DeFi News

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...

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. ...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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'...

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 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...