3 key metrics show DeFi’s TVL on the verge of a new ATH
The $4 billion gap between the current decentralized finance TVL and an ATH could be closed using recent implementations from AAVE, Curve, and Spell Token. Go to Source Powered by WPeMatico
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Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance
The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with … Read more
Ribbon Finance gains 60% after V2 launch and Avalanche integration
RBN price targets a new all-time high after its V2 launch and recent support for AVAX. Go to Source Powered by WPeMatico
Binance Labs leads $12M round for DeFi platform WOO Network
Binance’s VC arm lea DeFi liquidity provider WOO Network’s $12 million Series A+ funding round. Go to Source Powered by WPeMatico
Grayscale rebalances DeFi Fund dropping Balancer (BAL) and UMA
Major digital asset manager Grayscale has rebalanced the DeFi Fund for the second time since its inception in July 2021. Go to Source Powered by WPeMatico
Crypto predictions platform Polymarket fined $1.4M by CTFC
“All derivatives markets must operate within the bounds of the law regardless of the technology used,” said Acting Director of Enforcement Vincent McGonagle. Go to Source Powered by WPeMatico
CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,’” said the derivatives regulator. CFTC Takes First Crypto … Read more
What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 3
Here’s what blockchain industry insiders foresee in the development of the blockchain and crypto space in the new year of 2022. Go to Source Powered by WPeMatico
Yearn Finance risks pullback after YFI price gains 100% in less than 3 weeks
The recent bout of buying in the Yearn Finance market accompanies meager volumes, suggesting there are not enough buyers backing YFI’s price rally. Go to Source Powered by WPeMatico
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism … Read more