DeFi may struggle to stay decentralized after new EU law

DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models.

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DeFi Token Weekly Round-Up - 27th May 2021

DeFi Token Weekly Round-Up - 27th May 2021. Pro-trader Josh Olszewicz breaks down his chart perspective view on the DeFi realm. Watch and find out what the charts say this week for LINK, COMP, UNI - and many more

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DeFi Token Weekly Round-Up - 6th May 2021

DeFi Token Weekly Round-Up - 6th May 2021. Pro-trader Josh Olszewicz breaks down his chart perspective view on the DeFi realm. Watch and find out what the charts say this week for LINK, COMP, UNI - and many more

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DeFi may not be like the ICO boom, but is that a good thing?

Cameron Winklevoss and Tone Vays disagree on the quality of the DeFi space within the context of previous blockchain booms and busts.

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The great unbanking: How DeFi is completing the job Bitcoin started

While most of us will prefer to forget the horrors of 2020, DeFi may well prove to be the guarantee of a better, more liberated future.

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This Statistic Shows How Small Ethereum’s DeFi Space Really Is

Ethereum’s decentralized finance space has seen parabolic growth since the start of 2020. In the past nine months, the value of coins locked in DeFi contracts has surged from around $500 million to $10 billion — a statistic that may actually undershoot true values.

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Polkadot DeFi developers may soon get a new oracle provider with historic data

Polkadot snatches yet another oracle provider from a different blockchain.

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Crypto analysts predict a further rise of Yearn.Finance (YFI) to $50,000

During the weekend, the Yearn. Finance (YFI) was valued at $43,966, which represents an all-time high of the native token. And there may be still more room for growth as analysts think the growth in the DeFi sector may further spur the YFI growth even further to $50,000 in the short term.

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Top crypto traders explain why Yearn.finance (YFI) may top $50K soon

Analysts believe DeFi sector growth could push the price of Yearn.finance (YFI) to $50,000 in the short term.

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Binance Smart Chain holds 14% of ETH transaction volume

Binance may be looking to dominate the DeFi space, just as it has the...

The post Binance Smart Chain holds 14% of ETH transaction volume appeared first on Coin Journal.

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Electroneum explores DeFi integration and welcomes two globally-renowned crypto and blockchain experts to its team

The award-winning crypto startup’s head of blockchain gives a sneak preview of what an Electroneum Defi integration may look like, while the Electroneum Marketing manager...

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Wrapped Bitcoin unwraps growth amid DeFi hype

The Bitcoin spot market may be wrestling with the resistances and support, but synthetic Bitcoin tokens have been increasing. According to reports there were over $700 million worth of synthetic bitcoThe post Wrapped Bitcoin unwraps growth amid DeFi hype appeared first on AMBCrypto.

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Crypto.com latest to bank on DeFi hype with Uniswap-based exchange

Centralized Decentralized Finance may not make a lot of sense, but it is coming.

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Ether Traders May Be Hedging Against DeFi Slowdown: Analyst

Some are calling the white-hot Defi space a bubble that is unsustainable.

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Security Firms Warn of Potential DeFi Exit Scam After $2.5M in ‘Locked’ Cryptos Moved

Two blockchain security firms have warned that the creators of a DeFi contract on the EOS network may have fled with users' funds.

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DeFi Is Hot but Retail Interest Nowhere Close to ICO Frenzy

It may be too early to draw parallels between the DeFi explosion and the ICO bubble of two years ago.

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DeFi Insurance is the Perfect Counter to Rug Pulls

Coinspeaker DeFi Insurance is the Perfect Counter to Rug PullsDeFi space users have always been affected by a fear of having a "rug pull". However, insurance may become a cure in this situation.DeFi Insurance is the Perfect Counter to Rug Pulls

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Bitcoin Dominance Slides Losing 10% in the Last 100 Days

Bitcoin’s Dominance Index has slid 10% from a high of 67% on May 10, to a low of 57% today. Despite the defi market shakeout, ethereum still captures 10% of the aggregate market capitalization of $330 billion.

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Is it time for DeFi to look beyond Ethereum?

