Decentralized finance may be the future, but education is still lacking

Education and accessibility are crucial to make DeFi more accessible to the upcoming inflow of retail investors. Engaging in the traditional financial markets has become less appealing to consumers and institutional investors as of late.

DeFi summer 2.0? 'Gen 2' tokens on a tear amid wider market slump

Decentralized finance 'Gen2' tokens sprint forward as the broader DeFi market gasps for air As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances.  It’s a set of outlier projects pushing forward on both price and fundamentals that has led one crypto analyst, eGirl Capital’s mewny, to brand them as DeFi’s “Gen 2.” feels like theres a gen 1 and gen 2 of defi tokens now the former is stagnant and the latter is pampinghas nothing to do with fundamentals.

PAID Network Protocol Exploited, Attacker Grabs $3,000,000 in Ethereum

Decentralized finance (DeFi) platform PAID Network Protocol is dealing with the aftermath of an exploit in which the attacker got away with millions of dollars worth of Ethereum (ETH).

Ethereum fees are skyrocketing — But traders have alternatives

The issue of scalability is vital if blockchain and decentralized applications are to accommodate a massive user base. With the rapid growth of decentralized finance, upcoming scaling developments on Ethereum 2.0, and increased crypto allocation in the portfolios of institutions, the price of Ether (ETH) is rapidly ascending.

DeFi On Bitcoin To Grow In The Shadow Of Ethereum

Decentralized finance (DeFi) is big and getting bigger, having accounted for only USD 1bn in total value locked (TVL) in July 2020 and now accounting for around USD 40bn.

DeFi will bring a new golden age for the film industry

There are opportunities to be leveraged in bringing DeFi to the film industry, making the investing process easier and more transparent. With an explosion of video streaming as a result of the COVID-19 pandemic and now around $40 billion locked into decentralized finance protocols, it’s time for decentralized finance and the film industry to meet. Film financing is a cumbersome and inefficient system.

Thai bank's venture arm invests in institutional crypto custodian Anchorage

SCB 10X, the venture arm of Thailand's oldest bank, is participating in an $80 million Series C fundraising round for institutional crypto custodian and digital asset platform Anchorage. Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million fund dedicated to investments in global blockchain, decentralized finance and digital asset startups.

Ethereum gas fees drop as daily DEX and DeFi volumes decline

Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs. The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms accounting for $24.33 billion of the total value.

Binance Smart Chain 'copykat' project loses $31 million in possible rugpull

Users now need to ask: how many more protocols are at risk? At roughly 9 am UTC today Meerkat, a decentralized finance (DeFi) protocol on Binance’s smart contract platform, lost $31 million worth of BNB tokens.

Polkadex Raises $3M from CMS Holdings, Outlier Ventures, OKEx Capital and more

[PRESS RELEASE – Please Read Disclaimer] Mar 3, 2021 – Polkadex, the decentralized exchange (DEX) built for Web3 and decentralized finance (DeFi), has raised $3 million in seed and private investment rounds from LD Capital, Kenetic Capital, OkEx capital, NGC, QCP, AU21 Capital, CMS Holdings, OKEx Capital, PNYX Capital, Genesis Block Capital, JRR Group, Cluster […]

Polkadex, DEX built for Web3, Raises $3M from CMS Holdings, Outlier Ventures, OKEx Capital and more

March 3rd, 2021 - Polkadex, the decentralized exchange (DEX) built for Web3 and decentralized finance (DeFi), has raised $3 million in seed and private investment rounds from LD Capital, Kenetic Capit The post Polkadex, DEX built for Web3, Raises $3M from CMS Holdings, Outlier Ventures, OKEx Capital and more appeared first on AMBCrypto.

Where does the future of DeFi belong: Ethereum or Bitcoin? Experts answer

Here’s what decentralized finance experts think about either Ethereum or Bitcoin as the future of DeFi. Decentralized finance is one of the most promising and indeed the fastest growing ecosystems within the crypto and blockchain space.

All you can eat: SushiSwap deploys contracts on five new networks

Top decentralized exchanges are exploring alternatives to Ethereum amid high gas prices, with SushiSwap porting its platform onto five additional networks. Major DeFi protocols are moving to cultivate a multi-chain decentralized finance ecosystem, with SushiSwap deploying its contracts on five networks, and Balancer announcing ports onto Moonbeam and Polkadot.  On March 3, SushiSwap CTO, Joseph Delong, announced the DEX had deployed contracts on xDai, Moonbeam Network, Binance Smart Chain, Polygon (previously called Matic), and Fantom.

