11 / 14 Relevant items tagged with #DecentralizedFinance
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Defi Market Rebounds: Value Locked Rises to Nearly $42 Billion, Token Market Swells
[Aug 13, 2023 12:30 PM] On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting…
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
[Aug 11, 2023 11:30 AM] Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly…
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
Uniswap Delists HEX Token After SEC Deems It An “Unregistered Security”
[Aug 2, 2023 9:00 AM] Uniswap, the largest decentralized exchange, has removed the HEX token from its interface after it was recently declared an unregistered security by the United States Securities and Exchange Commission (SEC). This comes as another blow for the…
Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole
[Jul 31, 2023 3:44 PM] Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.
Global Crypto ATM Resurgence: Net Growth Rebounds After Initial 2023 Slump
[Jul 26, 2023 8:30 AM] In the wake of over 5,000 crypto ATMs being taken out of service during the initial four months of 2023, the past four months have witnessed a resurgence in global crypto ATM installations. Crypto ATM Landscape Rebounds After Downturn Ever since…
Bitcoin ETFs Can ‘Act as a Gateway to Crypto for Many’ — Mintlayer CEO Enrico Rubboli
Decentralized Finance Sector Consolidates as $44B TVL Fails to Break $50B Barrier
[Jul 17, 2023 6:00 PM] As of July 17, 2023, the decentralized finance (defi) sector has been witnessing a great deal of consolidation with total value locked (TVL) figures standing at $44.19 billion. Throughout most of the year in 2023, except for a brief period of seven…
Aave Launches GHO Stablecoin on Ethereum Network
[Jul 17, 2023 1:30 PM] Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3)…
Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months
[Jul 15, 2023 7:00 AM] Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms…
Predicting the Unpredictable: AI Chatbot Claude Outlines Potential 2024 Prices for Top 40 Crypto Assets
[Jul 13, 2023 5:30 PM] Two weeks ago, Bitcoin.com News used six artificial intelligence chatbots to predict the price of bitcoin (BTC) by the end of 2023. After the release of Anthropic’s Claude 2 in July, we conducted another experiment, tasking Claude with…
IMF Working Paper Urges Tax System Overhaul to Tackle Crypto’s Tax Collection Challenges
[Jul 7, 2023 2:30 AM] A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle them. The IMF’s working paper…
Web3 Industry Losses Topped $656 Million in H1 of 2023 — Study
[Jul 5, 2023 5:30 AM] Hackers stole about $471 million in the first six months of 2023 and the theft of $197 million from Euler Finance in March was the single biggest hacking incident in the period, the latest Beosin Web3 report has shown. Contract vulnerability was…
Liquid Staking Defi Platforms Now Secure Over 10 Million Ethereum Worth Close to $20B
[Jul 2, 2023 12:30 PM] Based on recent data, over ten million ethereum is now secured within liquid staking derivatives platforms, with a valuation close to $20 billion at current exchange rates. Two leading liquid staking decentralized finance (defi) protocols, Lido…
Over $204M was lost in Q2 DeFi hacks and scams: Report
[Jun 27, 2023 12:00 PM] More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million.
Berlin: The Center for Decentralized Finance – and Techno Music
[Jun 27, 2023 5:30 AM] When the tech hub of Europe meets a society that prizes financial autonomy, the result is a crypto community that practices the very decentralization it preaches. Case in point: Blockchain Week Berlin, the flagship annual conference of the No. 10…
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
[Jun 19, 2023 9:30 PM] Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of…
Defi TVL Holds Steady Above $42 Billion as Lido Finance Dominates With $12.69 Billion Locked
[Jun 18, 2023 10:30 AM] On June 18, 2023, the total value locked (TVL) in decentralized finance (defi) protocols has been rangebound and hovering at just above the $42 billion range. Presently, Lido Finance dominates the value locked in defi with $12.69 billion or 29.76%…
U.S. SEC Out-of-Bounds in Dragging DeFi Into Proposed Exchange Rule, Industry Says
[Jun 13, 2023 7:30 AM] The U.S. Securities and Exchange Commission (SEC) wants to stretch how it identifies exchanges it needs to regulate, and the agency’s inbox is jammed with crypto industry letters accusing it of reaching well beyond its legal powers and potentially…
The Bitcoin Rich List: An In-Depth Look at the Largest Bitcoin Wallets in Existence Since 2014
[Jun 7, 2023 1:30 PM] Over the past decade, several bitcoin wallets have been named the largest in existence. However, since 2021, Binance has controlled the largest bitcoin address, which currently holds 248,597 BTC and is worth approximately $6.66 billion. Just over…
Alabama Securities Regulator Issues Show Cause Order to Coinbase, Joined by 9 Other States, Over Unregistered Securities
[Jun 6, 2023 8:40 AM] After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from…
Atomic Wallet Hack: Decentralized Finance Wallet Breached, Millions Lost in Attack
[Jun 4, 2023 8:00 AM] On June 3, 2023, numerous sources revealed details about an attack on Atomic Wallet that resulted in significant financial losses for many victims. The Atomic Wallet team announced they are looking into the issue, while onchain investigators like…
Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community
[Jun 3, 2023 9:30 AM] Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The…
Treat Crypto as Securities by Default, European Parliament Study Says
[Jun 1, 2023 4:35 AM] Landmark new crypto laws under MiCA may have few short-term benefits without further steps, the report commissioned by EU lawmakers says
Report: Global Blockchain Gaming Market to Reach $300 Billion by 2030
[May 31, 2023 12:00 AM] The global blockchain gaming market will grow significantly during the next seven years and is expected to reach a market cap of $301.53 billion by 2030, according to a report issued by markets and intelligence firm Grand View Research. The…
The Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi Outlook
[May 30, 2023 8:51 AM] Layer 1 blockchain Canto has experienced a 35% slump in total value locked (TVL) over the past month as liquidity continues to dry up across the decentralized finance (DeFi) sector.
Liquid Staking Protocol Lido’s Defi Dominance Swells From 7% to 26% in 12 Months
[May 25, 2023 1:30 PM] According to statistics, the liquid staking platform Lido accounted for 7.45% of the total value locked in decentralized finance (DeFi) a year ago today. Since then, Lido’s market dominance has significantly increased over the last 12 months…
Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East
[May 23, 2023 10:12 AM] Decentralized finance protocol Num Finance will offer stablecoins in Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month and develop tokenized money market funds.
DAO Treasuries Surge: From $8.8B to $21.5B in 90 Days, Marking a 144% Increase
[May 20, 2023 9:30 AM] According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past…