Tagged: defi

December 18, 2022 @ 10:40 pm By Omar Faridi  |  

THORChain, a non-custodial decentralized native asset protocol that enables wallets, decentralized exchanges (DEXs), and users to seamlessly transfer their digital assets across blockchains, has completed its integration with Trust Wallet, a self-custodial and multi-chain wallet provider. This integration “unlocks decentralized multichain swaps for the more… Read More

December 15, 2022 @ 3:09 pm By Omar Faridi  |  

Sommelier, the automated DeFi portfolio management platform, announces that it has launched Ethereum DeFi strategy tokens “for the first time on Injective, a layer 1 Cosmos blockchain optimized for finance.” Sommelier is a blockchain/DLT-based platform “built with the Cosmos SDK that executes advanced crypto portfolio… Read More

December 4, 2022 @ 2:53 pm By Omar Faridi  |  

Valour Inc., a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralized finance, announced a partnership with Autostock, a Swedish trading platform “to launch an automated trading strategy designed to capture weekly effects… Read More

December 3, 2022 @ 5:02 pm By Omar Faridi  |  

CyVers claims it is a leading provider of “proactive” Web3 Security for the centralized, decentralized finance and smart contract applications “via detection and interception of crypto attacks across blockchains.” The company has announced an $8 million investment round “led by Elron Ventures.” This funding is… Read More

December 3, 2022 @ 4:29 pm By Omar Faridi  |  

The team at Binance is pleased to announce that Binance Custody has “completed our SOC 2 Type 1 and SOC 2 Type 2 attestations.” Their completion demonstrates their commitment “to information security and privacy protection by closing the year with an array of security examinations.”… Read More

December 1, 2022 @ 5:25 pm By Omar Faridi  |  

Daylight, an Application Programming Interface (API) that aggregates Web3 perks all in one place, has raised $3M in a seed round “co-led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi), and Chapter One, an early stage venture… Read More

November 28, 2022 @ 3:19 pm By JD Alois  |  

Crypto markets are far off from their all-time highs, and today another crypto firm announced a bankruptcy filing due to FTX collateral damage. 2022 is not so much a crypto-winter but perhaps a crypto-ice age. The failure of FTX has harmed the entire crypto sector,… Read More

November 21, 2022 @ 4:52 pm By Omar Faridi  |  

MakerDAO, which claims to the “longest-standing” decentralized finance (DeFi) lending protocol and creator of DAI, the original, decentralized stablecoin, announces the launch of Maker Teleport, a multichain infrastructure for teleporting DAI across different blockchain networks. Maker Teleport is now “available on the smart contract chains… Read More

November 21, 2022 @ 4:18 pm By Omar Faridi  |  

THORChain, the non-custodial decentralized exchange (DEX) that opens access to native and cross-chain liquidity, has launched its single-sided staking capabilities, “allowing community members to take advantage of decentralized finance (DeFi) while maintaining full ownership of their native Bitcoin (BTC) or other assets.” For the “first… Read More

November 19, 2022 @ 7:07 pm By Omar Faridi  |  

The blowup of FTX and resulting market tumult has many in cryptocurrency citing the importance of “a core, original tenet of blockchain technology: transparency,” according to an update from Chainalysis. Chainalysis claims that “no other sector of the crypto ecosystem “embodies transparency more than DeFi,… Read More

November 11, 2022 @ 3:40 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has “selected 12 top-performing projects for season 5 of its accelerator program.” The new season “officially kicked off on November 7.” The biannual and “chain-agnostic” Binance Labs Incubation Program “offers a 8-week curriculum tailored to… Read More

November 8, 2022 @ 10:03 pm By Omar Faridi  |  

Friktion, Solana’s portfolio management platform launched in December 2021, has successfully attracted crypto-native and traditional institutions “managing up to $60 billion in AUM who seek to access leading risk-adjusted and transparent yields on DeFi.” Friktion Institutional is “a new arm of the protocol aimed to… Read More

November 7, 2022 @ 9:43 am By Omar Faridi  |  

The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralized Finance (DeFi) protocols “as part of its 2022 work program.” Project Mariana “explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore… Read More

November 2, 2022 @ 12:08 pm By JD Alois  |  

DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public blockchain to test FX trading and government securities transactions. According to DBS, the first industry pilot included JP Morgan, and SBI Digital Asset… Read More

November 1, 2022 @ 10:44 pm By Omar Faridi  |  

Sei, a first sector specific Layer 1 specialized for trading and fastest chain to finality, joins together with Alpha Venture DAO, a Web 3.0 venture builder, “to deliver the most competitive incubation program, ‘Alpha Incubate Batch 2’ to DeFi builders.” They are collaborating to give… Read More

November 1, 2022 @ 9:15 am By Lee Schneider  |  

Blockchain seems to be an endless source of misunderstanding and myth-making, to the extent that sometimes it is treated as a form of magic. This needs to stop.    Blockchain is awfully cool, it solves an important issue for the internet age, and it is… Read More

November 1, 2022 @ 7:43 am By Omar Faridi  |  

The ‘Learn & Earn’ course launched with Revolut will “broaden newcomers’ understanding of DeFi and help to shape their decentralized future experience in an easy, fun and efficient way.” Aiming to empower more people with DeFi knowledge, the 1inch Network is happy to announce “the… Read More

October 25, 2022 @ 9:25 am By JD Alois  |  

QuickSwap, a decentralized crypto exchange and automated market maker (AMM), has shut down QuickSwap Lend following an exploit. According to a Tweet by the platform, approximately $220,000 was pilfered in a “flash loan” due to a vulnerability. ⚠️QuickSwap Lend is closing⚠️ 🔗$220k was exploited in… Read More

October 24, 2022 @ 9:30 pm By Omar Faridi  |  

Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD), which claims to be the leading self-custodial cryptocurrency software platform, and Polygon Technology, a developer of Polygon, the Ethereum scaling blockchain protocol Polygon supporting Web3 technology for millions of users, recently announced “the addition of Polygon support in… Read More

October 24, 2022 @ 8:31 am By Omar Faridi  |  

Ottr, a Web3 mobile app that makes holding crypto easier and more secure than ever, is pleased to announce it has “closed on a $3.1 million pre-seed funding round led by Race Capital with participation from Circle Ventures, Slow Ventures, and Kamal Ravikant.” Ottr will… Read More