DeFi

Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Decentralized finance (DeFi) protocol Keep Network has tapped Bison Trails to provide non-custodial staking services for tBTC, an ERC-20 representation of bitcoin (BTC) deposits.  Keep, a project from blockchain venture studio Thesis, operates tBTC in a trustless manner by breaking bitcoin deposits across smart contracts held by various Keep users. “Infrastructure is important because if …

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AVA Labs Will Splash Millions to 'Brain Merge' DeFi and Traditional Finance

AVA Labs Will Splash Millions to ‘Brain Merge’ DeFi and Traditional Finance

Now that its public testnet is live, Emin Gun Sirer’s AVA Labs wants to invest heavily in building a DeFi space more in its own image. Speaking on Google Hangouts, AVA Labs COO Kevin Sekniqi told CoinDesk the company was focusing its energies on a new grants program, made available through its new venture arm, …

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Bitcoin locked in DeFi marks another ATH despite a volatile market

Bitcoin locked in DeFi marks another ATH despite a volatile market

The Decentralized Finance [DeFi] had kickstarted the year 2020 noting tremendous growth. Despite restricted growth, Bitcoin locked in DeFi reached an all-time high of 2.026 k, according to data provided by DeFiPulse. Source: DeFiPulse BTC locked in DeFi started gaining momentum in February during which it escalated from 1.50k BTC to a value above 1.70k …

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Multicoin Capital-backed DeFi protocol dForce loses ~$25M total locked value in an exploit

Multicoin Capital-backed DeFi protocol dForce loses ~$25M total locked value in an exploit

dForce, a Multicoin Capital-backed Chinese decentralized finance (DeFi) protocol, has been exploited.  The total value locked in the dForce ecosystem was down by 100% to $6 over the past 24 hours, per DeFi Pulse data. A day ago, the total value locked in the system was $24.9 million. The Lendf.Me website, a lending platform within …

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Morgan Creek Invests in Startup Bringing Bitcoin to DeFi

Morgan Creek Invests in Startup Bringing Bitcoin to DeFi

Bitcoin advocate Anthony “Pomp” Pompliano is betting the top cryptocurrency might have more of a role to play in the emerging decentralized finance (DeFi) space. Pompliano’s Morgan Creek Digital was one of the investors in a $2.6 million seed round for Atomic Loans, a Canadian startup looking to create bitcoin-backed lending instruments. Announced Wednesday, the …

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New alliance launches to connect DeFi projects with Chicago crypto trading firms

New alliance launches to connect DeFi projects with Chicago crypto trading firms

A group of Chicago-based crypto trading shops is coming together to connect more closely with Open Finance (DeFi) projects. Volt Capital, Jump Trading, CMT Trading and DRW Trading launched today the Chicago DeFi Alliance (CDA. The organization, announced late Tuesday in a blog post, seeks to bring together the Chicago-based trading firms and DeFi projects from …

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