Badger DAO announces $21 million treasury diversification via VC partners

Badger DAO has welcomed some deep-pocketed investors into the community with an asset sale aimed at de-risking the treasury portfolio. Some major venture capital names are ‘sett’ to join the Badger DAO community.  Bitcoin on Ethereum-focused decentralized finance (DeFi) protocol Badger DAO announced today a $21 million sale of DAO treasury assets to four major investors: Polychain Capital, Parafi Capital, Blockchain Capital, and noted whale wallet 0xB1.

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Curve Finance is up nearly 30% in 24 hours after traders rallied into the wrong market in response to news that PayPal may have acquired the crypto custodian, Curv. Excitable speculators mistakenly rushed to invest in the native token of decentralized finance protocol Curve Finance (CRV) after reports emerged that payments giant PayPal has acquired the unrelated Israel-based crypto custody firm, Curv. News of PayPal’s Curv acquisition was reported on March 2, with the publications citing anonymous sources “familiar with the matter.” Israel-based media has reported the company may have been sold for between $200 million and $300 million. Within an hour of the news breaking, Curve’s CRV token had rallied by more than 10% as opportunistic traders raced each other to enter the markets — pushing prices up from roughly $2.30 to $2.60. The official Twitter account of Curve has also been mistakenly tagged in numerous posts celebrating PayPal’s acquisition, to which Curve has responded in a bid to dispel the confusion: The correct account for that is @curvmpc, not us— Curve Finance (@CurveFinance) March 2, 2021 CRV quickly reversed the rally to give back all of its gains as traders realized their mistake.

Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high

Aavegotchi price rallied to a new high as the project launched its mainnet and conducted an NFT sale which sold out in less than a minute. Non-fungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017.  The recent pullback in the cryptocurrency market hit decentralized finance tokens (DeFi) pretty hard but as Bitcoin price recovered the $50,000, DeFi and NFT tokens bounced back rapidly.  One project that has successfully capitalized on the DeFi and NFT boom is Aavegotchi (GHST).

Ethereum and DeFi are forcing smart contract platforms to evolve

Smart contract platforms are evolving, with DeFi at the center of it all — but the Ethereum factor is impossible to ignore. The decentralized finance movement was a ticking time bomb waiting to detonate when it finally exploded in 2020.

DeFi mainstays headline Grayscale’s list of new products under consideration

Ethereum protocols account for over a third of Grayscale's assets under consideration for listing as exchange-traded products. Want to buy decentralized finance exposure from your stockbroker? Grayscale may be on the cusp of making it a reality.  In a press release today, the issuer of popular exchange-traded products such as Bitcoin (BTC)-backed Grayscale Bitcoin Trust announced a list of new assets under consideration — and over a third come from Ethereum’s DeFi ecosystem.

Flare Finance: Expanding DeFi to Ripple, Dogecoin, and Litecoin

[Featured Content] The field of decentralized finance (DeFi) is booming over the past year.

Chainlink launches Off-Chain Reporting to boost scalability

Chainlink and its oracles have carved a niche in the decentralized finance [DeFi] space.

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

The total value locked in decentralized finance platforms dropped 16% to $54.4 billion this week, but the quick rebound in DeFi token prices shows traders are not dismayed.

BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments

Major players of the traditional financial industry are looking for new ways how to keep their positions, threatened by the emerging cryptoasset and decentralized finance (DeFi) industries.

DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

Polychain Capital has bet on a new DeFi exchange protocol looking to boost the adoption of stablecoins in DeFi. Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-US dollar stablecoins. DFX raised more than $5 million in seed funding from Polychain and True Ventures to create a new blockchain-powered market for stablecoins and open up DeFi applications to a global audience.

Alameda Research doubles down on Maps.me, invests $40 million in Oxygen

Alameda Research is going all-in on a travel app to jumpstart DeFi adoption How much are 140 million users worth?  After a $50 million direct investment in travel app Maps.me earlier in the year, Alameda Research has announced today a $40 million investment in decentralized finance protocol Oxygen, a Solana-based lending platform that will plug into the app.  Similar to lending protocols such as Aave and Compound, “Oxygen will first offer borrow-lending services via pools, in which users will deposit their assets and leverage Serum’s on-chain infrastructure to lend according to their desired terms.

Jigstack DAO Acquires Icorating.com Platform to Strengthen Its Token Launch Pad Lemonade

A decentralized finance (defi) protocol announced that it officially acquired an initial coin offering (ICO) listing platform.

Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021

Loopring’s increasing DEX volume and token price show the project is emerging as one of the leading layer-two solutions working to address the high gas fees on the Ethereum network. Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network.  While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem following the recent emergence of Binance Smart Chain and Avalanche, those who wish to stay on Ethereum have turned to layer-two solutions like Loopring as their preferred method of escape. A recent report from Delphi Digital has identified Loopring’s decentralized exchange (DEX) as one of the top layer-two contenders, as it has already settled $590 million in volume in 2021.

Aave and Balancer announce hybrid AMM liquidity pool & lending product

In what may become an industry standard, unused liquidity from Balancer will be deposited into Aave, significantly increasing depositor yield In the latest feat of decentralized finance (DeFi) money lego magic, lending platform Aave and automated market maker (AMM) Balancer have teamed up on a hybrid liquidity-and-lending feature that may significantly fatten depositor yields. In a blog post today, Balancer CEO Fernando Martinelli unveiled plans for the project, dubbed the Balancer V2 Asset Manager.

DeFi will provide good regulatory test for SEC, says Commissioner Peirce

The SEC commissioner described the DeFi space as "a work in process" but overall "alluring." Hester Peirce, the commissioner for the US Securities and Exchange Commission known by the nickname "Crypto Mom," welcomes the challenge of regulating decentralized finance. In a speech for a George Washington University Law School event on the digital economy, Peirce said decentralized finance, or DeFi, could be the alternative legacy financial system many are seeking given the surge in anti-Wall Street sentiment surrounding the short squeeze of GameStop stocks.

Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

New research finds that regulated financial institutions can interface with decentralized finance via digital asset marketplaces. While public adoption of crypto assets is increasing, global regulations continue to progress and recognize decentralized technologies as a suitable infrastructure for the dematerialization of securities.

Galaxy Digital Leads $4.3 Million SAFT Into Blockchain Platform Centrifuge

Blockchain protocol Centrifuge wants to bring both traditional and decentralized finance together.

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

New data by on-chain data provider Glassnode reveals that despite the current price correction, Ethereum addresses holding more than 1 ETH have hit a monthly high of 1,175,408.

Top Crypto Analyst Says He Plans To Build Large Position in This Relatively Unknown Altcoin

A prominent crypto strategist and technical analyst is revealing his plan to build a big position in an under-the-radar altcoin.  In a new tweet, the pseudonymous analyst known as Cantering Clark tells his 53,000 followers that he’s looking to accumulate a new breed of crypto asset that targets both users of the decentralized finance (DeFi) […] The post Top Crypto Analyst Says He Plans To Build Large Position in This Relatively Unknown Altcoin appeared first on The Daily Hodl.

Here’s the key element that can boost DeFi's popularity

The world of decentralized finance [DeFi] exploded in 2020 as crypto caught the attention of the mainstream.

CyberFi – An Intelligent Trading and Automation Platform for DeFi

While the decentralized finance (DeFi) space is not new, it has experienced massive growth to surpass $37 billion.

DeFi Protocol Primitive Finance Self Hacks to Prevent Exploit

The decentralized finance protocol Primitive had to take drastic action, hacking its own smart contracts in light of a recently discovered exploit.

Crypto Trader Ben Armstrong Names Top Altcoin, Says Little-Known Crypto Asset Will Erupt in 2021

Crypto trader and YouTuber Ben Armstrong says he’s expecting a decentralized finance (DeFi) gem that’s flying under the radar to explode this year.

Sushi.com Now Belongs to a Decentralized Finance Project

2021 may be a bright year for SushiSwap thanks to a new domain name and an ambitious road map.

Chainlink integrates with Danal Fintech to support retail Bitcoin payments

Despite the selling pressure visible at the time of writing, Chainlink has proven to be one of the largest decentralized finance [DeFi] projects in terms of its market capitalization of $14.10 billion The post Chainlink integrates with Danal Fintech to support retail Bitcoin payments appeared first on AMBCrypto.

Ethereum Breaks Past $2,000 for the First Time as DeFi's Total Revenue Hits $800 Million

Ethereum (ETH) is on fire as it continues making record-breaking moves.

