DeFi

Cryptocurrency News

Unizen to Establish CeDeFi Alliance, a Non-Profit Advocacy Organization Fusing the Best Features of CeFi and DeFi
ByDavid Bold January 31, 2022January 31, 2022

Let’s face it, centralized finance (CeFi) is the legacy financial architecture. The main characteristic of CeFi services is that they are run by centralized entities, such as banks, hedge funds, corporations, etc. Even though most blockchains are decentralized, there are many centralized companies operating in the cryptocurrency space that belong to the CeFi category – think of centralized exchanges (CEXs), centralized lending service providers (BlockFi, Nexo), and a vast number of other firms offering CeFi services to the crypto-savvy audience.

Read More Unizen to Establish CeDeFi Alliance, a Non-Profit Advocacy Organization Fusing the Best Features of CeFi and DeFi
Cryptocurrency News

Fantom Overtakes Binance Smart Chain (BSC) to Become Third Largest DeFi Ecosystem
ByDavid Bold January 24, 2022

Fantom, the rapidly growing proof-of-stake (PoS) blockchain platform and one of Ethereum’s fiercest competitors has reached a major milestone – Fantom has flipped Binance Smart Chain (BSC) in terms of the total value locked (TVL) on its network to become the third-largest decentralized finance (DeFi) ecosystem in crypto.

Read More Fantom Overtakes Binance Smart Chain (BSC) to Become Third Largest DeFi Ecosystem
Cryptocurrency News

How to Earn Passive Income While Hodling NFTs
ByDavid Bold January 17, 2022January 17, 2022

The blockchain has created an environment of decentralized finance, which could well challenge the traditional money markets. Decentralized finance comes with many advantages, not least the investing opportunities it brings to its users, often unparalleled in the conventional markets.

Read More How to Earn Passive Income While Hodling NFTs
Cryptocurrency News

Cardano-Based DEX SundaeSwap Announces Mainnet Launch Date, ADA Jumps Over 20%
ByDavid Bold January 17, 2022January 17, 2022

SundaeSwap, a native decentralized exchange (DEX) on Cardano, has announced the launch of a fully-functional beta version for Thursday, January 20. The price of ADA jumped by more than 20% on the news.

Read More Cardano-Based DEX SundaeSwap Announces Mainnet Launch Date, ADA Jumps Over 20%
Cryptocurrency News

Near Foundation Raises $150 Million for Major DeFi Push, NEAR Catapults to New ATH
ByDavid Bold January 13, 2022

Near Foundation, the owner and developer of a leading Ethereum competitor, Near (NEAR), has announced the close of a $150 million financing round led by Three Arrows Capital with participation from several prominent crypto investment firms. The new capital will reportedly go towards the expansion of Near’s decentralized finance (DeFi) ecosystem.

Read More Near Foundation Raises $150 Million for Major DeFi Push, NEAR Catapults to New ATH
Cryptocurrency News

Yield Farming On The Rise As We Enter 2022
ByDavid Bold January 10, 2022January 10, 2022

The world of cryptocurrencies, blockchain and DeFi is one filled with all sorts of opportunities to earn an income. While many would prefer to simply hold on to dear life when it comes to various crypto assets (also known as ‘hodling’), there are nonetheless those that actively seek out new ways through which these digital assets can be utilised to earn a source of income. One of these ways is through yield farming, but as is the case with any investment strategy, it is imperative to understand what this method actually entails and how traders can get involved with it.

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Cryptocurrency News

Algorand is Bringing ‘Play to Earn’ to Drone Racing Metaverse Game
ByDavid Bold January 5, 2022January 5, 2022

Drone racing is a rapidly emerging form of entertainment that allows competitors to put their split-second decision-making to the test and use head-mounted displays to navigate their customized drones over a set course as quickly as possible. Drone Racing League (DLR) is reportedly partnering with Playground Labs to bring the popular concept to the metaverse.

Read More Algorand is Bringing ‘Play to Earn’ to Drone Racing Metaverse Game
Cryptocurrency News

The First Set of DeFi Projects Have Been Deployed on Polkadot Parachains
ByDavid Bold December 20, 2021December 20, 2021

Five years since first being outlined in the Polkadot’s whitepaper, the highly anticipated parachains have finally gone live on Saturday. Five blockchain projects, including Acala, Moonbeam, Parallel Finance, Astar, and Clover Finance have been deployed to their respective parachains in the morning hours of December 18.

Read More The First Set of DeFi Projects Have Been Deployed on Polkadot Parachains
Cryptocurrency News

Safle Raised $4 Million to Launch Multi-Chain Identity Wallet in a Private Founding Round Led by MapleBlock and GSR
ByDavid Bold December 9, 2021December 8, 2021

Safle, a blockchain infrastructure provider aiming to provide market-leading interoperability solutions for digital identity, has announced it raised $4 million in the recently concluded private funding round.

Read More Safle Raised $4 Million to Launch Multi-Chain Identity Wallet in a Private Founding Round Led by MapleBlock and GSR