DeFi Archives - 📈 TradingTheMarkets

in Analysis, Bitcoin, Blockchain, Business, Cryptocurrency, DEFI, Ethereum, Technology

DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’

Alex Tapscott’s new book breaks down key DeFi concepts for business leaders. Decentralized finance (DeFi) has massive potential to transform traditional financial services. Data from Emergen Research recently found that the global DeFi platform market size is expected to reach $507 billion by 2028. Moreover, the total value locked within DeFi currently exceeds $75 billion, demonstrating fast-paced growth compared to previous… More

July 15, 2022, 12:35 pm
in Cryptocurrency, DEFI

Crypto crash wreaking havoc on DeFi protocols, CEXs

Data points to capital flight among most major DeFi protocols. On Monday, a heavy cryptocurrency sell-off in the markets caused significant ripples for projects and entities alike. On popular decentralized finance, or DeFi, lending protocol Aave (AAVE), utilization rates have fallen across nearly all stablecoin borrowings. Most notably, borrowings for Binance USD (BUSD) now stand… More

June 13, 2022, 11:35 am
in Cryptocurrency, DEFI, Ethereum

Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH

ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it. Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges.ETH/USD hourly price chart. Source: UniswapOver $130M… More

June 13, 2022, 11:35 am
in Cryptocurrency, DEFI

PoolTogether raises 471 ETH with NFTs to fund legal defense

The platform has already raised more than half of its target and still has another 21 days to go before the NFT funding campaign ends. So-called “no-loss lottery” decentralized finance (DeFi) platform PoolTogether has raised 470.90 Ether (ETH) via nonfungible token (NFT) sales to fund its legal defense against a putative class action lawsuit.That means… More

June 1, 2022, 11:34 am
in Bitcoin, Cryptocurrency, DEFI, Ethereum

Cosmos price rebounds 45% in one week despite Terra’s debacle — What’s next for ATOM?

ATOM’s ascending triangle setup opens up the possibility for another major crash by June 2022. Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week.Cosmos TVL down from $10M… More

May 20, 2022, 11:34 am
in Cryptocurrency, DEFI

Crypto needs regulation but should be done right: Report and database

The absence of a well-defined regulatory landscape sows uncertainty in the crypto industry. What should the regulators do to set things right? Regulatory attitudes toward crypto are constantly evolving, often at a slower pace than the crypto industry itself. Institutions and the broader public will not seriously consider working with cryptocurrencies without clear and comprehensive… More

May 12, 2022, 11:36 am
in Bitcoin, Cryptocurrency, DEFI, Ethereum, Markets

Anchor Protocol rebounds sharply after falling 70% in just two months — what’s next for ANC?

The total value locked inside the Anchor Protocol’s liquidity pools reached an all-time high earlier this week. Anchor Protocol (ANC) returned to its bullish form this May after plunging by over 70% in the previous two months. Pullback risks aheadANC’s price rebounded by a little over 42.50% between May 1 and May 6, reaching $2.26, its… More

May 8, 2022, 11:34 am
in Cryptocurrency, DEFI, Markets

Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

AVAX is trading below $65, but the network’s large DeFi ecosystem and DApp use are reflective of its strong fundamentals. Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its… More

April 30, 2022, 11:34 am
in Cryptocurrency, DEFI

Fireblocks expands institutional access to Terra’s DeFi ecosystem

Investors in the Fireblocks’ Early Access Program put up close to $250 million into the Terra DeFi ecosystem within the first 72 hours of its integration going live. Fireblocks, a digital asset custody platform, announced that it has enabled institutional decentralized finance (DeFi) access to Terra (LUNA), the second-largest DeFi protocol by total value locked… More

April 26, 2022, 10:36 am
in Cryptocurrency, DEFI

Hacker bungles DeFi exploit: Leaves stolen $1M in contract set to self destruct

A hacker apparently so thrilled by a successful theft left behind over $1 million in a smart contract that was set to destruct, permanently ensuring the crypto could never be moved. In a rare comedic bungle among decentralized finance (DeFi) exploits, an attacker has fumbled their heist at the finish line leaving behind over $1… More

April 22, 2022, 10:34 am
in Cryptocurrency, DEFI

The integration of CeFi and DeFi through Binance Bridge 2.0

Read this guide to learn how to bridge assets from any blockchain to BNB Chain using Binance Bridge 2.0. Integration of CeFi and DeFi through Binance Bridge 2.0DeFi is driving the development of cutting-edge Web3 use cases such as nonfungible tokens (NFTs), gaming and the metaverse. With the Binance Bridge 2.0, DeFi can be brought… More

April 18, 2022, 9:36 am
in Cryptocurrency, DEFI

Ava Labs raises $350M at $5.25B valuation: Report

The raise comes as total value locked on the Avalanche blockchain remains steady at around $14.6 billion. According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of the agreement have not been made… More

April 14, 2022, 9:34 am
in Blockchain, Cryptocurrency, DEFI

Report: DApp daily users surge to 2.4M in Q1 2022 despite headwinds

It appears record-level DeFi exploits have not hurt crypto enthusiasts’ confidence in DApps. According to a new industry report published by DappRadar, the number of users engaging in decentralized applications, or DApps, every day surged 396% year over year to 2.4 million. This is only 5.8% below the same user activity level witnessed in Q4… More

April 6, 2022, 8:36 am
in Cryptocurrency, DEFI

DeFi to reach mass adoption via institutional participation, DEX founder says

The DeFi industry must address scalability, liquidity and gas issues before serving more users, said Eric Chen, CEO and co-founder of Injective Labs. While decentralized finance (DeFi) token prices may be going down, new forms of utility like liquid staking are on the rise and some believe that more people may be drawn to DeFi as… More

March 17, 2022, 6:35 am
in Cryptocurrency, DEFI

Aussie fintech to offer mainstream direct access to DeFi with a fixed rate

Taking the “heavy lifting” out of DeFi — Block Earner has received $6.4 million in seed funding and is ready to offer fixed yields from Aave and Compound to Australian investors. Australian fintech company Block Earner has officially gone live, offering everyday investors a 7% fixed rate investment product by utilizing decentralized finance (DeFi) technology.Block… More

March 17, 2022, 6:35 am

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