With rebrand on the horizon, Sushiswap receives “Sushi.com” domain name gift

The team "can't believe" they've claimed the hot digital property, and say that the gift came at an opportune time A major decentralized finance (DeFi) protocol’s SEO metrics just spiked through the roof.  In a tweet today cryptocurrency investment fund Future Fund announced that they’d acquired the “sushi.com” domain name on behalf of DeFi platform Sushiswap. Happy to announce we’ve acquired https://t.co/Hjsm7MOIYY for @sushiswapA strong domain will greatly increase internet traffic and exposure to the sushi brand for their forthcoming new projects.2021 will be a big year for $SUSHI pic.twitter.com/NWWkgTldWq— Future Fund (@FUTURE_FUND_) February 19, 2021 Sushiswap’s online presence is notoriously scattered, including domains like “sushiswap.fi” and “sushiswapclassic.org.” In the announcement, Future Fund noted that the simplicity is an improvement, saying, “A strong domain will greatly increase internet traffic and exposure to the sushi brand.” While the terms of the purchase were not revealed, the domain is a hot property that has previously been listed for between $600,000 and $1.5 million, according to various domain sales sites. When ask about the purchase, Sushiswap CTO Joseph Delong’s initial reactions was simple: “Pretty based imo.” According to Delong and core contributor 0xMaki, the timing of the buy couldn’t have been better.

This Radix-Inspired Alliance Wants to Bring DeFi to 100 Million New Users

Decentralized finance has shown the 1% that the masses do not have to remain subjugated to the wills of the financial ruling class.

Uniswap (UNI), Compound (COMP), Other DeFi Coins Are Slipping Lower

Top decentralized finance (DeFi) coins are sliding lower despite strength in the Ethereum price.

Crypto Trader Elliot Wainman Says This Low-Cap Crypto Asset Built on Ethereum Could Be the Next Big Moonshot

Crypto influencer and trader Elliot Wainman is bullish on a low-cap altcoin that is combining the advantages of decentralized finance (DeFi) and non-fungible tokens (NFTs).

Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

Venus protocol becomes the top-ranked DeFi platform on the Binance Smart Chain as XVS price and the total value locked in the platform reach new highs. As decentralized finance continues to increase it hold on the wider cryptocurrency market, Binance Smart Chain (BSC) is beginning to emerge as a suitable option for traders looking to escape from high transaction fees on the Ethereum (ETH) network.  With more attention being paid to BSC, DeFi projects operating on the chain have also seen an influx of buying activity in recent weeks as token holders rush to supply liquidity for recently launched protocols.

Solana Founder On Critical DeFi Challenges and How To Fix Them

Anatoly Yakovenko. Source: A video screenshot, Youtube/Solana High transaction fees and security are the two most pressing challenges in the decentralized finance (DeFi) industry, according to Anatoly Yakovenko, Founder and CEO of blockchain developer Solana (SOL).

As faith in audits falter, the DeFi community ponders security alternatives

Can new code review models solve DeFi's audit problem? As the attacks launched against popular decentralized finance (DeFi) protocols grow ever-more complex, the efficacy of audits from major security companies have in turn come under scrutiny — and some members of the DeFi community have already begun building homegrown alternatives. “I think that now, after all the hacks we’ve had, we basically understand that if you have two audits, three audits, it doesn’t mean you’re safe,” said the co-founder of DeFi Italy Emiliano Bonassi in an interview with Cointelegraph.

PancakeSwap becomes the first billion-dollar project on Binance Smart Chain

PancakeSwap takes advantage of lower costs on the Binance Smart Chain to become the second-ranked DEX by volume. PancakeSwap (CAKE) has emerged as a rising star in the decentralized finance (DeFi) sector with the recent surge in price helping the food-themed token become the first billion-dollar project on the Binance Smart Chain (BSC). Data from Cointelegraph Markets and Tradingview shows that the price of CAKE has risen 520% since reaching a low of $1.89 on Feb.

Mainframe-rebrand HiFi launches fixed-rate lending protocol

The new entrant into DeFi lending hopes to stand out with unique collateral types and features. HiFi — the recent rebrand of onetime decentralized application platform Mainframe, which is focused on decentralized finance — announced today the launch of a fixed-rate DeFi lending platform.  “Fixed-rate lending is an important milestone for DeFi,” said HiFi CEO Doug Leonard in a press release.

Mark Cuban Says Crypto-Based DeFi Movement Reminds Him of Early Days of the Internet

Billionaire entrepreneur Mark Cuban says the crypto-based world of decentralized finance (DeFi) reminds him of the internet boom in the mid-90s.

Aave grows as V2 features trigger increased user interest

Decentralized Finance [DeFi] projects have been gaining momentum in the market alongside many other cryptocurrencies.

Bryan Legend and DeFi Go Together Like Stock and Bonds

Decentralized Finance (DeFi), a product of cryptocurrency’s evolution since the introduction of Bitcoin more than a decade ago is now in a position to mirror the traditional financial products and services.

