The capitalization of the tokens underpinning DeFi projects has reclaimed $1 billion, while the value of total funds locked up is $703 million. The value of the tokens underpinning decentralized finance, or DeFi, protocols has again surpassed $1 billion. The milestone comes amid a spike in the proliferation of DeFi projects, with data aggregator DeFiMarketCap…
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Multicoin Capital has lead a $1.5 million fundraising round in top Chinese DeFi “super-app” platform dForce. Blockchain and cryptocurrency venture capital firm Multicoin Capital has led a $1.5 million seed round for Chinese decentralized finance (DeFi) protocol dForce. Mable Jiang, the principal of crypto venture capital firm Multicoin Capital, told Cointelegraph that dForce’s plan to…
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Atomic Loans may have cracked the nut of Bitcoin DeFi as much as anyone can, as its users can use Bitcoin as direct collateral for a cross-chain loan disbursed on Ethereum. Atomic Loans is launching a decentralized finance (DeFi) product that is likely to be the closest to a direct implementation on Bitcoin’s (BTC) chain.…
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The Celsius Network is lowering its minimum loan requirements and soon will introduce interest paid out in gold. The Celsius Network is lowering its minimum loan request to $1,000 and will introduce interest paid out in gold. Celsius founder and CEO Alex Mashinsky told Cointegraph that they had previously lowered the minimum to $1,500 from…
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Quarterly Ethereum DApp volume has grown 650% year-over-year, while EOS activity has dropped nearly 12% and Tron has fallen 74%. Crypto analysis firm DappReview published its quarterly report examining transaction volumes for decentralized applications (DApps) on April 8. The report finds a significant increase in total DApp activity during the past three months when compared…
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Compound Finance, TD Ameritrade and Cumberland DRW launch the Chicago DeFi Alliance, a new project aiming to support DeFi development. Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector. Introduced on April 7, the…
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The eternal battle between the ideology of decentralization and the pragmatism of the real world underpins most of the discussion on the future of MakerDAO. As part of its Black Thursday mitigation efforts, MakerDAO introduced USDC as a form of collateral. While this was an emergency measure, it touched the very sensitive topic of centralized…
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In an interview with My Two Gwei, CEO Bobby Ong addressed the recent $400 million acquisition of CoinMarketCap by crypto exchange Binance. Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out. Bobby Ong,…
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Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had a lacking business model, according to recent research. Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research. Research sent to Cointelegraph by Chinese market research firm EqualOcean on March…
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MakerDAO founder Rune Christensen talks Black Thursday and the foundation’s mysterious radio silence on the matter. As the dust begins to settle over MakerDAO’s Black Thursday incident, the team is now returning to a normal working pace. We took the opportunity to catch up with Rune Christensen, one of the original founders of the protocol,…
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