DeFi

By Austin Kimm, Director of Strategy & Investments, Choise.com Decentralized finance, or DeFi, gives users more control over their finance than ever before, providing them with new opportunities to lend, borrow, and receive income from their funds. In DeFi world there is no more need in...

Origin Protocol will be undertaking its Origin Dollar Governance (CRYPTO: OGV) airdrop on Tuesday. What Happened: Origin Protocol, the platform that hosts OUSD stablecoin and the Story.xyz NFT marketsplace, seeks to support peer-to-peer and decentralized markets. The protocol is...

Binance CEO Changpeng Zhao ("CZ") sent a tweet on July 11 alarming the Twitter Inc (NYSE: TWTR) community of a potential exploit on Uniswap (CRYPTO: UNI). What Happened: Uniswap is among the original DeFi applications on Ethereum (CRYPTO: ETH). The smart contracts that comprise...

Market participants shared concerns that cryptocurrency lender Celsius might sell $500 million Bitcoin (CRYPTO: BTC) transferred to FTX on Thursday. What Happened:  The Celsius Network sent 24,462  Wrapped Bitcoin (CRYPTO: WBTC) to crypto exchange FTX,  according to a...

A lawsuit filed by the former head of DeFi at Celsius alleges that the cryptocurrency lender was operating a Ponzi scheme. What Happened: According to a filing with the Supreme Court of New York, the lawsuit claims that Celsius was “desperately seeking a potential investment that could earn...

Celsius (CRYPTO: CEL) has repaid its debt via DeFi protocol Maker (CRYPTO: MKR), reducing its liquidation price to $0.00. What Happened: Last month during latest cryptocurrency crash, crypto lending firm Celsius was in a severe liquidity crisis and paused withdrawals of investor...

Ark Investment Management founder and CEO Cathie Wood explained why her company's flagship fund has maintained a strong allocation in cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN), in an interview with CNBC’s Squawk Box. What Happened:, Wood...

Fantom (CRYPTO: FTM) announced Wednesday that Chainlink (CRYPTO: LINK) Keepers and Chainlink VRF (Verifiable Random Function) are live on the Fantom Mainnet. What Happened: To further enhance the functionality and security of decentralized applications on Fantom, Chainlink Keepers and Chainlink VRF...

Over the past month, a large amount of capital has been wiped out of the crypto sector. As prices have been plunging, there has been a severe liquidity crisis across major firms and investors in the space. What Happened: As a result of major capital in-flow over 2020 and 2021, the crypto and DeFi...

ZenGo announced a new feature called ClearSign, protecting users from losing their crypto and NFTs when signing risky smart contract transactions. The development comes as the keyless crypto wallet looks to better protect users from malicious phishing scams, untrustworthy decentralized...

Solend (CRYPTO: SLND), a decentralized finance (DeFi) lending and borrowing platform, recently highlighted the scarce decentralization most such projects face, as it tried to defuse a ticking bomb that might wreck Solana's (CRYPTO: SOL) DeFi ecosystem and its liquidity. What...

Dogecoin (CRYPTO: DOGE) announced the launch of its Dogechain testnet to facilitate the testing of decentralized applications (dApps) prior to mainnet deployment and network evaluation. What Happened: On June 15, Dogecoin announced that it would be launching its own testnet which would...

Vancouver-based WonderFi Technologies Inc (Pink: WONDF) said Wednesday it will become the first Canada-regulated digital asset exchange to be listed on the Toronto Stock Exchange under ticker TSX: WNDR on June 22, 2022. Here’s why it matters. Equal Opportunities: WonderFi is exposing the...

Celsius Token (CRYPTO: CEL) has plunged over 60%, as Celsius Network pauses withdrawals, given turbulent market conditions. What Happened: Given extreme market instability, in an endeavor to “stabilize liquidity”, Celsius announced that it would be halting user transfers, withdrawals,...

JPMorgan Chase (NYSE: JPM) plans to tokenize institutional funds and have decentralized finance (DeFi) developers capitalize on non-virtual assets. What Happened: Tyrone Lobban, head of Onyx Digital Assets at J.P. Morgan, discussed the plans at the CoinDesk's Consensus 2022 event in Austin,...