Crypto quant firm Gauntlet valued at $1B following Series B
The company has found a strong niche in the DeFi sector, with projects like Aave and Compound among its biggest clients. Go to Source Powered by WPeMatico
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More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols
In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to … Read more
Crypto.com gives users in excluded countries one week to repay loans
The decision by Crypto.com comes just within a month of BlockFi’s $100 million penalties for its lending products, as many speculate regulatory clampdown could be the potential reason behind the decision. Go to Source Powered by WPeMatico
Income generation on DeFi, explained
DeFi enables users to earn passive income without undergoing complex measures. Go to Source Powered by WPeMatico
Happy to be regulated? Fallout from BlockFi settlement is a matter of speculation
The record-breaking $100-million fine could mark the dawn of a new era for crypto lending platforms. Go to Source Powered by WPeMatico
SEC hits BlockFi with a $100 million penalty, gives 60 days to comply with a 1940 law
The penalty comes after months of heightened regulatory attention to crypto lending platforms. Go to Source Powered by WPeMatico
3 things the crypto sector must offer to truly mainstream with TradFi
“Reforming the face of finance” is crypto’s primary sales pitch, but the sector needs to offer a few basic components before being welcomed into the arms of the traditional finance sector. Go to Source Powered by WPeMatico
a16z-backed TrueFi launches DeFi lending market for asset managers
Ali Yahya, a general partner at Andreessen Horowitz, told Cointelegraph that TrueFi will “bring the unique advantages of DeFi to a wider and global user base.” Go to Source Powered by WPeMatico
UK tax agency cracks down on rules around DeFi lending and staking
“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor Go to Source Powered by WPeMatico
Genesis issues $6M NFT-backed loan to Meta4 Capital
Institutional investors are increasingly entering the NFT space, particularly interested in providing original lending solutions. Go to Source Powered by WPeMatico