Is ‘smart money’ that smart? Top 5 DeFi wallets have unrealized losses

In finance, ‘smart money’ typically refers to institutional or professional investors presumed to possess greater market knowledge and resources. However, an intriguing pattern emerges when examining the top holders across major DeFi platforms.

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Binance Rolls Out $100M Fund to Bring DeFi Developers to its Smart Chain (BSC) Platform

Binance announced a $100 million development grant in a bid to entice DeFi developers to build on its newly-launched smart contract platform, Binance Smart Chain (BSC). CEO Changpeng ‘CZ’ Zhao made the announcement during the company’s World DeFi Summit this Thursday, stating the platform will provide ‘a bridge’ between the centralized and decentralized worlds of […] The post Binance Rolls Out 0M Fund to Bring DeFi Developers to its Smart Chain (BSC) Platform first appeared on BitcoinExchangeGuide.

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Binance Launching $100M Fund to Support DeFi Projects on Binance Smart Chain

Coinspeaker Binance Launching $100M Fund to Support DeFi Projects on Binance Smart ChainThe ultimate goal of the fund is to bridge CeFi and DeFi in the Binance ecosystem. The exchange aims to show how to ensure integration between DeFi and CeFi to offer the best of both worlds.

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Binance announces $100 million fund for devs to build on Binance Smart Chains 

CEO and founder of leading crypto exchange Binance, Changpeng Zhao (CZ) announced in 'The World of DeFi' broadcast that the exchange would offer $100 million worth of seed funding to developers who waThe post Binance announces $100 million fund for devs to build on Binance Smart Chains  appeared first on AMBCrypto.

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Binance’s New Platform Will Connect CeFi and DeFi With $100M Fund

The global cryptocurrency exchange giant is putting up $100 million to support DeFi projects on Binance Smart Chain (BSC).

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Binance Adds More Value to BNB through Yield Farming on Launchpool Platform

Centralized cryptocurrency exchanges, OKEx, and Binance, are now jumping on the bandwagon of yield farming, the hottest thing in the DeFi. After launching the mainnet of its smart contract-enabled blockchain and an AMM called Binance Liquid Swap recently, popular crypto exchange Binance released Launchpool to take advantage of the leading DeFi growth driver.

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DeFi Project Xfinance(XFI) ILO Presale Scheduled for Sept 10th

DeFi project – Xfinance announced they will cooperate with LID Protocol and launch XFI ILO presale on the LID presale Dapp, launch date scheduled for September 10th. LID Protocol solves the issue of Uniswap exit scamming by using standardized non-custodial presale smart contracts that lock liquidity.

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Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts

Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools.

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Vitalik Buterin Floats EIP 2929 to Tackle Rising Ethereum Gas Fess

Vitalik Buterin the co-founder of the Ethereum smart contracts blockchain has introduced the Ethereum Improvement Proposal (EIP) 2929 as a possible solution to the rising gas fees of the network. Buterin Focuses on Gas Fees Reduction  As the world of decentralized finance (DeFi) continues to expand, transaction fees (gas fees) on Ethereum, the engine roomRead MoreRead More.

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Nearly $1B wiped off DeFi TVL amid crypto market sell-off

Value locked in DeFi smart contracts is now around $8.6 billion, down from $9.5...

The post Nearly $1B wiped off DeFi TVL amid crypto market sell-off appeared first on Coin Journal.

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Ethereum Contract Calls Set New All-Time High Amid DeFi Explosion

With the flurry of activity in the decentralized finance (DeFi) space, the number of Ethereum (ETH) contract calls continues to increase. As numerous DeFi projects emerge weekly, dry-runs and tests on smart contracts are increasing as developers work out bugs.

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Почему DeFi проекты стали так популярны?

Взрывной рост ниши децентрализованных финансов вызван жадностью инвесторов, вдобавок этот процесс абсолютно никак не контролируется. Такое заявление сделал создатель проекта Yield. finance YFI Андре Кронье на мероприятии Smart Contract Summit 2020.

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Top Crypto Exchange Rolls Out Binance Smart Chain To Boost Development In The DeFi Space

In an announcement on Sept. 1, Binance announced the launch of its mainnet smart-contract building platform, Binance Smart Chain, to provide DeFi platform building capabilities on its blockchain – Binance Chain.

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Binance Smart Chain Goes Live Supporting Smart Contracts for DeFi

Coinspeaker Binance Smart Chain Goes Live Supporting Smart Contracts for DeFiThe Binance Smart Chain promotes interoperability and programmability with the Binance Chain while enabling smart contracts on the platform.

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Binance Targets Ethereum With ‘Smart Chain’ and DeFi Platform

Binance has unveiled a new blockchain and a raft of DeFi products to take aim at the industry-standard Ethereum, which has been suffering under heavy loads and all-time high fees. It has become painfully clear for anyone that has made a transaction on Ethereum lately that it’s become financially unviable for smaller amounts.

