Ethereum co-founder Vitalik Buterin has been criticized by the crypto community for his comments on decentralized finance (DeFi). In an Aug. 25 post on X, Buterin expressed doubts about DeFi’s potential to drive significant growth in the crypto sector. He stated: “The ongoing existence of the defi market is downstream of the existence of the…
Is the Ethereum co-founder doubtful about the long-term potential of DeFi? Well, one of his latest statements about DeFi in X sounds so. Unsurprisingly, the controversial statement has received strong criticism from the crypto community, even from a few top crypto business leaders like DeFinance Capital founder and CIO Arthur and Frax Finance founder Sam…
Trump has launched a new cryptocurrency venture. His project “The DeFiant Ones” is making waves in the digital finance world. It has caught the attention of both political and financial circles. This DeFi venture is promoted on the Truth Social platform. It also has a dedicated Trump Telegram group. These projects want to change how…
Franklin Templeton, one of the largest global investment managers, has launched its Franklin OnChain U.S. Government Money Fund on Avalanche. This expansion marks the fund’s third blockchain network integration, following earlier launches on Stellar and Polygon POS. The move aims to broaden access to tokenized U.S. treasuries, maintaining a stable $1 share price. Franklin Templeton…
August 23, 2024 at 07:15 AM GST updated: August 23, 2024 at 12:17 AM 2 mins read News Fractional.art enables broader NFT ownership by dividing high-value assets into smaller, tradable fractions. Unic.ly combines NFT and DeFi, allowing users to fractionalize and trade collections with added community governance. NIFTEX focuses on liquidity and seamless trading, making…
August 23, 2024 at 06:45 AM GST updated: August 23, 2024 at 12:14 AM 2 mins read News 5thScape is changing gaming and metaverse applications with decentralized ownership and fast transactions. Blast aims to excel in environments demanding rapid, secure, and scalable digital transactions. Starknet offers security, addressing future cybersecurity challenges in digital finance. As…
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial inequality. The Trump Organization’s crypto initiative, which has garnered attention from Eric and Donald Trump Jr., aims to challenge traditional banks. Trump Promotes New Cryptocurrency…
Donald Trump is teasing a new crypto DeFi project on his TruthSocial account. “For too long, the average American has been squeezed by the big banks and financial elites,” the Republican nominee posted to his account Thursday morning.” It’s time we take a stand—together.” The post ends with a link to a new Telegram channel…
Amid the broader market turning bullish, the lack of confidence is evident, with Bitcoin struggling near $60K. However, the DeFi tokens are surprisingly ignoring the market noise as the smart money anticipates a bull run in the DeFi space. As the top DeFi tokens prepare for a breakout run with the ongoing reversal gaining momentum,…
August 22, 2024 at 04:15 AM GST updated: August 21, 2024 at 10:50 PM 2 mins read News Crypto whale loses $55M in Dai due to a phishing scam exploiting DeFi flaws. Inferno Drainer phishing tool behind $55 million Dai stablecoin heist. Over $1.21 billion was lost to crypto scams, stressing the need for enhanced…
August 21, 2024 at 03:40 PM GST updated: August 21, 2024 at 03:06 PM 2 mins read News CCIP has launched Mainnet Early Access on Avalanche, Ethereum, Optimism, and Polygon. Key features include programmable and simplified token transfers with active risk management. CCIP’s potential for mass adoption is underscored by its integration with leading DeFi…
August 21, 2024 at 06:30 AM GST updated: August 21, 2024 at 12:56 AM 2 mins read News Binance Labs invests in Corn, a DeFi hub, to enhance Bitcoin’s utility. Corn introduces BTCN, blending custodians and smart contracts for Bitcoin. Corn’s fundraising signals market confidence in Bitcoin’s DeFi potential. Binance Labs has invested in Corn,…
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale…
Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result in a settlement involving a financial penalty and the end of…
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once…
Ethereum and Solana are being closely watched in the cryptocurrency market as 2024 approaches. Trading mentor Thomas Kralow shares his insights on ETH and SOL. He’s covering both market volatility and security risks. This analysis explores DeFi and NFTs, providing a detailed outlook for these digital assets. So read on to find out more! Also…
Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols. Binance’s Big Move: 88% of 110,000 ETH Inflow Flowed Into Staked Ether Protocol Liquid staking protocols continue to attract…
Decentralized exchanges are the lifeblood of decentralized finance (DeFi), allocating billions of dollars worth in total value locked (TVL) into the industry. Compared to centralized exchanges (CEXs), DEXs only account for a small percentage of the total trading volumes across margin and derivatives trading. However, they’re becoming increasingly more sophisticated with time. They provide some…
According to a recent tweet from the Shibburn crypto tracking service, the activity of the SHIB army in burning Shiba Inu has decreased. The tweet stated that during the past seven days, slightly more than 303 million SHIB meme coins were removed from circulation, which is significantly less than previous weeks in March and this…