Tag: DeFi

UK government explores DeFi with a focus on staking and lending

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Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week. This past week, the DeFi ecosystem got recognition from the United Kingdom government, as they sought public feedback on taxation of the DeFi ecosystem, especially staking and lending. MakerDAO is looking to collaborate with the traditional banks, which would take place after the proposal gets community approval. Aave (AAVE) is planning to launch an overcollateralized stablecoin called GHO, subject to the community…

Ethereum จะสามารถไปถึง $5,000 ได้ด้วยเหตุการณ์นี้ (มาฟังเหตุผลกัน)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Merge ที่จะเกิดขึ้นในเร็วๆนี้ส่งผลต่อ ETH ในมือคุณยังไง? . หัวข้อที่จะครอบคลุมในคลิปนี้มีตั้งแต่ 1. ทำความรู้จัก Ethereum Merge 2. ทำไมต้อง Merge? 3. ETH จะเป็นยังไงหลังจากนี้ 4. ตีมูลค่าปัจจุบันของ ETH . เวลาของทุกคนมีค่า กระโดดไปเลย!: Timestamp ⏲ 00:00 คุณจะได้อะไรจากการดูคลิปนี้? 00:36 รู้จัก The Merge! 01:50 wen merge? 2:47 Why merge? 3:31 ส่งผลต่อ Supply ยังไง? 06:00 ส่งผลต่อ Demand ยังไง? 10:22 ตีมูลค่าปัจจุบันของ ETH 12:52 สรุป Key takeaway สำหรับคนที่ไม่มีเวลา (สำหรับใครที่ไม่มีเวลาสามารถข้ามไปดู Part หลังสุด “สรุป Key takeaway ได้เลยครับ”) ——- 👉Link: – Tim Beiko: Core Dev ของ Ethereum (ติดตามข่าวอัพเดทล่าสุดของ The Merge) – The Merge: – Wen Merge: – ESG fund inflow…

Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It

The lawsuit, alongside a recent research report, also cast new light on a pseudonymous Twitter account, @0x­_b1, that became highly influential with the 2020 rise of decentralized finance, or DeFi, tools. The account was regarded as a “whale,” or large crypto holder, but was not widely known to, in fact, be managing assets for Celsius. As the suit was filed, the account “doxed” itself as a group including a DeFi trader and staking strategist named Jason Stone. Source CelsiusDeFiLawsuitLegendSloppySuing CryptoX Portal

Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62% – Defi Bitcoin News

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After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92% dominance or $48.17 billion of today’s $77.11 billion. Meanwhile, Tron’s TVL skyrocketed this week, jumping 34.85% during the past seven days. This Past Week Tron’s TVL Jumped by Double-Digits, Smart Contract Tokens Rise, Dex Applications Command Today’s Top Defi TVL…

Aztec Launches DeFi Privacy Bridge Aztec Connect

In March 2021, Aztec launched the zk.money protocol, which provided a privacy shield for direct Ethereum transactions. Connect moves the shield out further, allowing users to privately connect to Ethereum’s DeFi ecosystem, including popular apps like Uniswap, Lido and Aave. Private DeFi actions could include staking, lending, swaps and decentralized autonomous organization (DAO) treasury management. The Aztec network includes zero-knowledge rollup technology, which essentially bundles transactions before sending them to the Ethereum mainnet, saving money on transaction or gas fees. Source

Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration

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On Thursday, Solana-native wallet Solflare released a new integration with cryptocurrency exchange FTX.com and FTX.us to simply portfolio management for Solana users. As told by Solflare, it would make transfers between one’s custodial and non-custodial balances trivial by enabling users to manage FTX funds directly from their Solflare web extension and later via the mobile wallet. Of course, FTX know-your-customer rules would still apply to link one’s exchange accounts with Solflare. In addition, token swap on FTX accounts within the Solflare wallet would not be affected by Solana’s infamous network…

Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL – Bitcoin News

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Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker Returns $8 Million in Crypto to Crema Finance On July 2, 2022, the defi project Crema Finance was exploited for roughly $8.7 million in crypto assets. According to the blockchain auditing firm Ottersec, flash loan attacks were used to siphon $8,782,446 worth…

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

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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