#DeFi News

Acting OCC Chair: In the Future, Banks Will Be Blockchain Node Operators

October 21, 2020 by Dalmas Ngetich at Blockchain

Banks won’t survive the incoming blockchain disruption and their roles will be relegated to advisory and value addition, the Acting Comptroller of the Currency, Brian Brooks, said during the ongoing DC Fintech Week Virtual Experience on Oct 19. In the future, he adds, banks will be operators of blockchain nodes as a direct response...

Kava Labs Releases the World’s First Cross-Chain Money Market, HARD

October 16, 2020 by Dalmas Ngetich at DeFi

HARD, the world’s first cross-chain money market, is now live on the interoperable Kava blockchain. The open-source application could not have launched at a more perfect time as the user demand is very high. The app built on Kava will eventually support lending and borrowing functions. Raising the Bar for...

Over 1 Billion ZIL Tokens Staked on Zilliqa’s Non-Custodial Staking Platform

October 15, 2020 by Aisshwarya Tiwari at Altcoins

High-throughput blockchain network Zilliqa (ZIL) is all-in on DeFi. Zilliqa Goes DeFi DeFi is all the rage in the wider cryptocurrency landscape with billions of dollars locked into several DeFi protocols currently. Joining in the bandwagon is now Zilliqa, a high-performance blockchain platform for enterprises and next-generation decentralized applications (dApps)....

Uniswap proposal under fire for enabling Dharma to take over governance

Dharma Criticized for Trying to Takeover Uniswap Governance

October 14, 2020 by Ogwu Osaemezu Emmanuel at DeFi

Dharma's October 12, 2020, Uniswap governance proposal has been strongly kicked against by some members of the Uniswap community who claim the proposal is designed to give the former too much power over the latter and ultimately take over Uniswap’s sovereignty, according to a blog post on October 13, 2020. Dharma’s...

Gate.io Launches Wallet S1, a Hardware Wallet with Fingerprint Recognition Technology

Cryptocurrency Exchange, Gate.io, Launches a $50 Hardware Wallet With Fingerprint Technology

October 14, 2020 by Dalmas Ngetich at Blockchain

Gate.io, a leading liquid cryptocurrency exchange, is launching a new hardware wallet dubbed Wallet S1 with fingerprint recognition technology. As per a press release on Oct 14, the exchange said its objective was to safeguard the private keys of its users’ digital assets. Each wallet will retail for $50 first...

About Time: Automated Crypto Press Release Distribution Service Chainwire Launches

October 14, 2020 by Ogwu Osaemezu Emmanuel at DeFi

MarketAcross, a global leader in blockchain PR and marketing, has announced the launch of Chainwire, an automated newswire syndication service for the cryptocurrency and blockchain sector. Chainwire is designed for crypto projects, exchanges, investment firms, and PR agencies, allowing for simultaneous publication of press releases across multiple outlets with guaranteed...

Binance Research: Ethereum Actively Powering the DeFi Ecosystem

Ethereum Still King of DeFi but Other Protocols Are Fast Gaining Traction

October 12, 2020 by Ogwu Osaemezu Emmanuel at DeFi

DappRadar’s Q3 2020 Decentralized Finance Report shows that Ethereum-based protocols including Uniswap (UNI), Sushiswap (SUSHI), and Balancer (BAL) accounted for a massive 96 percent of total transaction volume in the DeFi space. However other protocols including EOS, Tron (TRON), IOST (IOST), Ontology (ONT) and NEO (NEO) have also started to...

Price Oracle Provider DIA (DIA) Partners with Cross-Chain DEX in Polkadot Ecosystem

October 9, 2020 by Dalmas Ngetich at DeFi

Decentralized Information Asset (DIA)—a Swiss non-profit, is now partnering with Polkastarter--a DEX built for interoperable token pools and auctions in Polkadot, to provide oracles services thereby enabling DeFi trading. Building a High Slippage Alert System in Polkastarter Oracle data will also be used for pricing and building anti-slippage features with...

Coinbase and Huobi-Backed DEX to Rival Uniswap

October 8, 2020 by Evan Ezquer at DeFi

In March this year, a Chinese team created a decentralized exchange (DEX) project called CoFix, to rival one of the most popular DeFi protocols, Uniswap. What’s more interesting is the list of major crypto investors who supported the new venture. It was led by Coinbase Ventures, others included Huobi and...

Yup’s Multi-Chain Token Launch Will Reward Liquidity on Ethereum and Influence on EOS

Yup Online Content Rating Platform Unveils YUP Token, Content Curators to Earn Huge Rewards

October 8, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Yup, an opinion layer of the web that’s focused on rewarding the masses for rating content across the web, has announced that its Yup Protocol v1 and its native YUP token will go live on October 9, 2020. Once the YUP token goes live, it will be distributed as rewards...

AdEx Network Goes to Mainnet with Chainlink ADX-ETH Price Feed Integration, Pioneers Elastic Issuance

October 7, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Sofia, Bulgaria — October 07, 2020 — AdEx Network (https://www.adex.network/) is going live on mainnet with a Chainlink oracle integration and launches a novel DeFi concept: elastic token issuance. In August 2020, AdEx Network announced plans for integrating Chainlink data oracles in the AdEx staking ecosystem. The advertising platform is now going live with...

DeFi in Bitcoin Expands After RSK Integrates DAI

DeFi on Bitcoin Expands After RSK & RIF Integrate DAI

October 6, 2020 by Dalmas Ngetich at DeFi

DAI—a popular crypto-collaterized stablecoin issued by MakerDAO, is now available on RSK & RIF. RIF Development Team Integrates DAI The RSK Infrastructure Framework (RIF) development team has now successfully used the RSK-Ethereum token interoperability bridge to expand DeFi capability on the RSK network. The bridge was launched early this year....

Ethereum Gas Fees Drops by over 80% as DeFi Craze Subsides

October 5, 2020 by Adeniyi Olowoporoku at Ethereum

Ethereum transaction fees have returned to normal after months of record highs. This could be a sign that the DeFi bubble could be over. Gas Fees Plunge by over 80% Ethereum gas fees had been the subject of discussion within the crypto community with fees reaching record highs in recent...

Radix Set Incentivize Open Source Development

Radix Set to Incentivize Open Source Development with on-Ledger Developer Royalties

October 2, 2020 by Dalmas Ngetich at Altcoins

A huge proportion of computing resources used in the world today are open source. Collectively, the open-source developer community has created a massive pool of software, libraries, frameworks, and other developer tools that have transformed the world. These resources, which are largely developed by volunteers, have become the bedrock upon...

MakerDAO Supports Chainlink (LINK) as Collateral to Stabilize the DAI Peg

October 1, 2020 by Dalmas Ngetich at Altcoins

MakerDAO, one of the world’s leading decentralized autonomous organization built on Ethereum and solely reliant on smart contracts to effect trustless borrowing, saving, and lending of ETH and its tokens, now supports Loopring (LRC), Compound (COMP), and Chainlink (LINK) as collateral after a proposal was passed on Sep 30. MakerDAO Enables...

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