Tag: defi

Apr 11 2021

Compound (COMP) hits $10B in Total Value Locked, a First for DeFi

Compound (COMP) finance becomes the first DeFi project to exceed $10 Billion in total value locked $51.8 Billion is currently locked on Ethereum based DeFi projects The allure of yield farming has resulted in a drop in the amount of Ethereum sitting in crypto exchanges Over $22 Billion in Ethereum is locked in the various DeFi protocols The lending platform of Compound (COMP)...

Apr 10 2021

Filecoin (FIL) to Power Video NFTs Through Integration with VideoCoin

In summary: VideoCoin (VID) will be integrating Filecoin (FIL) to power the Video NFT market Filecoin will provide the necessary storage capacity for Video NFTs Video-based NFTs are gaining popularity and proof of ownership on Filecoin will be a gateway towards video origin verification The decentralized file storage project of Filecoin (FIL) will soon be the home of video NFTs thanks to an...

Top DeFi Wallets for The World of DeFi

Apr 10 2021 Published at AirdropAlert under tags  defi guides news trending wallets

Decentralized Finance is crypto's big thing at the moment. Over $44.7 billion is locked up in different DeFi protocols. The growth is largely fueled by a multitude of non-custodial financial products, built around the idea of decentralization. These products offer rewards to encourage more users to try them. But, first, users must have DeFi wallets […] The post...

Ethereum Market Outlook Super Bullish as TVL in ETH 2.0 Soars Above $8B

Apr 10 2021 Published at Coingape under tags  altcoin news bitcoin defi ethaud ethbkrw

Recent on-chain data from Glassnode reveals that the total value in dollar...

1inch Network (1INCH) Surpasses $30B in Total Trading Volume

In brief: 1inch Network (1INCH) has surpassed $30 Billion in total trading volume 1inch Network is available on both Ethereum and the Binance Smart Chain The 1INCH token was listed on Coinbase yesterday, April 9th 1INCH Token has experienced 28% gains in a 7 day period The 1inch Network (1INCH) decentralized platform has now surpassed $30 billion in total trading volume. The project,...

Polkadot, What’s Polkadot? A Brief Introduction

The Polkadot name has been in common usage for a long time now. You might have heard it generally or you might have heard that a certain project is building on it. But, what is Polkadot and why do you hear the name often nowadays? Let’s dive in. Simply put, Polkadot is a bridge to connect different blockchains. Launched in 2016 and run...

Apr 09 2021

Over 70% of US investors looking to DeFi in 2021

Apr 09 2021 Published at Bitcoinist.com under tags  defi industry

If participating in DeFi doesn't make you feel like standing at the gates of disruption, just waiting for someone to turn around the key, you're likely doing it wrong. To contextualize the changes in DeFi over the last year, it is essential to recap that, just one year ago, in April of 2020,...

Crypto Review: Utrust [UTK] Price And Market Analysis, Is $UTK a Good Future Investment?

Apr 09 2021 Published at Coingape under tags  altcoin btcbrl btcbusd btcdai btceur

We hope you're enjoying our market and price analysis of top crypto projects. Our next project in the same series is Utrust ($UTK) trying to disrupt e-commerce, crypto and mobile payments. So, let's begin....

CipherTrace and Chainlink Just Made DeFi More Compliant

CipherTrace's DeFi Compli, a new compliance oracle on Chainlink, assists DeFi projects in following OFAC sanctions and block blacklisted cryptocurrency addresses. CipherTrace to Keep DeFi Compliant DeFi Compli is targeted at helping DeFi projects be compliant with the Office of Foreign Assets Control (...

Inside America’s largest Ethereum mine with its anonymous founder

Apr 09 2021 Published at CryptoSlate under tags  defi people

Global revenue for Ethereum miners broke a new monthly record, surpassing $1 billion dollars in February 2021. For the average Joe, starting up an ETH mine can be a costly process and just a straight-up logistical nightmare....

