August 22, 2020 @ 5:33 pm By Omar Faridi  |  

The Qtum Foundation, which supports the ongoing development of Qtum (QTUM) (an open-source public blockchain-enabled platform that leverages the security of UTXO while enabling several virtual machines including the Ethereum Virtual Machine), has announced a special grant program for DeFi (decentralized finance) developers. The Qtum… Read More

August 21, 2020 @ 3:04 pm By Omar Faridi  |  

Crypto exchange OKEx notes that the recent surge in the digital asset market, which is being led by Bitcoin (BTC), the flagship cryptocurrency, has been driven by the explosive growth of the decentralized finance or DeFI ecosystem. The OKEx team confirms that Ethereum (ETH) experienced… Read More

August 18, 2020 @ 10:55 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, has teamed up with MYKEY, in order to bring MYKEY’s core technologies, including its Smart Wallet and digital identity, and also MYKEY’s ecosystem to IRISnet’s “internet of blockchains.” Through the partnership,… Read More

August 18, 2020 @ 8:23 pm By Omar Faridi  |  

Qtum (QTUM), an open-source public blockchain-enabled platform that leverages the security of UTXO while enabling several virtual machines including the Ethereum Virtual Machine (EVM), notes that suddenly everyone is talking about decentralized finance or DeFi. Indeed, the DeFi ecosystem is expanding rapidly, despite the risks… Read More

August 17, 2020 @ 10:44 pm By Omar Faridi  |  

Blockfolio, which provides blockchain and crypto industry updates with detailed pricing, market data, news, and direct updates from key players, reveals that 32% of people responding to a survey said they do not know anything about decentralized finance or DeFi. The Blockfolio online survey, which… Read More

August 17, 2020 @ 8:55 pm By Omar Faridi  |  

Huobi Group, a major blockchain and digital assets service provider that operates cryptocurrency exchanges and related services, has revealed that it has launched Huobi DeFi Labs. According to a release, Huobi DeFi Labs will focus on research, investment, and incubation of decentralized finance projects. The… Read More

August 16, 2020 @ 9:36 pm By Omar Faridi  |  

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, now has a market cap of more than $1 billion (at the time of writing). In February 2020, the entire decentralized finance… Read More

August 16, 2020 @ 7:52 pm By Omar Faridi  |  

The number of transactions conducted on the Ethereum (ETH) blockchain have increased by over 2x in 2020, when compared to last year. The world’s second-largest blockchain (behind only Bitcoin) is now handling around the same number of transactions as it did back in January 2018,… Read More

August 15, 2020 @ 5:20 pm By Omar Faridi  |  

Yam Finance, a decentralized finance (DeFi) protocol, recently saw its token price come crashing down to zero within minutes on August 13, 2020. Other DeFi tokens such as Balancer, Compound, Balance, and Yearn Finance also crashed. Compound, which is the second-largest DeFi protocol, right behind… Read More