DeFi protocol Porter Finance shuts down bond issuance platform after just one month

Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said: “Looking forward, we are not confident there will be large inflows of lending demand for fixed income DeFi products like the ones offered through Porter Finance. This is primarily due to the competitiveness of rates offered in traditional finance and the lack of institutional fixed income DeFi adoption over the past year. We are also no longer willing…

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’

CryptoX – Cryptocurrency Analysis and News Portal Porter founder Jordan Meyer said the platform was also shunning legal risks with the move. “We are also no longer willing to take on the legal risk associated with bond offerings,” Meyer said, without saying what those risks might be. “For these reasons, we are pivoting away from the bond issuance platform and exploring better opportunities.” Original Source The post Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’ appeared first on CryptoX. CryptoX Portal

Celsius Repays $183M on DeFi Exchange Maker, Gets Back Collateral, Blockchain Data Shows

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The Era of Easy DeFi Yields Is Over

DeFi is a novel and highly inefficient financial environment whose basic building blocks, or primitives, resemble products in traditional capital markets. As a result, there are plenty of opportunities for capturing alpha and different dimensions of risk. However, in the first phase of the market, the returns were way too easy and the risks way too high. The change in composition of the DeFi space is starting to alter the relationship between risks and returns in a trajectory that is closer to other financial markets. From an evolutionary perspective, we…

CARDANO FOUNDER EXPLAINS CRYPTOCURRENCY REGULATIONS to US CONGRESS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Charles Hoskinson EDUCATES Congress on best crypto regulations for America. This affects the WHOLE crypto industry!!! Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Watch Cardano Founder Opening Remarks on Crypto Regulation 4:56 – Charles Hoskinson helping WHOLE crypto industry (in America) 5:57 – How do you determine which of the 20,000 cryptos should be regulated? 8:04 – Cardano Founder Explains Crypto Regulation & Charms…

UK government seeks public input on DeFi taxation

The government of the United Kingdom is asking the public for input on the taxation of crypto asset loans and staking in the context of Decentralized Finance (DeFi). DeFi is an umbrella term that refers to financial applications that are built on top of blockchain technology. This could include anything from lending to borrowing and staking platforms. In particular, the government is interested in gathering information on the taxation of crypto asset loans and staking. Her Majesty’s Revenue and Customs (HMRC) call for evidence paper, published on Tuesday, described its…

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A new Cryptocurrency is letting You SELL YOUR DATA for MONEY?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Tech giants like Google and Facebook offer free services because they SELL YOUR DATA AND INFORMATION but what if you could at least choose to sell your own data and earn money doing it?! Subscribe to VoskCoin – Learn more about GeoDB and ODIN Protocol! Buy Bitcoin miners with Compass – GeoDB is looking to revolutionize the data industry, or the trendy term is to disrupt it because currently companies sell your data and you get nothing but more targeted advertisements! GeoDB…