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.
Is Tezos' NFT Reawakening Enough to Sustain its Current Price Uptrend?
Tezos (XTZ) printed a new ATH over the weekend, rising on the back of its ongoing NFT rejuvenation.
Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China
Since last Friday, the People's Bank of China began to crack down on cryptocurrency trading, a large number of Chinese traders seem to have turned their trading venues to dYdX- a decentralized leveraged trading exchange.
Ethereum Token Circulation Hit Levels Last Seen in June Amid ETH Realized Cap Reaching ATH
Ethereum has been experiencing an uptick in different activities, despite the crypto market bleeding triggered by factors like a major liquidity crisis witnessed by leading Asian property developer China Evergrande.
$12M in Bitcoin Stolen from pNetwork DeFi Protocol
A vulnerability in pNetwork allowed the thief to run away with the funds. The DeFi network is now begging the hacker to return the money.
Ethereum Futures Open Interest Hit an ATH Amid $1B Being Locked in ETH Layer Two
Open interest in the Ethereum (ETH) network has been experiencing an uptick, leading to a record high.
OKEx Launches DeFi Hub with Integrated NFT Marketplace
OKEx has launched a DeFi Hub with an integrated NFT Marketplace.
UC Berkeley Launches Defi MOOC to Students and Opens to The Public
The University of California at Berkeley (UC Berkely) has introduced a massive open online course (or MOOC) concerning decentralized finance to the public.
Cream Finance Promise to Refund Stolen Funds in its $462M Protocol Exploit
Cream Finance has plans to refund victims of its latest network attack.
Ethereum’s Sentiment on Twitter Becomes Extremely Positive as DeFi’s Value Tops $80B
The Ethereum (ETH) network has been experiencing an uptick in activities and this made crowd sentiment on Twitter extremely positive, as disclosed by Data analytic firm IntoTheBlock.
Metamask Tops 10M Active Users as NFT Mania Continues
Popular crypto wallet, Metamask has surpassed 10 million Monthly Active Users as powered by NFT growth.
Celo Co-Leads $100M Capital Raise with Other Major Crypto Protocols to Support DeFi Adoption
Celo, a smartphone-driven blockchain platform, is raising the initial 100 million funding through collaboration with other top DeFi protocols to promote DeFi adoption among mobile phone users worldwide.
US SEC Signs Contracts with Blockchain Analytics Firm Anchain.Ai to Monitor DeFi Sector
The US SEC has awarded contracts to monitor unwanted movements across the DeFi sector. The SEC has tapped Anchain.AI artificial intelligence and blockchain company to help the regulator to analyze and trace smart contracts with the technology.
Ethereum-Based Products Hit a 72.8% Monthly Growth as the US Reigns Supreme in DeFi Adoption
Ethereum-based products skyrocketed to $13.8 billion after recording a 72.8% monthly growth.
Hacker Turns Hero? All Stolen Funds from the Poly Network Have now Returned
The Poly Network is set to start a new journey as its protocol exploiter has now returned all of the stolen funds
Bloomberg and Galaxy Digital Floats Crypto Index for Decentralized Finance
Bloomberg has launched a DeFi-backed Index fund with co-branding from Galaxy Digital.