Bitcoin may have been confined to certain price levels, forcing it to endure quite a bit of sideways movement, over the past few months. However, parallelly, the DeFi space has registered a major boomThe post Is it time for DeFi to look beyond Ethereum? appeared first on AMBCrypto.

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DeFi Boom May Be “Kindling” For “Bitcoin Pump” That Nukes Altcoins: Analyst

As Bitcoin has consolidated between $11,000 and $12,000 over the past month, altcoins have surged. Many top altcoins have gained dozens of percent, resulting in a drop in the DeFi dominance. The gains have been centralized in DeFi-centric altcoins, which have easily outperformed BTC.

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Crypto Roundup: August 31st, 2020

All eyes are on Ethereum this week as DeFi continues to drive the market higher. The second-largest cryptocurrency has now reclaimed $400 while the total market cap has surged to its highest levels since May 2018.

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DeFi Darling Aave (LEND) May Face Correction as Price Reaches Overbought Levels

The Ethereum-based LEND, the native token for the Aave protocol, has seen a stunning performance over the past few months as DeFi has risen to prominence. The asset has gained in excess of 5,000% from the lows of 2019.

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Is 2020's "DeFi mania" the next evolution of financial markets?

This year’s DeFi growth may become the defining crypto event of 2020. But what does a “DeFi mania” actually mean?

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Forthcoming Yield Farming Project Dispenses With Governance

Everyone may be talking about governance on Ethereum, but the yet-to-launch DeFi project Liquity is taking a contrarian view: zero governance.

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Short Sighted Yield Farming Schemes Blind to Sustained DeFi Adoption

Though DeFi projects have been hastily launching yield farming schemes, they may end up overlooking the end goal: Sustainable adoption.  

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DeFi may have issues, but exchanges couldn't care less

Consider this - Exactly three months ago, the TVL locked in DeFi was well under $1 billion. At the time of writing, the same figure was closing in on $7 billion, with DeFi's market cap north of $14.

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Total Value Locked in DeFi May Be Overestimated by $2.83 Billion

DeFi Pulse denies claims it overestimates the total USD value locked in DeFi by $2.83 billion.

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Qtum Will Pledge up to $5 Million to Its New DeFi Development Fund

Qtum has just launched one of the biggest DeFi development funds to date. $1M has been allocated initially by the Quantum Foundation but Qtum founder Patrick Dai has said that as much as $5M may eventually be assigned to DeFi devs.

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Bitcoin DeFi May Be Unstoppable, What Does It Look Like?

Bitcoin veterans are about to join the decentralized finance (DeFi) bull run, and they are taking a very different approach than Ethereum fans.

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Bitcoin DeFi May Be Unstoppable: What Does It Look Like?

Bitcoin veterans are about to join the decentralized finance (DeFi) bull run, and they are taking a very different approach than Ethereum fans.

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DeFi Total Value Locked Tops $6 Billion Milestone

Decentralized finance projects keep gathering momentum. Many are attributing the current bull market to the boom in popularity of these protocols. From high-interest earnings to yield farming, we may be witnessing how DeFi takes over crypto.

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Lending Protocol Aave Eyes Tokenized Mortgages With Launch of V2

Tokenized mortgages may be coming to decentralized finance (DeFi) following Aave v2’s specification announcement Friday.

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Analyst Predicts DeFi Growth May Push Chainlink (LINK) Price to $32

Investment analyst Timothy Peterson says Chainlink (LINK) price might hit $32 by the end of 2020, but holding that level would be impossible.

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How U.S. Restrictions on Wechat & Other Chinese Brands Could Boost Crypto

The ongoing tensions between the U.S. and China could boost crypto should certain events transpire, say certain investors. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, ETH’s DeFi Space Still in Vogue Ongoing China-US Tensions May Be Able to Boost Crypto: Dovey Wan & Others President Trump announced that U.S. businesses can […]

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Why DeFi May Not Integrate Into Centralized Finance Anytime Soon

Decentralized finance (DeFi) markets may well be booming this year, but they’re still a blip compared to their centralized big brothers. There are several things still holding DeFi back from becoming the financial landscape of the future.

