In July 2021, TikTok hit three billion downloads. The social network boasts more than one billion active monthly users. And, in the United States, TikTok is now more popular with Generation Z than Instagram. Over the last six months, Bitcoin (BTC) has seen a drop of more than 70% from its all-time high north of $69,000 in 2021. Market volatility is to be expected. But, if decentralized finance (DeFi) is looking to have a future, it needs to be embraced by more people. The aforementioned volatility (as well as the…
Tag: DeFi
Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January – Defi Bitcoin News
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) have increased by 7.69% in value since January, as roughly $700 million was added to the projects’ caches in eight months. DAO Treasuries Jump 7.6% Higher in USD Value, Since 2016 the Value Held by…
Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation – Defi Bitcoin News
The largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company. The funding round is currently in a nascent stage as the report claims Uniswap has been “engaging with a number of investors.” Sources Say Uniswap Is Eyeing a Fresh Capital Raise From Investors Like Polychain According to four unnamed sources familiar with the matter, Uniswap is eyeing fresh capital from investors. The news stems from a report published by Tech…
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Student Organizations Pull Their Weight in DeFi Protocol Governance
There are decentralized autonomous organizations (DAOs) with “thousands of people with billions of dollars locked into a treasury, and the conversation that’s going on [about governance] is between, like, six people,” said Deven Matthews, who leads the Blockchain at Berkeley governance department. Source
DeFi needs appropriate regulation before moving to retail, says Fed Chair: Finance Redefined
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. United States Federal Reserve chairman Jerome Powell has given his verdict on the evolution of the DeFi market, claiming there is a definite need for robust regulation before the nascent market could expand to retail. Maple Finance CEO believes that separating the risk from lending saved DeFi from the market crash. He added that crypto lending has operated as intended through the crypto winter…
Central banks can push DeFi into mainstream — Swiss National Bank official
Central bank digital currencies (CBDCs) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official. Among many various types of digital currencies, it is CBDC that could provide more stability and lower risks to the development of DeFi, according to Thomas Moser, a governing board member at the Swiss National Bank (SNB). In order to grow, DeFi needs stable money, which is why stablecoins were invented, and stablecoins clearly helped DeFi to become more popular, Moser…
Money Laundering via Metaverse, DeFi, NFTs Targeted by EU Lawmakers’ Latest Draft
DeFi, and the decentralized autonomous organizations (DAOs) that govern it, “should also be subject to Union [anti-money laundering / counter terrorist financing] rules where they are controlled directly or indirectly, including through smart contracts or voting protocols, by natural and legal persons,” the text said. Source
Separating risk from lending saved DeFi from market crash
Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump. Speaking to Cointelegraph on the sidelines of the Converge22 conference in San Francisco, Powell noted that, throughout the crypto winter, DeFi has continued to operate as intended while centralized finance (CeFi) has become “pretty inactive.” Powell suggested that during the market crash, CeFi lenders hadn’t properly “battle-tested” and weren’t “prepared to liquidate clients,” prioritizing maintaining client relationships. “As the price of Bitcoin was tumbling, they…
El Problema con Coinbase…
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