Tag: DeFi

Defi can go mainstream if it overcomes its flaws

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The collapse of the now-bankrupt cryptocurrency exchange FTX has raised many concerns over unregulated centralized platforms.  Investors are now coming to question how safe it is to keep one’s funds on these exchanges and have voiced grave concerns about centralized decision-making without any checks. FTX held one billion in a customer’s fund and was found to be using the customer-deposited crypto assets to mitigate its own business losses. Furthermore, a recent report suggests that the downfall of numerous crypto exchanges over the last decade has permanently taken 1.2 million Bitcoin…

Programming languages prevent mainstream DeFi

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Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion. Total value locked in DeFi as of Nov. 2022. Source: DefiLlama The elephant in the room? More than $10 billion was lost to hacks and exploits in 2021 alone. Feeding that elephant: Today’s smart contract programming languages fail to provide adequate features to create and manage assets — also known as…

DeFi sparks new investments despite turbulent market: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based DeFi protocol has caught the eyes of investors who have put $10 million behind the project. Cardano-based leading stablecoin ecosystem Ardana abruptly stopped its development after several launch delays. However, the project remains open-source…

Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns

Ardana was barely a year into development after raising $10 million last year via a funding round led by now defunct crypto hedge fund, Three Arrows Capital, Cardano’s cFund and Ascensive Assets. The project was working on stablecoin minting and foreign exchange services, and aspired to be “the MakerDAO and the Curve Finance of Cardano.” Original Source ArdanaCardanoCitingConcernsDeFiDevelopmentfundingHaltsProjectTimeline CryptoX Portal

Midterm Elections & Price Action: What To Expect? #investing #bitcoin #shorts

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Ripple XRP FOREX MARKET & LIQUIDITY HUB, Hedera, Algorand, Casper News 💥 XRP ALGO HBAR CSPR💲

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DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

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The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized finance (DeFi) and the foreign exchange market to bring the latter on-chain. According to the developers, the latest funding round garnered $10 million from big industry players such as Bitfinex, Ava Labs, the Maker Foundation and CMS Holdings among others. Lalo Bazzi, co-founder of Onomy, said the underlying…

Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue

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There’s no escaping it: the DeFi markets have cooled down over the past year. After breaking $180 billion in total value locked last November — coinciding with Bitcoin racing to a new all-time high of $68,700 — data from DeFiLlama shows the collective value of this market has now dwindled to around $40 billion. Nonetheless, experts remain bullish on the potential of decentralized finance. Protocols are continuing to build furiously during the bear market — ensuring that they’ll be in a strong position for the next wave of adoption. And…

VELES FINANCE – Simple platform for creating bots in the cryptocurrency market for people!

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OMG! WHALES BUYING 3 ALTCOINS [I'M EXCITED]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Whale Accumulation for 3 Altcoins!!! + I EXPLAIN *WHY* WHALES ARE BUYING! 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 – Introduction (Watch whole video) 0:45 – Coin #1 2:08 – Why are whales Buying Coin #1? 4:04 – Coin #2 (PRICE will DOUBLE in 3 MONTHS?) 6:38 – Coin #3 7:10 – Why are whales Buying Coin #3? 9:10 -Final Thoughts **Note: My overall opinion…