Spike in DeFi lending pushes Compound (COMP) price to a new high at $570

New entrants to the DeFi sector and established traders looking to borrow funds have pushed the price of Compound (COMP) to a new all-time high. As Bitcoin and numerous altcoins surge toward new all-time highs, traders who are coin rich but cash poor are increasingly flocking to decentralized finance lending platforms where they can collatoralize their holdings to raise funds for new investments.  Compound is one of the leading DeFi lending platforms and over the past month its TVL and governance token price has rallied to new highs. Total value locked in Compound.

0x takes initial steps towards decentralizing governance

As the price for ZRX surges, the 0x team is taking initial steps towards community governance In a post today on their governance and research forums, the team behind decentralized finance (DeFi) DEX protocol 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.” “As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment with seed-funding a community treasury managed by a DAO,” reads the post.

Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain

Two Ethereum-native DeFi protocols are headed to Binance Smart Chain, but critics doubt the layer-1 has staying power Today, yield aggregator Harvest Finance and multi-service platform Value DeFi — two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them — announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance. Not everyone in the Ethereum community is ready to take BSC seriously, however.

Chainlink, Aave, Messari and others launch GoodFi crypto alliance

GoodFi claims to be the first cryptocurrency alliance focused on furthering education and research into decentralized finance.

DeFi Could Trigger Paradigm Shift in the Financial Industry, According to St. Louis Federal Reserve Report

The St. Louis Federal Reserve, one of the 12 regional banks of the US central banking system, has published a new report analyzing the potential of decentralized Finance (DeFi).

Total value locked in DeFi marks new all-time high close to $40B

Total value locked in decentralized finance has hit another milestone, but DeFi proponents would do well to look beyond the effects of the bull market on the gross metric.

DeFi wars heat up as Curve Finance TVL hits $3.99B, surpassing Uniswap

Curve Finance has surpassed Uniswap’s total value locked, a sign that competition between DeFi protocols is heating up. As decentralized finance grows in prominence, a battle of the DEXs is brewing between several of the top protocols like Uniswap (UNI), SushiSwap (SUSHI) and Curve DAO (CRV) as the growing list of platforms vie for investor liquidity and transactions on the network.  In terms of total value locked, DeFi lending platforms currently dominate the space with the top 3 positions currently occupied by Maker (MKR), AAVE, and Compound (COMP).

Federal Reserve Bank of St. Louis Taking Close Look at Ethereum, DeFi

A recent report on decentralized finance is bullish about its potential.

TORN soars 200% as Tornado.Cash’s governance token becomes tradable

Apes rejoice as yet another token airdrop fattens their portfolios The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants. Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers a method to launder their funds), first announced the launch of a governance token in December.

Curve Finance coming to Equilibrium's Polkadot parachain

Decentralized finance exchange platform Curve Finance will soon be implemented on Equilibrium’s Polkadot parachain. Equilibrium, a Polkadot-based DeFi project previously known for its EOS presence, is partnering with Curve Finance to bring the latter’s automated market maker platform, Curve, to the Polkadot (DOT) ecosystem, according to an announcement issued on Monday. The plan involves integrating a Substrate-based version of Curve on Equilibrium’s Polkadot parachain and is supported by the Web3 Foundation’s Open Grant Program. As previously reported by Cointelegraph, Substrate — Polkadot’s blockchain building framework — is already showing significant protocol-level interoperability especially in the version 2 launched back in August 2020. Upon full integration, the Curve plugin will allow for a stablecoin exchange platform where users can trade DOT-based “coins” or tokenized cryptos like wrapped Bitcoin (WBTC) and Ren Bitcoin (renBTC). Despite the initial liquidity limitation, Curve’s market-making algorithms will reportedly be able to minimize slippage risks usually associated with trading tokenized versions of the same coin. Commenting on the risks of opportunistic arbitraging, Equilibrium CEO Alex Melikhov told Cointelegraph that the protocol will combine Curve's efficient token swap mechanics with Equilibrium's incentivized liquidity farming, adding: "Users will receive up to 20% rewards in EQ tokens on their liquidity holdings inside AMM pools.

Can the launch of Colony v2 relieve DeFi’s governance woes?

Years in the making, Colony aims to solve DAO pain points and bring decentralized governance to the masses Colony, an early Ethereum project aimed at building decentralized governance tooling, announced today that it is preparing for a relaunch that’s been five years, multiple missteps, and a few half-starts in the making. If successful, however, the new app could be a boon for the dozens of decentralized finance (DeFi) protocols currently struggling with the clumsy mechanics of DAO governance — a nearly universally-acknowledged problem in dire need of a solution.

