Indian Exchange CoinDCX Launches DeFi Mobile App, Signaling Shift Towards Web3

Indian crypto exchange CoinDCX has launched Okto, a Decentralised Finance (DeFi) mobile app, Friday, aimed at easing the transition of crypto consumers to DeFi, co-founder Neeraj Khandelwal told CoinDesk.

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DeFi App Sells $830,000 in NFTs to Fight $10 Lawsuit Guy

The DeFi savings app PoolTogether has raised over $830,000 in five days through an NFT sale to crowdfund its legal defense against a man who deposited $10 into the protocol...

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Yield App CEO: DeFi is dead; long live DeFi

Yield App CEO Tim Frost says the slump witnessed in the decentralised finance (DeFi) token market points to the ‘death’ of DeFi. But this is actually a good thing to have happened, he notes, highlighting recent price reactions to the exit of two iconic DeFi developers from the sector as the watershed moment the industry […] The post Yield App CEO: DeFi is dead; long live DeFi appeared first on Invezz.

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You can now trade FAANG stocks on Ethereum DeFi app Synthetix

Synthetix, an Ethereum-based decentralized finance (DeFi) app, launched the full suite of its on-chain synthetic derivatives yesterday, as per an announcement. The post You can now trade FAANG stocks on Ethereum DeFi app Synthetix appeared first on CryptoSlate.

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Web-based YIELD App looks to tackle DeFi's 'inherent complexity'

YIELD App launched the public beta of its web platform Friday. Its target audience is retail investors looking for easy exposure to DeFi.

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DeFi Platform Celo Raises $20M in New Funding Round, Launches Payment App Valora

Continue reading at Coinspeaker

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WalletConnect Integrated With Ledger Live: Stage Set for DeFi on Mobile

Ledger is excited to announce that WalletConnect, an open-source protocol used to securely connect mobile wallets to decentralized applications (dApps) has now been integrated within the Ledger Live mobile app.

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ICONFi launches DeFI savings platform for iOS and Android

CryptoNinjas » ICONFi launches DeFI savings platform for iOS and Android ICONFi, a solution for staking ICON blockchain cryptocurrency, ICX, also allowing users to earn interest on other assets including BTC, ETH, and USDT, announced the launch of its mobile app on iOS and Android.

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r/Wallstreetbets vs. Wall Street: A prelude to DeFi bursting onto the scene?

Was stock trading app Robinhood the villain in the GameStop saga? “In a decentralized trading market, no one would have that power.”

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Synthetix (SNX) ‘Bellatrix’ update makes “shorting” easy for DeFi users

Yesterday saw the launch of an easy “shorting” provision for users of the DeFi app, shooting the prices of its token by 11%. The post Synthetix (SNX) ‘Bellatrix’ update makes “shorting” easy for DeFi users appeared first on CryptoSlate.

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MEW now provides access to 2000 DeFi and NFT DApps on mobile

Striving to become Ethereum’s DApp hub, MyEtherWallet users can now search for and access the entire suite of Ethereum DApps within their MEW app.

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Crypto investment app YIELD to integrate with Chainlink

CryptoNinjas » Crypto investment app YIELD to integrate with Chainlink Soon-to-be-launched DeFi platform, YIELD App, today announced that it will integrate Chainlink, the decentralized oracle provider, into its protocol to provide accurate, up-to-date, tamper-proof prices on assets offered within the platform.

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YIELD App expands its DeFi banking solution to Avalanche blockchain

YIELD App, an app and web platform that enables users to earn high returns from DeFi products, today announced its expansion to Avalanche, an open-source platform for launching decentralized finance applications and enterprise blockchain deployments.

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DeFi assets DAI and WBTC added to the BitPay Wallet app

BitPay, a provider of bitcoin and cryptocurrency payment services, today announced the integration of WalletConnect into the BitPay Wallet app. BitPay Wallet app users have direct access to the decentralized exchange, decentralized games, and all that the evolving Decentralized Finance (DeFi) space has to offer.

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Maps.me Raises $50 Million Funding Led by Alameda Research

Offline mapping app Maps. me has raised $50 million in a funding round led by quantitative trading firm Alameda Research. The funding was launched with the goal of creating a DeFi ecosystem within the map app.

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Offline Travel App Maps.Me Raises $50M in Seed Funding Led by Alameda Research

The funding will go toward the launch of a multi-currency wallet on Maps.me and enable a decentralized finance (DeFi) ecosystem.

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Offline Travel App Maps.Me Raises $50M in Funding Round Led by Alameda Research

The funding will go toward the launch of a multi-currency wallet on Maps.me, enabling decentralized finance (DeFi) features for 140 million users.

