Tag: DeFi

Monero shows resilience, Jupiter struggles, Borroe Finance innovates in defi space

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Monero bounces back, Jupiter faces challenges, while Borroe Finance’s innovative DeFi solutions spark growing interest. Monero (XMR) and Jupiter (JUP) have been under pressure recently due to unfavorable ecosystem trends. While Binance plans to delist Monero later this month, JUP lost over 50% of its value in less than a week. Luckily, Borroe Finance ($ROE) gained more ground with its decentralized fundraising utility, and analysts believe the token will…

Solana overtakes Ethereum in defi trading, Pullix can potentially topple both

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana outpaces Ethereum in defi, but Pullix presale hints at a new market leader in the industry’s future. Solana (SOL) has surged past Ethereum (ETH) in trading volumes as the defi space continues to gain traction. But this isn’t the end of the story, as Pullix (PLX) has the potential to overtake both when it completes the ongoing presale event and launches later this month. Let’s take a closer…

ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator

Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that, in addition to allowing users to maintain control over their KYC data, […] Source CryptoX Portal

Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options Protocol Lyra

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CryptoX was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Sui Revealed as Top Destination for DeFi Inflows Over the Last 30 Days – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, February 15th, 2024, Chainwire Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined. Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds…

DeFi Shouldn’t Have to Worry About the SEC’s Expanded Broker Rule

Traditionally, there has been a distinction between investors, who make directional trades (i.e. betting some stock will go up or down) and dealers, typically large institutions that buy both sides of the market to provide liquidity for those traders. The old definition of a broker included any company “engaged in buying and selling securities … as a part of a regular business,” with “regular business” essentially referring to the service of market making. Source

Solana Price Eyes $120 as SOL DeFi Volumes Beats ETH, ARB

Solana price moved above the $100 milestone on Jan. 30; rising defi volumes and positive sentiment surrounding the upcoming Jupiter airdrop could propel it further. On Jan. 30, Solana’s price briefly broke the $100 barrier for the first time in 2024. However, barely 48 hours later, on Feb. 1, crypto prices dipped after Fed Chief Jerome Powell made a statement hinting at postponing rate cuts beyond March 2024 as widely predicted.  Solana price fell 12.5% on Fed Chief Jerome Powell’s statements In the aftermath of the Federal Open Market Committee…