Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days – Defi Bitcoin News

Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days – Defi Bitcoin News

30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds the largest TVL. Cross-Chain … Read more

WITTY Is Building the DeFi Remittance Platform to Become the Crypto Gateway for Africa

WITTY Is Building the DeFi Remittance Platform to Become the Crypto Gateway for Africa

Kingstown, St. Vincent and the Grenadines–(Newsfile Corp. – November 26, 2021) – WITTY is a fully indigenous African Blockchain FinTech Provider built on the Binance Smart Chain focused on developing Products & Services with the aim of creating a Value Chain in the Decentralized Finance Ecosystem [ DeFi ].Figure 1: WITTY is Building the DeFi … Read more

New DeFI platform CreDA looks to de-risk the world of crypto

New DeFI platform CreDA looks to de-risk the world of crypto

CreDA protocol will use AI to provide credit ratings using on-chain and traditional financial dataNEW YORK, Nov. 25, 2021 (GLOBE NEWSWIRE) — CreDA (Credit DeFi Alliance), the world’s first decentralized credit rating service has officially launched its platform following a successful open beta. Modeled after traditional consumer credit agencies, CreDA introduces the concept of personal … Read more

DeFi Matures As Innovative Crypto-Based Futures Issuance And Trading Rises

DeFi Matures As Innovative Crypto-Based Futures Issuance And Trading Rises

NEW YORK, NEW YORK – OCTOBER 19: A banner for the newly listed ProShares Bitcoin Strategy ETF hangs … [+] outside the New York Stock Exchange (NYSE) on October 19, 2021 in New York City. Getty Images Satoshi Nakamoto introduced a novel form of decentralized and peer-to-peer money on October 31, 2008, publishing the Bitcoin … Read more

Crypto Exchange Binance Launches Support for Altcoin DeFi Project, Triggering Volatile Price Movements

Crypto Exchange Binance Launches Support for Altcoin DeFi Project, Triggering Volatile Price Movements

An altcoin designed for decentralized finance (DeFi) surged 56% to a new all-time high after it launched on popular crypto exchange platform Binance. Binance says it is launching support for Rari Governance Token (RGT), the Ethereum-based governance token of Rari Capital, a DeFi platform allowing participants to borrow, lend and earn yields on cryptocurrencies. RGT’s … Read more

G20 countries have an ‘opportunity and responsibility’ toward crypto, DeFi policies

G20 countries have an 'opportunity and responsibility' toward crypto, DeFi policies

Independent think tank Observer Research Foundation (ORF) opined in its latest post that G20 countries have both an “opportunity and responsibility” to coordinate policies around crypto-assets and DeFi. So much so, that it is conducive to a “sustainable, balanced, and inclusive global economic architecture.” While the report made some key observations, let’s rewind to the … Read more

Crypto investor says he lost 6 figures on a dog-inspired DeFi project

Crypto investor says he lost 6 figures on a dog-inspired DeFi project

Brian Nguyen says he “unexpectedly woke up” on Friday to see that he’d lost nearly $470,000 he had invested in a crypto project, he tells CNBC Make It.It’s “pretty painful,” Nguyen says.Nguyen admits that he didn’t investigate the project thoroughly prior to investing. “We, in crypto, tend to have a ‘buy first, do research later,’ mentality,” he … Read more

Crypto DeFi Firms May Need More Oversight, Global Watchdog Says

Crypto DeFi Firms May Need More Oversight, Global Watchdog Says

(Bloomberg) — Crypto firms that offer stablecoins, blockchain-based decentralized finance apps and services supporting peer-to-peer transactions may be required to keep tabs on their users’ identities and funds as a way of preventing money laundering and terrorism financing, a global watchdog said.In updated guidance issued Thursday, the Financial Action Task Force — which makes anti-money-laundering … Read more

JONES DAY TALKS®: Crypto and DeFi Regulation: It’s About to Get Serious | Jones Day

JONES DAY TALKS®: Crypto and DeFi Regulation: It's About to Get Serious | Jones Day

Cryptocurrencies and decentralized finance remain under scrutiny from federal agencies and commissions. The acting Comptroller of the Currency has publicly stated that cryptocurrencies and decentralized finance may be evolving into serious threats to the financial system, much like the way certain financial derivatives prompted serious concerns and a near collapse back in 2008. Clearly, serious … Read more

The founder of DeFi network avalanche says success for crypto will be bitcoin losing its crown to a stablecoin | Currency News | Financial and Business News

Bitcoin crushed by US dollar

Bitcoin crushed by US dollar urfinguss “We are not anywhere near done until the number one coin is a stablecoin,” Emin Gün Sirer, CEO of Ava Labs, told Insider. Stablecoins have an advantage because they can be tied to assets like the dollar, which makes them less volatile. But stablecoins face questions from regulators about … Read more