In the volatile cryptocurrency market, a trending ICO seems impossible. Due to waning crypto activity and fluctuating prices, many cryptocurrency projects have encountered growth difficulties. However...
Tag: DeFi
Investment Firm Paradigm Still Optimistic About Crypto — Says ‘Issues at FTX Are Precisely Ones Defi Can Solve’ – Featured Bitcoin News
Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ...
Proton DEX Revolutionizes DeFi With True Decentralization That Gives Customers Control Of Digital Assets At All Times
Cutting out the middleman of centralized exchanges, Proton DEX provides DeFi users with enhanced digital asset trading capabilities in a non-custodial environment SAN FRANCISCO–(BUSINESS WIRE)–Metalli...
INSERTING and REPLACING Umee to Launch the Ojo Chain, an Oracle for the Cosmos Ecosystem with First-of-its-Kind DeFi Risk Assessment Features
Ojo formally succeeds Orion, Umee’s original V1 cosmos oracle responsible for over one million daily transactions NEW YORK–(BUSINESS WIRE)–Insert after third paragraph of release: “The Ojo chain is go...
Solana’s 54% TVL Plunge Leads DeFi Decline
The total value locked (TVL) across major DeFi protocols — as well as related smart contracts — has dipped outside the bounds of typical volatility since the collapse of FTX. Though the declines so fa...
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days – Bitcoin News
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in ...
Gemini Earn unable to meet customer redemptions as Genesis unit pauses withdrawals
Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Decentralized Platform & DeFi is Formost-The Lesson Learnt After the SBF’s FTX Collapse
As the centralized crypto exchanges fume, the decentralized, DeFi protocols are gaining huge popularity. Data front the popular analytic platform Nansen suggests a huge jump in the DeFi protocols in t...
Uniswap (UNI) Registers 6% Rally As DeFi Activity Increases
UNI, the native cryptocurrency of Ethereum-based decentralized exchange (DEX) Uniswap is up by 6% today currently trading at a price of $6.34 and a market cap of $4.8 billion. In the last 5 days, the ...
DeFi protocol Oxygen held 95% of supply on FTX
Solana-based decentralized prime brokerage platform Oxygen Protocol revealed on Nov. 15 that 95% of its MAPS and OXY tokens supply were held on bankrupt crypto exchange FTX. 1/ The MAPS and Oxygen tea...
FTX was custodian for majority of tokens on DeFi lending platform Oxygen
DeFi prime brokerage Oxygen said FTX acted as the custodian for the majority of the tokens on its ecosystems, adding that it has sought legal help. “Whilst FTX Group did not hold any equit...
DeFi Weekly Exchange Volume Hits $32 Billion Amid FTX Collapse
The shockwaves from FTX’s historic collapse are still being felt across the industry today, but some industry segments, like DeFi, are actually doing better because of it. Trading volumes on decentral...
Over $500M flew out of Solana in a week, DeFi TVL down 63%
The total value locked (TVL) in Solana (SOL) network’s decentralized finance (DeFi) ecosystem stood at $330 million as of Nov. 14 — signifying a drop of 96.75% from a peak of $10.17 billion in Decemb...
Crypto Traders Are Flocking to DeFi After FTX Exchange Implosion
Key Takeaways The decentralized futures platform GMX has seen an increase in use following the collapse of FTX. Last week, GMX registered a new all-time daily high trading volume of $1.17 billion. Oth...
FTX Fallout Wipes Out $700M From Solana DeFi
“Solana has undoubtedly taken a massive blow, and the consequences of this blow seem far more dramatic and painful than for other blockchains,” Alexei Kulevets, co-founder of Walken told CoinDesk in a...
These Cardano DeFi Projects’ User Base Surges at Double-digit Rate After FTX Collapse
Gamza Khanzadaev Cardano DeFi projects win from FTX collapse as user base growth rate surges The collapse of FTX, once one of the world’s largest crypto exchanges, marked a renaissance in decent...
3 best DeFi coins to invest: Tamadoge, BNB, and Uniglo.io
Recent analysis suggests GLO, BNB, and TAMA could be the best options for your portfolio over the next few months. Some say GLO is the pick of the bunch and could be ready to explode in price despite ...
Eric Voorhees Thinks Regulators Are Unaware of How DeFi is Aiding Them
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
A New Take On What DeFi Can Be
Ethos is putting self-custody with powerful features in the spotlight once again while offering an easy and intuitive interface. In this review, we will be taking a look at what Ethos is, what it has ...
FTX Hack Spooks Solana DeFi, Igniting Revolution at Alameda-Controlled Serum DEX
Lending protocol Solend, Jupiter, automated market maker Raydium, stablecoin swap shop Mercurial Finance and other Solana-based DeFi traders, as well as centralized entities including Phantom wallet, ...
Pantera Capital reflects on FTX situation and importance of DeFi in latest Blockchain Letter update
Pantera Capital CEO, Dan Morehead, posted a tweet late last night addressing the fallout of the ongoing FTX situation and how it highlights the importance of what Pantera is building. FTX underscores ...
Crypto Insider Says FTX-Backed US Politicians Face Difficult Decision on Upcoming DeFi Regulation – Here’s Why
Politicians backed by the embattled digital asset exchange FTX have a difficult decision ahead, according to Ron Hammond, the director of government relations for crypto lobbying group Blockchain Asso...
FTX Showed the Problems of Centralized Finance, and Proved the Need for DeFi
Despite sell-offs, Uniswap, Balancer, Curv, and other decentralized exchanges (DEXs) and decentralized finance (DeFi) platforms have been functioning smoothly, enabling users to exit their crypto posi...
Why DeFi is Set to Take Over From Traditional Finance
Given the wider macroeconomic issues, it’s a little surprising that decentralized finance (DeFi) is not yet as widely accepted as it should be. The issue is an educational one, as the benefits of DeFi...
DeFi Platform DFX Finance Says it Has Been Hacked for $7.5M
DFX Finance, a stablecoin trading platform that is backed by Polychain Capital and True Ventures has confirmed that it has been hacked for $7.5 million. The trading platform said the exploit started a...
Abracadabra’s MIM Stablecoin Used by DeFi Attackers, Here’s How
Vladislav Sopov Attackers have stolen over $111,000 in MIM tokens, exploiting oracle vulnerability Contents Attackers get over $110,000 in MIM, oracles to blame MIM briefly loses its peg amid Binance/...
DeFi Is Broken, And This Project Intends To Fix It
The decentralized finance industry is often seen as the “Wild West”, because it’s a space where anyone can launch a new token or dApp and make a bunch of promises, only to pull the rug from under thei...
Are custody services a threat to DeFi protocols?
Decentralization is part of the cryptocurrency industry’s core, with various protocols trying over time to achieve the level of decentralization that Bitcoin (BTC) managed to get as it grew organicall...
DeFi TVL Tanks 20% Following Crypto Market Woes
Decentralized finance (DeFi) has felt the impact of the market crash that happened on Wednesday. The space which had already been struggling due to low interest had seen its total value locked (TVL) t...