Financial Industry News
Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI, a decentralized stablecoin pegged to the U.S. dollar, from a Pickle wallet. Pickle came on the scene Sept. 11 as one of many food-themed DeFi projects. The fully automated system rewards users with interest payments and token disbursements in PICKLE, […]
Continue ReadingThe price of bitcoin hit new 2020 highs as the “alternative to gold” narrative increases. Meanwhile, smaller crypto tokens might be helping push DeFi to new heights. Bitcoin (BTC) trading around $18,638 as of 21:00 UTC (4 p.m. ET). Gaining 3.5% over the previous 24 hours. Bitcoin’s 24-hour range: $17,723-$18,813 (CoinDesk 20) BTC above its […]
Continue ReadingDecentralized Finance (DeFi) applications are now the primary focus within the crypto space. Many believe this might be the killer use case of blockchain technology—an opportunity to deliver all financial services on a peer-to-peer arrangement, and not just payments. The volumes in the DeFi markets are already telling a story of possible massive success in […]
Continue ReadingDecentralized exchange (DEX) aggregator DEX.AG has raised $3.1 million and is rebranding to Slingshot. Born out of the Concourse Open Community, the same group that created decentralized finance (DeFi) rankings board DeFi Pulse, Slingshot aims to help users find the best price for any given token trade on Ethereum. The round was led by Framework […]
Continue ReadingNine months ago, in a Denver convention center, a booth sat empty. Littered with token stickers, the table was supposed to hold the physical representatives of decentralized finance (DeFi) protocol bZx. It remained empty, however, as the team struggled to make sense of the digital forces twisting their young project. bZx, as they would come […]
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Continue ReadingThe booming world of decentralized finance (DeFi) has reached new heights in recent weeks as the total value of assets locked in the DeFi ecosystem surpasses $13 billion. Arguably the fastest-growing sector in the crypto industry today, DeFi has witnessed an explosive influx of capital and market participants in just a matter of months. Amid […]
Continue ReadingZapper announced Thursday an extension of its seed investment round with new backing from Delphi Digital and Coinbase. The additional amount on the $1.5 million round was not disclosed. Zapper runs an asset management portal for decentralized finance (DeFi) on Ethereum. A user can log in with their wallet and see all their assets in […]
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Continue Reading“One billion Dai in circulation is a huge milestone and a powerful validation that people around the world want more access, more transparency and more opportunity to maximize their economic potential,” Rune Christensen, MakerDAO’s founder, told CoinDesk through a spokesperson. Supply actually increased by $30 million at one point today, the MakerDAO Foundation confirmed, though […]
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