#defi

World Economic Forum Publishes Policy Toolkit On DeFi

Crypto News Point

Jun 10, 2021
2 min

World Economic Forum Publishes Policy Toolkit On DeFi

The World Economic Forum (WEF) has published a policy toolkit on decentralized finance (DeFi). It has been reported that the toolkit seeks to provide useful guidance for regulators and government policy-makers concerning DeFi regulations. However, the WEF reportedly partnered with the Blockchain and Digital Asset Project at the Wharton School of the University of Pennsylvania. DeFi entrepreneurs, legal experts, and financial regulators also collaborated with the WEF to develo

Sydney Builds The World’s First “Shariah-Guided” DeFi Platform

Crypto News Point

May 18, 2021
3 min

Sydney Builds The World’s First “Shariah-Guided” DeFi Platform

Sydney is building the world’s first “Shariah-guided” decentralized finance (DeFi) platform to navigate a course between the advantages of DeFi and the beliefs of Islamic finance. It has been reported that the Marhaba Decentralized Financial Platform (as Marhaba means “welcome” in Arabic) is expected to launch in the coming months and seeks to offer the Islamic world a DeFi platform informed by the core tenets of Shariah. Naquib Mohammed, the Chief Innovation Officer of Block

Cream Finance Announces New Security Campaign For Its DeFi Ecosystem

Crypto News Point

Apr 26, 2021
2 min

Cream Finance Announces New Security Campaign For Its DeFi Ecosystem

Cream Finance, the decentralized lending protocol, has announced a new security campaign for its DeFi ecosystem in collaboration with several DeFi platforms like Immunefi, Armor, and DeFiSafety. It has been reported that it has launched a $1.5 million bug bounty program with blockchain bounty platform Immunefi to strengthen Cream’s protocol, API, and website security. However, the new bug bounty will focus on Cream Finance’s smart contracts and the prevention of potential exp

Thailand’s Kasikornbank Begins Experimenting With DeFi

Crypto News Point

Apr 14, 2021
2 min

Thailand’s Kasikornbank Begins Experimenting With DeFi

Thailand’s Kasikornbank (KBank) has begun experimenting with decentralized finance (DeFi) services as part of its business expansion plan. It has been reported by Bangkok Post that the bank’s DeFi exploration is being spearheaded by KBank’s tech subsidiary, Kasikorn Business Technology Group (KBTG). Ruangroj Poonpol, the chairman of KBTG, said: “DeFi is a key exploration for KBank Group this year […] The project is being explored through KBTG under the second phase of the com

Alameda Research Allocates $4M To Coin98 Finance

Crypto News Point

Apr 7, 2021
2 min

Alameda Research Allocates $4M To Coin98 Finance

The DeFi market is on its way to expand and set its footprint in the Asian market. Alameda Research allocates $4miilion to Coin98 Finance. The exclusive deal marks the growth of DeFi across the Asian region, as the trading platform identifies the Southeast Asian market as a potential growth capital. Coin98 Finance is a budding DeFi platform from Vietnam. The VC behind Coin98 Finance, Coin98 Ventures is one of the biggest cryptocurrency fund in Vietnam which supports the Solan

Polkadot’s DeFi ecosystem, Acala Gets The Support of Coinbase Ventures

Crypto News Point

Apr 3, 2021
2 min

Polkadot’s DeFi ecosystem, Acala Gets The Support of Coinbase Ventures

Coinbase has announced that it will be supporting the Acala Ecosystem, “all-in-one DeFi hub of Polkadot”. Coinbase will also support the DeFi hub of Kusama, ‘Karura’. The one which is being built by the Acala team. Both the DeFi ecosystems are ready to launch, which means that users will be able to enjoy the various applications from day one of the launch, as stated by Dan Reecer,Acala’s VP of growth. Explaining the launch process, Dan further says: The Acala team’s path to l

Liquity Protocol Secures $6M In Series A Funding Round To Enhance The Resources In Its Ecosystem

Crypto News Point

Mar 30, 2021
2 min

Liquity Protocol Secures $6M In Series A Funding Round To Enhance The Resources In Its Ecosystem

