Decentralized finance is a form of blockchain-based finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to provide traditional financial instruments, instead of relying on smart contracts on blockchains, the most common of which being Ethereum.
Bitlayer, a prominent member of the BitVM Alliance, is partnering with Xverse Wallet to integrate the BitVM Bridge into the wallet's interface. This collaboration aims to facilitate the adoption of BitVM technology in the growing Bitcoin DeFi ecosystem, allowing users to access the BitVM Bridge seamlessly through their Xverse Wallet. ...
The U.S. Senate has voted to repeal a controversial IRS rule targeting decentralized finance (DeFi) platforms, bringing the measure closer to becoming law. The lawmakers passed the resolution with a 70-28 vote, overturning a regulation that sought to impose tax reporting requirements on DeFi businesses. The decision comes after a ...
Coinbase has unveiled a feature to Verified Pools, a KYC-verified liquidity pool designed to boost DeFi adoption while minimizing counterparty risks. The initiative aims to provide both institutional and retail traders with compliant access to on-chain liquidity, fostering a more secure and transparent trading environment.CEO Brian Armstrong emphasized the importance ...
RedStone has partnered with the Worldcoin project to bring its oracle solutions to the latter's Layer 2 blockchain, World Chain. The collaboration is expected to provide developers with high-quality, cost-efficient data for DeFi applications on the Optimism-based Layer 2 network. RedStone's integration will provide the WorldChain's developers with access to ...
One of the biggest questions shaking up the blockchain industry now is whether successful projects should remain loyal to the Layer 1 (L1) blockchains or strike out on their own and launch their own native chains, a decision that could fundamentally alter the economics of networks like Solana. Solana, with ...
The current state of Cardano and Solana in the market has prompted traders to seek alternatives that may serve as a hedge against potential losses. Among these options, many are turning to a new DeFi token called RCO Finance, with projections of an extraordinary rise of 50,000%. But what are ...
World Liberty Financial, a Trump-backed DeFi project, is planning to establish a strategic token reserve of its crypto holdings, according to co-founder Chase Herro According to reports from Bloomberg, Herro claimed the decision to create such a reserve is driven by the need to manage the platform's growing cryptocurrency holdings ...
Corn has raised $8.3 million in a community funding round on Legion, with participation from 675 new investors. This marks a significant advancement in its mission to establish Bitcoin as the leading and most liquid asset in the decentralized finance (DeFi) space. The fundraiser, referred to as “ICO 2.0,” focused ...
A new report from HTX Ventures suggests that stablecoins and Real-World Assets (RWA) are set to bridge the gap between traditional and decentralized finance, potentially transforming the DeFi landscape. The report reveals that the use of stablecoins in blockchain transactions has surged from 3% in 2020 to over 50% by ...
ARMswap has launched the first version of its DeFi protocol to address inefficiencies in fragmented blockchain networks. The solution focuses on optimized multi-directional cross-chain swaps and bridges within the growing Web3 ecosystem, including various layer-1 and layer-2 blockchains with unique algorithms. The platform is set to launch its V1 in ...
