Tag: finance

Finance Author Believes Bitcoin Is Headed To $135,000

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The crypto community is buzzing with excitement after a renowned finance author predicts an impending Bullish outcome for Bitcoin. The words of the respected financial figure have raised questions and discussions across the crypto community.  Rich Dad Poor Dad Author Sees Bitcoin Rising  Japanese-American entrepreneur and author of the famous Rich Dad Poor Dad book, Robert T. Kiyosaki recently stated in an X (formerly Twitter) post on Thursday, that Bitcoin was poised to reach $135,000 after hitting a $30,000 mark at one point on Friday following rumors of BlackRock’s Bitcoin…

Busy week for Uniswap, and Platypus recovers 90% of hacked funds: 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 the most significant developments from the past week. The past week in DeFi was dominated by developments in the popular decentralized exchange platform Uniswap after it announced a 0.15% swap fee starting on Oct. 17, and an open-source hook on Uniswap generated controversy due to Know Your Customer (KYC) checks. In other major DeFi developments, Platypus Finance managed to recover 90% of the funds it lost to an Oct. 12…

 Lido Finance to stop Solana support while Cardano prices fall, new project unveils staking program

Lido Finance, the liquidity staking platform, has stopped its Solana liquid staking service after voters supported the proposal. At the same time, the price of Cardano has dropped, causing panic among investors. A new project has appeared, offering unique rewards for staking. Everlodge will allow holders of its native token, ELDG, to stake for passive income. Everlodge unveils staking program Everlodge is developing a marketplace allowing people to invest in luxury properties like hotels, vacation homes, and villas with little capital.  The Everlodge marketplace merges fractional ownership of vacation homes with non-fungible token…

Lido Finance Fees Exploding, Should Comparatively Low Revenue Be A Concern?

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The total amount of Ethereum (ETH) staked on Lido Finance, one of the many liquidity staking protocols available, has risen steadily over the past few years. Surprisingly, revenue accrued by the platform (compared to staking rewards distributed) remains comparatively low.  Lido Finance Revenue Isn’t Growing As Fast As Expected Looking at Token Terminal data shared on October 19, the blockchain analytic platform observed that while staking rewards paid, counted as “fees” by Lido Finance grew from less than $10 million in early 2021 to over $60 million in June 2023, revenue has…

The Rise and Challenge of Lido Finance in the World of DeFi

PEAK LIDO? As Ethereum transitioned over the past year to a fully functional proof-of-stake blockchain, market observers chronicled the staggering rise of Lido Finance, which effectively allows investors to stake their ether (ETH) – and thus earn rewards, yield – while also getting a token, stETH, that they can trade in the meantime. For many, that combination proved more attractive than the technically cumbersome job of setting up a validator and locking up ETH into the main blockchain. The problem now is that Lido has become too popular – bumping…

Platypus Finance recovers 90% of assets lost in exploit

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Decentralized finance (DeFi) protocol Platypus Finance said it had recovered 90% of assets that were stolen in a security breach last week. According to the Oct. 17 announcement, the protocol’s net loss was limited to 18,000 AVAX (AVAX) worth $167,400 at the time of publication. As the hacker voluntarily returned the funds, Platypus Finance stated it “will guarantee that no legal action will be pursued.” It also hinted that withdrawal information regarding users’ assets will soon be posted. On Oct. 12, the automated market maker running on the Avalanche blockchain…

Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance

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Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization. The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer team on Sept. 5, citing unsustainable financials and low fees generated by Lido on Solana. Voting commenced on Sept. 29 and finished a week later on Oct. 6. “After extensive DAO forum discussion followed by community vote, the sunsetting of the Lido on Solana protocol was approved by Lido token…

Decentralized finance is changing our everyday lives

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Decentralized finance (defi) is no longer confined to the digital world. As we look around at some of the most important present-day issues, from buying a house to fighting climate change, defi is increasingly playing a crucial role. Some may be skeptical, given how overhyped defi has been in the past. This is understandable. But it only takes a simple look around to see defi making a…

G20 finance heads adopt roadmap for crypto regulation

G20 finance ministers say the document is necessary to achieve macroeconomic and financial stability goals. The G20 Finance Ministers and Central Bank Governors (FMCBG) adopted a crypto roadmap designed to support a coordinated regulatory framework for all group members. As reported by Business Standard, the roadmap called on boosting the World Bank’s capacity to support the “low and middle-income countries to meet the global challenges.” The new regulatory guidelines are based on updates from the International Monetary Fund and Financial Stability Board. According to the roadmap, jurisdictions should implement the…