DeFi

Interest in Lido DAO Surges After Binance Says It Will List Governance Token $LDO

On Monday (May 9), the world’s largest crypto exchange by trading volume, announced its plan for $LDO, the Ethereum-based token that grants governance rights in the Lido DAO. What Is Lido? Lido, which was introduced on 15 October 2020, is “a liquid staking solution for ETH 2.0 backed by industry-leading staking providers.” It “lets users stake their […]

Maladex: A Cardano-Powered Trading Platform for ‘Crypto, Indexes, Synthetics, Derivatives’

This article takes a look at Maladex, which according to its developers is an upcoming “research-driven” Cardano-powered decentralized exchange (DEX) that is aiming to be “a full-fledged trading platform… for crypto, indexes, synthetics, derivatives.” The information contained in this article comes from the Maladex website, the Malaxdex white paper, and conversation on Twitter between “ADA […]

$ADA: One Week After Launch, WingRiders Becomes 2nd Most Popular DEX on Cardano by TVL

Last Tuesday, the Cardano-powered decentralized exchange (DEX) that Charles Hoskinson, Co-Founder and CEO of IO Global (IOG) had been “really looking forward to” in the past few months, launched on the Cardano mainnet. WingRiders is being developed by Slovakian FinTech startup Vacuumlabs, which is “a software development company that builds modern full stack fintech solutions for startups, scale-ups and […]

Blockchain Interoperability Solution Allbridge ‘Brings DeFi to the XRP Ledger’

On Thursday (April 14), the team behind cross-chain bridge Allbridge announced that it had “successfully integrated support for XRP Ledger (XRPL), a decentralized, public blockchain built for payments,” delivering on a promise it made back in January. What Is Allbridge? According to Allbridge’s documentation, a blockchain bridge is “a connection that allows tokens and/or arbitrary data to […]

JPMorgan CEO Jamie Dimon Says DeFi Is ‘Real’

On Monday (April 4), JPMorgan Chase Chairman and CEO Jamie Dimon talked about blockchain technology and decentralized finance (DeFi) in his company’s latest annual Letter to Shareholders. In section “Investments and Acquisitions: Determining the Best Use of Capital and Assessing ROIs” of this report, he stated: “We now process payments for eight of the top 10 global Big Tech […]

$ADA Whale Says Cardano TVL Is ‘Going Into the Billions Soon’

A widely-followed Cardano ($ADA) whale on social media has revealed they believe the total value locked (TVL) on the Cardano blockchain is “going into the billions soon” as more projects are launched on top of it. According to a tweet shared by ADA whale with its over 80,000 followers, they see the Cardano network as […]

Cardano ($ADA) Founder Explains Why ‘We Ain’t Seen Nothing Yet on TVL’

On Saturday (March 12), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, talked about TVL in Cardano-powered DeFi protocols. Hoskinson’s comments came in response to an $ADA HODler’s tweet about the rapid growth in Cardano’s Total Value Locked (TVL), i.e. the […]

ARK Invest CEO Cathie Wood: ‘The Financial Revolution Is DeFi’

Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), recently shared her thoughts on decentralized finance (DeFi). Her comments were made during a conversation with John Quelch, dean of the University of Miami Herbert Business School. Wood was introduced by her friend, mentor, and former professor distinguished American economist Dr. Arthur […]

$AVAX: Avalanche Foundation Launches $290 Million Program to Support ‘New Ecosystems’

On Tuesday (March 8), the Avalanche Foundation launched Avalanche Multiverse. What is Avalanche ($AVAX)? Below is a brief description of Avalanche from its developer documentation: “Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale […]

Gemini Lists $SOL, Crypto Analyst Explains ‘How To Earn Insane APRs’ on $SOL Holdings

Crypto Exchange Gemini has announced that it is now supporting $SOL, the native token of Solana, which is “an open source project implementing a new, high-performance, permissionless blockchain” that is maintained by the Geneva-based Solana Foundation. Yesterday (February 28), Gemini announced on its blog that it has added support for $SOL. Currently, $SOL is supported for […]

