DeFi News

On December 13 U.S authorities announced that the US Treasury and the body linked to the Commerce Department were hacked. The reporting made by Reuters states that another country was involved in this. This is a major crime against U.S. network safety. The National Security Council called for an...

Russian state authorities will now be required to report about their digital asset funds, according to a new order President Vladimir Putin confirmed on Thursday. The paper states that any government officer must disclose not only his or her crypto funds but also the properties of their spouse and...

US-based BTC payment service provider BitPay intends to build a national trust bank. It has already petitioned the United States Office of the Comptroller of the Currency to get the approval. This means that in the case of a positive response, BitPay will become the only institution that equals...

Community-managed Automated Market Maker (AMM) startup LinkSwap initiated liquidity pools for operating its native token YFL with $6 M locked in six hours. The long-awaited DeFi exchange for the Chainlink ecosystem was officially launched on Nov. 25. The network is designed to compete with Uniswap,...

On December 3 Polkadot informed about a new DeFi Alliance alongside a new aid plan for validators. The partnership means to beat Polkadot's decentralized nature, offering a stage for its users to discourse practicing the platform and its basic Substrate infrastructure for DeFi. Tokenized oracle...

This year, in February Steemit and Tron Foundation, built cooperation. Due to this partnership, TRON (TRX) will be added to the Steem environment. This means users will have the opportunity to earn TRX rewards alongside Steem Power while publishing content on the Steem blockchain. TRON is one of...

California-based financial entity Visa will bring out a new credit card that will provide BTC rewards to holders at the beginning of 2021. This became possible due to cooperation with lending protocol BlockFi for "Bitcoin Rewards Visa Credit Card," which yearly fee is $200. Shoppers will...

Before the suggested launch of its dollar-pegged stablecoin, the Libra Association has changed its name to the Diem Association. According to Reuters, the remodeling can be beneficial while getting regulatory verifications for the expected Diem stablecoin as it highlights the self-sufficiency of...

NYDIG (the New York Digital Investments Group) has scored $150 M for two of its digital asset funds. Just two anonymous capitalists invested $50 M in Digital Assets Fund 1. $100 M surged for NYDIG Digital Assets Fund 2.Just two anonymous capitalists invested $50 M in Digital Assets Fund 1. $100 M...

DeFi platform Yearn.Finance has informed about another merger, this one with SushiSwap, a fork of decentralized exchange Uniswap. The deal suggests joining the two protocols' resources as well as their TVL. According to DeFi Pulse, the present TVL of Yearn is around $455 M and SushiSwap's TVL is...

DeFi project Curve Finance voted to issue about $3 M in collected fees to the protocol's governance token owners. The decision was made on Friday after a week-lasted voting course considering the issue of managing fees. In three days the network will direct some $2,631,601.92 amount of pays to user...

The most recent crypto-asset scheme using Chainlink’s oracle solution became Mimblewimble-based privacy coin Beam. Beam is a confidential and scalable stablecoin which ERC-20 bridge uses Chainlink’s oracle supply structure. Beam supported confidential tokens back in June during the EE 5.0...

DeFi protocol Yearn Finance cooperates with Pickle to support yield farming and repay sufferers of the lately occurred Pickle attack as a result of which $20 M worth of Dai was lost. The creator of Yearn Andre Cronje explained that the partnership aims to lessen duplicate work, improve trades, and...

U.S.-based crypto trading platform Coinbase Pro informed today that clients can't do margin trading on the protocol anymore. Margin trading is the case when an investor borrows capital from an intermediary to make deals for more than they actually own. Chief Legal Officer Paul Grewal announced...

Singapore-based InsurAce surged $1 million in a seed round led by Arthur Cheong of DeFiance Capital. The number of DeFi hacks is growing noticeably, especially now that DeFi’s Total Valued Locked hits new records this year. According to Ciphertrace, hackers have targeted $100 million since...

As the big launch of Linkswap automated market maker gets closer, the rate of the YFL governance asset grew twice. At first sight, it seems that the token is aiming to repeat the success of Yearn Finance’s YFI token as generally DeFi governance tokens don't lose their popularity. The YF Link...

Outstanding crypto loans in DeFi protocols have now surpassed $3 billion. On Aave, Compound, and MakerDAO, there is over $3 B of outstanding loans, $98.8 M of which was borrowed last week. These lending protocols are not like usual crypto loans firms. They’re networks, decentralized such that no...

Reef Finance, one of the most popular DeFi projects running on Polkadot, has informed about a collaboration with Kava. They are aiming to bring cross-chain DeFi to Polkadot. The union of the two platforms seems to be promising as Reef is a permission-less smart liquidity aggregator and yield...