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Bitpay Implements 1inch Network Support — Wallet Users Can Access Defi, Dex Aggregation
1.9.2021
On August 31, the Atlanta-based cryptocurrency payments services provider Bitpay announced that the Bitpay wallet has integrated the decentralized exchange (dex) aggregator 1inch Network. Bitpay wallet users can utilize 1inch protocol to swap ether or the myriad of ERC20 tokens. The Bitpay Wallet...
BCH Defi Project Detoken to Close Its Doors Over Regulatory Climate Toward Crypto Derivatives
30.8.2021
On August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021. The project’s founder, Semyon Germanovich, explained that the main reason for shutting the defi project down is because of the “changing...
Jack Dorsey Discusses Square Building a ‘Bitcoin-Native’ Dex Platform, Project Lead Shares Insight
28.8.2021
On Friday, the CEO of Twitter and Square, Jack Dorsey talked about the decentralized exchange Square is constructing called “TBD” or the “TBD BTC DEX.” First mentioned in July, Dorsey tweeted that the company has “determined [TBD’s] direction and he also...
Will Polkadot save decentralized finance from Ethereum’s scaling problem?
26.8.2021
Polkadot is trying to achieve scalability without compromising network security. Early signs suggest it may beat Ethereum 2.0 in the transaction fee race
Will Polkadot save decentralized finance from Ethereum’s scaling problems?
26.8.2021
Polkadot may beat Ethereum 2.0 in the transaction fee race
iBG: The Insured (POSI) DeFi Token Begins Its Highly Anticipated Yield Farming
19.8.2021
PRESS RELEASE. Singapore – Following the much-awaited launch of the world’s first and only insured (POSI) DeFi token on PancakeSwap, iBG users can now expect the roll-out of yield farming, which will give every member of the community more opportunities at maintaining liquidity...
LoFi-DeFi Fair Launch Is Set to Smash Records
11.8.2021
PRESS RELEASE. The last two weeks saw decentralized finance cryptocurrency startup LOFI-DEFI gain intense social adoption for what is positioned to be the biggest fair launch in DeFi history. Tens of thousands of investors have gathered in its combined international Telegram communities to await...
Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash
11.8.2021
On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network...
Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’
10.8.2021
On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020. The Poly Network hack on Tuesday is well above...
US SEC Shuts Down $30 Million Defi Money Market in First Decentralized Finance Bust
8.8.2021
The U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action involving decentralized finance (defi). The commission has charged a defi platform and its executives for unregistered securities sales of more than $30 million and misleading investors. SEC’s...
Aave price hits two-month high on Wall Street’s DeFi adoption hopes
5.8.2021
Bids for the lending platform token surged dramatically after Bitwise Investments announced an Aave-focused fund for institutional investors
US Senator Says Cryptocurrencies Put Americans’ Hard-Earned Money at Risk
28.7.2021
U.S. Senator Sherrod Brown says cryptocurrencies are not real dollars and they “put Americans’ hard-earned money at risk.” Referring to decentralized finance (defi) as “a shady, diffuse network of online funny money,” he said, “if we want a solution...
Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million
28.7.2021
The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018....
Goldman Sachs Files Defi ETF Application
27.7.2021
Goldman Sachs, one of the biggest banking institutions in the world, has filed an application to offer an Exchange Traded Fund (ETF) linked to the performance of decentralized finance (defi) companies. The instrument, if approved, would help institutions and retail investors gain exposure to defi...
Goldman Sach's new 'DeFi' ETF is anything but
27.7.2021
Goldman Sachs has filed for a “DeFi” ETF that will track major stocks including Nokia, Google, and Fujitsu
Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security
26.7.2021
The Binance Smart Chain has launched a $10 million bug bounty fund for projects building on top of the protocol, called “Priority One.” The initiative aims to keep the blockchain network secure by encouraging bug bounty hunters and ethical hackers. Binance Smart Chain Reveals...
DeFi projects face a painful dilemma right now as they seek ‘the holy grail’
26.7.2021
Many DeFi projects face a painful dilemma: Should their protocols be designed for professional traders, or everyday consumers yet to embrace crypto in their masses?
SEC Chairman Outlines Regulation of Crypto Assets Relating to Security-Based Swaps
22.7.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has clarified how cryptocurrencies falling under security-based swaps are regulated. He affirmed that platforms operating in the centralized or decentralized finance space are implicated by the securities laws....
Grayscale Investments Launches Defi Fund — Now Offers 15 Crypto Investment Products
20.7.2021
Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine...
Axie Infinity (AXS) axes almost half its value following 971% bull run
19.7.2021
The governance token earlier rallied exponentially despite dull price actions in the broader cryptocurrency market