Ex-Goldman Exec on What Google Trends Is Telling Us About BTC, ETH, DeFi, and NFTs

On Monday (February 21), former Goldman Sachs executive Raoul Pal explained what data from Google Trends is saying about current trends in the crypto space. Google Trends is “a website by Google that analyzes the popularity of top search queries in Google Search across various regions and languages.” It “uses graphs to compare the search volume of […]

Ripple: Key Findings of the ‘Crypto Trends in Business and Beyond’ Report

Earlier this month, FinTech firm Ripple released a report titled “Crypto Trends in Business and Beyond” about a “blockchain-driven landscape” that it calls the “Internet of Value”. Ripple’s 44-page research report — which “focuses on the role of key blockchain use cases like payments and DeFi, and the token types — often referred to as […]

Cardano’s TVL Jumps Over 9000% in January Thanks Mostly to SundaeSwap’s Launch

As Cardano Foundation pointed out on Tuesday (February 1), the Cardano platform’s Total Value Locked (TVL) — i.e. the total amount of funds locked in Cardano’s DeFi protocols — increased by over 9,000% last month as the highly anticipated DEX SundaeSwap went live on the mainnet. Cardano Foundation is “an independent Swiss-based non-profit that oversees […]

Pantera Capital Partner on Ethereum, Solana, and NEAR

Recently, Paul Veradittakit, a partner at crypto investment firm Pantera Capital, shared his thoughts on what lies ahead in 2022 for Ethereum’s layer 2 scaling solutions, L2 blockchains competing with Ethereum (such as Solana), blockchain interopability protocols, NFTs, DAOs, and DeFi security. Veradittakit’s comments were made in the January 2022 issue of his firm’s monthly […]

Coin Bureau on $AAVE: ‘Fair Valuation Could Be Well Over $1,000’

Recently, the popular psuedonymous host of Coin Bureau explained why they feel that $AAVE, which is the governance token of non-custodial liquidity protocol Aave is severely undervalued. What Is Aave? Aave is “a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers.” Depositors “provide liquidity to the market to earn a passive […]

$ADA: ‘The Sweetest Decentralized Exchange on Cardano’ Now Security Audited

SundaeSwap, which calls itself “the sweetest decentralized exchange on Cardano”, has made an important security-related announcement. What Is SundaeSwap ($SUNDAE)? SundaeSwap is “a native, scalable decentralized exchange and automated liquidity provision protocol”. It is backed by cFund (“an early-stage sector agnostic venture firm in the Blockchain industry anchored by IOHK and managed by Wave Financial”); Alameda Research (the quantitative cryptocurrency […]

Algofi and Algorand Foundation Partner to Launch $3M Liquidity Mining Initiative

The team behind Algorand’s “first algorithmic money market and stablecoin” has joined forces with the Algorand Foundation to give away 2M $ALGO tokens in Q1 2022 via the Aeneas Liquidity Program. As Binance Research explained in a research report published in June 2019, Algorand is “a permissionless, pure proof of stake blockchain that ensures full participation, protection and speed […]

How Coinbase’s Non-Custodial Wallet Is Being Improved To Support DeFi and NFTs

Leading US-based crypto exchange Coinbase has outlined a plan for making the future of the internet — or web3 as crypto folks like to call it — and cryptoassets more accessible and user-friendly with its new Wallet. In a recent blog post, Coinbase highlighted the growing adoption of crypto and blockchain-enabled experiences across the world. […]

$AVAX Surges 41% Since Launch of USD Coin ($USDC) on Avalanche

Despite very difficult market conditions during the past few days, $AVAX has been enjoying bullish price action thanks to the arrival of Circle’s highly popular stablecoin USD Coin ($USDC) on Avalanche. What is Avalanche ($AVAX)? Below is a brief description of Avalanche from its developer documentation: “Avalanche is an open-source platform for launching decentralized applications and […]

New BIS Report Looks at DeFi’s “substantial financial vulnerabilities”

