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The popularity of decentralized exchanges (DEXs) has grown multifold in 2020, marked by the public interest in the broader DeFi sector and the demand for non-custodial crypto solutions. But the move has been marred by scams, exit schemes, and frauds alike. The ease of listing DeFi tokens on Uniswap and other DEXs, which require no […]

According to the data from Skew, Binance Futures now has the most liquid Bitcoin perpetual swap contract. It surpassed BitMEX, which was probed by U.S. regulators in early October. Binance Futures, the futures exchange arm of Binance, launched in September 2019. Since then, it has become one of the largest futures exchanges alongside OKEx and […]

Earlier this month, Yearn.finance (YFI) founder Andre Cronje began testing one of his latest projects. This project was Keep3r Network, a decentralized marketplace where projects can post jobs for users to take in exchange for a fee paid in a new token, KPR. The idea is to outsource tasks, which often means interactions with smart […]

After seeing its native token lose 65 percent of its value during the weekend following a massive exploit, Harvest Finance seems to have entered into a consolidation period. At press time, deposits in Harvest have surpassed $311 million. While this is a far cry from the $1 billion in TVL the protocol saw last week, […]

Don’t be fooled by total value locked (TVL): DeFi is on life support. Still, by almost every measure, DeFi appears to be skyrocketing. TVL has increased from just over $550 million a year ago to $11.2 billion at the time of this writing, according to DeFi Pulse. The leading DEX’s fortunes have swung wildly, propelling […]

US-based Fidelity Investments, a trillion-dollar fund manager with a deep interest in the cryptocurrency market, is targeting rich Asian investors by way of a new partnership with a fund in Singapore, financial publication Bloomberg reported Thursday. Asian family offices are FOMOing into crypto Stack, the Singapore fund that provides access to crypto products and similar […]

London-based Coinfirm will now utilize Chainlink’s market-leading oracle service to provide anti-money laundering (AML) tools for DeFi projects, it said in a release Wednesday. The firm will use Chainlink’s oracle network to bring their AMLT Oracle, an AML solution for DeFi, to the rapidly expanding smart contract and the DeFi economy. This would make Coinfirm’s […]

Even after the five percent drop that took place on Wednesday morning, Bitcoin remains far above the lows of September and early October. The coin currently trades for $13,200; at the lows of September, BTC was changing hands for $9,800. Analysts believe that this price action is a clear byproduct of a brewing “sell-side liquidity […]

Ripple CEO Brad Garlinghouse is not convinced with crypto exchange Coinbase’s decision to take an apolitical stance within the workspace, he said in a recent interview with CNBC. Tech firms have an “obligation” Coinbase CEO Brian Amstrong caused ripples (pun unintended) earlier this year after stating the firm was an apolitical organization and did not […]

The Bitcoin NVT Ratio is at an all-time high, which indicates that the blockchain network activity is supplementing the price. The metric shows the ongoing rally of BTC is organic, led by genuine retail and institutional demand. Bitcoin’s NVT is calculated by dividing its market cap by the sum of capital moved daily on the […]