DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning […]
DeFi
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Kava Labs has launched its first application: a yield-generating decentralized finance (DeFi) platform for bitcoin (BTC) and other non-Ethereum assets. The product, called Harvest and built on the Kava blockchain, allows users to stake their crypto so it can be lent out to other users. Harvest will initially support deposits […]
The Chicago DeFi Alliance, launched in April 2020, is poised to help members make a killing from the recent decentralized finance (DeFi) craze. So many billions of dollars worth of assets are now cycling through various DeFi projects, at such erratic rates, that while you’re reading this the estimates are […]
Uniswap’s governance token, UNI, which was launched Wednesday night, has been on a roller-coaster ride in the past 24 hours, but despite the price volatility the total market cap of UNI could make the automated market maker (AMM) one of the most valuable decentralized finance (DeFi) projects in the coming […]
Ethereum whales undoubtedly drive the decentralized finance (DeFi) movement, but many people making money on DeFi trends are just regular Joes, so to speak. One such trader, who asked to go only by Joe, is a math student at a Canadian university. Just by playing with Ethereum software and his […]
Blockchain-based lending and trading systems known as “decentralized finance,” or DeFi, have dominated recent cryptocurrency-market headlines, with collateral locked into the semi-automated platforms surging 10-fold this year to more than $9 billion. DeFi trading platforms like Uniswap, Curve and Balancer have appealed to cryptocurrency traders with their low cost and ease of use, and they’re now starting […]
Bitcoin is making gains not seen since early September; the amount of BTC locked in DeFi hits six figures. Bitcoin (BTC) trading around $10,778 as of 20:00 UTC (4 p.m. EDT). Gaining 0.70% over the previous 24 hours. Bitcoin’s 24-hour range: $10,252-$10,950 BTC above its 10-day and 50-day moving averages, […]
Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they are now trying to reposition themselves as integral parts of this exploding sector, particularly as […]
Data company DeFi Pulse and investment-minded Set Protocol have created a permissionless index of the very best DeFi tokens, called the DeFiPulse Index. DeFi Pulse has become the key source of information for assessing which projects are leading and which ones are rising, judged by the total amount of crypto […]
The already highly priced YFI governance token for yEarn.Finance has jumped an additional $6,000 on the news it’ll be listed on Coinbase Pro. Source link
This column has written in recent weeks about the surprising possibility that cryptocurrency markets might have become the new home for capitalism, in an environment where central banks and governments are intervening deeply in markets while picking corporate winners via emergency aid. If anything, the ridiculousness of the recent weeks’ saga involving the deliciously […]
Crypto.com’s new Defi Swap product will provide yet another platform on which users can token swap and yield farm. Source link
Square is pushing back against crypto patent hogs, Binance is doubling down on DeFi and what’s the story with crypto’s latest attempt at a backdoor public listing. Top shelf Patent posseSquare, the bitcoin-friendly payments company, is building an “alliance” to pool crypto patents and preserve the industry’s open-source spirit. The non-profit Cryptocurrency […]
Shiv Malik is the author of two books, the co-founder of the Intergenerational Foundation think tank and a former investigative journalist for the Guardian. He currently evangelizes about a new decentralized data economy for the open source project Streamr. Last week, the eminent anthropologist and co-founder of the Occupy movement, […]
Binance continues to chase after decentralized finance, known as DeFi, by giving its new Binance Smart Chain access to its centralized exchange. Source link
Bitcoin was rising for a second straight day, to about $10,281, after a rapid sell-off earlier in the week. “In a flash, investors have gone from running for the hills to buying the dip,” Mati Greenspan, founder of the cryptocurrency and foreign-exchange analysis firm Quantum Economics, told clients in an […]
Uniswap fork SushiSwap has begun migrating $830 million of crypto assets to a new community-owned automated market maker (AMM). The process began at approximately 14:15 UTC, when testing the migration first began. The event is perhaps the largest test to date of a growing mood in DeFi: that all major […]
Huobi, the third-largest crypto exchange by derivatives trading volume, is now giving users a way to earn relatively attractive interest rates on a bitcoin or USDT savings account. The product, launched Sept. 7, is the exchange’s latest bid to beat its competitors as it boosts its assets under management. Huobi’s […]
NGC Ventures, Hashed, CMS Holdings, Genesis Block and Kenetic Capital also led the round. Source link
Yearn.Finance aspires to be the gateway to a bevy of yield-generating products in the Ethereum ecosystem. After a rapid ascent in August 2020, there is now $650 million worth of crypto assets staked in Yearn, seeking the best returns in the booming decentralized finance (DeFi) sector. The prospect of what […]
Bitcoin is stuck around $10,000 with little price action while some ether holders have pulled out of the DeFi ecosystem. Bitcoin (BTC) trading around $10,014 as of 20:00 UTC (4 p.m. ET). Slipping 1.1% over the previous 24 hours. Bitcoin’s 24-hour range: $9,920-$10,439 BTC below its 10-day and 50-day moving […]
A Lightning-based derivatives platform took in pre-seed capital, a new blockchain analyst will try to track down missing funds from the defunct QuadrigaCX exchange and CoinDesk looks at how retail interest in DeFi compares to the infamous ICO bubble. Top shelf DeFi interest?Retail interest in decentralized finance (DeFi) applications remains quite low […]
eToro’s GoodDollar initiative will provide a universal basic income for some of the world’s poorest by incentivising people to yield farm on its platform. Source link