Category: DeFi News

Scoop: This Hedge Fund Is Trying To Bailout BlockFi To Counter FTX

According to a crypto news website Coindesk, a leaked call has revealed that BlockFi’s long time backer Morgan Creek Digital, is trying to raise $250 million to counter FTX’s bailout. The bailout is said to be disastrous for BlockFi’s Long time backers as it stands to wipe them out. Morgan Creek Digital to raise $250 […]

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Chainlink Brings Price Feed Data to Solana for Defi Support

Chainlink Brings Price Feed Data to Solana for Defi Support

Chainlink – a blockchain oracle platform – recently announced that its price feed technology has been launched on the Solana network. This information will help Solana defi developers use live price information for various financial services. The oracle platform has announced that seven price feeds will be made available for Solana developers. These include BTC/USD, […]

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Despite The Terra Crash, This Major Bank Is Betting Big On DeFi

The venture capital arm of Thailand’s oldest bank, Siam Commercial, said it is investing in DeFi despite recent weakness in the space. SCB 10X said it deposited an undisclosed amount into  Compound Treasury, according to a report by Bloomberg. Compound offers 4% returns on deposits through its institution-grade products. It is the eighth-largest DeFi platform […]

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