Defi Financial News

19.07 / 09:43

Blockchain defi Artists How blockchain takes the electronic music industry to a whole new level

Blockchain technology is often associated with the finance industry, namely, the usual suspects like traditional finance (TradFi) or decentralized finance (DeFi). However, the technology is industry-agonistic and can transform any sector that relies on data and interactions. One of the industries that could benefit from blockchain adoption is entertainment — specifically the electronic music market.

18.07 / 20:23

event Blockchain Adoption defi Conference Decentralization centralized exchanges Centralized exchanges will become gateways for DeFi: dXdY Foundation CEO Charles d’Haussy

Decentralized finance (DeFi) organization dYdX Foundation, an independent nonprofit founded to support the dYdX protocol, recently launched a public testnet for its latest version, v4. According to the foundation, this puts them ahead of schedule for the impending launch of the v4 mainnet, something they claim represents complete decentralization for dYdX.

18.07 / 17:45

business Adoption defi Payments wallet “When evaluating a fiat-to-crypto on-ramp, three things matter” — Q&A with Uphold

Although the crypto market is growing and evolving, and market players boast various clever payment solutions, there is still ample room for improvement toward broader Web3 adoption. Until last year, decentralized finance (DeFi) constituted a relatively small part of the business world, with many Web3 companies now integrating crypto rails into their business models. Today, the DeFi sector holds over 14,000 decentralized applications (DApps), 51 chains and over 28,000 NFT collections, according to DappRadar. This number doesn’t even consider the companies that gravitate around this ecosystem and have financial operations in crypto to support native Web3 companies.

17.07 / 15:21

Technology Adoption defi Payments Tech Bitcoin 7 payment gateways for fast online transactions

In today’s fast-paced digital world, speed and convenience are paramount when it comes to online transactions. Whether you run an e-commerce business or simply want to make swift payments online, having a reliable payment gateway that ensures seamless and speedy transactions, including support for cryptocurrencies, is essential. Here are seven payment gateways known for efficiency, fast processing times and crypto support.

17.07 / 07:57

defi Altcoin Scams Tornado Cash memecoin Rug Pull AnubisDAO's 13.5K ETH rug pull money washes away on Tornado Cash

Nearly two years after the dog-inspired decentralized finance (DeFi) project — AnubisDAO — was rug-pulled for almost $60 million in Ether (ETH), the stolen funds were siphoned away using Tornado Cash.

17.07 / 03:51

Stablecoin Adoption defi Aave Decentralization DAI Curve Finance Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted

Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far.

15.07 / 19:29

business Blockchain defi Hackers hacks fantom Multichain 'Multichain was a big blow', says Andre Cronje as Fantom TVL slumps

According to data from DefiLlama, Fantom's total value locked (TVL) dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom's TVL topped $7.5 billion. The price of its native coin Fantom (FTM) declined from $0.41 to $0.28 over the same period.

15.07 / 11:01

Blockchain NFT defi Web3 Gaming Decentralization Travel will create a new wave of Web3 mass adoption: Here’s how

The travel industry has long been a behemoth, catering to the diverse needs of nearly 2 billion digitally savvy users each year. When it comes to technological innovation, however, it has remained a sleeping giant.

15.07 / 11:01

Blockchain Technology Adoption defi lending Tech 5 peer-to-peer (P2P) lending platforms for borrowers and lenders

Peer-to-peer (P2P) lending, which links borrowers and investors directly, has become a well-liked substitute for traditional banking. P2P lending networks enable decentralized lending, in which people can borrow money from other people or institutions directly without the use of intermediaries, such as banks.

15.07 / 11:01

business defi Decentralization Synthetix Synthetix takes on counterparty risks with Infinex derivatives exchange

Synthetix, a DeFi project in the crypto space, is preparing to expand its range of affiliated products.

14.07 / 20:59

Blockchain defi Decentralization Study Research DAO Token hoarders defeat the purpose of most DAOs: Study

A pair of researchers from the University of Texas at Austin and Princeton University conducted a study to determine how tokenization affects decentralization in decentralized autonomous organizations (DAOs). Their findings indicate that many of the challenges to autonomy are related to the reasons individual users have for participating.

14.07 / 20:59

defi Ripple XRP Algorand Bitcoin Ethereum scaling protocols drive zero-knowledge proof use: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

14.07 / 19:15

Blockchain defi Blockchain Storage Filecoin Filecoin storage utilization surpass 7% in Q2: Report

According to the July 13 report by Messari, Filecoin currently averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals on its network, compared to 12.2 exbibytes (14.1 billion gigabytes) worth of raw storage capacity. Until recently, uptake had been sluggish due to high storage costs compared to centralized alternatives such as Amazon Web Services.

14.07 / 18:49

Blockchain Ethereum defi Hackers hacks Scams Shuts Down Multichain Crypto lender Geist Finance shuts down permanently over Multichain hack

Lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit, according to a July 14 social media post from the app’s development team. Geist contracts were paused on July 6, then resumed in “withdraw and repay only” mode on July 9. The latest post confirms the team does not plan to reopen lending and borrowing on Geist.

14.07 / 17:03

markets defi solana Ecosystem Solana price hits a 2023 high, but do strong fundamentals back the SOL rally?

Solana (SOL) price briefly surged to a new year-to-date peak on June 14 after Ripple’s partial win against the U.S. Securities Exchange and Commission in the case contesting XRP’s position as a security.

14.07 / 14:27

business Binance defi exchanges Binance CEO reflects as exchange turns 6 — ‘It was never all smooth sailing’

Binance CEO Changpeng Zhao wrote a letter addressing the exchange’s users, reflecting on past crypto winters and laying out key trends shaping up within the industry as the company celebrates its sixth anniversary.

14.07 / 12:41

Adoption CoinGecko defi Ripple XRP Bitcoin XRP tops Bitcoin on Upbit with $2.6B of trading volume in 24 hours

Trading volume of XRP (XRP) tokens on the South Korean crypto exchange Upbit has surpassed Bitcoin (BTC) in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours following Ripple’s partial win against the United States Securities and Exchange Commission (SEC) in its long-running court battle.

14.07 / 12:41

Blockchain Technology Adoption defi Social Media Tech 7 blockchain-based platforms for content creators

Blockchain technology has recently penetrated a number of sectors, altering the way we do business, store data and interact with digital assets. The decentralized and transparent nature of blockchain also benefits content creators, including authors, musicians, artists and photographers.

13.07 / 21:35

Blockchain Ethereum NFT defi coinbase Scalability layer2 Coinbase's Base launches mainnet for builders, will onboard users in August

Coinbase’s Base mainnet is now “open for builders,” according to a July 13 blog post from the network’s development team. The team is opening the network to builders ahead of its public launch to allow more time for user onboarding. Base also announced that the public launch of the network will occur in August.

13.07 / 11:33

Blockchain Technology Adoption defi Tech Bitcoin The economics of Bitcoin halving: Understanding the effects on price and market sentiment

Bitcoin (BTC), the pioneering cryptocurrency that sparked a global revolution in digital assets, operates on a unique monetary policy. One of the defining features of Bitcoin is its halving event, which occurs approximately every four years.

13.07 / 09:41

Blockchain Ethereum defi Ethereum 2.0 Ether price zk-STARK zk-Rollup Ethereum scaling protocols drive zero-knowledge proof use in 2023

Ethereum scaling protocols dominate the use of zero-knowledge rollups, with major launches, new research and healthy competition key points in a sector report published by ZKValidator.

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