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DeFi News


DeFi is a big trend in blockchain technology nowadays, and it’s becoming more and more popular every month. If you are seeking the latest news related to decentralized finance technology, companies that have adopted it, and many other innovations, then you have come to the right place. Blockchain Today is providing readers with the most accurate DeFi news and not only. Subscribe to our newsletter not to miss the most interesting articles about this new technology.


Metakovan bought Beeple for $69 Million

$69 Million Beeple Art Acquired by NFT Whale Metakovan

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On March 11, an NFT issued by digital art creator Mike Winkelmann, who is known as Beeple was traded for $69 M via an online auction managed by Christie’s. The latter is a major British auction House. It was the first time when a digital work selling process was organized by a big auction...

BTC lending platforms surge

Firms Lending BTC See Growth and Increasing Demand

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Major Bitcoin lending companies BlockFi, Celsius Network, and Nexo beat new records. On March 11, crypto trading and loan providing platform BlockFi announced raising $350 M in Series D funding headed by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global. A day...

DOT open interest  Breats $573 M

Polkadot's Futures Market Open Interest Breats $573 M

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Blockchain-based decentralized platform Polkadot (DOT) has been making progress during the previous months as the multi-chain internetworking tokens have increased 625% since December. Its open interest surpassed $573 M. Many believe interoperability among blockchains to be an effective answer to...

QuickSwap dex

Decentralized Exchange QuickSwap's Liquidity Beat $106 M

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Ethereum-based permissionless decentralized exchange (DEX) QuickSwap has drawn over $106 million worth of liquidity since February. 🚨 GO TIME, meme team! We are at $106,000,000 pool liquidity on $quick. $500 giveaway ends this Friday!!! Quote tweet your meme below and use the hashtag #QUICK100M...

Jim Bianco

Bianco Research President mentions the growth of DeFi market

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The decentralized finance market is shaping a fundamentally new economy, said Bianco Research President Jim Bianco. In his opinion, DeFi will deal a devastating blow to the traditional banking system, from which it will no longer be able to recover. Bianco likened this ecosystem to the internet...

1inch runs on BSC

DEX Aggregator 1inch Launches on Binance Smart Chain

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Decentralized exchange protocol 1inch went live on BSC. 🦄 Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal. No one knows what secrets it holds, but the intense heat from molten #shitcoins surging right from the #blockchain depths forced #1inch...

crypto mama

"Crypto mama" calls for smart regulation of DeFi market

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The DeFi decentralized finance market is expanding rapidly. Therefore, it must be introduced into the legal field, says SEC Commissioner Hester Peirce. She is often called the "crypto mama" as she periodically advocates for the early legalization of the cryptocurrency industry. The...

DeFi

DeFi liquidations passed $24M amid falling crypto market

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The decline in prices in the crypto market has led to the second largest number of liquidations in the DeFi ecosystem. The DeFi liquidations occurred concurrently with the fall in the price of bitcoin below the $ 50,000 mark. Of the liquidations totaling about $ 24.1 million, approximately $ 13.7...

Tron $10 M hackathon

Tron Announced $10 M DeFi Hackathon

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Blockchain-based DeFi platform Tron holds a hack fest on its 5th anniversary. Tron has been making great progress. On August 18, 2020, TRON-powered crypto exchange JustSwap was launched. On December 7, the network released the lending platform JustLend. At the moment, the total value locked in...

Uniswap trading volume $100 B

Trading Volume of UniSwap Passed $100 B

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On February 15, the entire volume of UniSwap's transactions surged above $100 B. The founder of the DEX, Hayden Adams posted the news on Twitter. 🦄 @Uniswap just became the first decentralized trading platform to process over $100b in volume - an exciting milestone for DeFi 🚀...

Reddit WallStreetBets token

WallStreetBets Reddit Forum to Launch Its Own Cryptocurrency

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Popular Reddit group SatoshiStreetBets is aiming to issue its crypto asset to members. The forum describes itself as the crypto version of WallStreetBets. It will use the created SatoshiSwap (SAS) tokens as a means of governance. Members will receive them as a reward for Reddit posts. Besides, SAS...

Grayscale YFI

GrayScale Applies to List Trust for Yearn Finance

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The world's largest digital management Grayscale has filed to list a crypto trust for YFI. The firm applied on February 10. The document shows Grayscale views YFI as a future offering. Anyway, it doesn't mean that the trust will be launched soon, but it is highly possible. The registration was made...

Ethereum 2.0 3 million Ether

Over 3 M Eth Deposited in the Eth 2.0 Contract

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Presently, there is over 3 million ether valued at around $5.3 B in the Ethereum 2.0 staking contract. The interest in the contract is rather high. The number of people staking Ethereum blockchain's native token has been growing. Two months ago the number of deposited tokens was only 1 million. ...

Salinas adding BTC to bio

Mexico's 3rd Richest Man Included Bitcoin in His Twitter Bio

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Mexican entrepreneur Ricardo Benjamín Salinas Pliego added BTC to his Twitter account. Salinas ranks third among Mexico's wealthiest person with over $13 B estimated net value. He is the creator and director of Grupo Salinas, which provides retail and financial services. Following the tweet, the...

Aave

Santiment spotted growth in large Aave token holders

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The Santiment team periodically draws attention to an increase in the number of "whales" whose addresses accumulate large batches of DeFi tokens. Previously, analysts said there d been a marked increase in the number of large holders of UNI tokens issued by the UniSwap decentralized...

Yearn Finance hack 05.02.2021

Hacker Stole $2.8 M from Yearn.Finance

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Today Decentralized platform Yearn Finance published the news of cyber hackers attacking the network and stealing $2.8 million. The protocol's official page and one of the engineers named Banteg shared the news on Twitter. The hacker targeted the v1 yDAI vault, through which users yield farm. The...

DEXes January

Robinhood Raised $2.4 B, Meanwhile DEXes Surge New Highs

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Last week was intense for the trading app Robinhood. Connected to high demands the app temporarily halted access to some stocks. Users started to accuse the company of manipulation. The CEO of Robinhood Vlad Tenev announced on Sunday a $3 Billion margin deposits. The funds aim to help to solve...

SEC filed a suit 02.01.2021

SEC Charged The Team Behind the Token B2G

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On Monday, the US SEC filed a lawsuit in the District Court of New York. The agency charged three persons who teamed up for the projects Start Options and Bitcoiin2Gen. SEC claims that they defrauded investors of $11.4 M in 2018 by presenting B2G token offering. The asset was shilled by stars,...

DeFi has become a new trend in the world of blockchains and cryptocurrencies. Finance is always about tracking and analyzing, no matter if it's decentralized or centralized. Now, you have an opportunity of reading about innovations of DeFi technology, how can anyone make use of it, or how various companies are trying to get from DeFi all the advantages it has. 2020 is the year of DeFi. More and more companies are starting to implement this technology into their daily flow. That's why it is becoming necessary to be aware of the technology and its modifications. Our Cryptopedia will help you find out additional information about the DeFi technical side and other details. Find Blockchain Today on social media platforms to discuss the most interesting topics with our community.