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How the Ethereum-Based Ampleforth’s 50% Crash Shows DeFi Investing Risks

The DeFi craze may have finally gone too far, leading investors into disaster as some top industry analysts had forewarned. Ampleforth, an altcoin that recently flash pumped by over 700,000%, just collapsed by over 70% wiping out investor’s gains and then some.

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DeFi Yield Farming Is Driving Adoption, but Stakeholders Urge Caution

Industry observers say unchecked yield chasing may have negative consequences on the fledgling DeFi market.

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Ren Protocol to Wrap DigiByte’s DGB Coin to renDGB to Empower Ethereum and DeFi Protocols Interoperability

If the goal is blockchain interoperability and synergy, then the Republic Protocol’s work can’t go unnoticed. After launching the RenVM mainnet in late May 2020, today (July 27, 2020), the Republic Protocol (REN) shared its plans to wrap DigiByte’s native coin, DGB, to renDGB to enable interoperability with Ethereum’s ERC-20 and DeFi protocols.

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Ren Protocol to Wrap DigiByte’s DGB token to renDGB to Empower Ethereum and DeFi Protocols Interoperability

If the goal is blockchain interoperability and synergy, then the Republic Protocol’s work can’t go unnoticed. After launching the RenVM mainnet in late May 2020, today (July 27, 2020), the Republic Protocol (REN) shared its plans to wrap DigiByte’s native token, DGB, to renDGB to enable interoperability with Ethereum’s ERC-20 and DeFi protocols.

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Analyst: yEarn Finance (YFI) DeFi Rally Is Contender For Crypto Market’s Fastest 100x

Decentralized finance is absolutely on fire, and so is every crypto token in the segment. The latest token to take off due to the unstoppable trend is yEarn Finance. According to a well-known crypto analyst and podcaster, YFI may be a contender for the fastest 100x ever in the crypto market. $10,000 Invested in yEarn […]

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DeFi ‘Farming Craze’ Pushes Stablecoin DAI to Raise Debt Ceiling to 345 Million

The Ongoing DeFi boom has the Maker community voting for increasing the debt ceilings for DAI. “The farming craze has taken another turn with the start of YFI farming. Until long term solutions are put in place, the community may want to consider increasing the ETH and USDC-A debt ceilings,” reads the team’s statement. This […]

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Why Ethereum May Severely Underperform DeFi Tokens During Next Bull Market

Ethereum has seen some positive price action throughout the past day, although it remains highly correlated to that of Bitcoin It also remains caught within its macro trading range between $230 and $250, with its buyers being unable to surmount the upper boundary of this range ETH investors have been speculating that the growth seen within the DeFi sector could be enough to propel the crypto higher That being said, one analyst and fund manager […]

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How Chinese crypto investors may help fuel the DeFi sector’s rise

The decentralized finance sector has been grabbing the attention of crypto investors throughout the past couple of months, as virtually every associated token has been posting massive gains. The post How Chinese crypto investors may help fuel the DeFi sector’s rise appeared first on CryptoSlate.

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Declining Compound yields may be fueling COMP’s intense downtrend

Popular DeFi protocol Compound (COMP) has been seeing a massive influx of new users since its launch late last month. The post Declining Compound yields may be fueling COMP’s intense downtrend appeared first on CryptoSlate.

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Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi

Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however. Compound and Curve...

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Q4 2020 will be crazy for crypto, says VC: DeFi, Ethereum 2.0, Libra, and more

Save for strong developments with specific altcoins such as Cardano and Chainlink, coupled with the news that PayPal may integrate Bitcoin, the crypto industry has been rather quiet over recent months.

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Ethereum Dapps Are Nearing 50% of Bitcoin Transaction Volumes

Ethereum has long flipped bitcoin in transaction numbers. Now dapps and defi may do too with 127,000 transactions performed within 24 hours on Friday. Today so far it stands at...

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These DeFi Tokens Are Surging as FOMO Returns to Markets

Fear of missing out may be returning to the crypto space after over two years of relative absence. Several DeFi tokens are surging as protocol upgrades near and liquidity farming gathers momentum.

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Andreas Antonopoulos: Use DeFi Contracts for BTC Passive Income

HODLing Bitcoin may pay off eventually, but it means one’s money isn’t working for them now, says Andreas Antonopoulos.

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