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Defi Project Yfdex.Finance Vanishes With $20M Investors’ Funds Just Two Days After Launch
11.9.2020
Yfdex.Finance (Yfdex), a new liquidity mining pool, has reportedly exit scammed, making off with up to $20 million of investors’ funds. The decentralized finance (Defi) project convinced people to hand over their life savings following just two days of aggressive marketing on social media...
Despite Warnings from Regulators, the Ethereum Fueled Pyramid Scheme Forsage Thrives
11.9.2020
While Ethereum has seen a number of benefits from the decentralized finance (defi) movement and initial coin offerings (ICOs), more recently individuals have been leveraging ether for pyramid schemes and matrix cycler programs. One particular scheme crypto enthusiasts are discussing these days...
New DeFi Project Xfinance(XFI) ILO Presale Will Start Today
10.9.2020
As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform. XFI Presale Xfinance...
Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market
9.9.2020
Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets...
DeFi’s Good, Bad and Ugly
8.9.2020
Have we forgotten the ICO craze and how long it took to revitalize the crypto industry's image?
Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
6.9.2020
After a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit scamming, the developer transferred the project over to Sam Bankman-Fried, the CEO of the trading platform FTX. On Saturday, September 5, the decentralized finance (defi) community got upset...
Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY
4.9.2020
On September 3, 2020, the well known Yearn Finance defi project “paused” the popular ethereum liquidity vault (yETH) service, after locking in a significant $139 million. Yearn’s vault feature launched on Wednesday, and saw $100 million deposited on the first day. The vault hype...
Binance-backed WazirX is the latest Indian exchange to launch staking
2.9.2020
WazirX is the second Indian crypto exchange to launch in-app staking
Money Market Protocol Aave Settles $300 Million in Defi Flash Loans
2.9.2020
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time...
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume
31.8.2020
The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes...
Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets Held
31.8.2020
A lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30. The total value locked (TVL)...
Defi Project Yearn Finance Smashes Records as Native Token Surpasses $30K
30.8.2020
The decentralized finance (defi) crypto asset tied to the Yearn Finance project has smashed records this week, as the coin touched a high of $30,324 on Saturday evening. Yearn’s token YFI has been recently added to the Aave platform and the project’s founder, Andre Cronje, is currently...
Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
26.8.2020
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi...
Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol
24.8.2020
The decentralized finance (defi) ecosystem has matured quite a bit in 2020 and one project that’s seen some growth is the Ren Protocol. The application that allows people to access inter-blockchain liquidity for a number of defi applications. The following post is a step-by-step guide on...
Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin
20.8.2020
Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare...
$RMPL Launches, Revolutionizing the Cryptocurrency Market with a Decentralized Elastic Supply Model
17.8.2020
Announcing the official launch of $RMPL, an ERC20 cryptocurrency with an elastic supply model, redesigned to solve unfair market manipulation and exploitation. $RMPL is currently on Uniswap, and will soon be released on several popular cryptocurrency exchanges. RMPL is a decentralized finance...
Indian Crypto Exchange WazirX to Enter DeFi Amid Uncertain Regulations
15.8.2020
Indian crypto exchange WazirX plans to attract current users and institutional investors with its market maker protocol
Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He ‘Failed’
13.8.2020
Yield farmers excited about the recent decentralized finance (defi) project, Yam Finance, got a rude awakening after the token’s value plummeted in value to near zero. Yam Finance developers discovered a major flaw in the rebasing contract and at 4 a.m. ET, cofounder Brock Elmore tweeted that...
Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug
13.8.2020
A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited....
Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
12.8.2020
During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital...