[ad_2][ad_1] Bitcoin (BTC) fell 2% on Friday, the highest in three weeks, after the market was frightened by the announcement that cryptocurrency exchange OKEx had suspended withdrawals because founder Mingxing “Star” Xu would be caught. police custody. The executive is the holder of a private key needed to authorize withdrawals, …
Read More »How DeFi Craze arrived in China
[ad_2][ad_1] When Nervos co-founder Guoning Lü saw some China-based decentralized finance (DeFi) projects raise millions of dollars in hours, he knew that the DeFi craze had officially reached the East. One project saw its total frozen value (TVL) climb from $ 2.9 million to $ 14.4 million within two weeks …
Read More »How “DeFi” stirred up the cryptocurrency market
[ad_2][ad_1] Because matter: The decentralized finance (DeFi) movement has sparked renewed interest in the cryptocurrency market. With Bitcoin worth averaging $ 10,000 over the past year, the lack of major cryptocurrency events such as a halving episode has led to some stagnation. The emergence of DeFi networks saved the day. …
Read More »How “DeFi” eclipsed “Blockchain” in cryptocurrency rebranding | Economic news
[ad_2][ad_1] Remember when Long Island Ice Tea Corp. rocketed its shares by reinventing itself as a cryptocurrency company before it crashed and burned? Well, it’s happening again in the digital asset sphere, but instead of adding “blockchain” to a name, DeFi is the preferred moniker. DeFi, or decentralized finance, has …
Read More »“DeFi” becomes a popular cryptographic rebranding term
[ad_2][ad_1] To share Tweet To share To share To share Print E-mail DeFi, also known as “decentralized finance”, was included in a growing wave of corporate promotions in 2020, Bloomberg reported. Tron, an operating system that has been around for at least three years, recently issued a DeFi token. Tao …
Read More »Securitize is bringing Ethereum-based stocks to the DeFi realm
[ad_2][ad_1] Connecting the worlds of security tokens and decentralized finance (DeFi) is the logical next step for Securitize, a kind of regulatory compliant fixer when it comes to tracking and trading blockchain-based securities. Announced Monday, Securitize is partnering with a protocol called Centrifuge’s Tinlake, which uses an intelligent non-fungible token …
Read More »Ethereum miners earned 450,000 ETH from high network fees during the DeFi peak
[ad_2][ad_1] The Ether miner’s (ETH) revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. Although the price of Ether has not increased significantly during this period, miners on the Ethereum network have seen their revenue increase due to the high fees. The miners …
Read More »Ethereum is not yet ready for DeFi, some critics say
[ad_2][ad_1] As DeFi projects flock to Ethereum, experts warn that the network is not yet ready to support the frenzy. Martin Froehler, a mathematician, former hedge fund manager and founder of the Austrian crypto trading platform Morpher, told Cointelegraph that although Ethereum is the “best thing. [the blockchain industry] has …
Read More »TRON (TRX) starts DeFi mining collaboration with Huobi
[ad_2][ad_1] TRON and Huobi collaborate to enable HT token mining and delegation on sun.market. The amount of Tether (USDT) in the TRON blockchain exceeds $ 5 billion, Justin Sun reveals. The TRON DeFi industry continues to build partnerships in its bid to be a competitor to Ethereum’s DeFi. Through his …
Read More »Market Wrap: Bitcoin reaches $ 10.9K; Total BTC blocked in DeFi 100K passes
[ad_2][ad_1] Bitcoin is making gains that have not been seen since early September; the amount of BTC locked in DeFi reaches six digits. Bitcoin (BTC) traded around $ 10,778 at 20:00 UTC (16:00 EDT). Gain of 0.70% in the previous 24 hours. Bitcoin 24 Hour Range: $ 10,252- $ 10,950 …
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