Category: Decentralized Finance

Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8

October 8, 2021

Crypto Nanobot 0

Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Blogging platform Mirror expanded to the public market this week. Read on to discover the impact of this move for Ethereum wallet holders.  What you’re about to read is a more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments […]

Continue Reading

Solana extends rally with another new high — Why is SOL price up by 70% in one week?

September 3, 2021

Crypto Nanobot 0

Solana (SOL) started Friday at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector. The SOL/USD exchange rate reached $146.28 for the first time in history, following a 35% month-to-date rally. The huge upside move lifted the pair’s returns for the […]

Continue Reading

Goldman Sach’s new ‘DeFi’ ETF is anything but

July 27, 2021

Crypto Nanobot 0

Goldman Sachs has filed for a “DeFi” ETF that will track major stocks including Nokia, Google, and Fujitsu. 4201 Total views 52 Total shares The proposed fund, dubbed the Goldman Sachs Innovate DeFi and Blockchain Equity ETF, strives to track the Decentralized Finance and Blockchain Index from German financial indices provider, Solactive. The fund will […]

Continue Reading

Pomp sparks debate: Has Bitcoin DeFi project Sovryn really overtaken Uniswap v3 by TVL?

June 10, 2021

Crypto Nanobot 0

Analysts are arguing whether the RSK-based Bitcoin money market, Sovryn, has a TVL of $52 million … or $2 billion. 12784 Total views 9 Total shares Sovryn, a BTC money market protocol built on Bitcoin-based smart contract platform RSK, recently appeared to be shooting up through the decentralized finance rankings. On June 9, Bitcoin commentator, […]

Continue Reading

Understanding the systemic shift from digitization to tokenization of financial services

May 30, 2021

Crypto Nanobot 0

The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models.  It is fair […]

Continue Reading

Could DeFi-powered banks become an unstoppable force in finance?

May 19, 2021

Crypto Nanobot 0

For decades, a lack of innovation has stifled the banking sector. We still live in a world where cross-border payments can take several days, and inefficient algorithms deny loans to consumers who can afford to pay them back — all because they don’t fit inelastic requirements that aren’t reflective of the 21st century. It’s been […]

Continue Reading

Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments

May 18, 2021

Crypto Nanobot 0

The investment round was led by ParaFi Capital alongside Defiance Capital, Lightspeed Venture Partners, Blockchain Ventures, Fenbushi Capital, OKEx, StarkWare and Longhsh Ventures. Angel investors from Synthetix, Aave and Enzyme also participated. 6413 Total views 23 Total shares DeversiFi, an Ethereum-based layer-two decentralized finance platform, has secured $5 million in strategic investments from some of crypto’s […]

Continue Reading

DeFi growth helps push crypto’s share of the global money supply above 2%

May 15, 2021

Crypto Nanobot 0

This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin.  While the price action from Dogecoin (DOGE) has dominated the headlines […]

Continue Reading

GameStop saga paves the way for a new decentralized financial order

May 9, 2021

Crypto Nanobot 0

Every significant transformation comes with a new toolset, one that is always surprising at the time and obvious in hindsight. Bitcoin (BTC), climate change and GameStop are all examples of ways in which mass action is pushing for dramatic, not evolutionary, action. We can also see that these are individual vectors of the same movement, […]

Continue Reading

DeFi hacks and exploits total $285M since 2019, Messari reports

April 29, 2021

Crypto Nanobot 0

Decentralized finance platforms on the Ethereum network have lost about $285 million to rogue actors since 2019. 3198 Total views 31 Total shares Decentralized finan’s rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers. According to a report by crypto research company Messari, DeFi protocols have […]

Continue Reading