Tag: DeFi

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Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

February 23, 2021

New research finds that regulated financial institutions can interface with decentralized finance via digital asset marketplaces. While public adoption of crypto assets is increasing, global regulations continue to progress and recognize decentralized technologies as a suitable infrastructure for the dematerialization of securities. In Luxembourg, the country that is second in the world in terms of…
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$24 million lost in second-largest day of DeFi liquidations

February 23, 2021

The Feb. 22 crypto market flash-crash liquidated more than $24 million worth of DeFi loans. with Compound users representing more than half of the margin calls. The Feb. 22 crypto crash has sparked the second-largest volume of DeFi liquidations in the sector’s history, with more than $24.1 million worth of loans being forcefully closed within…
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Altcoins and DeFi sell-off after Bitcoin’s 17.6% correction below $50K

February 23, 2021

DeFi tokens and altcoins bore the brunt of today’s carnage as Bitcoin price dipped below $48,000. In the early morning trading hours Bitcoin (BTC) price abruptly dropped by 17.65% which triggered a major downturn throughout the entire market. Data from Cointelegraph Markets and TradingView shows that Bitcoin decreased from a high of $58,274 on Feb.…
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DEX goals diverge as SushiSwap (SUSHI) and Uniswap (UNI) rally to new highs

February 22, 2021

The goals and development of SushiSwap and Uniswap are diverging as each exchange’s governance token reaches new all-time highs. Uniswap and SushiSwap have emerged as two of the top decentralized exchanges (DEXs) that are leading the current DeFi bull run higher. Despite a controversial start for SushiSwap, the last few months have seen it catching…
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Monster bull flag for Yearn.finance puts $200,000 YFI price in play

February 21, 2021

After weeks of aggressive selling, YFI looks primed for a move to $60,000 before Bitcoin. Bitcoin (BTC) bears looked on in disbelief as BTC price rallied to over $57,800 on Feb. 21, sparking a major altcoin rally. It seems bull flags are being printed one after the other on coins like Polkadot and Cardano, which…
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BNB price surges as Binance Smart Chain grows in popularity with DeFi

February 21, 2021

Binance Coin passes Tether to become the third-largest crypto by market cap as daily transactions on Binance Smart Chain surpass Ethereum. Binance Coin (BNB) has been on an absolute tear in the month of February. It traded at $48.93 on Feb. 1 and grew to trade at $304 at the time of publication, amounting to a…
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Exchange tokens benefit as centralized exchanges battle with DeFi platforms

February 21, 2021

Exchange tokens catch a boost as governance and high yields attract fresh inflows and CeFi begins to merge with DeFi. Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like…
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REN price rallies 60%, hitting a new high after recent DeFi integration

February 20, 2021

REN price spiked to a new all-time high shortly after its recent integration with Binance Smart Chain. Ren (REN) price underwent a strong 65% breakout on Feb.19 as the interoperability-focused protocol saw continuing accumulation from whale wallets holding more than 1 million REN. Data from Cointelegraph Markets and TradingView shows that REN rose from $0.99…
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Binance’s brief pause of Ethereum withdrawals leaves community perplexed

February 20, 2021

Binance paused ERC-20 withdrawals without offering a credible explanation, letting speculation about its true motives run wild. Binance had a hiccup with its withdrawals for Ether (ETH) and all ERC-20 assets on Friday, with users being unable to access any of their Ethereum-based assets for about one hour. The pause came abruptly, as the exchange’s Twitter account…
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No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop

February 20, 2021

The self-styled “savings game” is hoovering user deposits, leading to meaty lottery payouts No-loss lotteries appear to have found a snug product-market fit.  Just a few days after the airdrop of their governance token, POOL, the self-styled “savings game” PoolTogether has cracked $50 million in total value locked with ease, currently sitting above $51 million…
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