Defi Financial News

11.07 / 23:33

markets Ethereum defi Liquidity Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion

The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS).

11.07 / 17:15

Blockchain defi Web3 Cloud solution jumpstarts DApp development with complete transactional backend

While many businesses are intrigued by the proposed benefits that the blockchain can provide, finding technical experts has proven to be another concern altogether. Since blockchain technology is relatively new, few know the ins and outs of troubleshooting decentralized applications (DApps) and those that do are costly to hire. Therefore, allocating resources effectively continues to be a debilitating barrier for businesses looking to prove the return on investment (ROI) on a proposed blockchain project.

11.07 / 16:15

Ethereum cryptocurrency defi Bitcoin week Crypto Week at a Glance: Top gainers and losers

Bitcoin, Ethereum, and most cryptocurrencies have continued to gain, strengthening the market. BTC was seen changing hands at US$19,000 on Monday and managed to reclaim the US$22,000 level on Thursday for the first time since mid-June. Bitcoin has been trying to move upwards since June 18th and finally managed to break out from an inverse on July 7th. The bounce back in the price has increased after creating a high low on July 3rd. This bullish trend can often lead to price reversals and can take the price of BTC to US$25,000 in the coming weeks if the consistency is maintained.

11.07 / 09:41

business Law defi Bankruptcy Celsius changes legal team, pays off $20M in Aave debts

Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing last week.

09.07 / 14:21

Blockchain Technology Adoption defi Warner Bros Build business: An outlook on the Web3 industry during the downtrend

By the end of May, Bitcoin’s (BTC) price had dropped 40%, Ether (ETH) had lost 50% of its value, and the entire crypto market dipped below its $1-trillion capitalization for the first time since January 2021. As we enter a clear bear market trend, it’s essential to focus on what the blockchain industry has always suggested: build.

08.07 / 23:17

Blockchain defi regulation UK government Finance Redefined: UK government explores DeFi with a focus on staking and lending

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.

08.07 / 15:11

business Adoption defi Investments Fairfax County highlights the value in the 'short-term nature' of yield farming

Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming.

08.07 / 12:09

Ethereum Stablecoin defi Aave Aave Summoning GHOsts With a New Native Stablecoin Proposal

Popular decentralized finance (DeFi) protocol Aave (AAVE) has proposed to the decentralized autonomous organization (DAO) the introduction of a native, decentralized, fully collateral-backed, USD-pegged stablecoin on the Ethereum (ETH) mainnet – dubbed GHO.

08.07 / 08:43

Blockchain Stablecoin defi lending Aave to launch overcollateralized stablecoin called GHO

Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval.

07.07 / 21:03

Blockchain defi privacy open Controversial mixer Tornado Cash open-sources UI code

Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency.

07.07 / 19:27

Blockchain Technology Ethereum defi What is SolScan and how to use it?

When you are looking for information about certain transactions or tokens on the Solana blockchain, SolScan is the tool to use for this purpose. This tool is trusted by many venture capitalists, such as Solana Ventures and Alameda Research. In addition, there are over 2 million monthly users, totaling over 180 million data requests.

07.07 / 14:21

defi Mining DEX Foresight Foresight is a wonderful thing: DEX aggregator lists coins that might be trending soon

A major aggregator of decentralized exchanges has launched an intuitive new feature that allows traders to find out which tokens are trending right now — and the cryptocurrencies that could be next.

07.07 / 13:39

markets business defi Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses

Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC).

06.07 / 19:23

business defi Altcoin DeFi protocol Porter Finance shuts down bond issuance platform after just one month

Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said:

06.07 / 18:17

defi lending Decentralization Compound DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts

Decentralized finance (DeFi) protocols “don’t need to get bailed out,” and were “designed specifically to avoid this bullshit,” the founder of DeFi protocol Compound (COMP), Robert Leshner, has said.

06.07 / 17:15

Blockchain Ethereum defi Report NFT platform wars could be ahead, says new DappRadar report

DappRader's Dapp industry report for Q2 2022 raised, among many points, the idea that an upcoming non-fungible platform war could be on the horizon.

06.07 / 16:25

Hack defi security Hackers Stole USD 670M from DeFi Projects in Q2, Up by 50% from Q2 2021

Hackers and fraudsters stole a total of USD 670.7m from various crypto protocols during the second quarter of the year, according to a report by major bug bounty and security services platform Immunifi.

06.07 / 05:49

business defi lending Loans MakerDAO voting on collaborating with a traditional bank

MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).

05.07 / 13:05

Ethereum defi Opensea Market crash ethereum name service An Ethereum Name Service Domain Sells For USD 345,000 Amid Market Crash

Amid lingering sour market conditions, Ethereum Name Service (ENS) domain 000.eth has sold for ETH 300 (345,260).

04.07 / 15:13

defi security Decentralization DeFi Suffers from Too Much Centralization, What Can Be Done?

"If any part of their business model incorporates centralization <...> then it is centralized no matter what other decentralized features it deploys."

04.07 / 14:03

Blockchain defi Mining DEX This decentralized exchange is on a quest to become an all-in-one DeFi platform

A crypto trading hub is preparing to celebrate five years of innovation at the cutting edge of DeFi — enabling investors to execute trades with low fees.

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