In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations. It took a financial crisis for the world to wise up to CDOs, which repackaged risky mortgage bonds to make them look safer than they were. “CDOs are nothing but a … Read more
putilich/iStock via Getty Images Decentralized finance (“DeFi”) lending, one of the fastest-growing sectors in the decentralized ecosystem, could eventually make inroads into the real economy if it becomes less reliant on collateral, the BIS said in a recent report, adding that it also needs to better represent real-world assets on the blockchain via tokenization. Note … Read more
Huobi Global launches $1B investment arm focused on DeFi and Web3 Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects, further highlighting venture capital interest in the blockchain economy. Dubbed Ivy Blocks, the new investment arm has over $1 billion in crypto assets under … Read more
Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption. Singapore’s central bank partnered with JP Morgan … Read more
Weak stocks and declining DeFi use continue to weigh on Ethereum price Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to data from … Read more
DeFi attacks are on the rise — Will the industry be able to stem the tide? The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control. According to the latest statistics, approximately $1.6 billion in cryptocurrencies … Read more
DeFi transforming lending routes on the blockchain The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and the ease of accessing capital. As the crypto ecosystem has grown to a $2-trillion industry by market capitalization, … Read more
DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy The seemingly endless freefall of (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over extreme market conditions. Avalanche-based liquidity protocol Blizz Finance reported that as the price of LUNA was stuck … Read more
KuCoin to launch DeFi products in 2022 with fresh $150M raise The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by firms like Circle Ventures. The KuCoin cryptocurrency exchange officially announced on May 10 a $150 million pre-Series B funding round, bringing the company’s … Read more
These DeFi crypto gems are set to make waves in 2022 – Ethereum (ETH), Shiba Inu (SHIB), and Calyx Token (CLX) The goal of a crypto investor is to find the wave, catch the wave in time, and ride it to the top. Every day presents itself with an opportunity for investors to make it … Read more