DeFi

Venture capital firm Pantera Capital, which manages around $3.8 billion in assets, predicted decentralized finance (DeFi) would be the future of the crypto market. In a letter to investors titled "The Year Ahead," the company's CEO and co-CIO Dan Morehead said, "...

A significant majority of UNI token holders, approximately 80%, voted in favor of moving Uniswap's V3 protocol to Binance's BNB (CRYPTO: BNB) Chain, according to a recent survey. Plasma Labs, the company that proposed the move, stated that 20 million tokens were cast in favor of the...

Labeled as the people’s dog coin by its creators, the Shiba Inu (CRYPTO: SHIB) inspired BONK (CRYPTO: BONK) token has been making waves ever since it got listed on Dec. 30 last year across a number of popular crypto exchanges. Not only had it emerged as the top-performing...

Making waves ever since it was listed on the penultimate day of 2022, the Shiba Inu (CRYPTO: SHIB)-inspired BONK (CRYPTO: BONK) token — promoted as the first Dog-themed memecoin on the Solana (CRYPTO: SOL) blockchain — had been piquing investor interest. BONK, which...

It hasn’t been an ideal year for the Solana (CRYPTO: SOL) network. After a series of partial outages most of January, Solana had its fourth outage of the year in October when it stopped processing transactions due to a misconfigured node. But as Vitalik Buterin said in an...

Uniswap, the decentralized exchange, has partnered up with fintech company Moonpay to let users in the U.S., Brazil, the UK and SEPA (Single Euro Payments Area) areas buy cryptocurrencies on its web app with debit cards, credit cards or bank transfers. What Happened: Uniswap said on Tuesday that...

Recent events in the crypto world like the Tornado Sanctions, the Ethereum Merge, and the Wintermute DeFi hack have affected DeFi platforms in two different ways. Retail investors have retreated in caution as control falls out of their hands, and skepticism towards newer protocols has led to them...

The cryptocurrency market is a fascinating place; it has seen many ups and downs, topline news, conflicts with regulators, and conventional centralized fanaticism during its history. This article will analyze its present state, compare cycles in the traditional financial industry and the crypto...

The U.S. stands out as the predominant top performer in terms of the absolute number of crypto users on centralized exchanges, with a market share higher than 9%, states a recent research. What Happened: According to the Huobi Global Report 2022-2023, the traffic rate for centralized exchanges and...

Messaging program Telegram now lets users create accounts anonymously via the blockchain rather than cell phone numbers. Private phone numbers are already hidden from non-added users of Telegram, which is touted as a rival to Meta Platforms (NASDAQ: META)-owned WhatsApp. Users will now have the...

Vitalik Buterin has identified some events that are taking place in the Ethereum (CRYPTO: ETH) ecosystem that he finds especially stimulating. What Happened: According to Buterin, stablecoins are an essential component for utilizing cryptocurrency to function as a medium of money. “In either...

Celo (CRYPTO: CELO), the native token of the mobile-first DeFi platform rose over 22% in the past 24 hours, topping CoinMarketCap’s gainer of the day. What Happened: At the time of writing, Celo was trading at $0.71, ranking 24th in terms of market cap among the top 100 coins listed on...

Non-fungible tokens (NFTs) might be recognized by most for their use case supporting digital art & collectibles, but their true potential lies in their ability to exist as transferrable digital certificates of authenticity. So much so, that just about any unique financial asset that would...

The dai (CRYPTO: DAI) savings rate (DSR), or the rate of interest the protocol pays to dai stakers, is up for voting in MakerDAO's governance forum. The MakerDAO Open Market Committee has proposed that the DAO members vote on whether to boost the current yield rate of 0.01% to one of four...

The recent drop in Ethereum (CRYPTO: ETH) price will have a cascading effect on decentralized finance (DeFi) platforms, as investors are ready to liquidate their ETH holdings In the wake of the FTX (CRYPTO: FTT) fallout. What Happened: According to TVL aggregator DeFiLama, over 115,500 ETH are...