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DeFi Review: What Is Nexus Mutual? Introduction to NXM

Nexus Mutual's so-called “Smart Contract Cover” would provide users an extra level of safety for events like the DAO hack in 2016.

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IDEX Undergoes Smart Contract Audit Instead of Riding the “Test in Prod” Narrative

IDEX, a decentralized exchange, will use crypto firm Quantstamp to audit its smart contracts. It comes at a time when most DeFi projects are launching without strict audits. A DeFi alternative to CEXs In a release, IDEX said the launch of its upgrade, the IDEX 2.

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A new Polkadot to Ethereum bridge could enable cross-chain DeFi composability

Smart contracts on Ethereum will be able to directly interact with Polkadot.

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Minereum to offer up to 50% crypto bond yield for investors

Minereum recently launched a new crypto bond to its community that ensures investors get up to 50% yield annually. Minereum, the first self-mining smart contract, launched this new offer in the Defi space, where traditional bonds – considered to be among the safest securities – will no longer be dependent on centralized issuers such as banks, municipalities, but pioneered by indubitable software code.

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yEarn Finance Is Officially the Youngest DeFi Billionaire

yEarn Finance joins Aave, Maker, Curve, and Compound as DeFi protocols with $1 billion of assets locked in their smart contracts. The protocol's token, YFI, has been on a tear lately, doubling its market cap from two weeks ago.

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Elrond (ERD) to Integrate DIA Oracles to Access Secure Off-Chain and Cross-Chain Data

Sharded smart contracts execution platform Elrond (ERD) to integrate DIA oracles to access off-chain and cross-chain data. Elrond Taps DIA for Oracle Needs In an announcement made today, Elrond CEO, Beniamin Mincu stated that the scalable blockchain protocol’s DeFi products and smart contracts will use DIA oracles to fetch off-chain and cross-chain data.

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Algorand Smart Contract Upgrades Push The Network Into the DeFi Space; ALGO Jumps Over 20%

Algorand Foundation, a non-profit organization developing the Algorand blockchain, is dipping its toes in the decentralized finance (DeFi) ecosystem through the launch of upgraded smart contract functionalities.

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The CEO of Band Protocol on integrating with Binance’s Smart Chain, profitability, and future plans

Integrating Band Protocol’s oracle with Binance Smart Chain has opened a new door for the DeFi industry. The post The CEO of Band Protocol on integrating with Binance’s Smart Chain, profitability, and future plans appeared first on CryptoSlate.

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Algorand Readies On-Chain Smart Contracts as the Summer of DeFi Rolls On

The "stateful" smart contracts are a watershed for DeFi projects, Algorand claimed.

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Cryptocurrency News Roundup for August 18, 2020

Since the start of 2020, the net worth of assets locked in DeFi smart contracts have increased nearly 10x from $680 million to more than $6 billion. BeInCrypto covered it in-depth here, in case you missed it earlier.

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Qtum Foundation Opens Up A $1 Million DeFi Fund to Lure App Developers Away From Rival Ethereum

Qtum Foundation announced on Monday that it would rolling out a DeFi fund worth $1 million as part of its effort to accelerate on-chain development within its smart contract ecosystem. The company’s founder, Peter Dai, further highlighted that the fund could be bootstrapped up to $5 million depending on the underlying needs of the Qtum […]

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Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over.

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Yam Finance Developers Share Details on YAM Migration Plans

Yam Finance, a DeFi protocol that imploded due to an inherent smart contract bug is set to make a safer return. Yam 2. 0 Incoming Yield farming is the talk of the town in the crypto industry and several up and coming protocols are looking to tap this burgeoning space by luring “yield farmers” with attractiveRead MoreRead More.

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Newest DAO Project Was Thrown a Curve, but the Team Is Rolling With It Anyway

An anonymous DeFi user deployed Curve Finance’s DAO and token smart contracts without the team’s permission, but the Curve team is adopting it anyway.

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Binance-Backed Swipe Partners with Kava to Foster USDX DeFi Ecosystem

Swipe, a crypto-processor enabling users to spend digital assets like they would fiat money in real-time, on Aug 13 announced their partnership with Kava — a multi-asset open finance platform. The deal that will see the processor help grow the USDX DeFi ecosystem ahead of their planned move to the Binance Smart Chain where theyRead MoreRead More.

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Tron and Waves Aim to Reach Mass-adoption of Inter-chain DeFi via Gravity

Coinspeaker Tron and Waves Aim to Reach Mass-adoption of Inter-chain DeFi via GravityTogether, Waves and TRON are using Gravity to connect their respective blockchains' smart contract languages: Ride and Solidity.

