Finance

DeFi project Pickle Finance exploited for nearly $20M in DAI

DeFi project Pickle Finance exploited for nearly $20M in DAI

Decentralized finance protocol Pickle Finance lost almost $20 million in DAI in an exploit on Saturday. Pickle Finance is a yield aggregation service similar to the yEarn protocol. The exploit on Saturday appears to involve Pickle Finance’s DAI pJar product, which leverages the Compound protocol to harvest yield with DAI deposits. Funds from the exploit …

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Hybrid Finance (HyFi): The Coming Integration of Securitize and Centrifuge

Hybrid Finance (HyFi): The Coming Integration of Securitize and Centrifuge

Quick Take Securitize is a digital securities platform and SEC-registered transfer agent that helps facilitate the full lifecycle of security tokens Centrifuge is a Berlin-based fintech company, which built a P2P Protocol that provides asset originators with access to the DeFi ecosystem Centrifuge plans to mitigate some DeFi challenges with Securitize’s DS Protocol and using …

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The Economics Behind Bitcoin Forks

A live demonstration of what tokenization means for digital finance (Sponsored Post)

There is a lot of talk and excitement about how blockchain tokenization can change the way digital transactions happen. However, so far, there is very little that any interested party can tangibly see There is a lot of talk and excitement about how blockchain tokenization can change the way digital transactions happen. However, so far, …

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Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot

Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot

As the limitations and costs of running decentralized finance (DeFi) apps on Ethereum continue to ride high, a growing list of projects are lining up on competing blockchains. Adding to this trend, Polkadot-based Reef Finance has closed a $3.9 million seed funding round for its cross-chain suite of DeFi services, the company announced Wednesday. Included …

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EU finance ministers call for restrictions on stablecoin issuers

EU finance ministers call for restrictions on stablecoin issuers

Finance ministers from major European Union members are calling for the bloc’s executive arm to put in place significant curbs on stablecoins and their issuers.  According to Reuters, officials from France, Germany, Spain, the Netherlands and Italy issued the call on the first day of an EU event being hosted in Berlin this weekend. Reuters …

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Banks-owned blockchain trade finance startup We.trade cuts 50% of its staff

Banks-owned blockchain trade finance startup We.trade cuts 50% of its staff

We.trade, the blockchain-based trade finance startup jointly owned by 12 European banks, has reportedly laid off around 50% of its staff, representing more than 12 employees. Global Trade Review (GTR) reported the news on Wednesday, citing “several sources familiar with the situation.” David McLoughlin, head of commercialization at We.trade, confirmed layoffs, without disclosing a specific …

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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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