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Why DeFi Might Be Safer Than Traditional Finance
22.7.2022
Transparency, overcollateralization and automation in DeFi could reduce financial risks
Defi TVL and Smart Contract Platform Tokens Swell in Value With ETH, ETC Leading the Pack
22.7.2022
The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days. Since the value locked in defi reached a 2022 low of $70 billion on June 19, the defi ecosystem’s...
Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades
21.7.2022
During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen...
Gamers plug into DeFi through the new Razer rewards partnership
21.7.2022
Razer’s rewards program is partnering with Cake DeFi to allow gamers and customers to redeem points for DeFi tokens
Consensys to Tokenize Smart Contract and Blockchain Audits via TURN Token Launch
20.7.2022
The Ethereum-centric and decentralized protocols software firm Consensys has announced the launch of TURN token, or “Time-Unit Representative NFTs.” Consensys details that TURN tokens will create a new market for tokenized security auditing via Consensys Diligence, the firm’s...
Lido co-founder discusses the future of Ethereum at EthCC
20.7.2022
For Vasily Shapovalov, the magnitude of the proof-of-stake transition could cause unforeseeable problems
US federal agency issues legal advisory on NFT investments
20.7.2022
The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate
Dragonfly Capital Leads $13M Round for DeFi Infrastructure Startup XLD Finance
19.7.2022
XLD Finance offers cross-border financial tools for emerging markets
Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration
19.7.2022
India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international...
Celsius Network Defends Bitcoin Mining Plans Amid Bankruptcy
19.7.2022
The renowned crypto lender Celsius Network defends its Bitcoin mining plans amid bankruptcy concerns. The New Jersey-based venture gained approval from Martin Glenn, a US Bankruptcy Judge, to spend 3.7 million dollars on building a new mining facility. Additionally, the venture is spending...
Lido Finance Will Soon Offer Staked Ether on Layer 2 Networks, Proposes to Sell LDO For DAI
19.7.2022
stETH's expansion to layer 2 means lower fees and more yield-generating opportunities for investors staking ether
Plasma.Finance & Ren Protocol V3 Partner for DeFi Cross-Chain Bridging
19.7.2022
Plasma.Finance recently announced a partnership with Ren Protocol v3. The collaboration will see the projects offering DeFi cross-chain bridging support for EVM and non-EVM chains. It includes Bitcoin, Dogecoin, Bitcoin Cash, stablecoins, and many more. Plasma.Finance aims to expand its all-in-one...
Ethereum staking service Lido announces layer-two expansion
19.7.2022
Lido Finance has announced plans to offer its ETH staking services across the entire L2 system, as long as specific networks have “demonstrated economic activity.”
Cross-Chain Infrastructures: The Solution to Liquidity Fragmentation in Decentralized Finance (DeFi)
18.7.2022
Decentralized Finance (DeFi) has emerged as a rival to the traditional finance economy; this nascent crypto niche made a hallmark debut in the summer of 2020 following the launch of governance tokens and yield farming incentives. Two years down the line, a total of 4.8 Million unique wallets have...
Crypto winter has 250 days left if the market cycle repeats: Grayscale
18.7.2022
The crypto industry has endured some infamous bear markets, and the 2022 downturn will be remembered for its acid test of decentralized finance platforms and over-leveraged trading
India needs global collaboration to decide on crypto's future, says finance minister
18.7.2022
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation
Indian Finance Minister Echoes Central Bank's Crypto Ban Call, but Says Global Collaboration Is Required
18.7.2022
Fiinance minister After questions from a member of parliament about cryptocurrencies legislation, has said that India's central bank has proposed legislation prohibiting cryptocurrencies but that any legislation requires global collaboration
India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework
17.7.2022
India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under the framework. G20 Urged to Bring Crypto Under Automatic Exchange...
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto
16.7.2022
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide...
Finance Redefined: DeFi market fell off the cliff in Q2, but there’s hope
15.7.2022
Analytical data reveals that DeFi’s total value locked registered a minor dip from the past week, falling to a value of $56.45 billion