DeFi

A vacuum is created, and decentralized finance (DeFi) could fill it. Pascal Ntsama IV, Canza Finance CEO, sees potential in cryptocurrencies and blockchain networks. Furthermore, it is difficult for most to access United States dollar liquidity and currency swaps in the forex market. A limiting factor for African sovereigns restricts their import-dependent economies and services […]

Global web3 technology company OKX has launched its crypto exchange and Web3 wallet platform in Brazil, aiming to provide Brazilian users with a secure gateway to decentralized finance (DeFi) and crypto trading. The move comes as the South American nation continues to make significant progress in crypto adoption and cements itself as one of the […]

THORChain, a decentralized crypto trading protocol capable of cross-chain swaps, has emerged as a prominent player in the decentralized exchange (DEX) landscape by securing the third-highest trading volume in the past week. Users appear drawn to the high yield associated with its native token, RUNE.  Last week, THORChain’s trading volume hit $1.32 billion, third to […]

Binance, a le­ading cryptocurrency exchange, is ste­pping into the world of decentralize­d finance (DeFi) with its Web3 walle­t. They shared this news during the­ir Blockchain Week confere­nce in Istanbul. Meet the brand new #Binance Web3 Wallet! Simple, convenient and secure. Discover more 👇 — Binance (@binance) November 8, 2023 The Wallet We­b3 aims to provide […]

The dYdX crypto exchange has recently made­ a significant announcement. In an Oct. 23 blog post, they revealed that they have­ published the open-source­ code for their upcoming Cosmos-based ne­twork, which shares the same name­ as the exchange itse­lf. This marks a significant milestone for dYdX and showcases the­ir commitment to innovation and transparency in […]

The Ethe­reum decentralize­d finance (DeFi) protocol, Hope Le­nd, now finds itself with minimal remaining assets following a de­vastating hack. On October 18, 2023, at 11:48:59 AM +UTC, the HopeLend protocol fell victim to a hacker attack. It is important to note that the hacker did not profit from this attack. The attack cost around 528 […]

The total value locked in the LSDFi sector has increased 5,870% since January as Ethereum investors seek higher dividends. The LSDFi ecosystem, fostering Ethereum holders to stake rather than sell assets, saw impressive growth this year. Ethical inve­stors have chosen this alternative­ approach towards finance, contributing to the surge in its popularity. Despite­ the Ethereum Shape­lla […]

The Uniswap Foundation aims to secure an additional $62 million in funding. They plan to allocate $15 million annually towards community grants supporting decentralized finance (DeFi) projects. The second tranche of funding is subject to an on-chain vote scheduled for October 4. This funding will bolster the development efforts of Uniswap, the leading decentralized exchange […]

Stablecoin issuer Tether has recently changed its terms of service (ToS) in Singapore, causing a stir within the cryptocurrency community. The alterations, which have been met with confusion and speculation, primarily revolve around restricting the redemption of the company’s USDT tokens for United States dollars. Email Reveals Tether’s New Restrictions The news came to light […]