A recent report by the Bank for International Settlements (BIS) issues a warning regarding decentralized finance (DeFi), saying that it could cause harm to the existing financial system.  The BIS was established in 1930 and is based in Basel, Switzerland. Its aims are “to serve central banks in their pursuit of monetary and financial stability, to foster […]

An Overview of Five Cardano ($ADA) Powered DeFi Lending Platforms

This article takes a brief look at five decentralized finance (DeFi) lending and borrowing protocols built on top of Cardano smart contracts: Aada; ADALend; Liqwid; MELD; and Paribus. Aada ($AADA) Here is an overview of this project: “Aada is crypto assets lending platform. Smart contract allows to deposit assets and collect interests or borrow assets […]

Elrond ($EGLD) Sets Another New ATH Thanks to Maiar DEX Going Live, Up 1828% YTD

On Monday (November 22), three days after decentralized exchange (DEX) Maiar went live, the price of $EGLD, the native asset of layer one blockchain Elrond, recorded another new all-time high of $478.99 at 10:09 a.m. UTC. What Is Elrond? According to Elrond’s documentation, Elrond, the mainnet of which went live in 2018, is “a distributed […]

World’s First Uniswap ($UNI) Exchange Traded Product Is Launched by Valour in Europe

Valour Uniswap, which is the latest exchange traded product (ETP) by Valour Inc. (a subsidiary of DeFi Technologies), has launched on the Frankfurt Stock Exchange (in German: “Börse Frankfurt”). On October 26, ETP issuer Valour announced the upcoming launch of Valour Uniswap (VALOUR UNISWAP – CH1114178846) on Börse Frankfurt. According to Valour, this is the first […]

Crypto Analyst Apologizes to $SHIB Army: $SHIB More a Competitor to $ETH Than $DOGE

On Sunday (October 24), the host of the highly popular YouTube-based crypto analysis and trading show “Altcoin Daily” apologized to the Shiba Inu ($SHIB) community for thinking of this project as just another meme-based coin competing with Dogecoin ($DOGE) for attention. In a YouTube video released yesterday, at a time when $SHIB was trading around […]

Cardano ($ADA) Powered DeFi Hub Building Cardano-Elrond Bridge Infrastructure

Cardano-powered DeFi Ardana has announced a long-term partnership with high-throughput layer 1 blockchain Elrond ($EGLD), as the result of which Ardana “will build the bridge infrastructure required for asset transfer between Cardano and Elrond.” Ardana is “a decentralized stablecoin hub which will bring the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano”. […]

Chainlink Labs Has ‘A Tremendous Amount of Respect for the Cardano Ecosystem’

Earlier today (September 25), Niki Ariyasinghe, Head of Business Development (Asia-Pacific, Middle East and Africa) at Chainlink Labs, discussed with Tim Harrison, Marketing & Communications Director at IOHK (aka “IOG”), the technology company that develops the software implementing the Cardano protocol, a new strategic collaboration that will “help developers build smart contracts for Cardano DeFi applications.” […]

This Red-Hot Solana ($SOL) Powered DeFi Token Is Up 22000% in Past Seven Weeks

Solana has been the hottest L1 blockchain this summer, with $SOL up almost 7800% so far in 2021. As the result of the interest Solana has generated, projects in the Solana ecosystem have benefited greatly and their tokens have enjoyed huge gains. On June 1, a startup named Saber Labs announced the launch of StableSwap, […]

Cardano Founder Deals With Concurrency FUD, a Second Japanese Exchange Lists $ADA

Shortly after Minswap, the first decentralized application (DApp) on Cardano’s public testnet went live, users started starting getting concurrency-related errors, which led to Cardano critics claiming that this meant that its accounting model cannot support concurrency. At 20:20 UTC on Wednesday (September 1), Cardano’s public testnet hard forked into the Alonzo era, thereby offering support […]

Why And How Bonded Finance Is Helping to Make The Most Out Of Your Altcoins

Important information: This is a sponsored story. Please remember that the value of investments, and any income from them, can fall as well as rise, so you could get back less than you invest. If you are unsure of the suitability of your investment, please seek advice. Tax rules can change and the value of […]

