According to statistics, decentralized finance-focused venture deal activity fell in May. In terms of dollars, funding for the sector fell to $176.30 million in May, the lowest level since September 2...
Tag: DeFi
Tether Launches Stablecoin on Tezos to Unlock New DeFi Products
Stablecoin operator Tether today announced it is expanding the list of blockchain networks supporting its flagship stablecoin USDT to Tezos, a proof-of-stake (Pos) platform for creating smart contract...
Here’s How Liquidity Pools are Keeping DeFi Alive
There’s no denying the fact that the concept of decentralized finance (DeFi) has garnered a lot of traction amongst crypto enthusiasts/ investors across the globe in recent years. In its most ba...
Cake DeFi Acquires European License to Operate as a Regulated Platform in Lithuania
5 hours ago | 2 mins read Defi News One of Singapore’s fastest-growing Decentralized Finance (DeFi) platforms has secured a crypto license from the Lithuanian Registrar of Legal Entities. It allows th...
DeFi Project ChangeX Lands Advisory Board From Major Industry Giants
[PRESS RELEASE – Sofia, Bulgaria, 9th June 2022] Hybrid Banking/DeFi project ChangeX is proud to announce the onboarding of a new advisory board, with experts of SoftBank, Merrill Lynch, and Citibank ...
DeFi Project ChangeX Lands Advisory Board From Major Industry Giants, ICO Oversubscribed by 180%
Hybrid Banking/DeFi project ChangeX is proud to announce the onboarding of a new advisory board with experts from SoftBank, Merrill Lynch, and Citibank fame. The move reflects ChangeX’s efforts to str...
DeFi Lending Platform AvaxFi secures VC funding from Zen Capital, a Web3 focused Venture Capital fund
The Venture Capital fund Zen Capital is a crypto fund that has quietly built a portfolio of promising companies. It’s led by a group of entrepreneurs and technologists who believe in the power of dece...
Ethereum, “The Merge”: What Developers Are Saying
Ethereum 2.0 is merging with Ethereum, the original. But transaction costs are not expected to come … [+] down anytime soon. Still, developers have high hopes that the upgrade will be a big boon...
Kava Introduces Simplified DeFi Strategies Through Kava Earn
Trading does not have to be complex with charts, dates, and many numbers in this digital age. Keeping this idea in mind, Kava Network launched its Kava Earn, a simplified DeFi strategies platform. The...
DeFi project ChangeX lands advisory board from major industry giants, oversubscribes ICO by 180%
Sofia, Bulgaria, 9th June, 2022, Chainwire Hybrid Banking/DeFi project ChangeX is proud to announce the onboarding of a new advisory board, with experts of SoftBank, Merrill Lynch, and Citibank fame. ...
Skolem Raises $20m in Series A Funding to Enable Institutions Access DeFi
Skolem Technologies, institutional-grade asset management and execution services provider based in New York, announced on Thursday that it has raised $20 million in Series A funding. Galaxy Digital l...
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
Solana Ventures and the Solana Foundation have formed a $100-million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Ko...
Cosmos-based DeFi Exchange Osmosis Hit by $5M Exploit
Osmosis, a decentralized exchange built using CosmosSDK, has been exploited, draining its liquidity pools for approximately $5 million. Developers have halted the Osmosis blockchain to prevent furthe...
NYDIG Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky
In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim ...
How The Crypto Winter Has Impacted The DeFi Sector
The crypto market trends to the downside as major assets are unable to break above local resistance. As per usual, the dominant trend picks winners and losers and unfortunately, the altcoin markets ha...
DeFi Protocol Osmosis Halted After $5 Million Theft
The Osmosis (OSMO) chain has been halted after a “critical bug” that may have led to the theft of $5 million from the decentralized finance (DeFi) protocol’s liquidity pools. Core developers and netwo...
DeFi venture funding deal activity fell in May, data shows
advertisement Decentralized finance-focused venture deal activity slumped in May, according to data gathered by The Block Research. Funding in terms of a dollar amount came in at $176.30 million for t...
