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Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’
29.10.2020
Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared. In a charged Oct. 26 tweet, Powell said...
EcoChain’s Capital Logic Will Transform the DeFi Ecosystem
29.10.2020
Decentralized finance(DeFi) has taken the blockchain network by a storm and is now arguably the most discussed topic. Although it has been a roller coaster ride, the DeFi network has grown enormously in size and number. Today, the total value locked in DeFi contracts is more than $11b. Forex Market...
Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million
26.10.2020
Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven...
Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring
23.10.2020
Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have...
Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live
23.10.2020
PRESS RELEASE. Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them, we aim to bring the true value of yield farming finance accessible to all users, we offer the most secure and simple way to earn reliable...
Ethereum set to become first blockchain to settle $1 trillion in one year
23.10.2020
The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year
Yield farming fuels 623% growth in DAI supply to nearly $1B
22.10.2020
Demand for Ethereum-based stablecoins exploded during the third-quarter DeFi bubble, with DAI’s supply growing by more than 600% and USDC expanding 200%
Harvest Finance Doubles Total Value Locked to $704M in One Week
21.10.2020
Harvest Finance’s dramatic growth took place during a time when enthusiasm around the DeFi space has slowly hit a wall
Coinend: 1,2,3 Take off – New Gamified Crypto Prediction Platform
21.10.2020
Coinend has announced the launch of its cryptocurrency gamified platform. GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama. It allows users to predict the closing price based on hourly, daily and weekly prices of various...
Mainstream DeFi is ‘inevitable’: US currency comptroller
21.10.2020
The U.S acting comptroller of the currency believes the role banks play in society will soon be transformed by crypto assets and DeFi
DiFy.Finance (YFIII) Is an In-Development Software Fork of Yearn.Finance (YFI)
16.10.2020
DiFy.Finance, like YFI, the platform it is based on, is an environment of decentralized finance (DeFi) lending aggregators: it allows users to provide liquidity for the ecosystem by parking their cryptocurrency tokens in a smart contract vault and earning interest in return. By the virtue of...
Bitcoin and Ether now account for 44% of the value locked in DeFi
15.10.2020
Despite $4B worth of BTC and ETH being locked in DeFi over the past five months, the two top coins still account for less than half of the sector’s TVL
DeFi Pulse unveils safety ratings to allow users to compare risk
14.10.2020
DeFi Pulse and Gauntlet have released a new tool to improve users’ risk awareness of major DeFi projects
Will a Sharded Ethereum Be Flexible Enough for Decentralized Finance?
13.10.2020
Over the past year composability has become a very real competitive advantage for DeFi. Will Ethereum's upcoming overhaul threaten it?
Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI
12.10.2020
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to...
Wolf of Wall Street on steroids: DeFi may be a bubble, but it’s making us stronger
11.10.2020
We’re in the middle of the greatest wealth transfer in human history, with DeFi finally solving the problem of financial inclusion
Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%
11.10.2020
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi)...
Crypto banks are going to swallow fiat banks in 3 years — or even less
10.10.2020
In three years, a younger generation of banking customers won’t do business with a traditional fiat bank unless it offers access to crypto
Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral
10.10.2020
There’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors. The project called Boringdao, a decentralized bridge between Ethereum and alternative blockchains, plans to launch...
Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI
9.10.2020
On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals...