Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream ad...
Tag: DeFi
Paxos Adds DeFi Tokens AAVE, UNI and LINK—and Square’s Lawyer
In brief Paxos, which handles PayPal’s crypto operations, is adding support for four new assets to its wallet tools. The company also added former Square lawyer Ben Gray. Paxos, which supplies s...
Accelerated development for DeFi with a game engine
DeFi has several developments in the pipeline with game engine in the way Smart contract development paradigm could be a game changer Mainstream DeFi is poised to change for the better with the next...
UK Government Updates Crypto Tax Rules on DeFi, Staking
Her Majesty’s Revenue and Customs (HMRC)—the UK’s tax, payments, and customs authority—has updated the rules that govern decentralized finance (DeFi) and crypto staking. “The lendin...
A DeFi Project Offering Accessible Scaling Solutions Arrives
The team at Harcox Finance, a decentralized community-driven project, is pleased to announce the release of its project to the crypto community, as it attempts to provide more accessible scaling solut...
Here’s How DeFi Project Lost $320 Million Worth of Ether
Contents An expensive bug A prescient warning? Wormhole, a bridge that links Solana with other popular blockchains, has been robbed of $320 million worth of wrapped Ethereum (wETH), suffering the seco...
What Will It Take For DeFi To Go Mainstream? Simplicity, Security And Utility
Complexity is the enemy of mass adoption—and if decentralized finance (DeFi) has been anything to date, it’s complex. It’s true that a niche of crypto pioneers are comfortable navigating the often cha...
UK Tax Dept Confuses Crypto Investors in DeFi and Staking Earnings Pursuit
Britain’s revenue department has turned its eyes to earnings from decentralized finance (DeFi) and staking as it seeks more tax regulations on the crypto ecosystem. On Feb 2, Her Majesty’s Revenue and...
UK tax agency cracks down on rules around DeFi lending and staking
Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance that could affect innovation in Decentralized Finance (DeFi). The updated re...
The new SEC rules could threaten DeFi- The Cryptonomist
New rules recently proposed by the SEC to oversee government securities trading systems could allow the agency to also oversee crypto exchanges and digital asset exchange platforms, such as those from...
SEC Commissioner Warns Proposal May Threaten DeFi
A proposal by the SEC could give authorities sweeping powers over crypto exchanges, warns one Commissioner. A recent proposal by the U.S. Securities and Exchange Commission adding oversight to systems...
Best DeFi to Invest In for High Profits February 2022
The decentralised finance (DeFi) space is as vibrant as ever, with total funds locked in DeFi protocols marking a sharp rise from last week. Savvy investors are now looking for the best DeFi to invest...
Stablecoin-as-a-Service Project ICHI Raises $3.5M for Continued DeFi Expansion
ICHI, a white-label stablecoin solution for DeFi projects, has just raised $3.5 million to continue its partnership drive. Conducted by the ICHI Foundation, several firms including Fundamental Labs, ...
Unleashing Liquidity in DeFi Trading
Centralized exchanges (CEXs) have created opportunities for users to trade, buy and sell digital assets, but there are still thousands of tokens on a variety of blockchains that cannot be used as marg...
Crypto mom warns that proposed SEC rule threatens DeFi
Hester Pierce, popularly known as the crypto mom by the crypto community, has warned about a recent rule proposed by the US Securities and Exchange Commission (SEC). Pierce is a commissioner of the SE...
DeFi Tokens Tumble but Adoption Continues Increasing: ConsenSys Research
A recently published report on the decentralized finance (DeFi) ecosystem has revealed that despite the fall in related token prices, adoption continues to increase. In its January “DeFi Market Commen...
DeFi Protocols May Be In Danger Warns Crypto Mom Hester Pierce
Despite not mentioning cryptocurrencies, a new proposal made by the US Securities and Exchange Commission to amend the definition of “exchange” is raising concern in the crypto space. Hester Pierce, o...
Hester Peirce warns against blowback on DeFi
TL; DR Breakdown Peirce wants against blowback of the SEC rule on the DeFi sector The new rule was based on the Exchange Act of 1934 Gensler wants to regulate the entire crypto space The United States...
How DAO Staking Offers New Opportunities for Passive Earning in the DeFi Space
n the burgeoning decentralized finance (DeFi) sector, “staking” has become an increasingly popular way for investors to earn a passive income while they hold investments. More and more companies that ...
SEC’s proposed rule on exchanges could threaten DeFi, says Crypto Mom
Hester Peirce, a commissioner for the U.S. Securities and Exchange Commission known by many in the space as Crypto Mom, is warning that a proposed rule from the agency could potentially affect the reg...
Crypto Mom Hester Pierce Warns SEC’s New Proposal Poses Serious Threats To DeFi
Despite not mentioning cryptocurrencies, a new proposal made by the US Securities and Exchange Commission to amend the definition of “exchange” is raising concern in the crypto space. Hester Pierce, o...
“Crypto Mom” Says New SEC Plan Poses Threat to DeFi
Alex Dovbnya The SEC’s new proposal could threaten DeFi protocols, according to Commissioner Hester Peirce SEC Commissioner Hester Peirce says that the vague language in the agency’s new p...
Wonderland DeFi Protocol to Shut Down After Fraud
The Wonderland DeFi Protocol has announced its closure after revealing that its treasury manager was a convicted felon. Wonderland was thrown into disarray after a Person on Twitter revealed 0xSifu’s ...
How a game engine for DeFi could facilitate accelerated development
The beating heart of any ecosystem of decentralized applications, DApps, is its underlying technology stack. For Ethereum (ETH), this is its “Nakamoto” consensus, Ethereum Virtual Machine (EVM) execut...
DeFi Land, a GameFi Subsidiary, Announces Land NFT Seed Sale
The token launch, the opening of the DeFi Land public beta, the brand-new Edit Mode, and many sneak peeks into how DeFi Land plans to gamify everything else in the cryptocurrency community all happene...
Bringing DeFi Bonds to the Cryptocurrency Industry
The field of decentralized finance is one that keeps on growing. The appetite for DeFi applications is getting stronger by the day as evidenced by multiple metrics. Data from the popular resource DeFi...
Wonderland DeFi Is Shutting Down
Following a deeply divided community vote set off by the Michael Patryn controversy, the Wonderland DeFi project could be headed for its demise. The End Of Wonderland One of the cofounders of the Won...
Wonderland co-founder throws in the towel on beleaguered DeFi project
The co-founder of the embattled Wonderland decentralized finance project is preparing to pull the plug following a deeply divided community vote. On Jan. 30, Wonderland co-founder Daniele Sestagalli t...
Cyber vigilante traced DeFi scammers
DeFi, one of the most potential and risky sectors in the blockchain ecosystem. Although the industry can potentially disrupt our mainstream banks because of its decentralized nature, the same nature m...
Scandal-Ridden DeFi Project Wonderland Shuts Down as Price Tanks
Alex Dovbnya The Wonderland community is not pleased with the decision Controversial decentralized finance protocol Wonderland has called it quits, according to co-founder Daniele Sestagalli. 1/Wonder...
Disgraced DeFi Founder Daniele Sestagalli Calls Time on Wonderland
Key Takeaways Daniele Sestagalli has called for Wonderland to wind down due to divisions in the community. Sestagalli made the comments despite a community vote that saw a majority of respondents sign...
Value Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra’s LUNA Sheds 21% – Defi Bitcoin News
On Sunday, January 30, 2022, the top smart contract protocol tokens by market capitalization is $592 billion or 32.66% of the $1.8 trillion crypto economy. Meanwhile, the total-value locked (TVL) in d...