Alexander Lebedev. Source: a video screenshot, Youtube/Александр Лебедев A Russian media mogul and former bank chief who is set to launch an ambitious new, DeFi-themed cryptobank project in Switzerland has taken a swipe at the conventional banking system and countries that allow themselves to become home to scores of shell companies – accusing them of…
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Despite this summer’s success for Ethereum (ETH)-based decentralized exchanges (DEXes) like Uniswap and its fork SushiSwap, the SushiSwap saviour and CEO of centralized crypto derivatives exchange FTX, Sam Bankman-Fried, argued that Ethereum – as it is now – is not the best place to host an exchange. Speaking at the LA Blockchain Summit yesterday, he…
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Despite people arguing that a bubble is currently deflating in the decentralized finance (DeFi) space, the popular author and crypto venture capitalist Chris Burniske suggested remembering 2017 to get a better perspective of what a bubble really is. Burniske, who is a partner in the crypto-focused venture capital firm Placeholder, argued that “bubbles are easy…
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The latest crackdown on the world’s first crypto derivatives exchange, BitMEX, might turn the regulatory eye towards the decentralized finance (DeFi) space, said financial services platform BitOoda. "In our view, we will not be surprised if/when regulators take a closer look at DeFi platforms and participants, as they recognize the potential for these networks to…
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Known as one of the hottest decentralized finance (DeFi) tokens of the year, yearn.finance’s YFI token is now down by close to 60% from its all-time high just over three weeks ago. At the time of writing (11:50 UTC), YFI was down by 6% over the past 24 hours, and down by just over 31%…
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Screenshot. Prominent Russian oligarch Alexander Lebedev is set to launch a new decentralized finance (DeFi) “cryptobank” – and could spearhead a USD 15 million investment in the new venture. Lebedev, whose fortune was estimated at a cool USD 3.1 billion back in 2008 by Forbes, is the former head of the Russain National Reserve Bank,…
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A recent crackdown by US regulators on the crypto derivatives exchange BitMEX has shown once and for all that decentralization is the way to move forward for those offering crypto-related services, several industry insiders argue. According to the decentralized finance (DeFi)-focused newsletter The Defiant, the charges brought against BitMEX by the US Commodity Futures Read…
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Not content with its plans to use bitcoin (BTC), altcoins and its own state-issued petro (PTR) coin in international trade deals, the Nicolás Maduro-fronted government of Venezuela now appears ready to take the plunge into the world of DeFi. Well, sort of. The Venezuelan National Superintendency of Securities (known locally as SUNAVAL), the state securities…
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The Winklevoss twins. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. DeFi news US-headquartered crypto exchange Gemini said that it is "committed to building a trustworthy skybridge for you to traverse into this new, exciting frontier" of DeFi, as they Read…
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Despite a recent slump in the prices of many popular DeFi-related tokens, the ‘DeFi summer’ of 2020 is not over yet, analysts claim. According to data from Coinpaprika, the absolute majority of the tokens that are listed in the site’s ‘DeFi’ category are now in the red over the past 7 days. Source: coinpaprika.com, 14:35…
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