Tagged: defi

January 11, 2022 @ 10:30 pm By Omar Faridi  |  

As the crypto and blockchain space continues to grow steadily, decentralized autonomous organizations (DAOs) are becoming more common (because they provide a way to enable decentralized governance). After its MainNet launch back in June 2018, the 3-year-old TRON blockchain platform has developed its own DAO… Read More

January 11, 2022 @ 4:23 pm By Tony Zerucha  |  

While the dollar values of cryptocurrencies associated with fraud and other illegal activities continues to row, it is important to keep those numbers in context, one industry watcher cautions. As cryptocurrency-based transaction volumes surge, the amounts associated with illegal activity are naturally going to grow…. Read More

January 11, 2022 @ 2:03 am By Omar Faridi  |  

Amber Group, a firm that helps clients buy and sell cryptocurrency products, earn yield, manage risk, and access liquidity, notes that one of the most “pressing” challenges that the Ethereum (ETH) network faces is scalability. In an extensive report, Amber Group explained that this issue… Read More

January 9, 2022 @ 11:51 pm By Omar Faridi  |  

The team and developers at Waves Protocol, which is an open blockchain protocol and development toolset for Web 3.0 apps and decentralized solutions, noted in an update that from automated market makers or AMM exchanges to “viral” products and innovative mechanics, this past 12 months… Read More

January 6, 2022 @ 4:42 pm By Tony Zerucha  |  

While cryptocurrency-based crime reached historical highs in 2021, it pales in comparison to overall adoption increases, a draft of Chainalysis’ 2022 Crypto Crime Report shows. Addresses identified as illicit by Chainalysis received $14 billion in 2021, nearly double the $7.8 billion seen in 2020. There… Read More

January 6, 2022 @ 2:13 pm By Omar Faridi  |  

DeFi protocol Exotic Markets has reportedly secured $5 million in capital from various prominent VCs and investors. In addition, the private token sale round attracted a lot of attention, as demand for structured products in decentralized finance has picked up, according to an update shared… Read More

January 6, 2022 @ 8:03 am By Omar Faridi  |  

The team at Bitcoin-focused firm Casa recently shared some notable privacy and security stories from last year. Casa wrote in a blog post that as technology continues to make advances, the world of privacy and security changes along with it. The end of 2021 saw… Read More

January 5, 2022 @ 2:38 pm By Omar Faridi  |  

Binance Labs has reportedly invested $12 million in WOO Network as the two parties focus on further expanding their long-standing relationship. As mentioned in an update from Binance Labs, the investment will aim to “support WOO Network’s rapid expansion through talent acquisition, research and development,… Read More

January 5, 2022 @ 2:12 pm By Omar Faridi  |  

The VeChain Foundation, a non-profit entity established in Singapore, recently revealed that they’re pleased to confirm that following months of development, the contract for VeUSD, VeChain’s first native stablecoin, will “soon go live on mainnet, ushering in a new era for VeChainThor.” With their international… Read More

January 5, 2022 @ 11:04 am By Omar Faridi  |  

Kyle Waters and Nate Maddrey from Coin Metrics have noted that after a “transformative” 2021 marked by all-time highs for most of the major digital assets and “key on-chain metrics,” expectations are now quite high for the crypto and blockchain space this year. In their… Read More

January 4, 2022 @ 5:53 pm By Omar Faridi  |  

The team at ARPA reveals that they’re partnering with Wintermute, a global algorithmic market maker in digital assets. As explained in the update, Wintermute will help ARPA for liquidity provision on centralized and decentralized exchanges. It will support ARPA fiat currency pairs like ARPA/EUR, ARPA/USD,… Read More

January 4, 2022 @ 10:01 am By Omar Faridi  |  

The team at IOST says that 2021 was a year of “highs and lows” for not only IOST but the entire blockchain and cryptocurrency ecosystem. They’ve noted that they’re thankful for IOSTIANS for staying with them through this “wild ride.” Now that they’ve got some… Read More

January 3, 2022 @ 10:19 pm By Omar Faridi  |  

The Neoverse has entered into a “new chapter.” In order to celebrate the launch of the N3 MainNet, NGD (or NEO Global Development) launched Neoverse — which is described as an NFT mint and collection campaign carried out “with multiple developer communities, ecosystem projects, and… Read More

January 3, 2022 @ 11:37 am By Omar Faridi  |  

The team at IOHK, which supports the development of major blockchain platform Cardano (ADA), says that 2021 was the year robots, and “graffiti came to a decentralized, smarter Cardano.” The update posted by IOHK noted that Beeple used to illustrate their write-ups, however, art NFTs… Read More

January 1, 2022 @ 10:21 pm By Omar Faridi  |  

Surojit Chatterjee, Chief Product Officer at Coinbase (NASDAQ: COIN), notes that 2021 proved to be “a breakout year for crypto” with Bitcoin (BTC) price gaining nearly 70% YoY, DeFi hitting $150B in value locked, and NFTs “emerging as a new category.” Chatterjee has shared his… Read More

December 30, 2021 @ 3:07 pm By Omar Faridi  |  

At digital assets firm Gemini, they are focused on developing the next generation of financial services by leveraging the transformative power of blockchain or distributed technology (DLT) and cryptocurrency. Via the Gemini Frontier Fund — their strategic venture investment division — the company has  embarked… Read More

December 29, 2021 @ 7:21 pm By Omar Faridi  |  

The Coin Metric State of the Network Report #135 notes that decentralized finance (DeFi) has experienced tremendous growth during the past few years. At present, the most widely-used metric to measure DeFi adoption is called “Total Value Locked”, or TVL. According to Coin Metrics researchers,… Read More

December 29, 2021 @ 6:04 am By Omar Faridi  |  

Chainalysis reveals that scams were once again the largest form of cryptocurrency-based crime by “transaction volume,” with more than $7.7 billion worth of crypto taken from unsuspecting victims globally. As noted by Chainalysis, that represents an increase of 81% compared to last year, a year… Read More

December 28, 2021 @ 7:04 pm By Tony Zerucha  |  

The American Blockchain PAC is urging American legislators to look to the future and not inhibit the transformative power of blockchain technology through heavy-handed regulation. The organization is an independent, non-profit committee that lobbies federal legislators to support blockchain-based and cryptocurrency-based initiatives.. On Dec. 8,… Read More

December 28, 2021 @ 2:18 am By Omar Faridi  |  

This week, crypto (again) reached “record levels” of investment while industry professionals gathered to predict the key trends for the sector in 2022, the team at Sygnum Bank wrote in a blog post. At the same time, Sygnum has introduced a structured product offering (what… Read More