Defi Financial News
25.02 / 03:13
Government
defi
regulation
lawmakers
A project to fund effective policy advocacy and educate lawmakers about the positive potential of Web 3.0
While many marvel at the growth cryptocurrency and Web 3.0 communities are experiencing, they fail to consider the opposing side of the coin (or, dare one say, token). Traditionally, new technologies have continued to follow a cycle in which they rise to the world's attention and its legislators, only to have bad actors abuse their power and consequently have the need for reform arise. Although oversight has proven to offer many benefits, such as instilling confidence in institutional investors, the opposite can be true if the right voices aren't being represented.
24.02 / 20:37
Blockchain
defi
security
Scalability
Accumulate Protocol: Interoperability at the Forefront
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
24.02 / 13:41
cryptocurrency
defi
Gaming
Prime Venture Partners' fourth fund gets oversubscribed, closes at $120 mn
Early-stage venture capital (VC) fund Prime Venture Partners has closed its fourth and largest fund at 20 percent higher than the planned quantum, amidst continuing investor interest in Indian startups.
24.02 / 07:33
cryptocurrency
defi
solana
Bitcoin
fall
Cryptocurrency Prices Today: Crypto markets bleed as Bitcoin, Ethereum fall on Ukraine woes
The global cryptocurrency market-capitalisation fell 5.78 percent over the last 24 hours to $1.61 trillion, while trading volumes were down to about percent to $12.72 million, falling by around 99.98 percent.
24.02 / 05:57
NFT
defi
transactions
ERC-20
NFTs most popular assets on Ethereum, but Wrapped Bitcoin growth stalls
Transfers of nonfungible tokens (NFT) on Ethereum have surpassed transfers of stablecoins and altcoins while the supply of wrapped Bitcoin (WBTC) has remained relatively stagnant since late last year.
24.02 / 00:39
Blockchain
Technology
defi
TreasureDAO engineer alleged to have past involvement in questionable NFT projects
On Wednesday, decentralized finance, or DeFi, detective @zachxbt published a long thread about TreasureDAO's frontend engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible tokens, or NFTs, projects. According to its whitepaper, TreasureDAO is a "decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects." Listed projects use the ecosystem's native token MAGIC for transactions, with TreasureDAO governing the emission of MAGIC.
23.02 / 17:51
Ethereum
defi
Scalability
layer2
open
StarkNet now open for DApp deployment on Ethereum mainnet
StarkNet, the Layer-2 scaling solution established by StarkWare, announced that the first few decentralized apps (DApps) built on the platform have been deployed since it launched on the Ethereum Mainnet in November.
23.02 / 16:07
Ethereum
Adoption
defi
Opera
Opera Integrates DeversiFi to Improve P2P Ethereum Transactions
The multi-platform web browser Operahas integrated with DeversiFi, a decentralized exchange (DEX) powered by Starkware’s Layer 2 (L2) scaling solution, in a bid to offer faster and cheaper transactions within its mobile browser wallet.
23.02 / 15:47
Blockchain
Ethereum
defi
Ethereum 2.0
zkSync
Testnet
Crypto community welcomes Ethereum zkSync testnet
zkSync, a provider of zero-knowledge blockchain solutions, has announced the successful deployment of its Rollup protocol on the Ethereum (ETH) testnet. The deployment is seen as a positive development by proponents of Ethereum, as it removes the need for human operators to validate transactions.
23.02 / 08:55
business
defi
Tokens
CoinShares
Swiss
tracking
index
Swiss index provider launches new product tracking 10 DeFi tokens
Switzerland-based fund manager Compass Financial Technologies has launched an index for 10 Decentralized Finance (DeFi) tokens dubbed the “Compass Crypto Basket Fundamental DeFi Index” (CCBFDEFI).
23.02 / 04:17
Blockchain
Ethereum
defi
Bitcoin
Why DeFi is the biggest thing in the history of finance
decentralised finance (DeFi) or open finance innovation has been a pivotal moment in the history of finance. It rose to prominence in the summer of 2020 with yield farming, the rise of tokens such as Compound and Sushiswap promising attractive yields to crypto traders. According to DeFi Pulse, the total value locked in DeFi protocols is over $78 billion — a growth of 10x since May 2020. This represents the current value of all deposits locked in the form of cryptocurrencies for lending, staking, liquidity pool and so on. According to Dune Analytics, there are over 4 million unique addresses (proxy for users) using DeFi applications — a growth of over 40x in the last 2 years.
22.02 / 17:07
Blockchain
defi
security
API
1Password integrates security API into Phantom Wallet
Digital security service 1Password has announced a collaborative partnership with Phantom Wallet to enable asset holders to amalgamate their vast accumulations of public key addresses, seed phrases and other corresponding security details into a single ‘Save in 1Password’ system.
22.02 / 15:07
Blockchain
defi
DEX
CEX
Costs
Automated order books eliminate DeFi costs and match CEX capability
The decentralized finance (DeFi) industry continues to reach unprecedented highs, with daily volume of transactions increasing on a regular basis. Unfortunately, in spite of the billions of funds currently being crossed back and forth, decentralized exchanges (DEXs) are filled with apparent and invisible costs that are a hindrance to market activity.
22.02 / 01:45
markets
Ethereum
defi
Komodo (KMD) rallies 54% after major push to expand interoperability with AtomicDEX
Interoperability between separate blockchain networks has become a major theme in the cryptocurrency market over the past year, but several major exploits — such as the $321 million Wormhole exploit — have highlighted the difficulties in achieving cross-chain transfers in a secure manner.
21.02 / 23:49
markets
Blockchain
defi
Liquidity
pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem
One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW model and growing concern over its environmental impact.
21.02 / 18:15
Blockchain
defi
play
Solana-based play-to-earn metaverse challenges the market with battle-based gameplay and Wizard NFTs
Many decentralized finance (DeFi) projects have arisen to provide earning opportunities to existing gamers. Unfortunately, the promise of profit alone is not enough to encourage gameplay in the long term, especially as the market becomes more saturated. Players are seeking out lore and complex storylines that involve a deep history, character and setting, one that a community can rally behind. Otherwise, they may risk being one of the blockchain games overrun by automated bots, who exist with the sole purpose of siphoning money from these gaming projects.
21.02 / 17:21
Ethereum
Adoption
defi
Mining
AIM
ETHDenver Hackathon Finalists Aim at These Pain Points Across DeFi, NFTs, DAOs, and Metaverse
30 ETHDenver hackathon finalists that pitched their ideas to a team of crypto veterans and were competing for up to USD 5,000 in prizes, largely focused on solving common pain points across various segments of the Ethereum (ETH) ecosystem.
21.02 / 16:17
21.02 / 08:53
business
defi
Sport
DAO
Former Cisco employee launches DAO to buy Denver Broncos
A new decentralized autonomous organization (DAO) has been formed to raise money in an effort to purchase the Denver Broncos U.S. National Football League team for around $4 billion.
19.02 / 13:49
Blockchain
defi
Tokens
Metaverse
Blocksport CEO and advisor speak out about the potential NFTs and the metaverse bring to the sports industry
The nonfungible token (NFT) market has greatly shaped the world as we know it, leaving no industry untouched, sports included. As a result, digital transformation has proven to be a major challenge, with teams experiencing a lack of in-house resources, minimal tactical support from experts and an inability to implement a strategy for multi-layered fan engagement.
19.02 / 02:31
Blockchain
defi
Fraud
Crowdfunding
Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki
Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance.
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