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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CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner. Real innovations and breakthroughs don’t happen in the blink of an eye. Bitcoin (BTC) took many years to get to mainstream users since its inception in 2009. The bull market run in 2017 drastically […]
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DeFi tokens strongly outperformed Bitcoin price in Q2 but can the triple-digit rallies continue? Compound, the Decentralized Finance protocol, reached the $1 billion dollar mark in funds borrowed from its protocol on June 13, with its top three markets being the DAI and USDC stablecoins followed by Ether (ETH). Currently, MakerDAO’s DAI takes the lead […]
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An upcoming U.S. Commodity Futures Trading Commission, or CFTC, advisory group meeting will host talk on a number of topics, including Distributed Ledger Technology, or DLT, digital assets and trading. The Technology Advisory Committee, or TAC, a technology consultative wing of the CFTC, plans to conduct a remote gathering on July 16, addressing a number […]
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Blockchain technology can bring about major changes for cross-border payments, says Ripple’s former chief market strategist. Ripple’s former chief market strategist, Cory Johnson, says that cross-border payments are where blockchain technology can bring the most change. Johnson claims that speculation around cryptocurrency has slowed down the adoption of blockchain technology in traditional finance. He stated: […]
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DeFi will see a number of bullish developments over the long term, the latest dGen report alleges. Big Four accounting firms like KPMG and Deloitte will become an important part of the decentralized finance — or DeFi — in the coming decade, according to Berlin-based non-profit think tank dGen. In its report titled “Decentralised Finance: […]
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Global crypto exchange OKCoin unveiled its own oracle as a verifiable price data source for the decentralized finance, or DeFi, space. OKCoin fired up its own price oracle for the DeFi space with data traceable back to its origin, offering verified accuracy. “OKCoin has launched OKCoin Oracle, a signed price feed that can be used […]
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The Japanese government is getting serious about a CBDC. The Japanese government is expected to include consideration of a central bank digital currency (CBDC) in its official economic plan. The news comes 10 days after the Bank of Japan’s announcement that it will start experimenting with the digital yen to check its feasibility from a […]
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Super users on DeFi platforms soared 20% in Q2, while bot usage has also increased. Massive growth in decentralized finance over the past three months has been accompanied by a big increase in the number of ‘super users’ who dominate the sector. Along with the prevalence of trading bots, it has raised questions over the […]
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DeFi’s growth has been propelled by the increasing popularity of yield farming and Bitcoin tokenization protocols, according to ConsenSys. The growing tokenization of Bitcoin and the emergence of yield farming has propelled the growth of the decentralized finance sector over the past three months according to ConsenSys. The second quarter report into Ethereum-based DeFi emphasizes […]
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