Balancer DeFi Protocol integrates with WallStreetBets Crypto App
WallStreetBets crypto app (WSBDApp’s) has partnerned with Balancer DeFi Protocol to bridge the gap between traditional and DeFi investing. Balancer, a popular automated market maker, has announced a strategic agreement with WSBDApp, the WallStreetBets subreddit’s original founders’ blockchain-based trading platform. WSBDApp’s decentralized exchange-traded portfolios (ETPs) will be offered on Balancer V2 as part of the […]
Chainalysis report shows that institutional investors dominated the DeFi scene in Q2
Retail actors alone do not dominate the decentralized finance (DeFi) system any longer, institutional investors are also delving into the market according to Chainalysis’ Q2 report. Institutional investors played a big influence in De adoption in Q2 2021, according to blockchain research firm Chainalysis. Chainalysis noted in its soon-to-be-released “Global DeFi Adoption Index” report: “Large […]
Caitlin Long slams The New York Times for publishing a crypto ‘alarm’ article
Caitlin Long, CEO of Avanti, a regulated crypto bank, believes that painting the entire crypto business with the same brush is unfair. Caitlin Long , the CEO of Avanti Bank and Trust, has responded to a recent New York Times piece alleging that cryptocurrency and decentralized finance is “disrupting the banking industry” at a pace […]
Ruler and Cover DeFi protocol shuts down amid mass developer desertion
DeFi insurance protocol is a procedure that protects against financial loss, owners of tokens have been promised a part of the remaining treasury funds by Ruler and Cover. In an honest open letter, “DeFi Ted,” the chief contributor to the Cover and Ruler Protocol, revealed that the protocol would be shutting down its virtual doors […]
Lobby Lobsters NFT raises $4 million in one hour from sales
The revenues made from secondary sales will also be disbursed to support DeFi lobbying efforts globally. This is the main purpose it is to serve upon its creation. Nonfungible tokens (NFT) with cartoon lobsters in suits have garnered almost $4 million to assist lobbying efforts for the decentralized finance (DeFi) sector. Universe, a nonfungible token […]