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.
The crypto lending market saw a significant decline by the end of Q4 2024, with total outstanding loans estimated at $36.5 billion, well below the late 2021 peak of $64.4 billion, as highlighted by Galaxy Digital report. The recent decline in the market can be attributed to the collapse of ...
Bybit has launched a new BTC staking campaign through its Web3 platform, offering users fresh incentives to explore decentralized finance (DeFi) rewards. The initiative, which runs from April 11 to May 9, is powered by a partnership with Lombard Finance—the team behind LBTC, the leading liquid staked BTC token. Through ...
BitSaci CRYPTO GROUP LIMITED, the operator behind the Web3-focused cryptocurrency exchange BitSaci, has launched BitSaci Labs to drive investment and innovation in the Web3 ecosystem. This initiative expands beyond their core exchange services, focusing on DeFi, GameFi, and Artificial Intelligence (AI). Through BitSaci Labs, the company aims to support the ...
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 ...
