Category: Defi

The first tokenized security of the protocol was just launched on Coinbase’s scalability layer Base. Decentralized finance (DeFi) startup Backed.fi announced today that it has issued the first tokenized security on Base – bIB01, a tokenized short-term US treasury bond...

Photo by Tingey Injury Law Firm on Unsplash Legal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed.  Mike Wawszczak, a legal analyst, revealed that the judge...

Tokenized versions of Bitcoin keep winning over new holders of the queen cryptocurrency. Indeed, the value of bitcoins evolving on the Ethereum network has just passed one billion dollars, following an 89% increase in the number of BTC tokenized since September 1. In total, more...

Key Takeaways: DeFi platform BarnBridge has reportedly come under investigation by the Securities and Exchange Commission News of the SEC’s possible clampdown came from the legal BarnBridge DAO’s legal team BOND, the native token of BarnBrdige, tanked following the news...

Decentralized finance project Yield Protocol said all borrowing and lending operations would end by Dec. 31, 2023. Yield Protocol, which raised $10 million backed by Paradigm, Framework Ventures, and other venture capitalists, is the latest defi project to shutdown. In...

Source: A video screenshot, Youtube/Entrepreneur ME Binance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run.  On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that...

Last week, Uniswap unveiled its governance token, UNI. Presented as a way to decentralize the protocol, it would appear that the distribution is not as decentralized as advertised. Escrow period in question Last week, Uniswap launched its governance token the UNI. In total,...

Justin Sun rug-pulled his employees? Huobi bankruptcy FUD continues Key Takeaways: What’s Justin Sun’s obsession with TUSD? The list of Tron CEO’s troubles with the law continues. Tron lender JustLend smells a lot like FTX now. YEREVAN (CoinChapter.com) – The...

Large-scale pump and dump from whales caused the OX token price to plummet by 50% momentarily before rising back again.  On Monday, Oct. 2, Open Exchange Token (OX) suddenly went down by 50%, from 0.013 to 0.0092, in a matter...

Image Source: dydx Popular decentralized exchange dydx has received unanimous approval from its community to transition to version 4 and adopt the DYDX token as the Layer 1 token for its upcoming blockchain.  The vote, which took place on the Snapshot platform and concluded...