U.S. SEC Signs Deal With Blockchain Firm To ‘Analyze and Trace Smart Contracts’

The U.S. Securities and Exchange Commission (SEC) has reportedly signed a six-figure deal with a blockchain analytics startup AnChain.AI in order to be able to better monitor and regulate the fats-growing decentralized finance (DeFi) space. AnChain.AI was founded by Dr. Victor Fang (who is the CEO) and Ben Woo (who is the COO). Fang, who […]

Decentralized Finance Could Become $800 Billion Industry Next Year, Says Veteran Crypto Investor

Matthew Roszak, a veteran cryptocurrency investor and co-founder of decentralized finance (DeFi) platform Vesper, has revealed he believes the DeFi industry could hit $800 billion next year as its exponential growth trend continues. Speaking to Business Insider, Roszak said he believes a “perfect storm” is underway for the industry, as mainstream cryptocurrency adoption is growing […]

Solana ($SOL) Hits New All-Time High Above $70 as Its DeFi Ecosystem Attracts Investors

The price of Solana ($SOL) has briefly surpassed the $70 mark to hit a new all-time high above $77, as the cryptocurrency outperformed other top cryptocurrencies over the last 48 hours thanks to growing interest in its decentralized finance (DeFi) ecosystem. TradingView data shows the cryptocurrency is up over 150% in the last 30 days, […]

Wormhole Goes Live, Providing Bridge Between Solana, Ethereum, Binance Smart Chain, and Terra

The mainnet for cross-chain interoperability protocol Wormhole has launched with support for Solana, Ethereum, Binance Smart Chain, and Terra. Furthermore, it promises to support other major blockchains in the near future. In a blog post published on August 9, the team said that Wormhole is “a cross-chain messaging protocol, secured by a network of Guardian […]

Poly Network Hacker Returns $600 Million in Stolen Crypto

The Poly Network hack of more than $600 million in cryptoassets has taken a new twist after the hacker decided to return all of the stolen funds.  On August 10, a hacker was able to take advantage of an exploit in the interoperability protocol Poly Network in order to steal $600.3 million in cryptoassets, making […]

Popular Crypto Analyst Explains Why He Is So Bullish on Ethereum ($ETH)

Recently, popular crypto analyst and influencer “Coin Bureau” talked about Ethereum (ETH) and how the ETH price could “skyrocket” even if the DeFi part of its ecosystem managed to replace just a small percentage of traditional finance. In a video released on YouTube channel “Coin Bureau“, the show’s pseudonymous host told the channel’s over 1.13 million subscribers about […]

Crypto Analyst Explains Why He Invested in This Relatively New DeFi Token

Recently, crypto analyst Aaron Arnold, Co-Founder and host of the “Altcoin Daily” YouTube channel, talked about $FORM, the native token of decentralized finance (DeFi) project “Formation Fi“. The following description is from a blog post by the team that was published on June 10: “Formation Fi is a DeFi project that aims to take yield farming […]

eToro CEO: ‘A Transfer of Over $10 Trillion’ Over Next 10 Years Into Cryptoassets

Recently, Yoni Assia, Co-Founder and CEO of social trading and multi-asset brokerage eToro, talked about the future of crypto. The eToro CEO’s comments were made during a conversation he had with journalist Rachel Wolfson, who was reporting for Cointelegraph from Miami’s Bitcoin 2021 conference. Assia said: “When we’re thinking about the future, eToro firmly believes in the combination […]

CFTC Commissioner Dan Berkovitz Is Concerned About Decentralized Finance (DeFi)

During a speech on Tuesday (June 8), Dan M. Berkovitz, one of the five commissioners of the Commodity Futures Trading Commission (CFTC), shared his concerns about Decentralized Finance (DeFi). The CFTC is “an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of […]

Ripple Proposes Federated Sidechains to ‘Unlock DeFi Capabilities’

Ripple’s Chief Technology Officer David Schwartz has proposed the introduction of federation sidechains to allow developers to implement smart contracts and decentralized finance (DeFi) capabilities adjacent to the XRP Ledger. In a blog post, Schwartz noted that Ripple has been resisting adding smart contracts capabilities to the XRP Ledger because of the risk of compromising […]