Fed-Published DeFi Study By a European Professor Boosts Industry Morale

Decentralized Finance (DeFi) remains a niche market, but its efficiency, transparency, accessibility, and composability make for interesting characteristics, enabling it to potentially contribute to a more robust and transparent global financial infrastructure, according to a study published by the St.

Bitcoin Billionaire Cameron Winklevoss Says Ethereum Significantly Undervalued, DeFi Crypto Assets Are Just Getting Started

Gemini co-founder and Bitcoin billionaire Cameron Winklevoss says Ethereum’s worth is not reflected in its market cap and that the booming decentralized finance (DeFi) sector is still in its infancy.

Anon-powered options: DeFi platform Premia goes live

An all-anon team is hoping to realize the long-awaited dream of a flexible DeFi options platform The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum.  In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered — who collectively requested that they be referred to as “members of the Premia Republic,” the name for Premia’s forthcoming DAO — said that out of the gate users will be able to write, sell and exercise “American-style covered calls and puts,” which can be exercised prior to the option expiration date. Premia’s launch adds to an increasingly crowded DeFi options marketplace, joining projects such as Auctus, Hegic, and Opyn.

yearn.finance Reveals Details on Hack That Triggered $11 Million Loss

Decentralized finance (DeFi) yield aggregator yearn.finance (YFI) reveals the details of a hacking incident that caused a total loss of $11 million to the network.

Major correction for DeFi as Bitcoin rejected again above $40K: What’s next?

The DeFi market has corrected hard as Bitcoin dropped below $40,000, but analysts say a recovery is likely. The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s recovery over the past week. 1-hour candle DeFi index (Binance).

Whales profit as high Ethereum gas fees sideline retail DeFi investors

High gas fees on the Ethereum network are making it nearly impossible for retail investors to interact with DeFi protocols but the same doesn’t apply to whales. Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders.  Despite these features, this week’s record-high gas fees show that the sector is still having growing pains and the absence of a suitable layer 2 solution could be pushing smaller investors away from DeFi. Investors attempting to place a trade on Uniswap or simply approve a new token on their favorite DeFi platform will have noticed the dent these actions have put on their ETH wallet.

The year 2021 will bring DeFi into adolescence

2021 will be a pivotal year for DeFi by transforming the way we see financial services and the future of money. Following the explosive growth of decentralized finance in the second half of 2020, we’re asking ourselves what the next chapter will look like.

Billionaire Mark Cuban Is Buying This Crypto Asset at a Rapid Rate

Billionaire investor Mark Cuban is doubling down on his bet on a top decentralized finance (DeFi) project.

New Crypto Asset Bringing Bitcoin to DeFi Surges 1,086% in Just One Month

A new crypto asset aiming to bring Bitcoin to the decentralized finance (DeFi) movement is mooning, making over 1,000% gains in the past 30 days.

Yearn's YFI Drops Following a USD 11M-Heavy Exploit

Decentralized finance (DeFi) protocol yearn.finance's YFI dropped more than USD 4,000 after one of its DAI lending pools was drained of USD 11m in an exploit.

DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack

Yearn.Finance decentralized finance protocol suffered a $2.8 million loss after a flash loan attack, a scheme frequently seen in the fast-rising DeFi sector.

Market Wrap: Bitcoin Drops to $36.3K as DeFi Jumps to $32B on Ether FOMO

The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.

DeFi Yield Protocol (DYP) Prepares to Take 2021 Head on with New Developments as TVL Surpasses $60M

Decentralized Finance, DeFi in short, is a rage these days as one of the most versatile applications of cryptocurrency’s underlying blockchain technology.

DeFi Calls for the Apple of Bitcoin

As more users join the Bitcoin revolution, it’s essential to set the standards of DeFi so that users use safe and secure decentralized finance-based apps and platforms to deposit their Bitcoin holdings.

Retail Interest Soars as ‘Buy Crypto’ Google Searches Explode To New ATHs

Worldwide "buy crypto" Google searches have reached new ATH records as retail investors seem to target the decentralized finance field.

'DeFi Will Eat JPMorgan' But There Are Risks Before That Meal

Decentralized finance (DeFi) protocols are estimated to grow in a decade or two to tower over legacy financial substitutions, such as major US-based investment bank JPMorgan, but there are specific, inherent risks that still need to be dealt with.

