Tagged: defi

March 14, 2021 @ 10:49 am By Omar Faridi  |  

Chainlink notes in a blog post that “secure, up-to-date” price data is the “centerpiece” of many financial applications. This data is regularly used to initiate transactions and “derive” various other instruments and products, particularly in decentralized finance (DeFi) protocols, Chainlink explained. The decentralized Oracle network… Read More

March 7, 2021 @ 12:48 pm By Omar Faridi  |  

Decentralized finance (DeFi) continues to lead the cryptocurrency market bull run, while Bitcoin  (BTC) is “holding steady” according to a report from OKEx. The exchange noted that last week’s digital assets price action may have “some of you ready to exit the roller coaster,” but… Read More

March 6, 2021 @ 4:07 pm By Omar Faridi  |  

The developers of the YIELD Fintech investment App have launched their Ethereum (ETH) fund, which will allow their users to earn as much as 20% APY on cryptocurrency’s second-biggest asset, Ether . The YIELD App team noted that this adds to their current “stable of… Read More

March 6, 2021 @ 4:04 pm By Omar Faridi  |  

With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued. However, with many new exploits frequently taking place, there’s been significant… Read More

March 4, 2021 @ 3:22 pm By Omar Faridi  |  

AllianceBlock has partnered with DIA (Decentralized Information Asset), the open-source financial information platform that “sources and validates data” for market participants including DeFi platforms and also traditional institutions. According to AllianceBlock, the partnership will see DIA integrate “several elements” of AllianceBlock’s protocol, which has been… Read More

February 28, 2021 @ 6:34 pm By Omar Faridi  |  

Crypto exchange OKCoin confirms in a new report that Ethereum (ETH) scaling has recently seen a boost, while the total value locked in decentralized finance (DeFi) has plummeted. DeFi pulse data shows that there’s currently just under $35 billion worth of value locked in DeFi… Read More

February 27, 2021 @ 12:53 pm By Omar Faridi  |  

The developers of The Graph, which serves as an indexing protocol for “organizing and efficiently accessing” data from blockchains and storage networks, have revealed that indexing and querying are now live on the Fantom Layer 1 Blockchain. As mentioned in the update, the Fantom layer… Read More

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

February 24, 2021 @ 8:16 am By Omar Faridi  |  

We recently connected with Markus Jun, the founder and CEO of ICON Hyperconnect Public Representative, a leading block validator for the ICON network with $20 million in total staked value, and Hyperconnector, an official accelerator partner of the ICON Foundation & ICX Station Seoul. Markus… Read More

February 22, 2021 @ 10:46 am By Samantha Hurst  |  

Bitwise Asset Management, a provider of crypto-asset index and beta funds, announced on Monday the launch of the Bitwise Decentralized Finance (DeFi) Crypto Index Fund. According to Bitwise, the formal index methodology is public and is overseen and adjusted on an ongoing basis by the Bitwise… Read More

February 18, 2021 @ 8:09 pm By Omar Faridi  |  

Blockchain platforms Qtum and Blockpass have teamed up in order to deliver on-chain (or blockchain-based) Know-Your-Customer (KYC) services. As part of the agreement, Qtum will be providing subsidies to “specific” members looking to achieve regulatory compliance through Blockpass’s On-chain KYC solutions. Adam Vaziri, CEO at… Read More

February 18, 2021 @ 5:05 pm By Omar Faridi  |  

Injective Labs, which supports the Injective Protocol, a “fully decentralized” layer-2 derivatives exchange protocol powering cross-chain trading and decentralized finance (DeFi), has revealed that leading (blockchain network transaction) validators globally will be joining Injective’s Equinox Staking testnet as its genesis (first set of blocks) validators…. Read More

February 17, 2021 @ 4:35 pm By Omar Faridi  |  

After receiving a grant from the Avalanche-X program, Axelar and Avalanche are teaming up to “realize” their shared vision or goal of achieving decentralized interoperability. Axelar aims to expand its “decentralized,” cross-chain communication network to include Avalanche, which is building the “Internet of finance.” As… Read More

February 16, 2021 @ 7:41 pm By Lee A. Schneider  |  

Fellow DeFi adherents, let’s slow down on the outrage about GameStop (NYSE:GME) and the traditional finance system (TradFi).   Blockchain and DeFi offer lots of advantages over TradFi, but TradFi is not completely broken and DeFi is not necessarily vastly superior.  Two core characteristics make… Read More

February 16, 2021 @ 7:35 pm By Omar Faridi  |  

The developers of The Graph, which serves as an indexing protocol for “organizing and efficiently accessing” data from blockchains and storage networks, claim that the decentralized finance (DeFi) boom is just the beginning of the massive Web 3.0 innovation that’s about to take place in… Read More

February 16, 2021 @ 1:35 pm By JD Alois  |  

Technicorum Holdings has announced that Daniel Daboczy, c0-founder of international crowdfunding platform FundedByMe, has been selected as their new Chief Executive Officer (CEO). Daboczy announced that he was stepping down as CEO of FundedByMe back in November of 2020. Technicorum Holdings, based in Singapore, is… Read More

February 15, 2021 @ 8:27 am By Omar Faridi  |  

We recently caught up with Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta. Dr. Ellul discussed how blockchain-based smart contracts are streamlining routine business processes. He also talked about his research interests which include… Read More

February 15, 2021 @ 8:02 am By Omar Faridi  |  

The team at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” notes that Kyber Network Token’s (KNC) very first liquidity mining program was scheduled… Read More

February 11, 2021 @ 11:44 pm By Omar Faridi  |  

The developers of the Kyber Network (KNC), which provides a tool that allows traders to exchange tokens instantly without having to use exchanges, have published their Ecosystem Report for January 2021. As confirmed in the update, Kyber 3.0, the “most ambitious and important change” to… Read More

February 11, 2021 @ 10:35 pm By Omar Faridi  |  

DeFi architect Andre Cronje notes that Yearn.Finance has “blazed the path for community run and developer first open collectives that acted as Badgers blueprint.” Badger is a Bitcoin-on-Ethereum yield vault initiative. As explained on its website, users are able to deposit tokenized Bitcoin in Sett… Read More