defi

260% Surge In DeFi-Locked Value In A Year: $1 Billion Already In

According to a popular Decentralized Finance (DeFi) monitoring resource, the value that’s already locked in the space totals over $1 billion. Interestingly enough, almost 60% of the market is currently overtaken by the Maker project. The majority of the money is also locked in lending solutions. Value Locked In DeFi Upwards Of $1 Billion According...
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The Future of DeFi Depends on Ethereum, But for How Long?

As decentralized finance gains steam how much of it will depend on Ethereum? Well, it depends on how long Ethereum 2.0 takes to launch. DeFi’s Dominance  The number two blockchain hosts the largest number of developers, and thus reports the most activity, according to data from August 2019. Of this activity, “smart contracts, infrastructure, and...
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The Year in Ethereum: DeFi Saw Mass Adoption & Serenity Drew Closer

Price-wise, Ethereum hasn’t had the best of years. The second-largest cryptocurrency, according to an analysis by Bitcoin educator Jimmy Song, has lost 18% against the U.S. dollar year to date, which comes in stark contrast to Bitcoin’s approximately 85% gains in 2019. Notably, altcoins as an entire class have suffered over the course of the...
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The DApp market is getting so big, it’s putting Google and Apple at risk 

After the DApp browser MetaMask got removed from the Google Play Store, Apple followed suit and is forcing crypto exchange Coinbase to remove the DApp browser feature from its iOS app. While many saw this as blatant censorship and a danger to the crypto industry, it goes to show that the DApp market has gotten...
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Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple

It’s been a busy couple of weeks for bad news in crypto, with Youtube’s removal of hundreds of videos, Google Play’s removal of Metamask, and now Coinbase mobile wallet users facing an announcement their app is losing its dapp browser, reportedly due to restrictive policy requirements from Apple. Some are calling the announcement “the last...
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New DeFi Liquidity Solution Announced For The Crypto Ecosystem

In times when the Indian government is very uncertain about the use of cryptocurrency, we can see that the National Corporation of India (NPCI) officially announced its permissioned blockchain-based platform named Vajra which is designed to make the payment process easier, faster and more transparent.After a lot of research, we can see that the NPCI...
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Japan Hosting World Conference to Discuss Decentralized Financial Governance

Following the consensus reached at the G20 leaders’ summit on the importance of discussing better governance for the decentralized financial ecosystem, Japan’s top financial regulator is hosting a global blockchain conference to discuss the subject. The regulator is welcoming stakeholders from around the world to participate, including other regulators, open-source software developers, university researchers, and...
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What is XAR Network? Framework for Decentralized Finance on Cosmos & Fantom

The XAR Network could be one of the tools that is used to create new financial systems all over the world. Instead of working as a single network, the XAR Network allows developers to create their own systems and also has an innovative staking model. According to XAR Network: “XAR Network public chain is a...
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Why is this Crypto Ecosystem Better than EOS, Tron for dApps?

The Ethereum platform is streets ahead of its competition in terms of dApps and developers according to recent research. Ethereum User Base Growing A recent industry review from DappRadar paints a rosier picture for the Ethereum ecosystem than its current bearish price reflects. The decentralized application metrics firm released its first end of year industry...
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Crypto Experts Give Their Top Predictions for 2020

In an industry built around digital scarcity, opinions are in plentiful supply. Everyone’s got one, and they’d love to share it with the rest of the cryptosphere. As the decade draws to a close and another prepares to launch, it’s the perfect time to consider what 2020 has in store. Here’s what thought leaders, professionals,...
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Ethereum DeFi users rise almost 530% in 2019

According to the latest DappRadar report, the Ethereum dapp ecosystem has been flourishing in the second half of 2019, with user numbers across almost all categories seeing a huge rise since June. DeFi stood out as the category with the most growth, seeing its user numbers rise by 529 percent this year, putting the 195...
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The fatal flaw of the $500m decentralized finance industry

In light of Synthetix, a platform that enables the creation of on-chain synthetic assets that track the value of assets in the real world, we saw a failure of ​a centralized point of data​. This lead to invalid trades that resulted in over $1 billion in profit in just less than an hour. We need...
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Why Prominent Crypto Researcher Thinks Ethereum Will Struggle in 2020

Ethereum has just slumped to a nine month low, wiping out virtually all gains it has made this year. The move has been part of a market wide decline catalyzed by Bitcoin’s drop below $7k. Many are not convinced that ETH prices will recover at any time soon, and here is why.Ethereum Bears Gaining StrengthThere...
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Ethereum DEX Uniswap: Liquidity Providers Just Earned $1 Million in Fees

In just one year’s time, Uniswap, an increasingly popular decentralized token exchange protocol on Ethereum, has racked up milestones and community accolades alike in becoming a keystone dApp in the early DeFi arena. Accordingly, it comes as no surprise that Uniswap has earned its next adoption milestone, with the decentralized exchange’s liquidity providers (LPs) earning...
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Ethereum by Numbers, Why ETH Prices Will Rebound in 2020

Fundamentally, Ethereum has had a solid year with growth on many fronts. Unfortunately the same cannot be said for price which has now returned to crypto winter levels. All cryptocurrencies, with the possible exception of one or two, are bearish at the moment but Ethereum is likely to bounce back stronger next year.Ethereum Fundamentals Still...
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What’s So Cool About the First Ethereum-Based Home Sale?

