Alabama regulators accuse BlockFi of offering unregistered securities
BlockFi continues rejecting securities regulators’ allegations that its Interest Accounts are unregistered securities. Go to Source Powered by WPeMatico
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3AC-backed DeFi protocol Tranchess launched to track Bitcoin performance
Tranchess is live on the Binance SmartChain with a Bitcoin tracking token and yield farming options for investors. Go to Source Powered by WPeMatico
Ethereum must innovate beyond just DApps for DeFi degens: Vitalik Buterin
As second layer scaling matures for Ethereum, Vitalik Buterin urges the community to grow beyond the confines of DeFi. Go to Source Powered by WPeMatico
Crypto.com deploys its Ethereum Virtual Machine chain testnet
Running on a proof-of-authority consensus algorithm, Cronos is powered by Ethermint, a proof-of-stake chain interoperable with Ethereum and EVM-compatible chains. Go to Source Powered by WPeMatico
Nugenesis Ecosystems – Upholding the Principles of Monotheism Financial Practices, Paving the Way for Future Application of Islamic and Non-usury Banking
Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat? All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc. Some may argue that government-issued fiat … Read more
Grayscale sets sights on institutional DeFi fund
Grayscale Investments is set to float a fund targeting blue-chip assets in the decentralized finance space. Go to Source Powered by WPeMatico
Aave founder hints at developing ‘Twitter on Ethereum’
Jack Dorsey announced earlier this week that Square Inc. is building a new open-source platform for non-custodial Bitcoin services. Go to Source Powered by WPeMatico
Cardano Launches Testnet to Move Closer to Smart Contracts, Polymarket Odds Bet Against Project
On July 14, IOHK, the Cardano network developers, announced the project’s latest testnet called Alonzo white has been deployed. IOHK detailed that it has onboarded new participants and the move will help the project move “closer to smart contracts.” Two days later, a Cardano-based project called Spores raised $2.3 million to build a non-fungible token … Read more
Data Shows Decentralized Finance Took a Hit in Q2 but Is Still Booming
While decentralized finance took a hit in Q2, stats still show there is an important movement in these protocols. Data taken from Messari’s Q2’21 defi review show that decentralized exchanges are busy settling important numbers. Decentralized Finance Bruised but Still Up The decentralized finance paradigm stormed the market this year, and while it certainly took … Read more
Harmony announces $1M hackathon aimed at merging traditional finance and DeFi
The hackathon will run for roughly six weeks from Aug. 15 to Sept. 30 and include four challenges from three different categories. Go to Source Powered by WPeMatico