DeFi Pulse fixed a bug that led to a substantial misreporting of total value in decentralized finance protocols, former acting White House chief of staff Mick Mulvaney joined the Chamber of Digital Commerce and there’s a new stablecoin that functions like a savings account. Top shelf Fresh capitalCrypto projects are raising funds as the industry continues to build out decentralized protocols. Ethereum data firm Dune Analytics, a Github-like platform which provides DeFi insights, has raised $2 million led by Dragonfly Capital and included Multicoin Capital, Coinbase Ventures, DCG and DeFi angels. Meanwhile, Skynet Labs, a startup formerly known as Nebulous, has raised a $3 million […]
DeFis
8 posts
Kapil Rathi is CEO of CrossTower, a crypto exchange and structured products provider. He has held senior leadership roles at Cboe, Bats, ISE and the New York Stock Exchange. Everyone has fallen in love with decentralized finance (DeFi). We’re all giddy about it. One subset of DeFi is the ever so popular decentralized exchange (DEX). DEXs, such as 0x, Uniswap and Kyber, have tried to compete with centralized exchanges by offering a peer-to-peer trading model, which theoretically requires no intermediaries and no deposits on a centralized exchange. There’s one big problem: liquidity or, more specifically, a lack of liquidity. In the […]
A South Korean crypto exchange has been raided by police, Bitcoin’s Lightning Network hit a new high and mining revenues are climbing. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Full stack Sushi/UniThere is a battle for dominance to become the top decentralized exchange in the DeFi space. Uniswap, a venture capital backed project, meant to create a more open and customizable crypto exchange, is being challenged by an upstart unaudited adaption called SushiSwap. Part of a trend of “Weird DeFi” projects – frequently […]
There are more addresses than ever as part of Bitcoin’s “rich list,” the Federal Reserve is looking to change tack on inflation and another firm is putting its cash reserves into bitcoin, not a bank account. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Rich listThe “Bitcoin Rich List,” or the number of wallets with at least 1,000 BTC (~$11.5 million), is at a record high. There are approximately 2,190 rich list addresses, surpassing the previous record of 2,184 […]
Ledger suffered a data breach, crypto mining in India comes with questions and a new decentralized finance (DeFi) looks to offer lending and saving opportunities for PoS token holders. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Anchor AweighLiquidity mining is coming to proof-of-stake (PoS) blockchains. Anchor, the new DeFi platform from Terra, Cosmos, Web3 Foundation and Solana, is designed to launch with a governance-token reward. Version 1 will go live in October, according to a Terra co-founder, offering […]
The digital advertising token briefly became bigger than ether in the decentralized finance space, thanks to popular lending protocol Compound. Source link
The first large minting of MakerDAO’s dai stablecoin using a bitcoin synthetic has occurred, signaling user demand for inter-blockchain asset support on Ethereum’s largest decentralized finance (DeFi) protocol. Crypto lending platform Nexo minted $4 million dai Wednesday by using WBTC as collateral. “This really showcases the latent demand for non-ETH assets,” MakerDAO founder Rune Christensen said in a tweet, “and it’s the beginning of a broader trend of DeFi acting as an economic vacuum that will eventually attract almost all value to the Ethereum blockchain.” Adding exposure to bitcoin is a major step by DeFi’s leading protocol, giving Maker lenders access […]
The top bitcoin derivatives product is now available on decentralized finance (DeFi). Andreessen Horowitz-backed dYdX released its Bitcoin Perpetual Contract from private alpha on Wednesday, bringing the most liquid digital asset derivative to Ethereum’s burgeoning DeFi market for non-U.S. investors. Unlike similar futures products, perpetual contracts don’t expire at a set time. “For the first time, users can trade the most popular financial product in crypto – BTC perpetual contracts – on a decentralized exchange,” dYdX founder Antonio Juliano said in a private message. dYdX’s newest derivative will offer 10x leverage and no expiry, with margin and settlement conducted in USD […]