Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as…
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The crypto industry has the best historical moment to change the discourse about crypto and its reputation into a successful innovative tech sector. Blockchains reached a feverish level of hype following the ICO mania of 2017. Peddled as the panacea to the world’s ills, many of such promises ill-intentioned, initial coin offerings raised enormous sums…
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As decentralized finance becomes a principal focus for both investors and companies alike, custodians will ease their entry, making DeFi the future of finance. The future of finance is decentralized. Striving to facilitate that prognosis, decentralized finance — or DeFi — is quickly shaping into an alluring prospect for investors and companies alike. Looking to…
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Bitcoin Cash startup General Protocols has raised more than $1 Million for its DeFi vision. The General Protocols startup is developing its Decentralized Finance (DeFi) vision on Bitcoin Cash after raising more than $1 million in a seed funding round. This round of funding allows the Singapore-based team to develop their flagship product AnyHedge on…
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MakerDAO governance token holders voted to accept wBTC as the fourth collateral asset in the Maker DeFi Protocol. MakerDao governance, a decentralized community of MKR token holders that govern the Maker Protocol, has voted to pull Bitcoin onto the Ethereum blockchain by accepting Wrapped Bitcoin as a new collateral asset in the Maker Protocol, according…
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The DeFi sector will continue to grow in the future despite the difficulties that the industry has faced since the beginning of 2020, but be careful by choosing whom to trust. Decentralized finance, or DeFi for short, became a buzzword in 2019 following the valuations of MakerDao and Compound after both companies raised sizable rounds…
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The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets.…
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Crypto industry has the best historical moment to change its reputation into a successful innovative tech sector within the finance industry. The Fed opening the floodgates to unlimited standing quantitative easing paired with a $6 trillion stimulus package is an unprecedented event. It’s the most heavy-handed intervention by the Fed to date. For many crypto…
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The decentralized finance industry will keep growing in the future, and this growth will require more efficient and innovative incentives. Over the last year and a half, decentralized finance has had an explosion of activity. Lending and borrowing decentralized applications, margin trading, liquidity protocols, stablecoins, insurance and derivatives have all grown in user numbers, in…
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For beginners wanting to learn more about decentralized finance, CoinGecko’s ‘How to Defi’ provides an accessible entry point. Decentralized Finance (DeFi) is certainly the buzz-phrase in the cryptocurrency world right now. But although we are hearing more and more about the potential of this technological breakthrough to revolutionize the world of traditional finance, many are…
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