DeFi

As is the case with every currency, asset, security, stock, metal, bank, and whatnot, the market is always in constant competition. Competition from powerful dominators, competition from emerging underdogs. There is no room for slowing down. And with cryptocurrencies, it’s much worse. Since, unlike traditional markets, crypto markets trade 24/7, assets and investors alike areContinue reading “Cardano v. Binance Coin – Why the battle for the third spot is still in the air”

The DeFi ecosystem has become a legitimate part of the crypto-ecosystem over the past year. It started as a yield farming experiment by Yearn Finance on Ethereum. However, very soon, multiple exchanges, lending, and payment protocols came into being from the decentralized finance segment. The explosive nature of DeFi on Ethereum led to rising txContinue reading “Ethereum is a ‘brand’ now, but can its DeFi ecosystem remain unmatched”

Over the past few weeks, the commotion surrounding DeFi and NFTs has dropped in volume as the price action of major crypto assets is taking center stage. In the background, activity is still prominent but one key observation is the fact that many speculators club the narrative of DeFi, NFTs as one. While DeFi orContinue reading “Determining the extent to which DeFi, NFTs appeal to Ethereum, Binance whales”

Cryptocurrency’s transformation from speculative investment to a balanced portfolio stablemate continues to gather pace. Governments around the world remain divided on how to regulate the emerging asset class. But one thing is for certain, regulators are starting to see the value of cryptocurrencies. Industry expert Raoul Pal, discussed the same in the latest decentralized financeContinue reading “The solution to crypto regulation may consist of a ‘grand compromise’”

Spot activities have some effects on DeFi protocols. However, what is currently happening with AAVE is expected to have an impact. 1 November could prove to be an important date for the token in a lot of ways. AAVE on a ride This week has been a rollercoaster ride for the DeFi protocol. On 29Continue reading “Aave back on track after temporary setback, readies for upcoming AIP”

Ethereum 2.0 Altair Beacon Chain update had a successful start, with 98.7% of the nodes upgraded at the time. This marked an important step towards the Merge, the transition to a proof-of-stake consensus mechanism. Since July, Ethereum also underwent important upgrades, such as the London hard fork. This update incorporated a deflationary burning mechanism toContinue reading “Over 700,000 ETH burned; Merge may take Ethereum ‘toward deflation’”

Cardano’s Project Catalyst is a matter of some intrigue: a decentralized fund of about $1 billion meant to be voted upon and allocated to those with proposals to improve the Cardano ecosystem. On 29 October, an ecosystem builder announced that not one, but all of its proposals, had been funded thanks to Catalyst. Change isContinue reading “Cardano’s Project Catalyst allocates funds to dcSpark for improving ecosystem”

An investor reportedly lost $470,000 to a dog-inspired DeFi project. In an interview with CNBC, the investor admitted, “We, in crypto, tend to have a ‘buy first, do research later,’ mentality.” The said project, AnubisDAO, raised $60 million with its ANKH token sale. However, upon a closer look at the community, it appears the entireContinue reading “What happened to the $60 million raised by this dog-themed DeFi project”

The DeFi ecosystem CRD Network has partnered with Chainlink to bring all-in-one compliance solutions to DeFi platforms across various blockchains. By launching a Chainlink node, the API hub aims to act as the treasury of compliance data for various DeFi platforms integrated into its network. In a blog post shared earlier today, the network noted,Continue reading “CRD Network partners with Chainlink for interoperability of KYC data across DeFi platforms”