Category: DeFi

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been […]

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Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months

Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months

Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the decentralized stablecoin DAI’s market capitalization has also swelled significantly as DAI’s market valuation jumped more than 800% during the last 12 months, increasing from $696 […]

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Binance Smart Chain’s Venus Project squashes hostile takeover attempt

Binance Smart Chain’s Venus Project squashes hostile takeover attempt

Lending protocol Venus Project, which runs on Binance Smart Chain, was on the verge of a hostile takeover today — before the original team stepped in and stopped it. The project, which was originally forked from Ethereum projects Compound and MakerDAO, has a decentralized governance system in which token holders vote on changes to the […]

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Polychain and Three Arrows Capital lead $230 million investment in Avalanche

Polychain and Three Arrows Capital lead $230 million investment in Avalanche

Avalanche, the proof-of-stake blockchain promising the industry’s fastest smart contracts, has raised $230 million in a token sale to institutional investors. Polychain and Three Arrows Capital led the round alongside R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital and a group of unnamed angel investors and family offices, according to a press release.  The capital […]

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Layer by Layer Issue 7: Update on Solana, Binance Smart Chain, Cosmos, Terra, and Arweave

Layer by Layer Issue 7: Update on Solana, Binance Smart Chain, Cosmos, Terra, and Arweave

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Layer 1 blockchain foundations continue to release incentive programs to attract users and developers, with a flurry of launches in the past month […]

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Venture Firm Raises $350 Million to Double Down on Its Cryptocurrency Involvement

Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone. Jump Capital’s Seventh Fundraise The American venture capital firm – Jump Capital – closed its largest fundraising round […]

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Overview of private funding of crypto companies in August

Overview of private funding of crypto companies in August

Quick Take The crypto/blockchain sector received nearly $2.1 billion in private investment across 124 funding rounds in August Two investment trends included capital injections towards Web3 technologies and exchanges in the Asia Pacific region For two consecutive months now, the NFTs/Gaming vertical has been the most common deal type This research piece is available to […]

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Custodial crypto lending and staking products ‘take on all the indicia’ of securities, Gensler tells The Block

Custodial crypto lending and staking products ‘take on all the indicia’ of securities, Gensler tells The Block

Securities and Exchange Commission chairman Gary Gensler indicated Tuesday that crypto lending and staking platforms that hold custody of user funds could fall under U.S. securities laws and, as a result, his agency’s oversight. Following a hearing before the Senate Banking Committee, Gensler told The Block that Congress in its 1933 Securities Act and 1934 […]

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Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Last week’s crypto price plunge and subsequent crypto exchange failures illustrate need for SEC to regulate crypto exchanges, says Senator Elizabeth Warren. Gary Gensler, chairman of the Securities and Exchange Commission, appeared before the Senate Banking Committee on Tuesday morning to give testimony on the SEC’s work. Cryptocurrency was a leading subject, which Gensler anticipated […]

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