Where do NFTs fit into DeFi, what’s next for a space awash with funding, and how do DAOs manage NFT content? Jesse Johnson discusses with Cointelegraph Non-Fungible Tokens (NFTs), once the red-headed stepchild to more popular smart contract implementations, are finally beginning to have their day in the sun. Average purchase prices of NFTs on […]
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Blockchain-based apps used to store COVID-19 data may not be as private as they seem. New procedures are being implemented as the world slowly begins to reopen amid the ongoing COVID-19 pandemic. While temperature checks and mandatory face masks have become the new normal, the world is also witnessing the rise of digital health apps, […]
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This project is focusing on cross-chain interoperability and on-chain credit scoring to advance the DeFi lending ecosystem. Wing, a lending protocol built on the Ontology blockchain, currently has $180 million in crypto assets staked on its platform — not a meager amount, even by Ethereum (ETH) standards. Eric Pinos, Ontology’s ecosystem lead for the Americas […]
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Will DeFi take over centralized finance?: A deep dive into the benefits, advantages, dangers and constraints of both systems. Decentralized finance has become one of the hot topics in crypto this year. Although activity and volume in the DeFi space still lag behind its popularity, this is starting to change as novel protocols become available. […]
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Lending startup Teller has raised $1 million in a seed funding round led by Framework Ventures to create a credit score protocol for DeFi. Decentralized lending startup Teller has raised $1 million in a seed funding round led by Framework Ventures to build the first algorithmic credit risk protocol for decentralized finance (DeFi). The solution […]
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The OCC launched a project to identify ways to improve financial inclusion and remove barriers to credit access. The Office of the Comptroller of the Currency, or OCC, launched a project aimed to improve financial inclusion of underserved populations. Called REACh, which stands for Roundtable for Economic Access and Change, will bring together banking industry […]
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Ripple co-founder Chris Larsen discussed U.S. regulators’ ignorance towards regulating the blockchain and crypto space and how it is helping China. In a recent interview with Wall Street Journal reporter Paul Vigna, Ripple’s co-founder and executive chairman Chris Larsen said that the United States has been “slow to the game” in terms of experimenting, implementing […]
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Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as […]
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With the total value locked in the DeFi market crossing $1 billion, industry stakeholders look toward greater global adoption. In one year, the total value of Ether (ETH) locked in DeFi markets has increased from $317 million to over $1 billion. With the increasing level of activity in the market sector, the next logical progression […]
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What are the key advantages and disadvantages of CBDCs? In recent months, the race for the development of a central bank digital currency is gaining pace. The last signal was launched by Chinese President Xi Jinping, who publicly stated the need to invest public resources in blockchain, slated to be the core technology of the […]
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