Shark Tank’s Kevin O’Leary Explains Why He Is Excited Decentralized Finance (DeFi)

Canadian celebrity investor Kevin “Mr Wonderful” O’Leary says the sector within the crypto space that he is most excited about is decentralized finance (DeFi).  According to a report by The Daily Hodl, during in a recent interview (released on May 24) with Anthony Pompliano (aka “Pomp”), O’Leary said:  What interests me the most right now […]

Crypto Analyst Who Called BTC’s Bear Market Bottom Goes ‘All In’ on DeFi and ETH

A cryptocurrency analyst and influencer known on social media as “SmartContracter” has revealed he is “basically all in” on decentralized finance (DeFi) tokens and Ethereum now, and has “literally 0 BTC.” The analyst revealed his position on the microblogging platform Twitter amid a series of tweets revealing he is bullish on Ethereum and some decentralized […]

SushiSwap’s $SUSHI May Be the ‘Most Undervalued Token’ in the Space, Says Arca’s CIO

The Chief Investment Officer of cryptocurrency investment firm Arca, Jeff Dorman, has revealed the firm believes SushiSwap’s SUSHI token may be the “most undervalued” in the cryptocurrency space based on three main overhands. In a Twitter thread, Dorman revealed that SUSHI has underperformed other decentralized exchange tokens, including that of rival automated market maker Uniswap. […]

Polygon (MATIC) Hits New All-Time High as It Integrates New Projects, Transaction Skyrocket

The price of Polygon (MATIC) has hit a new all-time high above $1.5 after the Ethereum scaling solution integrated numerous popular decentralized finance (DeFi ) projects and the number of transactions it processes per day skyrocketed. According to data from a MATIC network explorer, Polygon has now processed over 62.4 million transactions and has nearly […]

TeraBlock Gears Up for an IDO After Raising $2.4 Million

After having raised $2.4 million in funding, the cryptocurrency trade automation exchange TeraBlock is gearing up for its IDO. The Initial DEX Offering (IDO) is set to go live May 11th on BSCPad. TeraBlock raised funding from noted crypto investors including Blocksync Ventures, Blockchain.com, AU21, MarketAcross, BTX Capital, CryptoDormFund, Brilliance Ventures, Magnus Capital, and others. […]

There is an Emerging Need to Get Education About Crypto Taxation in the Age of Defi

The crypto boom is attracting more and more people to invest paper into digital money. But how many are aware of their tax duties? Cryptocurrencies are treated as property for tax purposes in many countries.

MVIS CryptoCompare DeFi 20 Index, Which Includes $LINK and $UNI, Up 391% in 2021

MV Index Solutions (MVIS), a subsidiary of global investment manager VanEck, in partnership with CryptoCompare, a leading provider of digital asset data, launched the MVIS CryptoCompare DeFi 20 Index (Bloomberg ticker: MVDEFI) on Monday (April 19). The MVIS CryptoCompare DeFi 20 Index is a modified market cap-weighted index which tracks the performance of the 20 largest and most liquid decentralized […]

$RAZE Token Successfully Finishes a Launch Combo: Triple IDO and Multiple Listings

Raze Network, a Substrate-based cross-chain privacy protocol, is set to announce the strategic listing of its Raze token on popular decentralized finance (DeFI) platform, Uniswap as well as Balancer. This listing closely follows its recently completed triple IDO event on three launchpads.  The yet-to-be confirmed listing on Uniswap took place on April 16, 2021, at […]

$XRP Joins World of DeFi Thanks to Wanchain’s Cross-Chain Bridges, XRP Breaks $1.61

On Monday (April 12), the Wanchain team announced that now “XRP token holders can put their XRP to work and engage with the world’s many DeFi applications.” Wanchain is a blockchain interoperability platform. Since “Wan” means “ten thousand” in Chinese, the brand name “Wanchain” translates to “ten thousand blockchains”. This makes sense when you consider […]

