Tagged: defi

September 3, 2024 @ 4:22 pm By JD Alois  |  

The House Financial Services Committee, Subcommittees on Digital Assets, Financial Technology, and Inclusion & Oversight and Investigations, has scheduled a meeting on DeFi. Entitled “Decoding DeFi: Breaking Down the Future of Decentralized Finance, the hearing was previously scheduled for July and then postponed. The hearing… Read More

August 27, 2024 @ 4:25 pm By JD Alois  |  

DeFi firm MakerDAO has rebranded as Sky. In a release, Sky indicated that SubDAOs will now become “Sky Stars.” Sky has also released its new stablecoin, USDS, pegged to the US dollar. A New Sky.money website and app are expected to launch to provide a… Read More

August 21, 2024 @ 9:54 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Corn, a platform that claims to be the first super yield network built around Bitcoin. Corn is an Ethereum Layer 2 network focused on establishing a decentralized finance (DeFi) hub for Bitcoin…. Read More

August 13, 2024 @ 8:10 am By Omar Faridi  |  

Elliptic, the global authority in cryptoasset risk management, is pleased to announce the integration of Injective, a layer-1 blockchain tailored for decentralized finance (DeFi), into its extensive suite of screening and investigation products. This integration emphasizes Elliptic’s ongoing dedication “to delivering compliance and analytics solutions… Read More

August 7, 2024 @ 10:01 am By Omar Faridi  |  

We recently connected with Ally Haire, CEO and Founder of Lilypad, which is described as a serverless, distributed computing network for AI, ML, and other computational processes. Recently, it was reported that Elon Musk is going to build a “gigafactory of compute,” and while the… Read More

August 7, 2024 @ 8:23 am By Tony Zerucha  |  

While Deutsche Telekom’s support for blockchain initiatives is welcome, Chirp founder and CEO Tim Kravchunovsky believes it could go further to help foster wider blockchain adoption. Chirp is a decentralized telecommunications network. Kravchunovsky said Deutsche Telekom should offer more support for budding DePIN projects as… Read More

August 1, 2024 @ 9:02 am By Omar Faridi  |  

Copper, a firm focused on digital asset custody, collateral management and prime services has partnered with Radix, a decentralized network that aims to provide a radically better user and developer experience for Web3 and DeFi applications. By integrating the custody of Radix (XRD) within Copper’s… Read More

July 30, 2024 @ 1:30 pm By JD Alois  |  

The Biden Administration has sought to undermine the digital asset industry. Leading the anti-crypto charge has been Gary Gensler, the Chairman of the Securities and Exchange Commission. As President Joe Biden has recently exited the Presidential campaign, this may lead to a change in policy posture for the current… Read More

July 29, 2024 @ 7:45 am By Omar Faridi  |  

Oracles have become the Achilles Heel of DeFi – their failures represent the root cause of most hacks. Despite the critical role that the oracle layer plays, innovation within the space has alarmingly lagged behind the broader DeFi ecosystem’s meteoric growth since blockchain’s inception. While… Read More

July 24, 2024 @ 1:24 pm By JD Alois  |  

The House Financial Services Committee has placed two more hearings of note on its calendar. First is a hearing on ESG, or Environmental, Social, and Governance—a buzzy word that took industry by storm only to recede as the nebulous concept emerged as a distracting political… Read More

July 22, 2024 @ 4:23 pm By Omar Faridi  |  

Exodus and Syrup have revealed a new partnership. Users of the Exodus wallet can now access Syrup and “earn 18% net APY on USDC as well as ‘double Drips’ on their deposit, boosting SYRUP token rewards.” Exodus’ multi-chain desktop and mobile wallet “enables secure peer-to-peer… Read More

July 16, 2024 @ 8:11 am By Tony Zerucha  |  

Decentralized computing platform Chainlink and Starknet, the secure scaling technology bringing Ethereum’s benefits to the world, announced this week that Chainlink Data Feeds, a data solution for DeFi, are now live on Starknet mainnet. Starknet is an ecosystem that helps developers to overcome Ethereum’s scalability limitations while ensuring computational integrity. The… Read More

July 3, 2024 @ 9:02 pm By Omar Faridi  |  

In support of a more efficient DeFi market, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced an investment in RedStone. RedStone is reportedly one of the “fastest-growing” modular oracles in 2024 “that delivers diverse, high-frequency data feeds to EVM Layer1,… Read More

June 29, 2024 @ 6:26 pm By Tony Zerucha  |  

Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts with links to Binance and Microsoft, Tomarket is designed to address markets and user needs beyond those already provided for by… Read More

June 24, 2024 @ 7:40 am By Omar Faridi  |  

ARK Invest says it aims to deliver long-term capital appreciation by investing in the leaders, enablers, and beneficiaries of disruptive innovation. ARK has shared a detailed report that explores the potential impact of disruptive innovations, including AI and decentralized virtual currencies like Bitcoin and Ethereum…. Read More

June 15, 2024 @ 9:12 pm By Michael Wong  |  

Qiro Finance, a Singapore-headquartered decentralized finance (DeFi) startup founded by Akshay Poshatwar and Nishikant Bahalkar, announced a successful $1.2 million funding round to develop a decentralized credit protocol aimed at bridging the significant credit gap in emerging markets. The startup said it is innovating at… Read More

June 9, 2024 @ 11:12 am By Omar Faridi  |  

Blockdaemon recently introduced its DeFi API. The Blockdaemon DeFi API reportedly “simplifies DeFi interactions, enhances liquidity management, offers unified asset tools, and caters to B2B2C and institutional needs.” The Blockdaemon DeFi API is described as being “the complete institutional solution for seamless, secure, and efficient… Read More

June 3, 2024 @ 6:42 am By Omar Faridi  |  

Talos, the provider of institutional trading technology for digital assets, announced the acquisition of Skolem, a technology provider that enables institutional investors to access decentralized finance (DeFi) markets safely and effectively. The acquisition of Skolem will enhance Talos’s existing platforms “by enabling clients to incorporate… Read More

June 1, 2024 @ 11:15 am By Omar Faridi  |  

Chainlink, the “decentralized” computing platform, and Circle, a global financial technology firm and the issuer of USDC and EURC, have partnered in order “to expand stablecoin utility for enterprise institutions with Circle’s developer platform and Chainlink services.” Chainlink and Circle will work together “to educate… Read More

May 24, 2024 @ 11:59 am By Omar Faridi  |  

Fireblocks claims that it has consistently led the way in providing the fastest and most diverse range of blockchain support. With a growing list of over 60 supported blockchains, Fireblocks enables customers to securely custody tokens “on the latest chains and quickly build innovative services… Read More