DeFi News

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. ...

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...

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...

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...

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...

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...

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...

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...

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, ...

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...

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...

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,...

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...

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...

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...

Digital asset exchange Coinbase Pro announced that Aave (AAVE), Bancor (BNT), and Synthetix Network (SNX) are joining the platform. As the number of people interested in the decentralized finance sector is growing, more and more platforms are listing digital tokens. Coinbase also has been focused...

The Advisory Council to the US Commodity Futures Trading Commission (CFTC) considered options for implementing a regulatory framework for the DeFi decentralized finance market. The meeting participants heard a report, which said that the impact of DeFi on the global financial system is increasing....

The value of digital assets "locked" in the DeFi market could exceed $ 20 billion by the end of the year. Recently, the capitalization of tokens "locked" in the decentralized finance market exceeded $ 15 billion. Then there was a slight decline, and now the total value of the...