If You Care About DeFi, You Should Know About the 1inch Network

On Thursday (April 8), the team behind the 1inch project, which is perhaps best known for its highly regarded DEX aggregator, decided to formally introduce all five components of the 1inch Network. The 1inch Network “unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.” Here are a […]

How Decentralized Service Level Agreements Could Help With Hedging Infrastructure Risk

This article looks at how decentralized service level agreements (SLAs) could help with hedging against infrastructure risk, such as delegation risks with Proof-of-Stake (PoS) blockchains. Blockchain technology has allowed for users to transact and send value in a “trustless” environment by removing third-party middlemen. The most basic example of this is Bitcoin, which allows anyone […]

Xend Is Listing on AscendEX

AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Xend Token (XEND) under the pair USDT/XEND on Apr 2 at 1:00 p.m. UTC. Xend Finance is a DeFi platform for cooperatives and credit unions that offers multiple levels of interest by optimizing […]

Crypto Influencer Lark Davis Unveils His New DeFi Altcoin Bet

Popular cryptocurrency influencer and analyst Lark Davis has unveiled a new decentralized finance (DeFi) altcoin that he is betting on in a YouTube video published to his over 240,000 subscribers on the Google-owned platform. In the video, as Daily Hodl reports, Davis reveals he is betting on Tidal Finance’s TIDAL token. The project is building […]

Popular Crypto Trader Nicholas Merten Highlights Three DeFi Altcoins

Top crypto trader Nicholas Merten says three DeFi altcoins are about to benefit from a coming market boom after gains from bitcoin trickle to other crypto-assets.

Yield App Hits 20K Users; Announces Partnership With Constellation Network

As part of its ongoing work to expand the DeFi universe by building relationships with leading crypto projects and platforms, YIELD App announced its partnership with the Constellation Network and its primary exchange, Lattice. The Constellation team will explore opportunities to integrate YIELD App into the Stargazer Wallet, giving users the chance to take advantage […]

Crypto Influencer Names Altcoin He Believes Is Most Undervalued in DeFi

Popular cryptocurrency influencer coin Bureau has named the alternative cryptocurrency he sees as the most undervalued one in the decentralized finance (DeFi) space, pointing out it’s currently tackling a problem in the space. In a video where he spoke to his nearly 500,000 subscribers on YouTube, the pseudonymous analyst revealed he believes Ren (REN) is […]

YIELD App + Launchpool = Corporate Account, Yield Farming

As the decentralized Finance (DeFi) space grows past $40 billion in total value locked, it garners the attention of industry-leading organizations ready to innovate within it and help democratize the space. DeFi wealth management platform YIELD App has now partnered with decentralized project launchpad platform Launchpool to ensure projects have access to higher YIELD’s highest […]

These 2 DeFi Assets Are Making Big Moves As Bitcoin and Ethereum Inch Upward

Two new decentralized finance (DeFi) cryptoassets have gone up by huge amounts in the past two weeks while Bitcoin and Ethereum prices slowly move up to their previous all-time highs.  A report by The Daily Hodl published on March 8 points out the successes of Alchemix (ALCX) and Inverse Finance (INV). Alchemix calls itself “The […]

This Little-Known Altcoin Could Challenge Amazon Web Services, Says Popular Crypto Trader

Crypto trader and influencer Ben Armstrong says the little-known altcoin Cartesi (CTSI) has the potential to be a competitor for Amazon Web Services.

Crypto Analyst Tyler Swope Says These 3 Low Market Cap Altcoins Could Outperform

Recently, crypto analyst and influencer Tyler Swope named his top altcoin picks in the sub-$50 million market cap category.  In a YouTube video (titled: “Lowcap ALTCOIN Gems To SAVE THE DAY!! Top Picks!?”) released on March 4, the host of the “Chico Crypto” YouTube channel, talked about three decentralized finance (DeFi) tokens that he finds interesting. First on […]

Crypto Influencer Ben Armstrong Names 4 Cryptoassets That Could Surge in March

Popular crypto influencer Ben Armstrong has told followers his top four crypto-assets for the coming month, calling bitcoin the top performer.

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