Arbitrum’s TVL increases to $1.5 billion as DeFi morphs into ArbiNYAN
Over $1 billion worth of Ether remains locked in the ArbiNYAN yield farm, despite the native token’s price collapsing by more than 90% in less than 24 hours. Rollup network at layer two of Ethereum Arbitrum One is experiencing significant growth, with its total value locked (TVL) increasing by nearly 2,300 percent in the last […]
Bank for International Settlements: The Rise of Stablecoins and DeFi Make Central Bank Currencies “Urgent”
Traditional banking is under threat, according to Benoit Coeuré, the director of the Bank for International Settlements’ Innovation Hub. According to Benoit Coeuré, head of the Bank for International Settlements ‘ (BIS) Innovation Hub, key pillars of today’s cryptocurrency economy, such as stablecoins and decentralized financial infrastructure (DeFi), pose a danger to the world’s central […]
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 […]