Galaxy Digital Leads $20M Funding Round in DeFi Firm Skolem
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Solana bids $100M On DeFi, GameFi in South Korea
Solana is in the news today after it unveiled a new $100 million fund for South Korean web3 entrepreneurs. The funds were raised equally by Solana Ventures and the Solana Foundation, a Swiss organizat...
Terra’s Largest Defi Platform Plans To Wind Down After UST Crash
Terra’s largest DeFi platform, Anchor Protocol, has recently proposed freezing Anchor Earn and borrowing functions to protect it from attacks. Its community has finally voted in to decide its fate. An...
Ethereum’s total value locked in DeFi shrank 35% in May, while TRON’s rose 47%
At the end of April, Terra (LUNA) had more than $25 billion in total value locked (TVL), the second-largest decentralized finance (DeFi) ecosystem behind Ethereum. However, following the collapse of ...
How Sifchain Advances the DeFi Space With Omni-chain Solutions
Despite the recent downturn in crypto prices, decentralized finance, or DeFi, is still among the strongest sub sectors in the blockchain industry. According to crypto data aggregator DeFi Pulse, the t...
Cake DeFi Marks Third Anniversary with Reflections on Its Huge Milestones – crypto.news
Cake DeFi has paid out more than $317 million to its customers since its launch in 2019. The platform has committed $1 million to Environmental, Social, and Governance (ESG) initiatives and plans to b...
An NFT Project for DeFi and NFT Enthusiasts
The non-fungible token (NFT) market is booming, and it is expected to reach about $147 billion by 2026. Factors fueling NFT growth include celebrities’ NFT adoption, growing demand for digital artwork...
While DeFi Total Value Locked Fell by 51% Since the End of Q1, Arrakis Finance Amassed $1 Billion TVL – Press release Bitcoin News
press release PRESS RELEASE. Zug, June 08, 2022 — As markets continue to tumble, Arrakis Finance, a yet relatively unknown & tokenless project, just reached a new milestone — a total value locked ...
Cake DeFi Has Issued Over $317 Million In DeFi Rewards To Users In Three Years
The growing appeal of decentralized finance highlights the need for convenient solutions to explore passive income opportunities. Cake DeFi recently turned three years old and has already paid out ove...
Cardano Volume Surges As DeFi Development Ramps Up
It is no secret that Cardano remains the network with active developments going on at any point in time. This has now transferred over to the decentralized finance (DeFi) side of things where develope...
PoolTogether Gathers Support From The DeFi Community To Reach The $1.4 Million NFT Defence Funding Goal
PoolTogther is now selling three tiers of NFTs as part of a PoolyNFT fundraising campaign to fight a class-action lawsuit it believes has no basis. The NFTs are valued at 0.1, 1, and 75 ETH per token,...
Jason Choi A VC Veteran Describes DeFi As Its Worst Painful Transaction Of The Year
Coin that has been overhyped MINA, which gained news after its post-launch surge, is the only Layer 1 protocol to lose more than 90% of its value. Mr. Choi further said that the Cosmos (ATOM) ecosyste...
Record returns for Cake DeFi users- The Cryptonomist
These are record results at the end of the first quarter of the year for the Cake DeFi platform, founded in 2019 by Julian Hosp and U-Zyn Chua. In just a few years, it has managed to make its way into...
Liquidity In DeFi Should Be Democratized According To Cell Protocol
Cell Protocol strategy lead and co-founder Felix Xu remarked, referring to central limit order book decentralized exchanges. These are open crypto exchanges that use an order book similar to those use...
Scared to Participate In a Token Sale? Here’s How Vent’s DeFi Launchpad Makes it Safer
With DeFi becoming accepted by the mainstream, IDOs (Initial Decentralized Exchange Offerings) grow in tow. With that being said, researching a token and the project behind it in-depth and ensuring it...