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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.


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...

Grayscale adds more BTC

Grayscale Bitcoin Trust Keeps Growing

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On Tuesday, New York-based crypto asset management firm Grayscale added 12.319 Bitcoins. A day earlier, the company announced suspending fund acceptance temporarily. This refers to Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and several other coins. Although, apparently, the company's customers...

Hardware wallet Ledger attacked

Hardware Wallet Ledger Database Hacked

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Hackers managed to access the Ledger database and get information about over 270,000 wallet users. There were mentioned such personal details as names and physical addresses. All these data then appeared on RaidForums, a marketplace for trading and sharing hacked information. In late June, ...

Compound new  blockchain

Compound Launched Compound Chain

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Lending and borrowing DeFi protocol Compound announced the launch of Compound Chain. This took place a few months later, the platform moved from being a centralized performer to a fully community-governed protocol. The introduced research paper explains how the company has developed a...

Attack

Warp Finance lost almost $8 million in attack

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As a result of the attack, Warp Finance's Defi Lending Protocol lost $7.7M worth of stablecoins. “The protocol was attacked using a sophisticated flash credit scheme that permitted the user to borrow more than the collateral, resulting in the loss of creditors' funds. The team is considering...

Coinbase IPO

Coinbase Files for an IPO

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Cryptocurrency trading market Coinbase waits to get the approval of the Securities and Exchange Commission (SEC). Afterwards, the protocol will be able to launch an Inicial Public Offering. Coinbase has been planning to launch an IPO since summer. The protocol is really popular. Launched in 2012,...

Brian Armstrong  advice

Coinbase CEO About Crypto Investments

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BTC price growth attracts more and more investors, who sometimes are so enthusiastic that don't take into account all the possible risks. The co-founder and CEO of the cryptocurrency exchange platform Coinbase, Brian Armstrong posted about this issue. He says that the instability of crypto assets...

FCA offers temporary registration

FCA Offers Crypto Companies a Temporary License

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UK financial regulator FCA (Financial Conduct Authority) informed that the digital asset organizations that didn't manage to register, have the opportunity to work under limited-period licensing terms for 6 months as the regulator faces some issues with a stockpile of requests. FCA stated that the...

SBA acquires B2C2

SBI Procures Digital Asset Trading Platform B2C2

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Japanese financial organization SBI has gained a 90% stake in B2C2, a leading liquidity provider in digital currency. This aims to draw institutional investors into crypto. According to the Dec. 16 announcement, SBI Holdings’ branch SBI Financial Services has purchased UK-headquartered...

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.