#DeFi News

State Street Launches New Division Dedicated to Digital Finance

State Street Launches Dedicated Cryptocurrency Division

June 12, 2021 by Aisshwarya Tiwari at Bitcoin

State Street is the latest among Wall Street heavyweights to join in the digital assets bandwagon. State Street Establishes Digital Finance Offshoot Despite the cryptocurrency market cooling-off in recent weeks, the number of institutional investors joining the emerging industry continues to increase. The latest in the fray is State Street...

IoTeX Launches Polygon Cross-Chain Bridge for Bi-Directional Token Swaps

June 11, 2021 by Ogwu Osaemezu Emmanuel at Altcoins

IoTeX (IOTX), has announced the completion of its cross-chain bridge to Polygon (MATIC). Dubbed ioTube v4, the team says the cross-chain bridge now supports two-way token swaps between IoTeX and Polygon, Ethereum, and Binance Smart Chain (BSC). IoTeX Multi Chain Bridge Now Live Building upon its partnership with Polygon (MATIC),...

Formation Fi Breaks Dao Maker All Time Sho Record

Formation FI Makes DeFi History as SHO Fundraiser Gets Oversubscribed by 200x

June 11, 2021 by Ogwu Osaemezu Emmanuel at DeFi

Formation FI has achieved a massive feat in the decentralized finance world, as its Strong Holder Offering (SHO) event conducted on DAO MAKER’s DAO PAD on June 7, 2021, successfully raised $45 million via a record-breaking 6,020 SHO registration FORMATION.FI Launches to Give Yield Farmers More Formation FI, decentralized finance...

Bullperks Private round allocation whitelist

BullPerks Announce Change in Amount Allocated to Public IDO

June 10, 2021 by Adeniyi Olowoporoku at Altcoins

Decentralized venture launchpad platform BullPerks has announced that it has made changes to the amount of its token available for the public IDO. In addition, changes have been made to increase the amount available for the private round sales. Significant Changes to IDO Allocation BullPerks made this known in a...

MahaDAO Set to Launch Collateral-backed Stablecoin on Polygon

June 10, 2021 by Anthonia Isichei at DeFi

Polygon’s decentralized finance (DeFi) matrix is set for further expansion as MahaDAO readies the launch of the world’s first “valuecoin” on the network. MahaDAO’s value coin is a collateral-backed stablecoin with added yield farming capabilities for the algorithmic stable currency. ARTH Stablecoin to go Live on Polygon According to a...

Unbound Finance Raises $5.8M led by Pantera Capital and Michael Arrington’s XRP Capital

June 10, 2021 by Ogwu Osaemezu Emmanuel at DeFi

Unbound Finance has secured $5.8 million in investment from leading crypto investors, including Pantera Capital and Arrington XRP Capital, to support the firm and become the first ever decentralized cross-chain stablecoin. Unbound is aiming to create capital efficient products that are both native and composable to the DeFi ecosystem. The...

Bitrue Adds Voting Utility to Its BTR Coin, Delivers on the Promise

June 10, 2021 by Dalmas Ngetich at Altcoins

Bitrue is expanding the utility of its native currency, BTR, in line with its original launch plan. BTR now has a Voting Utility Through a press release on June 10, voting rights added to the two-year-old coin align the interest of their vibrant community, allowing the listing of their favorite...

Blockchains breaking apart regular money decentralized

Stability in Crypto Assets with e-Money’s Interoperable Stablecoins

June 9, 2021 by Ogwu Osaemezu Emmanuel at Altcoins

Since their inception, Stablecoins have changed the way we interact with and invest in cryptocurrency assets. Recently, due to favorable market conditions and an influx of new money, Stablecoins are now being minted at a record pace and are enabling spaces in Crypto such as DeFi, trading, and investment to...

Billionaire Entrepreneur Mark Cuban Reveals he Holds Bancor (BNT)

June 9, 2021 by Ogwu Osaemezu Emmanuel at DeFi

Mark Cuban holds BNT -- the token for decentralized finance (DeFi) protocol Bancor, citing the simplicity, impermanent-loss protection, and user-friendly nature of the DeFi platform as his major reasons. Mark Cuban Chooses Bancor (BNT) Billionaire Mark Cuban, a former bitcoin (BTC) skeptic that has now embraced decentralized finance (DeFi), has...

Growing Developer Interest In Moonbeam Confirms The Viability of Multi-chain Interoperability

June 9, 2021 by Ogwu Osaemezu Emmanuel at Altcoins

Multi-chain support for projects and developers has become an increasing topic of debate lately. It is no longer sufficient to focus on one blockchain or layer to achieve long-term goals. Moonbeam's recent Illuminate/21 event celebrated the various multi-chain projects built on this technology. Cross-Chain Interoperability is A Must The time...

Coinsilium Group Limited’s Nifty Labs Starts RSK-Powered NFT on Bitcoin Marketplace Development

June 9, 2021 by Ogwu Osaemezu Emmanuel at Altcoins

Coinsilium Group Limited is an open and crypto finance venture builder that creates and implements services and products based on blockchain technology. It was the very first blockchain organization that went public back in 2015. Over time it has invested in the leading and popular blockchain projects such as Blox,...

Messari - DeFi Can Continue to Grow as ‘Useless’ Top 30 Coins Wither

World Economic Forum Seeks to Offer Clear Policy Landscape For DeFi

June 9, 2021 by Wayne Jones at DeFi

On Tuesday, the World Economic Forum (WEF) published its policy toolkit for Decentralized Finance (DeFi). Dubbed the Decentralized Finance (DeFi) Policy-Maker Toolkit, the release aims to offer policymakers useful guidance to help them navigate the swiftly evolving sector. Exploring the DeFi World The framework is expected to help government and...

The Maker Foundation Returns Dev Fund Holdings to the DAO

MakerDAO (MKR) Conducts Poll to Onboard Real World-Assets

June 8, 2021 by Ogwu Osaemezu Emmanuel at DeFi

The MakerDAO team is conducting a governance poll aimed at enabling members of its community to vote in favor of or against the addition of some real-world assets, including the ConsolFreight DROP Token (CF-DROP). The poll is live now and it’s scheduled to run until June 10, 2021, according to...

BullPerks Launches $15k Whitelist Campaign for Private Allocation of Native Tokens

June 8, 2021 by Adeniyi Olowoporoku at Altcoins

Decentralized venture launchpad protocol BullPerks has revealed the launch of a whitelist campaign for the private allocation of its project token. BullPerks revealed that $15,000 has been allocated for the private allocation and shared among 50 winners from the whitelist. The winners will be able to buy the token at...

The Rise And Rise of DeFi Derivatives Markets

Meet Unizen: A Smart Exchange Ecosystem Capitalizing on CeDeFi

June 7, 2021 by Ogwu Osaemezu Emmanuel at Altcoins

Unizen is a smart exchange ecosystem that combines the best features of both centralized and decentralized exchanges, creating a structure coined “CeDeFi.” In order to provide value as quickly as possible while ensuring future innovation—both from the Unizen team and third party partners—the platform is optimized as a modular build. ...

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