What $1.8 Billion in Q1 Revenue Means for Coinbase’s Direct Listing

Apr 09 2021 Published at Unchained Podcast under tags  2021 bitcoin blockchain coin coinbase

Larry Cermak, director of research at The Block, discusses the upcoming Coinbase direct listing in light of the exchange’s recently released Q1 revenue hitting an impressive $1.8 billion. In this episode, Larry talks about: significant takeaways from Coinbase’s Q1 results (1:04)...

1inch Rebrands to 1inch Network: Plans Further Network Development

Apr 09 2021 Published at Blockonomi under tags  1inch 1 inch network defi

The popular Decentralized Finance (DeFi) platform 1inch is expanding its scope by creating multiple teams, protocols, and chains, all based around the idea of providing instruments for users to maximize their financial opportunities in DeFi. What started as the winning project in a hackathon, quickly grew to become one of the favorite DEX for users [...] The post 1inch Rebrands to 1inch Network:...

Cardano teases smart contracts with business use cases, DeFi also coming

Apr 09 2021 Published at CryptoSlate under tags  adausd defi technology

The development company behind Cardano, IOHK, has posted an update concerning the latest on Cardano smart contracts. The estimated roll-out remains the same, but Michael Peyton Jones, the Software Engineering Lead, discusses business use cases heightening expectations of...

Reef Finance unveils basket product tied to DeFi investments

Apr 09 2021 Published at CryptoSlate under tags  defi

Reef Finance, a multi-chain liquidity provider, is giving clients a way to gain exposure to DeFi tokens and other digital assets through an ETF-like investment product. One-click and they are instantly exposed to multiple DeFi products, thus taking part in the recent crypto surge. Dubbed ‘Reef Baskets,’ the new vehicle allows users to avoid the brunt of investing in multiple individual protocols. The...

Unmarshal IDO Token Sale Completion, Other Q1 2021 Updates

First launched on February 1, 2021, Unmarshal has been making waves in the decentralized finance (DeFi) space. Since its launch, Unmarshal has received top-notch support from investors, community members, and other top players in the DeFi space. Its proposal to build a composable Web 3 ecosystem ingrained with customer-focused data has met with a lot of support and appreciation. To celebrate the successful...

How will the SushiSwap (SUSHI) staking rewards be distributed?

Apr 09 2021 Published at CryptoSlate under tags  defi edge sushi

Decentralized exchange (DEX) Sushiswap’s SUSHI rewards will finally be released to stakers, users, and liquidity providers over six months after the protocol made changes to the way it would handle its rewards roll-out. The DEX allows users to lend,...

Apr 08 2021

Top 5 Reasons to Buy PlasmaPay ($PPAY)

Apr 08 2021 Published at Altcoin Buzz under tags  altcoin altcoin projects defi plasmapay ppay

PlasmaPay is a DeFi project that offers its users a simple interface where they can exchange, stake, and manage their cryptocurrency investments. PlasmaPay’s native cryptocurrency is PPAY. PPAY is a utility token used for facilitating staking, governance, reward distribution, and payments on the PlasmaPay platform. Let's dive into the top five reasons to buy PlasmaPay (PPAY). Use Cases:...

This DEX is bringing DeFi to the $90 billion Cosmos (ATOM) ecosystem

Apr 08 2021 Published at CryptoSlate under tags  atomusd defi exchanges

Decentralized exchange Gravity DEX will hold a testnet competition for its Cosmos-based protocol, it said in a release yesterday. It is the first interchain decentralized exchange created for the Cosmos and will connect any protocol connected to the Cosmos ‘Hub’—the first of the many...

Equilibrium Raises $2.5 Million to Compete in Polkadot Auction

Equilibrium, an interoperable DeFi project on Polkadot, raised $2.5 million to build its decentralized trading platform. Equilibrium Promises Cross-Chain DEX The funding round saw participation from various crypto funds, including KR1, Signum Capital, Hypersphere, Block Dream,...

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