#DeFi News

NFTs Are Set to Become 2021’s Biggest Hit – But Speculation Isn’t the Only Utility

February 16, 2021 by Dalmas Ngetich at DeFi

Non-fungible tokens are shaping up to become 2021’s biggest hit. According to a recent report from nonfungible.com, $250 million worth of NFTs were traded in 2020, up nearly 300% in 2020 alone. Active wallets also increased by 97% last year, and the buyer market grew by 67%. The market cap...

Exchanging of Favors: Bitfinex and OKEx Mutually List Native Tokens

Arcanum Capital Partners with Alpha Innovations to Launch $10 Million Startup Fund Focused on Blockchain, DeFi

February 16, 2021 by Adeniyi Olowoporoku at Blockchain

Asset management firms Alpha Innovations and Arcanum Capital have announced the launch of a $10 million capital fund. This was revealed on Monday, February 15, 2021, and will focus on seeding and incubating blockchain and DeFi startups. $10 Million Startup Fund According to a company statement on Monday, the startup...

DeFi Infrastructure Providers Find It Hard to Keep up with User Demand

UniFarm Cohort 2 Launches Pooled Farming For 6 Top DeFi Projects

February 16, 2021 by Dalmas Ngetich at Altcoins

After a highly successful initial launch, UniFarm has returned with their latest cohort of six of the top DeFi projects including Matic Network, Terra Virtua, Nord Finance, Router, and ZeroSwap, and OpenDeFi - the latter being the developer of UniFarm. Using UniFarm, users can farm multiple project tokens in an...

While NFTs Continue to Boom, Charlie Lee Shares his Thoughts on Fungibility

As NFTs Continue to Boom, Charlie Lee Shares His Thoughts on Fungibility

February 15, 2021 by Wayne Jones at Altcoins

The innovation of Non-fungible tokens (NFTs) in the world of blockchain promises to introduce a new means for authenticating ownership of digital artifacts. Understanding NFTs Non-fungibility refers to these tokens' uniqueness and indivisibility, which means that NFTs can't be exchanged for other tokens as they hold special features and valuation. ...

Synthetix Raises $12 Million from 3 VCs, Focus on V3 and China

February 14, 2021 by Dalmas Ngetich at DeFi

Synthetix--a DeFi protocol enabling trustless derivatives trading, has raised $12 million in a round of funding spearheaded by three venture capitals, a confirmation on Feb 14 reveals. Direct Investment from Crypto-Focused VCs The three VCs are Paradigm, Coinbase Ventures, and IOSG. They purchased SNX tokens directly from the protocols Decentralized...

Huobi DeFi Labs Jointly Announces Strategic Partnership with Kava Labs

Huobi DeFi Labs Partners with Kava Labs to Expose Users to New DeFi Opportunities

February 12, 2021 by Anthonia Isichei at Altcoins

Huobi continues to expand its scope in the decentralized finance (DeFi) scene, as the Huobi Defi Labs inked a partnership deal with cross-chain DeFi platform Kava Labs, to bringing the Huobi BTC (HBTC) token to Kava, while also providing liquidity mining to Huobi users. CeFi and Defi Coming Together According...

Crypto.com Pay Integrates with Crypto.com DeFi Swap For Increased Use Cases

February 12, 2021 by Ogwu Osaemezu Emmanuel at DeFi

Crypto.com Pay’s recently integrated with Crypto.com DeFi Swap to enable payments in 17 new DeFi tokens. This is expected to provide increased flexibility to customers and merchants alike. The merger would also enable the liquidity providers of DeFi Swap to avail the benefits of swap fees on each transaction. Crypto.com...

Mogul Film Financier Integrates with Chainlink Oracle to Launch v1

February 11, 2021 by Dalmas Ngetich at Altcoins

For the purposes of enhancing not just accessibility but also transparency in the film production and financing, Mogul intends to integrate Chainlink. With the technology, the film financier hopes to effectively manage voting, investment, and rewards activities using blockchain technology. Disbursement of fair-market dividends to investors will occur in an...

Fusion (FSN) Included in the Report of the European Central Bank

February 11, 2021 by Dalmas Ngetich at Altcoins

The European Central Bank's 2020 report (dated December) points to the urgent need for cryptocurrency to be introduced into everyday life. 2021 is a year of global changes in the economy of the whole world. The ECB is investigating issuing a digital Euro and a recent report suggests they are...

Binance Smart Chain flipped Ethereum on daily transactions

Binance Smart Chain (BSC) Processes 1.65 Million Transactions, Flips Ethereum

February 10, 2021 by Dalmas Ngetich at Altcoins

The Binance Smart Chain (BSC)—an Ethereum Virtual Machine (EVM)-compatible smart contracting platform launched by the world's largest cryptocurrency exchange, Binance, processed more transactions than Ethereum on Feb 9, explorer data on Feb 10 reveals. The Binance Smart Chain versus Ethereum Race BSC describes itself as a dual-architecture aiming to empower...

Why Future of Open Finance Will Be More Convenient, Safe, and Secure

February 10, 2021 by Dalmas Ngetich at DeFi

The future for decentralized finance looks bright. While the rest of the world will remember 2020 as the year of Covid19, for crypto heads it will also be the year that decentralized finance, also referred to as open finance, finally broke through to make its presence known. Some truly astonishing...

New bridge connects Avalanche with Ethereum for DeFi transfers

Avalanche-Ethereum Bridge for DeFi Users to Manage High Gas Fees

February 9, 2021 by Dalmas Ngetich at DeFi

The Avalanche-Ethereum (AEB) is now live, the Block reported on Feb 8. Moving DeFi Assets to Avalanche Following the interoperability bridge's activation, DeFi users in Ethereum can now seamlessly move assets to the Avalanche network. By doing so, they will be free to trade faster and cheaply since the network...

IOTA (MIOTA) Launches Own Oracles to Curb Data Manipulation

February 9, 2021 by Ogwu Osaemezu Emmanuel at Altcoins

IOTA (MIOTA) has announced the launch of its First Party Oracles. The project claims its First Party Oracles are designed to bring optimally trusted data straight from the point where they are created, to smart contracts on IOTA’s Tangle network in a tamper-proof manner, according to a blog post on...

DAO Maker Lists On Exchanges, Takes Venture Capitalist To The Next Level

February 9, 2021 by Dalmas Ngetich at DeFi

The atmosphere looks ecstatic as we launch into another important phase of the DAO Maker project and community development. Looking back in 3 years, we can only say the ride was worth it, thanks to our ever-supportive and massive community that has rallied behind us these past years. This success...

The DeFi Yield Protocol (DYP): Over $180k of ETH Distributed Daily for Liquidity Providers

February 9, 2021 by Dalmas Ngetich at DeFi

The trigger that ushered true financial liberation is smart contracting. Through automation from a base layer that's secure and decentralized, creators recreated popular instruments in the traditional financial system with self-executing code as middlemen. The Exponential Rise of DeFi The launch of ordinary dApps set the motion in 2017. However,...

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