If you’ve perused Crypto Twitter at all over the past few months, you’ve likely heard the term “decentralized finance” or “DeFi” tossed around in relation to Ethereum, the second-largest blockchain by the market capitalization of its cryptocurrency.While some see it as a joke, a tokenized home — yes, an entire property — was purported to...
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3 reasons why Ethereum fundamentals are strong: ConsenSys co-founder

Ethereum has seen an increase in user activity throughout 2019. Backed by the strong growth of DeFi, the ecosystem is expected to expand rapidly entering into 2020. According to Joseph Lubin, the co-founder of ConsenSys which is considered to be the largest blockchain development software firm, the fundamentals of Ethereum are strengthening. Optimistic numbers for...
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How Crypto is Evolving into a Trustless Banking System With DeFi and Dai

The primary pull of decentralized crypto assets is financial freedom from the flawed banking system. Bitcoin is one step but without greater adoption it is still just a speculative vehicle. DeFi and decentralized protocols based on banking are another and they’re gaining traction fast.Crypto Exchanges too CentralizedMany envisaged 2019 being the year of the DEX....
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Ethereum Based DeFi Forecast to Hit $5 Billion in 2020

The future of finance is evolving and Ethereum based DeFi is at the forefront of it. This year has seen explosive growth in decentralized finance despite bearish crypto asset performance. 2020 is set to be even bigger with bold predictions of where DeFi will go next.2020 Could Be Huge for DeFiDecentralized finance has literally exploded...
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Coinbase Product Manager: DeFi to change market interactions; how will Ethereum benefit?

DeFi, short for decentralized finance, has started to get the attention of some of the biggest companies in crypto. At the Coinbase Winter 2019 hackathon, the company’s product manager Jacob Horne described DeFi as an opportunity that could change how individuals interact with markets. In a tweet, Coinbase said that the hackathon itself focused on...
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Ethereum Price Targets 9 Month Low as DeFi Markets Strengthen

It has been another miserable week for Ethereum as prices continue to erode. Further declines today have left the world’s second largest crypto asset in danger of hitting a nine month low. Decentralized finance (DeFi) markets are in an opposing trend with continued growth in the sector.Ethereum Hits $140Ethereum is still deep in a two...
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Ethereum locked in DeFi hits all-time high, total deposits up 22,400 percent in two years

The amount of Ethereum locked in Decentralized Finance (DeFi) has hit an all-time-high after one of the most explosive months for deposits on record and is now up 22,400 percent since December 2017. More than a million Ether ($146 million) has been deposited into DeFi products in the last four weeks, pushing the total locked...
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Developer says $340M of collateral in MakerDAO could have been easily wiped out

The Maker Foundation is introducing a new security proposal after a well-known software engineer revealed that a malicious actor with enough Maker (MKR) could steal all of the collateral in MakerDAO, taking with him over $340 million. The art of the heist In a recent Medium post, freelance developer Micah Zoltu revealed that anyone with...
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DeFi Lending Could Undermine Security of Proof of Stake

Lending and borrowing crypto, a subset of DeFi applications, has quickly boomed into an almost billion-dollar industry. But does it pose a threat to Proof of Stake networks? The DeFi landscape includes lending protocols, security tokens, derivatives, and exchanges, and threatens to usurp traditional financial models into trustless protocols that leverage decentralized networks. The Rise...
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BlockFi DeFi Company Launches Cryptocurrency Trading Platfrom

BlockFi, the DeFi New Jersey-based company launched a new crypto trading platform and the company’s suite of financial services products now also include trading of cryptocurrencies as we are about to see further in the coming altcoin news. BlockFi trading will roll out trading between three digital assets including Ethereum, Bitcoin and the Gemini dollar...
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BlockFi Launches Crypto Trading Platform

BlockFi, the New Jersey-based DeFi company, has launched a crypto trading platform. The startup’s suite of financial services products now includes BlockFi Trading. BlockFi Trading will roll out trading between its three supported digital assets, the Gemini dollar, Bitcoin, and Ether, before presumably expanding to include a larger number of crypto assets. Litecoin and USDC...
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Wyre to Bring Fiat On-Ramp to Ethereum DeFi with Debit Cards

Sometimes referred to as the “Stripe” of cryptocurrency industry, crypto payments firm Wyre has honed in on helping mainstream users interact with digital assets in seconds. Now, the next frontier for the firm is the rising decentralized finance ecosystem built atop Ethereum. Back in October, the San Francisco-based Wyre noted its coming upgraded “V2” platform...
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Ethereum Network Activity, DeFi Still Growing, When Will ETH Prices Follow?

Fundamentally Ethereum is going from strength to strength. Network activity is up, development is on track, an upgrade is imminent, and DeFi is hitting record figures. Yet ETH prices have fallen again so what is going on?Ethereum Network StrengthensDespite a flurry of FUD from Bitcoin maximalists and rival network supporters, Ethereum is still the second...
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Value of Ether (ETH) Locked in DeFi on Course to Pass $1 Billion Soon

Ether is the “gas” and currency of the Ethereum network. As a testament to the growing use of that network, the USD value of ether locked up in Ethereum-powered decentralized finance applications, or DeFi dApps, crossed an all-time high of $700 million on November 29th. That milestone has many Ethereum proponents guessing: when $1 billion?...
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Bancor Aims to Increase the Number of DeFi Users by 600%

The world of decentralized finance has captivated a large audience. Pushing this concept to new heights is what the Bancor team aims to achieve. It is certainly true that decentralized finance is gaining traction globally. A new Airdrop by Bancor This business model follows the concepts of decentralized exchanges and decentralized applications in the cryptocurrency...
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