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Ethereum Transaction Fees Are Going Parabolic as DeFi Continues Ascent

Ethereum transaction fees have continued to surge as decentralized finance (DeFi) has continued its ascent to the crypto mainstream. Fees are getting so high that there are many starting to assert that solutions are necessary, lest Ethereum loses market share to other smart contract blockchains by crowding out a retail audience. Related Reading: “Rich Dad Poor […]

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DeFi Is DeadFish? Decentralized Finance Parody Launches on Ardor Blockchain

Decentralized finance (defi) is escaping the Ethereum ecosystem that birthed it and permeating other crypto networks. From TRON to Polkadot and Cosmos to Tezos, smart contract chains are embracing the gospel of defi and the chance of redemption and relevancy it promises.

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SEC hunts for a smart contract analysis tool to strengthen its enforcement

With DeFi becoming more popular, the SEC wants to monitor the rapidly growing industry... The post SEC hunts for a smart contract analysis tool to strengthen its enforcement appeared first on Coin Journal.

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Ethereum Gas Fees Dips Amid Easing Network Congestion

The smart contract platform’s gas fees finally seem to be dipping as network congestion shows signs of easing. Ethereum Network Congestion Easing The months of June and July witnessed unprecedented transaction activity on the Ethereum (ETH) network, buoyed by the astronomical rise in popularity of decentralized finance (DeFi) protocols such as Uniswap, Aave, Compound, andRead MoreRead More.

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SEC Seeks ‘DLT Smart Contract Analysis Tool’ As DeFi Becomes A Key Focus Point On Compliance

The latest solicitation from the SEC comes at a time the decentralized finance (DeFi) industry is booming, and the forensic tool will be vital in assisting the commission to monitor risk, security issues on these platforms, and improve compliance of these projects.

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SEC Seeking ‘Smart Contract’ Tracing Tool That Can Spot Security Vulnerabilities

The federal securities watchdog has taken an interest in DeFi's most basic building block.

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Swipe launches new Defi app and governance token for the Binance chain

Swipe, a digital asset wallet and debit card platform, has just announced that it will soon be launching a decentralized lending and borrowing application on the Binance smart chain platform.

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Blockstack CEO Says Bitcoin Is a Better DeFi Solution Than Most Think

Bitcoin a secure cryptocurrency, whereas Ethereum has been a “frontrunner” when it comes to smart contracts.

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Over 20,000 Bitcoin Now on Ethereum, 20x the Amount in the Lightning Network

Highlighting the increasing utility of Ethereum and the position of DeFi, the number of BTC on the pioneer smart contracting platform continues to swell. On July 31, 2020, there were 20,309 BTC ($227.

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ETH Network Turns 5, Vitalik Buterin Warns DeFi Users Are ‘Underestimating Smart Contract Risk’

Coinspeaker ETH Network Turns 5, Vitalik Buterin Warns DeFi Users Are ‘Underestimating Smart Contract Risk’Ethereum went live five years ago changing the entire blockchain and crypto sector with developers envisioning a new form of money and social interactions and it has so far revolutionized the nascent industry.

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Ethereum’s Vitalik Buterin Says DeFi Users are Underestimating Risks

Ethereum co-founder Vitalik Buterin believes DeFi investors are underestimating smart contract risks on platforms locking billions of dollars these days, he said on a podcast this week. “DeFi is Fine, But Don’t Put Your Life Savings” In an interview marking Ethereum’s fifth birthday (it launched July 2015), Buterin said most DeFi players were not fullyRead MoreRead More.

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Soaring DeFi Usage Drives Ethereum Contract Calls to New Record

Coin Metrics reported the daily number of smart contract calls on Ethereum jumped to 3.11 million – a new record.

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Binance Smart Chain Integrates Chainlink Oracles to Improve DeFi

Coinspeaker Binance Smart Chain Integrates Chainlink Oracles to Improve DeFiBinance has added Chainlink oracles to its Binance Smart Chain platform as it makes DeFi setup much easier for developers.

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Binance Smart Chain Adds Chainlink Oracles for Better DeFi

Binance Smart Chain will integrate Chainlink data oracles to add usability to its blockchain, in particular, in the burgeoning DeFi space.

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Chainlink Integration Brings Data Feeds to Binance’s DeFi Project

Binance is building out a DeFi platform with its Smart Chain protocol and has integrated Chainlink as a pricing solution.

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Bancor’s Bug Exposes Dangerously Common Practice in Ethereum DeFi

Many DeFi smart contracts can withdraw unlimited amounts of money from user wallets, potentially spelling disaster.

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DeFi Growth Correlation with Bitcoin (BTC) and Ethereum (ETH) Price Explained by Top Analysts

Decentralized financial instruments, or DeFi, may be the next big thing in the cryptocurrency realm. Traders are guessing whether investing in DeFi assets is a smart bet

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Who’s Afraid of Ethereum? The Top 12 Smart Contract Platforms

Smart contract platforms now allow anyone to design programmable finance and apply them to a myriad of new use cases. For example, the decentralized finance (DeFi) movement, as well as... The post Who’s Afraid of Ethereum? The Top 12 Smart Contract Platforms appeared first on Crypto Briefing.

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