Tag: DeFi

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YFI price gains 46% in just four days after Yearn Finance’s $7.5M buyback

Its “decentralized” Treasury has more than $45 million and would pursue similar YFI buybacks in the future. Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100. YFI/USD daily price chart featuring its four-day…
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Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols

The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon, Anchorage, and Messari. Kraken Ventures Reveals $65 Million Fund I LP There’s been an enormous…
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What Did We Learn from the MonoX Hack?

  Gleb Zykov is the Co-Founder and Chief Technology Officer of HashEx, a blockchain advisory and security audits company._____… Read More: What Did We Learn from the MonoX Hack?  Read more »Pay, Trade, Buy Bitcoin with Credit Card

DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns

  People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned…. Read More: DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns  Read…
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Crypto Industry Insiders Share Top Ethereum, DeFi, Gaming, and TradFi Trends for 2022

  As the year is about to end, a number of companies working in the crypto space have shared with Cryptonews.com their predictions for 2022. To help you understand what some of the major players in the space see for the next year, we decided to take a look at what topics are trending among…
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Genius Yield raises $118M via ISPO in first 48 hours

The initial stake pool offering has seen significant uptake, with one of the four GENS pools being nearly fully committed in just two days. On Dec. 15, Genius Yield, a decentralized automated market maker and liquidity management protocol built on the Cardano (ADA) blockchain, announced the launch of its initial stake pool offering, or ISPO.…
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Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17

A new study finds that more than 80% of millionaire youths hold digital assets, Senator Warren attacks stablecoins and billions are locked in the Eth2 contract. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the market attempted to recover from last week’s pummeling, decentralized finance (DeFi) was once again the topic of…
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Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign

The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL. Defi Tokens YFI…
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Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge – Chainalysis

  Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis…. Read More: Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge –…
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Melania Trump’s NFT Vision, Mastercard’s Ethereum Plan + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________  … Read More: Melania Trump’s NFT Vision, Mastercard’s Ethereum Plan + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card