#decentralized-finance

[ follow ]
decentralized finance
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
5 months ago
Cryptocurrency

Botanix Labs Launches First EVM-Equivalent Layer 2 Testnet on Bitcoin

Botanix Labs has launched the first fully decentralized Ethereum Virtual Machine (EVM) equivalent Layer 2 on Bitcoin.
The Spiderchain network allows developers to replicate and deploy any EVM smart contract onto the Botanix testnet using Bitcoin.
Botanix Labs is now focusing on incubating Bitcoin-enabled DeFi and NFT ecosystem. [ more ]
Coindesk
5 months ago
Cryptocurrency

Digital Asset Platform Coinchange Raises $10M to Scale API Yield Service

Digital asset platform Coinchange has raised $10 million in Series B funding to scale its API-based yield service.
The Toronto-based company is targeting other businesses, primarily crypto exchanges, that wish to offer trading and yield to their clients.
Coinchange assets are managed on-chain, reducing counterparty risk to clients. [ more ]
Coindesk
5 months ago
Cryptocurrency

Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says

Crypto firms acting like banks should be regulated like banks, according to the chair of the supervisory board at the ECB.
Supervising crypto companies is more challenging than overseeing banks due to the deterritorialization and lack of headquarters in the crypto sector. [ more ]
Coindesk
5 months ago
Cryptocurrency

The Protocol: CZ's out, Altman's in, and Kraken's Sued

Binance CEO Changpeng Zhao will step down as part of a plea agreement with U.S. prosecutors, and Binance will pay over $7 billion in fines to the U.S. Treasury and CFTC.
Despite controversy surrounding Binance's centralized structure, Zhao is credited with spearheading tremendous growth in the crypto industry.
Oracle firms like Chainlink and Pyth Network are competing to provide lower-latency pricing data to blockchains for faster on-chain trading. [ more ]
moredecentralized finance
Coindesk
1 week ago
Cryptocurrency

WisdomTree's Crypto Business Goes Live in New York Against Big Shareholder's Wishes

WisdomTree Prime, the firm's digital asset app, went live in New York, enabling saving, spending, and investing in digital assets on-chain. [ more ]
Coindesk
1 day ago
Cryptocurrency

Ether Could Surprise to the Upside in the Coming Months, Coinbase Says

Ether's potential to surprise positively highlighted by Coinbase. [ more ]
Coindesk
1 month ago
Cryptocurrency

Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push

Sui blockchain to host FDUSD token after Ethereum and BNB Chain.
Efforts to embed FDUSD in decentralized finance space to increase DeFi usage. [ more ]
Coindesk
1 month ago
Cryptocurrency

Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton

Bitcoin network experiencing innovation resurgence.
Ordinal collections dominating NFT market. [ more ]
Coindesk
2 months ago
Cryptocurrency

Ether's Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein

Ether has outperformed bitcoin year-to-date by 33%.
Bernstein identifies five catalysts fueling Ether's recent gains, including increased decentralized finance activity. [ more ]
Coindesk
2 months ago
Cryptocurrency

Eigen Labs, Developer Behind Restaking Protocol EigenLayer, Raises $100M From A16z Crypto

Eigen Labs secured $100 million from a16z crypto for EigenLayer project.
EigenLayer involves restaking Ethereum's tokens for securing additional networks. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Online Community Development

The future of social networks: What is SocialFi?

SocialFi blends social media with decentralized finances, empowering users with ownership and better monetization. [ more ]
Coindesk
3 months ago
Cryptocurrency

U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

Stablecoins tied to the dollar are increasing the global strength of the U.S. currency.
Federal Reserve Gov. Christopher Waller believes that stablecoins' dependence on the dollar could actually strengthen the U.S. fiat currency. [ more ]
Coindesk
3 months ago
Cryptocurrency

U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

The SEC has expanded its definition of a dealer, which now includes those dealing in crypto securities.
The new rule could have serious consequences for the digital assets industry and decentralized finance (DeFi). [ more ]
[ Load more ]