DeFi
DeFi Is a 'Viable Alternative' to Traditional Finance, Umee CEO Says
"DeFi is a viable alternative to what we see in traditional finance," Umee CEO Brent Xu said, weighing in on the state of the decentralized finance market following the multiple banking collapses in March. "People don't trust their money in deposits anymore," Xu added.
Bitcoin Dips Below $28K Ahead of U.S. Job Report
Bitcoin slipped below the $28,000 level ahead of the March jobs report. Brent Xu, founder and CEO of DeFi lender Umee, joins "First Mover" to discuss BTC's bullish actions since the start of 2023. Plus, insights on the state of decentralized finance.
Diving Into DeFi to Navigate the New Wave of Finance
Decentralized Finance, also known as DeFi, effectively lets people be their own bank by replacing traditional institutions with trustless, transparent, and immutable code in the form of smart contracts.
Bitcoin Holds Steady at $28.5K as Private Sector Hiring Decelerated in March
Banrion Capital Management Chief Investment Strategist Victoria Bills joins "First Mover" to discuss bitcoin's recent price action, citing consumer insecurity that stems from the recent banking failures. Plus, the latest on ether's rally ahead of the Shapella hard fork and the overall performance of DeFi.
Arbitrum, Optimism Maintain Spots in Top 10 TVL Blockchains: DappRadar
A new report from DappRadar suggests that Layer-2 solutions are gaining traction in the DeFi space. DappRadar Head of Research and Analytics Pedro Herrera breaks down why decentralized finance was in the spotlight in the first quarter and the significance of the highly anticipated token airdrop of Arbitrum.
Interest in DeFi Sector Rises Due in Part to Arbitrum Popularity: DappRadar
A new report from DappRadar shows the total value locked in DeFi rounded out the first quarter with over $83 billion, thanks in part to the rise in interest of scaling solutions like Arbitrum, Fantom, and Optimism. That's an increase of nearly 38% from the previous quarter. DappRadar Head of Research and Analytics Pedro Herrera breaks down the details of what happened in the first quarter as jitters swirling around the U.S. banking sector remain.
XRP Climbs for a Second Day
XRP tokens jumped for a second straight day, adding as much as 11% in the past 24 hours. They were buoyed by speculation that the classification of bitcoin and ether (ETH) as commodities in the U.S. Commodity Futures Trading Commission (CFTC) suit against Binance might mean XRP tokens are classified as commodities as well. Arca Chief Investment Officer Jeff Dorman discusses the recent surge and why DeFi protocols could provide investors with "downside protections."
$119M in Crypto Stolen So Far in 2023, NFT Rug Pulls on the Rise: Crystal Blockchain
Hackers have stolen $119 million in crypto in 19 breaches so far in 2023, Crystal Blockchain says in a new report, which includes data ranging from the Mt. Gox crypto exchange hack in 2011 to Feb. 18, 2023. The blockchain intelligence firm says although DeFi protocols have been hackers’ favorite targets since 2021, they are preying on NFT projects. "The Hash" panel discusses the report and what it reveals about open finance vulnerabilities.
U.S. Treasury Close to Releasing Report on Use of DeFi in Illicit Finance
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in on the latest developments.
