Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases, will not sell the cryptocurrencies owned automatically but will instead borrow up to 30% of the capital […] Source
While decentralized finance (defi) continues to innovate, it still lacks a critical component that has long been foundational in traditional finance: fixed-income products. I sat down for a great conversation with Jerry Li, co-founder and CEO of Term Structure, who introduced me to the idea of fixed-income products in crypto. Why Fixed-Income Could Be the […] Source CryptoX Portal
Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. The report delves into Bitcoin’s evolving role, driven by innovations that are redefining its potential within the defi space. Bitcoin’s Defi Ecosystem Grows: $1.07 Billion Locked According to the findings from the […] Original
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi has too much infrastructure and not enough apps—or at least, that’s what the consensus seems to be in crypto’s town square. Just this year, venture capitalists and private equity investors have poured hundreds of millions of dollars into crypto projects that make infrastructure a priority, if not an exclusive focus. The highlight reel speaks for itself. In the first quarter alone, VC firm a16z committed $100…
CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer […] Source CryptoX Portal
Decentralized finance defenders argued against imposing stringent anti-innovation rules on the fledgling digital asset industry. At a U.S. House Finance Services Committee hearing titled “Decoding DeFi: Breaking Down the Future of Decentralized Finance,” a roster of DeFi proponents testified to protect the sector from stricter rules focused on anti-money laundering and introducing total surveillance on web3 users. Crypto skeptics like Representative Bill Foster and other Democratic Congress members claimed DeFi developers should be held liable for criminal uses of blockchain technology. Rep. Foster and other anti-DeFi legislators reiterated proposals to…
DeFi, in its current form, has proven that an on-chain financial system can be created that provides all the core primitives that an open, globally accessible, and robust financial system would require: payments, swaps, lending, derivatives, insurance, and much more. Source
Este artículo también está disponible en español. Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism’s Superchain infrastructure. For the uninitiated, Ethereum layer-2 (L2) scaling network Optimism’s Superchain is essentially a network of L2 chains, known as OP chains. These chains share security features a communication layer, and are powered…
Este artículo también está disponible en español. The cryptocurrency market never ceases to surprise, with significant shifts and trends emerging seemingly overnight. Recently, a massive sell-off of Aave (AAVE) tokens by a prominent whale caught the attention of the entire crypto community. This sudden move has sparked discussions and speculations about the future of Aave, especially as more investors turn their gaze towards the rising star, Mpeppe (MPEPE). As Mpeppe continues to gain momentum with its DeFi casino offerings, analysts are predicting a potential turbocharge in its value with anticipated…