DEFI
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Illicit Activities in DeFi Sector Seen Rising in Past Two Years: Chainalysis
Illicit cryptocurrency transactions in the decentralized finance (DeFi) sector have been rising over the last two years, according to the Web3 Safety & Compliance report from Chainalysis.
Fintech Firm Bitlocus to Launch Crypto-Friendly Visa Debit Cards
The card will enable Bitlocus customers to transact their crypto holdings while also using the resulting funds anywhere Visa is accepted.
DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump
The Total Value Locked (TVL) in DeFi platforms has slumped below $200 billion down from the $230 billion towards the end of April.
Fireblocks Adds Support for Terra-Based DeFi Services as Institutional Demand Soars
Institutional investors can now access all of the DeFi applications on the Terra-based blockchain protocol on Fireblocks as announced by the firm on Tuesday.
IDEG Launches Renaissance SP and DeFi Tracker SP
Professional digital asset manager IDEG Asset Management Limited (IDEG) has launched IDEG Renaissance SP and the IDEG DeFi Tracker SP.
White Star Capital Announces Second Digital Asset Fund Anchored by Ubisoft
Multi-stage investment platform, White Star Capital, has announced the first close of its second Digital Asset Fund (DAF II), with backing from top investors like Ubisoft.
Ethereum Layer-2 Protocol Boba Network Values at $1.5B following $45m Funding
Boba Network, an Ethereum-based Layer-2 protocol Optimistic Rollup scaling solution, has successfully completed its Series A funding round in which it pulled as much as $45 million from investors.
Interoperability Protocol LayerZero Labs Secures $135m Investment
Decentralized full-chain interoperability protocol LayerZero Labs has secured a $135 million investment co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz.
Axie Infinity's Home Ronin Network Suffers Over $600m in another DeFi Hack
The Ronin Network has suffered what is being tagged as the largest hack in the history of Decentralized Finance (DeFi) which funds in excess of $625 million carted away by the hackers.
Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund
To expand the blockchain ecosystem, UAE-based venture capital firm Cypher Capital has launched a $100 million seed fund with a special interest in digital asset investments.
Yearn Finance Founder Andre Cronje Allegedly to Stop Contributing to DeFi
Andre Cronje, the renowned blockchain developer who came to the limelight with the establishment of Yearn.Finance is allegedly going to stop contributing to Decentralized Finance (DeFi) and cryptocurrencies in general.
Circle Delays Launching DeFi API Product, Cites Needs for more Regulatory Guidances
Circle is calling for clearer regulatory guidance for the launch of its DeFi API product.
Nested Raises a $7.5M Seed Funding, Expanding DeFi Social Trading Products & Network
Nested wants to use the funds raised to fuel its DeFi social trading platform’s product offering and network across the world.
Emerging Web3.0 Protocol Aligned Secures $34M in Venture Funding
Aligned has announced it has secured the sum of $34 million from investors as it seeks to advance the reach of the emerging Web3.0 world.
DeFi Protocol Ref Finance Completes $4.8M Financing Led by Jump Crypto
NEAR's blockchain ecological DeFi project- Ref Finance announced the completion of $4.8 million financings led by Jump Crypto.