Coinbase Pro Announces Support for Compound’s DeFi Token COMP
United States cryptocurrency exchange announced the listing of COMP, the token powering the decentralized lending protocol Compound. Go to Source Powered by WPeMatico
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MakerDAO Up By 30% After Vote For ‘Real-World’ Loan Collateral
MKR is up 30% in 24 hours following the MakerDAO community’s vote in favor of introducing tokenized “real-world” assets as collateral for Dai loans. Go to Source Powered by WPeMatico
Mexico’s Blockchain Sector Grows 90% in 2 Years Despite COVID-19
Mexico’s blockchain sector is producing robust growth, with the sector having nearly doubled in size since 2018. Go to Source Powered by WPeMatico
DeFi Platform Celsius Hits $1 Billion in Cryptocurrency Deposits
Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Go to Source Powered by WPeMatico
Crypto Users Could Soon Receive Interest From Two DeFi Protocols at Once
The Aave protocol has introduced Uniswap tokens as a collateral form, which opens the door to the somewhat risky practice of leveraged liquidity pools on the exchange. Go to Source Powered by WPeMatico
After a Slow Start, Tether Sees Increasing Usage in DeFi
Tether usage is picking up pace in DeFi as Aave reports over 10% of its assets locked are in USDT, after a slow start that saw its competitor USDC gain adoption. Go to Source Powered by WPeMatico
BitGo Launches Full-Service Institutional Trading Platform, BitGo Prime
Major American digital asset financial services firm BitGo is releasing a new full-service trading platform designed for institutional investors. Go to Source Powered by WPeMatico
BlockFi’s Data Breach May Allow Criminals to Extort Rich Clients
BlockFi disclosed a data breach that potentially leaked physical addresses and account activity of its customers, highlighting the risks of KYC finance platforms. Go to Source Powered by WPeMatico
DeFi Lending Attracts VC Backing Despite Sharp Drop in Crypto Fundraising
Despite VC funding to crypto firms falling by nearly 60% during April, DeFi lending is attracting increasing investment month-over-month Go to Source Powered by WPeMatico
Paradigm Researcher Unveils Fixed-Rate DeFi Lending Protocol
Yield Protocol claims to facilitate fixed-rate interest and lending markets backed by crypto Go to Source Powered by WPeMatico