Robert Lauko in his medium article announced a good news on March 29. He wrote: Liquity has raised $6M In Series A funding led by Pantera Capital with follow on investments from Nima Capital, Alameda Research, Greenfield.one, IOSG, AngelDAO, and others. We also received backing from an amazing group of angels including Bo Shen, Meltem Demirors, David Hoffmann, Calvin Liu, George Lambeth, and many more. Lastly, we’d like to thank and recognize Tomahawk.VC, 1kx, and Lemniscap f

Cartesi Partners with IOTA

Crypto News Point

Mar 27, 2021
3 min

Cartesi Partners with IOTA

The potential of DeFi, NFTs and Industrial IoT is now more accessible than ever before. March 24, 2021 — 2021 is already becoming a landmark year for advances in DeFi (decentralized finance) and the adoption of cryptocurrencies, with pioneering uses of blockchain technology making more of an impact than ever before. At Cartesi, our goal is to not only bridge the gap between mainstream software development and distributed ledger technologies for the millions of traditional sof

Prominent Investors Contribute $2M To Covalent For The Completion Of A Project On Building A Decentr

Crypto News Point

Mar 26, 2021
2 min

Prominent Investors Contribute $2M To Covalent For The Completion Of A Project On Building A Decentr

Prominent Investors including Hashed Ventures, Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and others contribute $2M To Covalent for the completion of a project on building a decentralised blockchain data provider. The round was also participated by the blockchain protocol firms like Moonbeam, Avalanche, NEAR and Elrond. A number of notable investors and projects have provided $2 million to Covalent in a project building a decentralized blockchain

HiFi Announces The Launch Of A Fixed-Rate DeFi Lending Platform

Crypto News Point

Feb 19, 2021
2 min

HiFi Announces The Launch Of A Fixed-Rate DeFi Lending Platform

HiFi, the recent rebrand of onetime decentralized application platform Mainframe, announced the launch of a fixed-rate DeFi lending platform. Doug Leonard, the CEO of HiFi, said: “Fixed-rate lending is an important milestone for DeFi. Investors and traders need less-volatile options so that they can plan finances in advance, have predictability in expenses and hedge investments with certainty.” It has been reported that with a lending product, HiFi is entering into a marketpl

Balancer Labs Announces A $5 Million Investment Round Led By DeFi Mainstays

Crypto News Point

Feb 13, 2021
2 min

Balancer Labs Announces A $5 Million Investment Round Led By DeFi Mainstays

Balancer Labs has announced a $5 million investment round led by DeFi mainstays Three Arrows Capital and DeFiance Capital on February 10. The two VCs now join Pantera Capital and Alameda Research in investing, bringing Balancer’s series A round to a total of $12 million raised. It has been reported that the investment might come as a surprise to some, given that in a recent podcast Arthur of DeFiance Capital gave a less-than-glowing review of Balancer as an automated market m

Anon Powered Development Team Announces The Launch Of Premia

Crypto News Point

Feb 10, 2021
2 min

Anon Powered Development Team Announces The Launch Of Premia

The development team of Anon Powered has announced on February 7 the launch of Premia, the latest decentralized finance (DeFi) options platform LIVE on Ethereum. It has been reported that the group of semi-anonymous developers behind Anon Powered, who collectively requested that they be referred to as “members of the Premia Republic,” the name for Premia’s upcoming DAO said that out of the gate users will be able to write, sell and exercise “American-style covered calls and p

Ethereum’s Gas Fees Spike To Record Highs, DeFi Protocols Increase Above $1,000

Crypto News Point

Feb 6, 2021
2 min

Ethereum’s Gas Fees Spike To Record Highs, DeFi Protocols Increase Above $1,000

Report said that Ethereum’s gas fees have spiked to record highs, as DeFi protocols have increased above $1,000. It has been reported that after increasing around 20% in the last 2 days, average Ethereum transaction fees are now sitting at a record $17.67. Paolo Ardoino, CTO at Bitfinex: “Bitcoin’s recognition as a ‘good thing’ has always seemingly been judged according to its price. Yet amid more feverish speculation in frothy markets, it is important to remember the underly

