Decentralized Finance news

Aave DAO favors fresh deployment of its latest version on Ethereum

Aave DAO favors fresh deployment of its latest version on Ethereum

QUICK TAKE The Aave DAO has begun voting on the best way to deploy its latest version of Aave on Ethereum blockchain. So far, the majority of the votes support creating a standalone new version rather than upgrading the previous one. This approach is faster but it could result in fragmented liquidity. The Aave community …

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Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official

Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official

The draft bill on digital currencies prepared by the Finance Ministry should create a framework for crypto settlements, a statement by a Russian official confirmed on Sept. 19. Interfax quoted the head of the Finance Ministry’s Financial Policy Department, Ivan Chebeskov, stating that the draft bill on digital currencies will outline a list of currencies and counterparty …

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Number Crypto Scams On YouTube Explodes 335% In First Half Of 2022

Crypto scams involving bogus giveaways have grown into a black market industry of sorts with several services designed to support fraudulent activities. Group-IB, a Singaporean cybersecurity company, revealed in a report that the incidence of cryptocurrency frauds involving phony domains, which are used as welcome pages for YouTube fraud streams, skyrocketed in the first half …

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Beyond the NFT hype: The need for reimagining digital art’s value proposition

The true potential of NFTs lies beyond profile pictures and art and into solving real-world use cases, implying the need for brainstorming fresh ideas. INTERVIEW   With cryptocurrency prices wavering this year, nonfungible tokens (NFTs) and other sub-ecosystem investors have also found themselves in the grips of a bear market. However, looking beyond the trading value of …

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How does a decentralized money market operate? What is it?

How does a decentralized money market operate? What is it?

How does a decentralized money market operate? What is it? Decentralized money markets function without a custodian, allowing only the original user to withdraw funds deposited by lenders and borrowers. he seamless flow of capital between borrowers and lenders is a key aspect of a vibrant economy. Anyone with an extra asset can lend it to put …

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Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum

Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum

The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains. This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi protocols were …

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Crypto Markets In Turmoil After Celsius Suspends Withdrawals

Crypto Markets In Turmoil After Celsius Suspends Withdrawals

The crypto markets have suffered another flash crash after the custodial service provider Celsius announced to put all withdrawals on hold.   Insolvency worries grow On Monday, Celsius pushed an announcement via email, notifying account holders that they will be temporarily unable to withdraw, swap, or transfer assets held on the custodial staking and lending …

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Andre Cronje Quits DeFi — 25 Services To Be Shut Down

Andre Cronje Quits DeFi — 25 Services To Be Shut Down

The “Godfather of DeFi” Andre Cronje has announced that he will be quitting the crypto industry for good, leaving 25 apps to an insecure fate.   Too much drama Via Twitter, Andre Cronje’s colleague at the Fantom Foundation Anton Nell announced yesterday that he will be leaving the DeFi space alongside Cronje, who deactivated his …

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What is CBDC? List of Important Resources on Central Bank Digital Currency (CBDC).

What is CBDC? List of Important Resources on Central Bank Digital Currency (CBDC).

What exactly is a Central Bank Digital Currency (CBDC)? A CBDC is virtual money backed and issued by a central bank. As cryptocurrencies and stablecoins have become more popular, the world’s central banks have realized that they need to provide an alternative—or let the future of money pass them by. Blockchain has the potential to …

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Nansen Report Highlights Growth of Defi and NFTs in 2021

Nansen Report Highlights Growth of Defi and NFTs in 2021

Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result. …

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