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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.


Presearch plans launch

Presearch Plans to Launch Decentralized Search Engine

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Blockchain-based search engine Presearch offers a decentralized searching system, which will provide privacy and reward users with crypto. The new project implements a searching process powered by separate nodes. Thus, it ensures the protection of the user's identity, who is making requires of...

FTX adds WSB related stocks

FTX Added a Wall Street Bets Futures

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Cryptocurrency trading platform FTX has started trading for a range of Wall Street Bets markets. Wall Street Bets is the name of a popular Reddit club, which plays a role in price changes of certain assets. The platform announced the news on Thursday through a blog post. The included stocks are...

Ernst&Young

Financial companies will launch their DeFi applications

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By the end of 2021, at least one financial institution will launch its own Defi platform for its clients. This opinion was expressed by the head of forecasts of Ernst & Young (EY) Paul Brody. According to him, EY continually communicates with various banks and large corporations. They see...

ASC crypro fund

American Cancer Society Starts a Fund Exclusively in Crypto

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Nonprofit institution American Cancer Society partnered with digital currency contributions firm The Giving Block to establish a fund. The creators aim to raise at least $1 M. In the publication they mentioned expecting to boost the sum by early 2021. Earlier, donors could send BTC to ACS over...

Rothschild Investment GBTC

Rothschild Investment Expanded Its GBTC Allocations

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Multinational investment bank and financial operations provider Rothschild Investment has expanded its share to GrayScale BTC Trust by nearly 24% during the interval between October and late December. This data provides the latest record of the SEC. At the moment, 30,454 GBTC shares belong to the...

Aave and Chainlink surge

Chainlink and Aave Reached New Highs

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Defi tokens and altcoins have been doing well lately. The major part of them (Polkadot, Aave, Chainlink, Uniswap)saw a price increase. Decentralized exchanges (DEXs) have had a huge effect on this. Data shows that monthly DEX volumes have grown since July 2020. At the moment the total value locked...

Grayscale altcoin funds

Grayscale to Integrate Altcoin Trusts

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Digital asset investment firm Grayscale enlarges the number of product services while the crypto industry keeps growing. The firm represents six new trusts. They are Chainlink, Tezos, Basic Attention Token, Filecoin, Decentraland (MANA), and Livepeer. Grayscale Investments now offers nine different...

Yearn.finance

DeFi project yEarn.Finance offers YFI for $200 million

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Eleven key participants in the DeFi project yEarn.Finance proposed to increase the emission of YFI by 6666 tokens (~ $ 200 million). The funds will go towards rewarding core developers and creating a contingency fund for distribution under community supervision. A third of the 6666 YFI ($ 67...

biden freezes rules

Joe Biden has Halted Crypto Wallet Rules

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US President Joe Biden has suspended the implementation of some of Donald Trump's orders. This also affected the scheme to identify users of non-custodial wallets of the Financial Crime Network (FinCEN). The rule required getting personal information about the sides of transactions and operations'...

Maps.me raises $50 M seed round funding

Maps.me Got $50 M Funding in a Seed Round

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Offline mapping application Maps.me, with over 140 million users globally has boosted $50 M in a seed funding round. It was managed by the investment company Alameda Research. Among the participants were Genesis Capital and CMS Holdings. Maps.me will use the capital to integrate DeFi services into...

Synthetix

Synthetix launches Ethereum level 2 Optimism solution

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Synthetix platform for synthetic assets has carried out a preliminary launch of the second level Ethereum solution L2 Optimistic Ethereum (OΞ). Smart contracts of the Synthetix decentralized platform have been converted to the Optimistic Virtual Machine (OVM) format. Users can stake the native SNX...

Paxos Partners with Chainlink

Paxos Protocol Adops Chainlink Oracles

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On January 14, Paxos announced a partnership with Chainlink to exploit its industry-leading decentralized oracle system and make its tokens more reachable in the DeFi environment. The stablecoins paxos standard (PAX) and paxos gold (PAXG) are now accessible on Chainlink’s oracle network. ...

DeFi

The total value locked in DeFi approaches $22B

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The decentralized finance market continues to expand. The value of funds locked in this ecosystem has already reached $ 21.78 billion. Last weekend, this figure exceeded $ 23 billion, updating its all-time high. Then, as part of the general correction of the crypto market, the cost of DeFi tokens...

DeFi TVL

Total Value Locked in DeFi Passed $20 B

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Based on the data provided by DeFi Pulse on Wednesday, over $20 billion worth of cryptocurrencies is now locked in the booming DeFi industry. In early November, the entire value locked in DeFi was $10 B. During the last two months, the value doubled. The sum was attracted due to increased use...

eToro IPO

eToro Discusses to Launch an IPO at $5 B

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Israeli technology news site Calcalist announced that financial services firm eToro intends to apply for an initial public offering (IPO). Based on the report, eToro is in discussions with an investment banking firm Goldman Sachs to launch a $5 B worth IPO. The organization aims to carry out the...

BTC custodian funds reached 16 B

BitGo Now Holds Assets Worth 16 B

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California-based digital asset trust and security firm BitGo informed about its custodial funds reaching 16 B. Market analysts indicate that most likely this is a result of institutional investors needing to ensure security for custody. Among BitGo's customers are Galaxy Digital, Goldman Sachs, and...

Partners about XRP

SBI and MoneyGram about Ripple's Case

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Ripple's two major partners SBI Holdings and MoneyGram commented on SEC's recent lawsuit against the company. Yoshitaka Kitao, the CEO of the SBI Group, published a statement supporting Ripple and its executives. Kitao said that despite SEC’s allegations of XRP security, SBI will continue to use...

MahaDAO staking program

MahaDAO To Launch a Staking Program

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Decentralized protocol MahaDAO teamed up with Ferrum to deliver a staking forum that will enable users to stake Maha's governance token. The MAHA token was issued on Dec. 17 in an Initial Dex Offering managed by Polkastarter DEX. It got sold out within three minutes due to which primary...

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.