GameStop Short Squeeze Highlights The Need For DeFi

Crypto News Point

Jan 29, 2021
2 min

GameStop Short Squeeze Highlights The Need For DeFi

Report said that the success of the GameStop short squeeze has highlighted the need for decentralized finance (DeFi). It has been reported that the stock, which was trading at less than $20 per share earlier this month, was deemed by members of the r/WallStreetBets subreddit to be under attack by a hedge fund that had disclosed a large short position in the stock. However, as a result of the pump coordinated on Reddit and executed by individual traders using platforms like TD

Blockpass Provides Powerful On-chain KYC(TM) Utility For EasyFi DeFi Lending Platform

Crypto News Point

Jan 29, 2021
4 min

Blockpass Provides Powerful On-chain KYC(TM) Utility For EasyFi DeFi Lending Platform

Blockpass, the pioneer of On-chain KYC(TM), is proud to announce a groundbreaking partnership with EasyFi Network – a scalable, open, and inclusive Layer 2 DeFi lending protocol for digital assets, built on Matic Network. The partnership features a powerful use case for on-chain KYC data via a network consisting of Blockpass, Chainlink, Matic, and EasyFi, enabling the realization of decentralized and compliant lending and borrowing of digital assets over public networks. Easy

Origin Protocol To Begin Accepting Claims From Users Who Were Affected By $7 Million Exploit Occurre

Crypto News Point

Jan 21, 2021
2 min

Origin Protocol To Begin Accepting Claims From Users Who Were Affected By $7 Million Exploit Occurre

Report said that Origin Protocol, a DeFi stablecoin project, will begin accepting claims from users who were affected by a $7 million exploit that occurred back in November 2020. It has been reported that the project announced that it will be making good on a December promise to compensate more than 700 victims of a $7 million flash loan attack on the protocol’s Origin Dollar (OUSD). However, Origin users who lost more than 1,000 OUSD can make a second transaction “to claim a

Maps.me Conducts $50 Million Seed Funding Round To Embed DeFi Tools Onto Its Platform

Crypto News Point

Jan 18, 2021
2 min

Maps.me Conducts $50 Million Seed Funding Round To Embed DeFi Tools Onto Its Platform

Maps.me, the leading offline mapping application, has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform. It has been reported that the funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and Genesis Capital. However, Maps.me 2.0 will be a wide-ranging application, featuring travel guides, hotel bookings, and mapping service

DeFi User Controls Around 11% Of 1INCH Token Supply

Crypto News Point

Dec 29, 2020
2 min

DeFi User Controls Around 11% Of 1INCH Token Supply

One serial DeFi user now controls around 11% of 1INCH token supply after the exchange’s governance token distribution event. It has been reported that on Christmas day, decentralized exchange aggregator service 1inch has released its governance and utility token. As part of the launch, the platform airdropped 90 million 1INCH tokens to users who had previously traded on the exchange. However, according to data from on-chain analytics provider Dune, the highest recipient of th

Warp Finance Announces Promising Strides Towards Recompensating Users After $8 Million Flash Loan At

Crypto News Point

Dec 21, 2020
2 min

Warp Finance Announces Promising Strides Towards Recompensating Users After $8 Million Flash Loan At

Warp Finance, the latest decentralized finance (DeFi) protocol, has announced promising strides towards recompensating users after a nearly $8 million flash loan attack. It has been reported that the DeFi protocol, which offers stablecoin loans on liquidity pool token collateral, lost $7.7 million in USDC and DAI when an attacker used multiple flash loans to create liquidity pool tokens, manipulate Warp’s price oracles, and drain Warp’s stablecoin coffers. However, after the

Moonstake Collaboration Webinar: “Institutional Digital Asset Trends for 2021 – What els

Crypto News Point

Dec 15, 2020
4 min

Moonstake Collaboration Webinar: “Institutional Digital Asset Trends for 2021 – What els

Moonstake will hold a joint webinar with Onchain Custodian and Ruby Capital about “Institutional Digital Asset Trends for 2021 – What else apart from DeFi?” on the 16th of Dec, 2020. It will be held from 1 PM Singapore/Beijing time. As the market faces a tough climb out of the pandemic, crypto has put up a stellar performance. The market survey of 800 institutional investors across the U.S. and Europe shows that thirty-six percent of respondents (27% in the U.S. and 45% in Eu