Axie Infinity escapes Ethereum gas fees as Ronin sidechain goes live

The increasingly popular blockchain game will encourage users to migrate land and items early with a limited edition NFT gift. Pokemon-inspired blockchain game Axie Infinity has announced that its long-touted Ethereum sidechain, Ronin, has gone live. Developer Sky Mavis developed the sidechain to ease the pressure of Ethereum network congestion and gas fees on players. The Axie community has grown exponentially over the past year, and Sky Mavis described operating on the Ethereum mainnet as “a bit like training inside the hyperbolic time chamber”; a reference to the popular DragonBall universe. The explosion of decentralized finance, or DeFi, last year saw the Ethereum blockchain struggle to scale, causing delays to transactions and sky-high gas fees.

The future of crypto trading will be omni-chain

The only way for DeFi to realize its potential is through an omni-chain approach, enabling assets of any kind to flow freely through all platforms. It’s now virtually unarguable that decentralized finance is blockchain’s “killer use case.” Total value locked in DeFi grew by over 3,000% over the year leading up to January 2021.

DeFi has to be improved by embracing its peer-to-peer aspect

The time has come to make decentralized finance more P2P-oriented than it has been so far. During this first wave of decentralized finance projects and services, users have been more than willing to part with their funds.

Alpha Drop: A Look at Polychain Capital’s Crypto Portfolio

Polychain Capital, a blockchain asset investment firm that backs projects at various stages of development, continues to add decentralized finance (DeFi) projects to its growing crypto portfolio.

Top Analyst Nicholas Merten Says This Crypto Asset Could Be Next Big DeFi Play

Prominent crypto strategist Nicholas Merten is keeping a close watch on a decentralized finance (DeFi) asset that he says has the potential to more than double its value in the coming days.

Mark Cuban: DeFi, Not Robinhood, Gives Money Back to Users

In a tweet thread on GameStop, Robinhood, and short selling, Mark Cuban made the case for decentralized finance.

EasyFi Showcases Digital ID-Based Credit Solution for DeFi; Upcoming ProBit Exclusive On February 3

The text below is an advertorial article that was not written by Cryptonews.com journalists. Following the partnership between ProBit Exchange and EasyFi to consolidate the current divide between centralized and decentralized finance, EASY will now be featured on the upcoming ProBit Exclusive Lite-on February 3 following their listing in January.

Second layers will save the day in 2021, bolstering Ethereum and DeFi

In 2021, we’re likely to see a lot of crypto industry players adopt sidechains and parachains to provide a better experience for their users. When the decentralized finance sector exploded in summer 2020, it was an eye-opening moment that showed crypto’s actual capabilities to revolutionize finance.

How A Little Bird Is Delivering Trust

Oracles are necessary to bring off-chain data and information into the blockchain Money’s Oracle blockchain technology is building the mechanisms used in the legacy financial system for the cryptocurrency space Money is also working on the Decentralized Finance equivalent of a credit score, which delivers a user’s DeFi history to lending protocols Leveraging trust in […]

Mark Cuban calls token valuations "inflated" shortly after NFT mint

While apes rejoiced at the sight of DeFi bags in Cuban's addresses, he might be preparing for a bearish future. Shortly after a limited edition non-fungible token release, entrepreneur and Dallas Mavericks owner Mark Cuban has called into question the valuations in the NFT space, as well as those in half a dozen other asset classes. Called “The RollUp 2021,” Cuban dropped the NFTs on Wednesday on Rarible, announcing the release in a Tweet: Look what I found! The RollUp 2021 collectible https://t.co/EexbU3DNFy #rarible #ethereum #nonfungible #digitalasset #nft via @rariblecom— Mark Cuban (@mcuban) January 27, 2021 Describing the NFTs — which feature a half dozen-frame animation of Cuban awkwardly gyrating his hips and shoulders while holding what appears to be a yoga mat and laptop in a Dallas Mavericks photo studio — as “halfhearted” would be charitable, but they sold out in short order nonetheless, including two going to whale wallet turn Twitter personality 0x_b1, who has taken an interest in NFTs as of late.  In listing the NFTs Cuban, who has famously waffled when it comes to his public statements on cryptocurrencies, also revealed that he has some significant decentralized finance and Ethereum holdings.

DeFi in the spotlight as legacy brokerages break down

As retail trust in the stock market comes under strain, DeFi developers champion an alternative system As legacy markets roil, brokerages break down, and accusations of market manipulation fly, longtime decentralized finance (DeFi) adherents can’t help but say “I told you so” when it comes to the need for open, unstoppable, and permissionless financial architecture.  Earlier today, popular trading app Robinhood took the possibly unprecedented step of disabling the buying functionality on certain tickers following a massive wave of retail interest in heavily shorted assets.

