Tagged: decentralized finance

June 16, 2020 @ 10:12 pm By Omar Faridi  |  

Decentralized VPN network, Orchid Protocol, is developing two Chainlink-powered decentralized oracle networks which will allow users to estimate the bandwidth cost on Orchid. Users will know how much they can expect to pay (approximately) in the native OXT token and US dollars. The OXT/USD feed… Read More

June 7, 2020 @ 5:53 pm By Omar Faridi  |  

The developers of Ethereum (ETH), the world’s largest smart contract platform, have been working for many years on the ongoing development of Ethereum 2.0 or Eth2, which is a major systemwide upgrade that will involve a transition from the current proof of work (PoW) consensus… Read More

June 6, 2020 @ 5:04 pm By Omar Faridi  |  

IRISnet and Kava Labs have teamed up in order to further support and promote decentralized finance (DeFi) application development on each other’s respective blockchain or distributed ledger technology (DLT) networks. The collaboration between Kava Labs and IRISnet will involve the whole interchain ecosystem that has… Read More

June 4, 2020 @ 11:51 pm By Omar Faridi  |  

Cornell computer science professor Dr. Emin Gün Sirer has revealed that AVA’s Denali testnet (test network), which went live on May 31, 2020, now has around 600 validators on board. AVA is an open-source platform for building and deploying decentralized finance (DeFi) apps and enterprise-grade… Read More

June 3, 2020 @ 12:17 am By Omar Faridi  |  

Brian Kerr, CEO at Kava Labs, notes during an interview with Alexandre Raffin at GAINS Associates that Cosmos’ value proposition is that “if you make a blockchain and it has a similar consensus mechanism to another blockchain …[then by using] … the inter-blockhain communication protocol… Read More

June 2, 2020 @ 12:31 am By Omar Faridi  |  

Businesses throughout the world are looking for ways to cope with the adverse effects of the COVID-19 outbreak. Governments across the globe have enforced lockdowns and recommended that people observe safe distancing measures to avoid the further spread of the Coronavirus. There are now over… Read More

May 31, 2020 @ 10:25 pm By Omar Faridi  |  

Tether, the blockchain-powered platform that’s used to power the largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial money market protocol, have reported a significant increase in demand for Tether (USDT). They claim that the surge in demand for USDT may be… Read More

May 27, 2020 @ 9:54 pm By Omar Faridi  |  

Telos, one of the most active blockchains or distributed ledger technology (DLT)-based platforms according to Blocktivity data, revealed on May 26, 2020, that Transledger will be using its blockchain network to perform cross-chain transactions in a fast and secure manner. As mentioned in a press… Read More

May 26, 2020 @ 7:38 am By Omar Faridi  |  

Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant… Read More

May 24, 2020 @ 10:48 pm By Omar Faridi  |  

  Ethereum-based anonymization protocol, Tornado.cash, has introduced “completely immutable”smart contracts, which developers claim will make the protocol “unstoppable.” Although the initiative’s developers boldly claim that Tornado.cash is committed to supporting  immutability and the “code is law” principle, Ethereum (ETH) ecosystem developers and community members have… Read More

May 23, 2020 @ 2:54 pm By Omar Faridi  |  

We recently talked to Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, a leading Ethereum (ETH) development studio based in New York. Before joining ConsenSys, Sokolin was the Global Director of Fintech Strategy at Autonomous Research, a firm that was eventually acquired by… Read More

May 18, 2020 @ 11:17 pm By Omar Faridi  |  

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the second version of the decentralized protocol has now been launched. The developers of Uniswap had noted in March 2020 that they would be releasing the second iteration of the decentralized finance (DeFi) protocol. Uniswap’s… Read More

May 18, 2020 @ 12:12 am By Omar Faridi  |  

A recent report from VC research firm, Ana.vc, reveals that there was a significant 57% decline in total funding allocated to digital assets and Fintech-focused projects during April 2020. Although there has been a considerable decline in cryptocurrency-related investments, the decentralized lending sector seems to… Read More

May 13, 2020 @ 10:45 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum-based lending system, is preparing to move to a multi-collateral DAI (MCD or Dai) system. The protocol’s community has closed down the single-collateral Dai (Sai) system, as the decentralized finance (DeFi) solution gets ready for the transition. MCD had been activated on… Read More

May 10, 2020 @ 5:29 pm By Omar Faridi  |  

A researcher from digital asset investment company, Paradigm, has co-published a whitepaper that describes a new type of decentralized finance (DeFi) lending protocol, which promises fixed-interest rates. Dan Robinson and Allan Niemberg, the authors of the Yield Protocol whitepaper, officially announced the initiative on May… Read More

May 6, 2020 @ 10:28 am By Omar Faridi  |  

Ray Youssef, CEO and co-founder at Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently shared his views and insights with Crowdfund Insider. Paxful says it’s on a mission to support “social justice through financial freedom worldwide.” The company offers a platform with… Read More

May 4, 2020 @ 11:35 pm By Omar Faridi  |  

Maker (MKR) governance token holders have decided (through community voting) to approve a proposal which recommends adding Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1-to-1 by Bitcoin (BTC), as the decentralized finance (DeFi) protocol’s (MakerDAO) newest collateral type. WBTC is an ERC-20 compliant token that… Read More

May 2, 2020 @ 10:33 pm By Omar Faridi  |  

Users of Compound, a decentralized finance (DeFi) lending solution, are now able to issue loans and borrow Tether (USDT), the largest stablecoin, following a recent poll of the protocol’s governance token holders. There were 797,981.28 votes that were cast in support of the proposal to… Read More

April 30, 2020 @ 2:29 pm By Omar Faridi  |  

Bison Trails, a blockchain “infrastructure-as-a-service” company, recently confirmed that it has added support for Keep Network, which serves as a privacy protection layer for Ethereum (ETH). Keep Network aims to address the challenges involved with allowing private and secure data to be used on a… Read More

April 29, 2020 @ 2:18 pm By Omar Faridi  |  

tBTC, an Ethereum (ETH)-based token that’s pegged to Bitcoin (BTC), the flagship cryptocurrency, is preparing for its public launch. During the course of the next two weeks, the tBTC project is planning to introduce its technical infrastructure with the help of more than 40 digital… Read More