Tag: DeFi

DOGE may lose market share to DeFi altcoin DTX Exchange after US elections

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin rose 2.3% to $0.116 as geopolitics calm, but experts warn it may face challenges from DTX Exchange’s $5.3M presale. DOGE’s recent performance and market Dogecoin (DOGE) rose 2.3% to $0.116 on October 15. Market is optimistic as geopolitics calm down. But experts say Dogecoin could be in trouble with DTX Exchange (DTX). DeFi is growing and memecoins like Dogecoin might not be able to keep up. DTX Exchange,…

Bitcoin Staking Protocol Solv Integrates Liquid BTC With Solana’s Defi Ecosystem

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The Solv Protocol has announced the integration of Liquid Bitcoin (LST) into Solana’s decentralized finance (Defi) ecosystem through its new product, Solvbtc.JUP. This initiative allows Bitcoin holders to participate in yield generation by depositing BTC or Wrapped BTC to mint Solvbtc, which can then be converted into Solvbtc.JUP, representing staked Bitcoin that accrues yield over […] Original

Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi

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Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact […] Original

Lido Finance Cements DeFi Lead, Expands To Optimism: Is LDO Undervalued?

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

DeFi remains popular amid explosion in crypto usage: a16z report

The decentralized finance ecosystem continues to grow despite recent challenges as overall crypto usage hits record levels, venture capital firm Andreessen Horowitz (a16z) said in a new report. In its “State of Crypto” report published on Oct. 16, a16z noted that the crypto industry has witnessed a major spike in activity over the past year. The growth trajectory for the industry is “reminiscent of early internet adoption.” For instance, September 2024 saw 220 million addresses interact with protocols across the blockchain ecosystem—more than triple the figures recorded in late 2023.…

Sui Blockchain’s DeFi Growth in Q3 2024: Key Developments and Metrics

Tony Kim Oct 12, 2024 15:56 Sui’s DeFi sector saw substantial growth in Q3 2024, driven by new technologies and partnerships. Key metrics and developments indicate a promising future for the blockchain ecosystem. The third quarter of 2024 marked a significant period of growth for Sui’s decentralized finance (DeFi) ecosystem, driven by a series of foundational developments and strategic partnerships. According to The Sui Blog, the introduction of the Mysticeti consensus engine, the Sui Bridge, and the upcoming DeepBook version 3, among…

Trump-Backed DeFi Project Set To Launch WLFI Token Sale October 15

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Este artículo también está disponible en español. Former President Donald Trump foray into decentralized finance (DeFi) with his initiative, World Liberty Financial, has officially begun onboarding users, with a public sale of its WLFI token scheduled for October 15.  This announcement comes as the project aims to raise $300 million at a valuation of $1.5 billion through its initial token offering, which garnered significant attention in the cryptocurrency community. The Trump DeFi Initiative In a recent post on X (formerly Twitter), World Liberty Financial announced that the public sale will…

RedStone brings oracles for Bitcoin staking to expand use cases in defi

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Blockchain oracle provider RedStone has announced the launch of oracles designed specifically for Bitcoin staking. RedStone, a modular oracle provider, is expanding the list of its available oracles across multiple networks by introducing oracles tailored for Bitcoin (BTC) staking, now available on the staking platform Lombard. The Switzerland-based company’s oracles are built to supply real-time data for Bitcoin staking, allowing users to stake their Bitcoin and receive Liquid Staking Tokens on the Ethereum blockchain. According to a press release shared with crypto.news, the solution is already live on Lombard, a…

Bitcoin Betting Is Launching an Unstoppable DeFi App for Sports Betting and Prediction Markets With No KYC

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Bitcoin Betting is launching its cutting-edge DeFi app, designed for sports betting and prediction markets. The app targets semi-professional sports bettors who value privacy, high limits, great odds and peace of mind, knowing that their funds are secure and can always be withdrawn within seconds on the Ethereum blockchain. With no KYC requirements, identity management […] Original