Will Grayscale venture into DeFi with new crypto trust filings

According to a new filing, Grayscale seems to have set the foundation for crypto trusts associated with the decentralized finance (DeFi) space.

Grayscale prepares for DeFi future with new cryptocurrency trust filings

The world's largest cryptocurrency asset management firm could be set to dip its toes into DeFi after filing five new coin trust registrations. The largest Bitcoin (BTC) and cryptocurrency asset manager in the world, Grayscale, could be set to move into the decentralized finance space after filings for several new trusts were filed in the Delaware corporate registry. New trust filings for Aave (AAVE), Polkadot (DOT) and Cosmos (ATOM) were filed on Jan.

Six Crypto Assets Are Booming Despite Bitcoin Breakdown

A number of decentralized finance (DeFi) assets are surging despite Bitcoin’s current stagnation.

GameStop short squeeze highlights the power of decentralization

What do the traders on r/WallStreetBets have in common with cryptocurrency traders? Both are using technological breakthroughs to skirt processes inherent in traditional financial systems. The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less than $20 per share earlier this month, was deemed by members of the r/WallStreetBets subreddit to be under attack by a hedge fund which had disclosed a large short position in the stock. As a result of the pump coordinated on Reddit and executed by individual traders using platforms like TD Ameritrade and Robinhood, hedge fund Melvin Capital Management lost a total of $3.75 billion by having to close their massive, losing short position on GME. Various centralized trading platforms have now put limits on trading the stock and the president of NASDAQ — the exchange on which GME is listed — suggested that trading could be temporarily halted on stocks deliberately targeted by internet users, in order to give investors a chance to “recalibrate.” Eyebrows were also raised when the subreddit behind the short squeeze, WallStreetBets, was taken offline temporarily and its Discord channel suspended, apparently over content moderation issues.

DeFi Projects Continue to Generate Huge Returns as a Decoupling from Bitcoin is Observed

DeFi projects continue to be lucrative, as their market cap has ballooned to $19.7B (+135% in the past month), according to on-chain data provider Santiment.

3 reasons why Uniswap (UNI) token hit a new all-time high above $15

Uniswap’s governance token notched a new all-time high above $15 as daily volume on the DEX soars and investors anticipate the rollout of new governance rights. Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to exchange for new projects and traders in 2020.  In late 2020, 400 UNI tokens were distributed to all wallet addresses that previously provided liquidity on the platform at at its peak thhe impromptu airdrop was worth north of $3,500. By late October of 2020 the DeFi market has sold-off sharply and this pinned UNI price below the $4.00 mark for weeks but since the start of 2021, UNI token has gained 335% and reached a new all-time high at $15.35 on Jan.

WATCH: Top cryptocurrency trends in 2021, according to the Cointelegraph crew

See what the Cointelegraph crew thinks are the most important trends of 2021 in our latest video. Bitcoin bubbles, Big Brother, decentralized finance, nonfungible tokens and Ethereum: These are some of the key 2021 trends that the Cointelegraph crew pointed out back at the beginning of January.

DeFi Trends to Watch Out For in 2021 According to ConsenSys and Kraken

The world of decentralized finance (DeFi) this year, among other developments, will likely see rising popularity of tranche lending, increased use of Layer 2 protocols as a scaling solution, faster tokenization on Ethereum (ETH), and improved mobility of staked ETH, estimates ConsenSys Codefi, a unit of ETH-focused major blockchain company ConsenSys. The Q4 2020 DeFi

Anthony Scaramucci: The GameStop Frenzy Highlights Bitcoin’s Strengths

SkyBridge Capital’s Anthony Scaramucci explains how the skyrocketing stock price of GameStop is actually positive for Bitcoin and decentralized finance.

Solana targets growth in Southeast Asia with a $5M grants scheme

The $5 million fund only allows projects with a physical presence in Southeast Asia to apply for the program which provides up to $100,000 plus technical and community support. Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund. The Solana Foundation created the fund in partnership with Vietnam-based investment firm Coin98 Ventures, enabling regional startups building on Solana to receive technical, marketing, and community support, as well as up to $100,000 in funding.

Ethereum Needs To Clean Its Value Proposition - Coinbase

While ethereum (ETH) outperformed and was more volatile than bitcoin (BTC) in 2020, and as decentralized finance (DeFi) is expected to expand it further, the ETH community still needs to try harder in clarifying the Ethereum narrative, according to major crypto exchange Coinbase.