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.
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.
Polygon Network Contemplating the Idea of Creating DAOs
Polygon is looking to build a DAO to harmonize its growing ecosystem.
Former Goldman Sachs Staff Launch DeFi Platform Ondo with $4M Funding Round
Two former Goldman Sachs staff have developed a new DeFi protocol Ondo to enhance how users interact with DeFi products, which has raised $4 million through an equity funding round.
ETH Balance on Exchanges Sink to a 2-Year Low as Miner Revenue Hit a Monthly High
Ethereum (ETH) has been undergoing a mass exodus away from crypto exchanges recently, given that its balance dropped to a two-year low.
Mango Markets DEX Raises $70M through MNGO Tokens Sale
Mango Markets decentralized exchange (DEX) has raised around $70 million through its MNGO tokens sale.
Hackers Return $260M amid the Cyberattack against Poly Network
The hacker of the Poly Network has returned as much as $260 million out of the stolen funds.
The US SEC Charges DeFi Money Market and Founders with Fraudulent $30 Million Offerings
The US Securities and Exchange Commission has issued its first case involving the decentralized finance market by charging the founders of DeFi Money market for raising $30 million through fraudulent offerings.
Ethereum Accounts for Nearly Half of the Trading Volume on Top Exchanges
Ethereum accounts for almost half of the trading volume on top exchanges compared to a quarter a year ago.
Ethereum Addresses Interacting with DeFi Protocols Surge to 2.91M in Q2: ConsenSys Report
A new ConsenSys report highlights the growth inherent in the Ethereum blockchain cutting across addresses and stablecoins
PayPal to Launch Crypto Trading Next Month in the U.K.
Payment provider PayPal Holdings Inc. revealed the company is planning to develop the next market in The United Kingdom to provide its crypto trading services.