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

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

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

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

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 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, 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 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

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

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

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, 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

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, 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

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, 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 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

A report said that Uniswap serves as a massive player in the decentralized finance (DeFi), in the crypto space. It has been reported that Incognito, a blockchain focusing on crypto privacy, has reopened pUniswap, a way to participate on Uniswap privately. What’s better than Uniswap and privacy? How about both at once. pUniswap 2.0 lets traders do their thing without leaving a trace of their transactions. https://t.co/4uklGPMGKT — Cointelegraph (@Cointelegraph) December 11, 2

Sponsoring the DeFi section at the Business Blockchain Expo with Binarystar on 12th of Dec. On the 12th of December 2020, Japan’s largest blockchain incubation hub, Binarystar, will host the Business Blockchain Expo following September Expo. For this Expo, Moonstake is now sponsoring the Decentralized Finance (DeFi) section and will serve as a gateway to introduce prominent DeFi projects to the Japanese market. Business Blockchain Expo is a business matching event organized b

Institutional money appears to be flowing into the decentralized finance (DeFi) sector, with Yearn Finance’s YFI among the top beneficiaries. It has been reported by crypto market data aggregator IntoTheBlock that on-chain transactions of $100,000 or higher have increased by 282% over the past week, including nearly $134 million worth of activity on November 10 (Tuesday) alone. However, according to crypto market analysis firm Messari, YFI was the top-performing DeFi asset of