Defi Financial News

28.01 / 16:11

business defi Funding DApp Multichain Multichain DApp protocol Astar raises $22M in latest round led by Polychain

Astar, a multichain DApp protocol formerly known as Plasm, has raised $22 million in its latest strategic fundraise.

28.01 / 15:07

defi Investments Africa United Nations Backed stake Nigerians are among the first to take advantage of decentralized loans backed by small-stake personal cryptocurrency

Global climate change continues to challenge the world's productivity and has already badly impacted the overall ability to maintain minimum sustainable goods production in Nigeria, as well as impacting overall food security for much of the population. Today, 100 million people in Africa face multiple crises, emergencies and catastrophic levels of food insecurity - with an increase of more than 60% between 2019 and 2020. As a result, social uplift has become a key goal for Environmental, Social and Corporate Governance (ESG) impact investing and global interest under the United Nations Sustainable Development Goals (UNDP).

28.01 / 14:07

defi Investing coinbase Bitcoin ‘Broader Range’ of Institutions Seeking Crypto Exposure Beyond Just Bitcoin - Coinbase

There was “a broader range” of investors that wanted exposure to crypto last year, with many of them seeking access to new products such as bitcoin (BTC)-backed exchange-traded funds (ETFs), decentralized finance (DeFi), and non-fungible tokens (NFTs), a new report from Coinbase has said.

28.01 / 13:01

defi Hackers Altcoin Cybercrime Qubit Finance suffers $80 million loss following hack

High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by hackers.

28.01 / 12:34

Blockchain defi DEX Internet First DEX on Internet Computer launches, others coming soon

The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works.

28.01 / 11:39

Ethereum defi Mining Ethereum 2.0 ATH Ethereum hash rate scores new ATH as PoS migration underway

Over the previous year, Ether (ETH) has increased in value to the point that it significantly outperformed Bitcoin (BTC) in terms of returns. The rise of Ethereum has made mining on its network more lucrative over time. This appears to have resulted in additional miners, resulting in an expansion of the network's hash rate.

28.01 / 00:37

Ethereum defi Investments Funding donates Bybit donates $134M to BitDAO and integrates Arbitrum

The news about crypto derivatives exchange Bybit was two-fold Thursday, as the company announced via Twitter its $134 million contribution to the BitDAO Treasury in the form of Ether (ETH), Tether (USDT) and USD Coin (USDC), as well as the completion of the integration of Ethereum layer-2 solution Arbitrum.

27.01 / 16:51

Blockchain defi Quadrigacx Co-founder of defunct exchange QuadrigaCX allegedly runs Wonderland

In a series of twitter posts published Jan. 27, decentralized finance (DeFi) investigator zachxbt seemingly unveiled the true identity of previously anonymous QuadrigaCX co-founder Michael Patryn, doxxing him to be that of @0xSifu, the founder of DeFi protocol Wonderland.

27.01 / 08:49

business defi wallet security MetaMask's new inbuilt multi-chain institutional custody feature

The institutional arm of the Consensys-owned MetaMask has integrated its first multi-chain digital asset custody solution called Cactus Custody.

26.01 / 19:41

cryptocurrency Adoption Crime defi Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role

Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm Chainalysis said in a new report.

26.01 / 07:27

Blockchain cryptocurrency defi Bitcoin recovery Cryptocurrency Prices Today: Recovery mode on as Avalanche rises 6.55%, Solana 3.88%

The global cryptocurrency market capitalisation reached $1.66 trillion (up 1.68 percent) during the last 24 hours while the market volume over the last 24 hours hit $80.34 trillion.

25.01 / 21:13

defi Investments DEX ICO veteran Why crypto industry needs venture capital: Q&A with veteran investor

Traditional funding in the crypto space was once considered useless. After all, the industry itself offers different, controversial, but nonetheless, ways to fund a project – initial coin offering (ICO), initial exchange offering (IEO) and the current darlings of offerings – launchpads and initial decentralized exchange (DEX) offerings.

25.01 / 18:07

Blockchain Ethereum defi Cardano Cardano-based DeFi protocol hopes to incentivize DApp development

While Ethereum (ETH) is constantly in the news cycle regarding its upcoming 2.0 update, similar smart contract-powered platforms are slowly building up their reputations. One such network is Cardano (ADA), a peer-reviewed, proof-of-stake (PoS) blockchain network for DApp development and decentralized finance (DeFi).

24.01 / 18:08

NFT defi Gaming Indian Platform combines Web 3.0 gaming and DeFi for interactive entertainment inspired by Indian Culture and Mythology

Nonfungible tokens, better known as NFTs, have gained value, with some selling for thousands, tens of thousands and even millions of dollars. While this spike in value is promising for investors, it does little in proving the asset's long-term value compared to the top of a price bubble. Therefore, for digital assets to sustain their worth over the long term, something else is missing in the equation. That something is utility, which considers how the asset can be used or what a user can do with it.

24.01 / 12:23

Blockchain defi solana network Solana's Network Congestion Prompts Liquidations, Drives Away Users

Public blockchain platform Solana (SOL) experienced high network congestion once again over the weekend. The team confirmed the outage, which extended from Friday to Saturday, adding that the network suffered from overload due to bots spamming the network.

23.01 / 21:33

Ethereum defi Bitcoin When and why did the word ‘altcoin’ lose its relevance?

All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early stages weren’t unique enough to have a distinctive term, so “altcoin” (alternative coins) best fit their description. The community, at that point, didn’t put too much thought into other cryptocurrencies due to Bitcoin’s potential advancement — its future price growth, use cases, mainstream adoption, etc. It was the leading head in crypto.

23.01 / 06:57

Blockchain cryptocurrency defi Bitcoin Cryptocurrency Prices Today: Bitcoin falls over 1%, Solana tumbles 14%

The global cryptocurrency market capitalisation dropped to $1.6 trillion from $1.7 trillion during the last 24 hours while the trading volume rose from $126 billion to $130 billion.

22.01 / 19:36

Blockchain defi Decentralized Exchange Decentralization Finance Redefined: Secret’s $400M fund, and 1inch expanding, Jan. 14–21

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

22.01 / 03:09

markets NFT defi Altcoin Roundup: 3 emerging P2E gaming trends to keep an eye on in 2022

Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull markets, vaporware, speculation and euphoria can lead to unrealistic valuations and expectations, and this appears to also have impacted the P2E sector.

21.01 / 23:37

markets Ethereum defi surges MetisDAO TVL surges by 99,800% as the layer-2 race heats up

Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets and protocols use this funds to build out their products and attract attention from larger investors.

21.01 / 16:06

defi Report Huobi Bitcoin New research expects a gloomy year for Bitcoin as DeFi and DAOs rise

Another major player in the cryptocurrency world is forecasting a dismal year for Bitcoin (BTC) in 2022. Following the Federal Reserve's and other central banks' tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. On the brighter side, decentralized finance (DeFi) will continue to expand and adapt, with DAO governance eventually becoming a major driver of activity on the chain.

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