A scandal has rocked investor faith in a popular stablecoin, and as users rush to exit, the clamor is threatening to throw the asset off its dollar peg. Even worse, however, some observers worry that ...
Tag: DeFi
Creator of DeFi Project Wonderland Unmasked as QuadrigaCX Co-founder
The co-founder of Avalanche-based project Wonderland has allegedly been identified as Michael Patryn, a co-founder of the now-defunct Canadian crypto exchange QuadrigaCx. The exchange came under scrut...
Will Your Fund Survive Without a DeFi Strategy?
This article was written by Russell Starr, CEO of DeFi Technologies. We are in the middle of a financial evolution, or are we? The largest financial institutions haven’t changed in decades, with suppo...
How Did a Former Quadriga Exec End Up Running a DeFi Protocol? Wonderland Founder Explains
Following one of the most tumultuous 48 hours in recent crypto history, DeFi’s most freewheeling act is showing signs that it may be coming to an end. On Thursday morning, popular on-chain analyst zac...
DeFi Becomes Popular Tool For Money Laundering: Chainalysis
The Chainalysis Crypto Crime Report 2022 has observed that DeFi protocols contributed to a significant 37% of all crypto scam revenue in 2021, becoming the preferred tool for money laundering by cyber...
Poolz Obtains $1M Grant from Harmony to Boost Growth of Emerging DeFi Startups
Saint Vincent, Grenadines, 27th January, 2022, — Poolz Finance, a leading DeFi launchpad, has received a $1 million grant from Harmony Network to help incubated startups integrate Harmony in their pro...
Duet Protocol and iZumi Finance Partner for Improved DeFi Experience
In what could be termed as an important development for decentralized finance (DeFi), a partnership has been struck between Duet Protocol and iZumi finance. Both of these projects have been conceptual...
What Is DeFi 2.0 In 2022…and How Does It Work?
DeFi 2.0 is a short description of the second generation of decentralized finance. Every tech-inclined innovation was mostly taking the world from its first phase to a new revolutionized era since the...
DeFi Assets Crash, Bitcoin Exhibits Correlation with the U.S. Stock Market
Over the past week, bitcoin and cryptocurrency prices have tumbled. The crypto market as a whole has lost almost $1.4 trillion in value. The collapse has prompted warnings of a “crypto winter,” which ...
CFO of DeFi Project Wonderland Outed as Co-Founder of QuadrigaCX: Report
0xSifu, a co-founder and CFO of an Avalanche-based fork of OlympusDAO called Wonderland, has been outed as a co-founder of the notorious Canadian crypto exchange QuadrigaCX. The exchange was labeled a...
EarnableFi: The GameFi & DeFi 3.0 Ecosystem Sees a Massive Launch With 100x Growth
Ontario, Canada / EarnableFi ($EFI) the coming of age GameFi and Defi 3.0 ecosystem had a grand launch on 26th January on the Ethereum network. The project has surged 100X right after listing and look...
The Post-Fintech Revolution: Understanding DeFi Applications
Fintech, defined by technologies meant to empower the masses through the ubiquitization of financial services, has failed. In a world of record wealth inequality, it has served only to further enrich ...
Crypto Goes Crosschain As Users Chase L1 Incentives
The crypto market has changed dramatically throughout the past year as volume, capital, TVL, and incentives migrate away from Ethereum and towards other layer one and layer two blockchains. This has l...
Can ‘DeFi Winter’ really wipe out 80% dApps from the market
The recent lull in cryptocurrency market prices has been felt across all sectors in the industry, but decentralized finance might be in for an especially harrowing time, according to experts at DApp R...
Zebec Announces Winners of Global Hackathon to Revolutionize DeFi & Web3 Payments
San Francisco, USA, 26th January, 2022, Chainwire Winning Projects Building Payment, NFT, Play-to-Earn & Music Applications Utilizing Zebec’s Continuous Money Stream Technology Zebec Previously An...
BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.
As part of its research plans, the Bank for International Settlements (BIS) will explore whether decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hon...
HAL secures $3 million seed funding and integration with DeFi platform Aave
Blockchain analytics provider HAL has secured $3 million in seed funding led by CoinFund, Eden Block, and Animoca Brands. Other investors in the capital raise include Hashkey Capital, Wintermute, SkyV...
Cardano-based DeFi ADALend Announces IDO, Hires New Director
Vladislav Sopov ADALend, a pioneering lending/borrowing ecosystem on Cardano (ADA) blockchain, shares an update on its hiring campaign and token sales Contents Unlimited opportunities with new chief t...
Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis
And DeFi is not the only crypto-related money laundering method on the rise: Mining pools, high-risk exchanges and mixers also received an increased amount of crypto from wallets tied to criminal acti...
Money laundering via crypto rose 30% in 2021, with DeFi laundering up 20x: Chainalysis
New research from blockchain forensics firm Chainalysis finds that money laundering in crypto grew from $6.6 billion to $8.6 billion between 2020 and 2021. While centralized exchanges with weak know-y...
Can DeFi and CeFi coexist? Three takeaways from experts panel
As price action bewilders market makers and traders, experts in the crypto industry reached an agreement on several important points last week. Notably, centralized finance (CeFi) and decentralized fi...
Strong Possibility of DeFi Shakeout In 2022 Amid Crypto User Exodus
The decentralized finance (DeFi) market witnessed very strong growth since the DeFi summer of 2020 and over the last year. We have seen several Ethereum Layer-1 competitors like Solana and Fantom comi...
Cryptocurrency Price Analysis: Top 3 DeFi Coins With Best Risk/Reward; When Is the Right Time to Buy?
The recent bloodbath in the crypto market took a significant toll on the majority of cryptocurrencies. Even the top coins in the ladder have lost half their value, indicating a declining trend in the ...
Fantom flips BSC to become third largest DeFi protocol in terms of TVL
Fantom (FTM) has been in full swing in terms of price action and Total Value Locked (TVL) for the past couple of weeks. The project has managed to gain a whopping 25% surge in 24 hours. With a 35% sur...
Florida’s Office of Financial Regulation Issues Warning About DeFi
Florida’s Office of Financial Regulation (OFR) has issued a warning about decentralized finance (DeFi) based companies that offer lending, banking and investment services. The OFR is cautioning the pu...
Defi plunges to 21% in 2 Weeks with TVL as $255.84 Billion
Since January 4, 2022, the value of decentralized finance (DeFi) has fallen by 21.22 percent. The TVL in defi has lost $54.29 billion in value during the first week of January. The total value locked ...