Tagged: defi

November 30, 2020 @ 8:17 pm By Omar Faridi  |  

Chainlink (LINK), a “decentralized” Oracle network that securely connects various blockchain-based smart contracts with data from “the real world,” recently revealed that its platform has enabled 77 different smart contract use cases. LINK tokens are currently trading for around $13.70 and they have a market… Read More

November 29, 2020 @ 6:42 pm By Omar Faridi  |  

Andre Cronje, a decentralized finance (DeFi) architect who has created Yearn.Finance, a yield optimization protocol for stablecoins, has confirmed that Yearn and Cover Protocol have joined forces. Cronje, who’s also involved in other initiatives like Curve.finance, an efficient stablecoin automated market maker, notes that “providing… Read More

November 28, 2020 @ 4:43 pm By Omar Faridi  |  

Mercurity Fintech Holding Inc., which leverages blockchain or distributed ledger technology (DLT) to assist businesses with conducting “instant” cross-border transactions and remittance payments (through banks or financial institutions), has released its third-quarter 2020 financial results (for the period ending September 30, 2020). Mercurity reports (generally… Read More

November 28, 2020 @ 12:51 pm By Omar Faridi  |  

Brian Armstrong, Co-founder and CEO at Coinbase, the leading US-based digital asset exchange, notes that this past week, the company heard rumors that the U.S. Treasury and Secretary Mnuchin had been planning to “rush out” some new regulations for self-hosted cryptocurrency wallets  – which would… Read More

November 25, 2020 @ 3:54 pm By Omar Faridi  |  

We recently caught up with Pradeep Goel, CEO of Solve.Care, which is a global healthcare blockchain technology platform. Solve.Care recently announced the launch of Definitize, a Decentralized Autonomous Organization (DAO) for healthcare financing. Definitize aims to improve access to care, which should enhance healthcare outcomes… Read More

November 25, 2020 @ 7:08 am By Omar Faridi  |  

Anchorage, a company that aims to help institutional investors with adopting digital assets, has partnered with Tokensoft to bring wrapped Filecoin (wFIL) to the Ethereum (ETH) blockchain. Diogo Mónica, Co-Founder and President at Anchorage, states that his organization is looking forward to welcoming wrapped Filecoin… Read More

November 23, 2020 @ 7:15 pm By Omar Faridi  |  

Reef Finance has reportedly integrated with Kava to provide “world-class” decentralized finance (DeFi) services to platform users. As noted in the announcement: “Kava [has] partnered with Reef Finance, the leading DeFi project in the Polkadot ecosystem. The cooperation will bring Kava’s collateralized loans, USDX stablecoins,… Read More

November 21, 2020 @ 2:14 pm By Omar Faridi  |  

The Waves Protocol team has teamed up with the developers of OKExChain in order to work on distributed ledger tech (DLT)-focused projects. The development of a cross-chain decentralized finance (DeFi) ecosystem and developer-friendly tools will be the primary focus of the collaboration between the Waves… Read More

November 21, 2020 @ 1:12 pm By Omar Faridi  |  

Analysts are still quite bullish on decentralized finance (DeFi) as increased capital flows indicate that the market is “primed to move higher,” according to a report from OKCoin. Following Bitcoin’s (BTC) ascent to around $18,700, major DeFi tokens have continued to surge as well. OKCoin’s… Read More

November 20, 2020 @ 7:10 am By Omar Faridi  |  

The Ethereum (ETH) price is up around 25% during the month of November 2020. ETH, the world’s second-largest cryptocurrency by market cap and adoption, is trading at a little over $500 at the time of writing. During this past week, Ethereum managed to reach a… Read More

November 19, 2020 @ 9:25 pm By Omar Faridi  |  

  We recently connected with Bruce Pon, Founder of Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data. Pon is also the CEO at BigChainDB, which is an organization that allows app… Read More

November 19, 2020 @ 7:23 pm By Omar Faridi  |  

Brendan Blumer, CEO at Block.one, the company behind EOS, one of the largest platforms for building blockchain-based decentralized applications (dApps), has acknowledged that the innovation in the decentralized finance (DeFi) space is “revolutionary.” However, the recent guidance provided by global regulatory authorities regarding crypto and… Read More

November 18, 2020 @ 7:38 am By Omar Faridi  |  

China-based Nervos, a major public blockchain-based network, has reportedly launched its own token standard, sUDT (Simple User-Defined Token), in order to compete with Ethereum’s widely-adopted ERC-20 standard. As mentioned in a release shared with Crowdfund Insider, the sUDT standard will allow blockchain or distributed ledger… Read More

November 17, 2020 @ 8:11 am By Omar Faridi  |  

The development 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,” recently partnered with Ramp in order to “ease the onboarding process” of… Read More

November 15, 2020 @ 6:18 pm By Omar Faridi  |  

We recently caught up with Pavel Bains, CEO at Bluzelle Networks, a company and platform that aims to develop fast, adaptive, and agile distributed ledger technology (DLT)-based solutions for the finance sector. Bains talked about the challenges associated with working on centralized platforms. He discussed… Read More

November 14, 2020 @ 4:26 pm By Omar Faridi  |  

After experiencing a strong correction earlier this month, leading decentralized finance (DeFi) tokens have been able to recover strongly, OKCoin reports. The San Francisco-based crypto exchange notes that DeFi tokens crashed in late-October 2020 and were performing poorly earlier this month as investors appeared to… Read More

November 13, 2020 @ 7:00 pm By Omar Faridi  |  

We recently caught up with Humayun Sheikh, CEO of Fetch.ai, an organization that’s focused on developing machine learning and AI-enhanced solutions for the emerging decentralized finance (DeFi) sector along with offering services that may be compatible with traditional financial platforms. Sheikh commented on the recent… Read More

November 13, 2020 @ 11:12 am By Omar Faridi  |  

Binance Launchpool, a new project designed to bring the decentralized finance (DeFi) experience to the crypto exchange’s users, has introduced a project, called Unifi Protocol DAO (distributed autonomous organization), which is “a working multi-chain smart-contract based DeFi solution.” As explained by the Binance team, Unifi… Read More

November 11, 2020 @ 11:46 am By Samantha Hurst  |  

  PlasmaPay, a global payment and remittance platform for decentralized finance (DeFi), announced on Wednesday it has formed a strategic partnership with Elrond, an internet-scale blockchain. PlasmaPay reported that the partnership will allow Elrond to integrate with the company’s fiat onramp solution and provide DeFi… Read More

November 11, 2020 @ 11:00 am By Stephanie Vaughan Weichsel  |  

We are now over three years into the decentralized finance market, and although we have renewed enthusiasm, the results haven’t begun to materialize in a meaningful way.  Ryan Selkis: Founder of Messario Crypto tweeted last week saying “You say “DeFi is just tech bros learning… Read More