Tagged: defi

September 5, 2020 @ 2:05 pm By Omar Faridi  |  

Digital asset exchange OKEx, which offers both cryptocurrency spot and derivatives trading, has listed 24 decentralized finance (DeFi) tokens in just the past month – which seriously calls into question the company’s business policies given the large number of scams in DeFi space. However, OKEx… Read More

September 5, 2020 @ 2:03 pm By Omar Faridi  |  

The Liquidations System of the Maker Protocol, which supports a leading Ethereum (ETH) based lending system, is a key element that has been developed to ensure that the stablecoin Dai generated in Maker Vaults “remains adequately collateralized.” The Maker Protocol is central or key to… Read More

September 4, 2020 @ 2:11 pm By Omar Faridi  |  

Binance, the world’s largest cryptocurrency exchange, has launched a “Smart Chain.” As explained by Binance, the new chain will run parallel or alongside its other blockchain network, Binance Chain. Binance Chain will be used to issue smart contracts and manage the staking mechanism for BNB… Read More

September 3, 2020 @ 11:18 pm By Omar Faridi  |  

Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, confirms that the organization recently acquired Quorum from J.P. Morgan. Quorum is a platform that serves as a private, enterprise version of Ethereum (ETH). As covered, ConsenSys has also received an investment from J.P. Morgan…. Read More

September 3, 2020 @ 8:11 am By Omar Faridi  |  

StakeHound, which issues crypto tokens that allow users to access decentralized finance (DeFi) while being able to earn staking rewards, claims that it has developed “stake-backed” tokens so that digital currency traders can enjoy “the best of both worlds: liquidity and yield.” StakeHound’s management noted… Read More

September 2, 2020 @ 10:51 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, has revealed that its decentralized finance (DeFi) and interchain Bifrost testnet are scheduled to go live on September 2, 2020. The platform’s new testing environment will check the “unique” DeFi features… Read More

September 1, 2020 @ 5:50 pm By Omar Faridi  |  

Linda Xie, co-founder at Scalar Capital, advisor at the 0x Project, and former product manager at Coinbase, says that if you’re a VC focused on investing in Fintech projects, then you really need to know what’s going in the so-called “decentralized” finance (DeFi) space, which… Read More

August 31, 2020 @ 11:07 pm By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, has introduced Mettalex, a “decentralized” crypto, and commodities derivatives trading platform. As mentioned in an update shared with Crowdfund Insider: “Working alongside a consortium of steel mills, shipping companies, trading… Read More

August 31, 2020 @ 3:30 pm By Omar Faridi  |  

Synthetix, a “decentralized” asset management protocol that offers non-custodial mimetic trading, had briefly surpassed the $1 billion mark (according to DeFi Pulse data). However, the decentralized finance (DeFi) market has experienced a somewhat strong correction, as around $1 billion in value has been lost almost… Read More

August 31, 2020 @ 10:55 am By Omar Faridi  |  

Digital currency exchanges Bitrue and OKEx claim that they’ll be offering both decentralized finance (DeFi) and centralized (CeFi) services. Jay Hao, CEO at OKEx, says that the leading crypto exchange, which regularly handles billions of dollars in daily trading volume (but has also been accused… Read More

August 29, 2020 @ 7:10 pm By Omar Faridi  |  

Bluzelle, a “decentralized” data network, has released new information about an oracle that aims to improve security for so-called decentralized finance (DeFi) initiatives. The new oracle will also be able to interact with “fully” decentralized databases. The decentralized Bluzelle Oracle will offer key infrastructure in… Read More

August 29, 2020 @ 6:02 pm By Omar Faridi  |  

The Avalanche team, which develops blockchain-powered apps including those involving decentralized finance or DeFi, claims that its mainnet release candidate, called Everest, has been “outstanding thus far.” The Avalanche project developers noted that over 650 full, block-generating transaction validators are taking part in activity on… Read More

August 29, 2020 @ 11:13 am By Omar Faridi  |  

The Oasis Foundation, which supports the development of the Oasis Network and its ecosystem, has revealed that it will be integrating with Chainlink’s (LINK) “decentralized” oracles, in order to provide support for decentralized finance (DeFi) apps. The integration will also support privacy-oriented blockchain dApps implemented… Read More

August 26, 2020 @ 5:51 pm By Omar Faridi  |  

The decentralized finance (DeFi) space is growing rapidly. Oracle protocols like Chainlink, BAND and Gravity have experienced a significant increase in adoption in a cryptocurrency market that’s still highly speculative and plagued by market manipulative and wash trading. Fetch.ai, an open-access machine learning network established… Read More

August 26, 2020 @ 2:11 pm By Omar Faridi  |  

Decentralized finance (DeFi) projects continue to secure funding, despite the economic uncertainty created due to COVID-19. As covered, capital secured by DeFi lending projects surged 150% in April of this year, but more general Fintech and digital assets initiatives had recorded a 57% drop in… Read More

August 25, 2020 @ 10:58 pm By Omar Faridi  |  

Radix DLT Ltd, the developer of a “high-throughput” or high-performance protocol for creating decentralized applications (dApps), crypto, or blockchain-based tokens and coins, reveals that it has implemented four new technology solutions that could help decentralized finance (DeFi) achieve mainstream adoption. The Radix team notes that… Read More

August 25, 2020 @ 8:51 pm By Omar Faridi  |  

MANTRA DAO (distributed autonomous organization) describes itself as a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors. The MANTRA team notes: “MANTRA DAO leverages the wisdom of the crowd to create … a transparent,… Read More

August 25, 2020 @ 7:38 pm By Omar Faridi  |  

The team at Messari, an online database for the digital asset sector that offers key data insights, pricing, and research on cryptocurrencies, has argued that Yearn.Finance’s YFI token is one of the least costly or reasonably priced assets in the emerging decentralized finance (DeFi) sector…. Read More

August 25, 2020 @ 6:37 pm By Omar Faridi  |  

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, has been awarded an Electronic Money Institution (EMI) license by the UK’s financial regulator, the Financial Conduct Authority (FCA). Aave Ltd received… Read More

August 22, 2020 @ 6:35 pm By Omar Faridi  |  

The Avalanche team, which develops blockchain-powered apps including those involving decentralized finance or DeFi, says it’s been working to ensure Avalanche has “a successful, decentralized launch” while offering a great user experience. The developers at Avalanche, which is led by Cornell computer science professor Emin… Read More