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Drag & drop DeFi strategy app Furucombo raises $1.85M in seed funding

Furucombo, a drag and drop tool built for end-users to optimize their DeFi strategy, announced today it has raised $1.85 million in seed funding. Backers include: SevenX Ventures, Defiance Capital, 1kx, Multicoin Capital, DeFi Capital, BTC12 Capital, Stani Kulechov, Ronald Yu, amongst many others Funds raised will be used to expand its core team and […] CryptoNinjas » Drag & drop DeFi strategy app Furucombo raises $1.85M in seed funding

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DeFi Money Lego App Furucombo Lands $1.85M Investment Ahead of Token Launch

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DeFi App Growth Boosts Total Transactions On DApp Blockchains By $4.5B In Q2 2020: DAppRadar Report

In a report by DApp Radar, the total transactional volume on DApps touched the $12 billion mark in Q2 2020, representing a $4. 5 billion increase from Q1 2020. Ethereum (ETH) continues to dominate the decentralized application (DApp) industry attracting a value of $11 billion across Q2 2020.

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A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App

Ethereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks. The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1. 65 billion, 65% higher than this metric was just 12 days ago.

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Betting against Compound? This DeFi app just made it possible with COMP options

Compound’s (COMP) meteoric rise is equal parts FOMO and illiquid price pushing, with industry observers drawing parallels with the infamous ICO boom of 2017. The post Betting against Compound? This DeFi app just made it possible with COMP options appeared first on CryptoSlate.

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DeFi’ing the Odds; Celsius Network Reports Over $1 Billion Cryptocurrency Deposits

In a press release issued on June 4, 2020, decentralized finance (DeFi) platform crypto interest-earning platform Celsius Network announced that it had surpassed over $1 billion in total cryptocurrency deposits in less than two years after launch its mobile app.

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Celsius CEO: Catering to ‘The 1%’ Was Not the Plan

Despite Celsius surpassing 50k BTC in user deposits, the DeFi app’s CEO is unhappy with the high percentage wealth investors compared to ordinary users on the platform

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DeFi App Hits ‘Pause’ Button After Losing $25m in Funds, Despite ‘Decentralization’

Another decentralized finance (DeFi) platform temporarily hit the pause button due to an attack. $25M was drained from the smart contract. Hacks and exploits in the world of decentralized finance (DeFi) seem to be increasingly more common.

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A DeFi App Was Just Hacked for Over $300,000 in Ethereum & Bitcoin

There’s no doubt that decentralized finance (DeFi) has been central to the Ethereum ecosystem over the past year. But unfortunately, this use for the second-largest blockchain by its underlying crypto’s market capitalization doesn’t come without its own set of flaws.

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Bitcoin and DeFi could benefit from each other; can ETH maintain the balance?

Even though the Decentralized Finance [DeFi] application has been looked upon as the "killer app" for Etheruem, they have been noting several problems. In 2019, Ethereum incubator, Consensys had claimThe post Bitcoin and DeFi could benefit from each other; can ETH maintain the balance? appeared first on AMBCrypto.

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TRON (TRX) Gets Integrated Into DeFi App Metal Pay (MTL)

Metal Pay (MTL) a United States-based peer-to-peer (P2P) platform that enables users to easily send fiat or cryptocurrency payments between one another has inked a partnership deal with Justin Sun’s TRON, the blockchain project in charge of the TRX altcoin.

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Coinbase Wallet Users Can Now Earn Interest From DeFi DApps Directly In The App

The Coinbase Wallet has just integrated with decentralized finance (DeFi) apps in order to allow its users to lend crypto assets and track the growth of their interest straight from the wallet app. As an announcement made by Coinbase on Wednesday says, Coinbase Wallet users are already putting millions into DeFi platforms through the wallet’s […]

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Cross-chain DeFi app Kava integrates decentralized oracles from Band Protocol

Band Protocol, a data oracle platform building a data layer of the Web 3. 0, announced today it will be integrated into Kava, a recently launched, full feature DeFi platform powered by Cosmos. Kava’s price feed module has successfully integrated data from Band Protocol.

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Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.

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DeFi Apps Represent 24/7 Multi-Million Dollar Hacker Honeypots

A recent smart contract exploit resulted in the loss of 1,193 ETH. The incident has prompted questioning of the security of the rapidly evolving DeFi sector. Over the weekend, the exploitation of a smart contract vulnerability forced developers at Ethereum-based app Fulcrum to partially disable its smart contract.

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DeFi App Celsius Partners With Simplex to Integrate Fiat Onramp To Buy Crypto Direct

The UK-based crypto lending firm Celsius Network has just closed a partnership with Simplex so that it can offer in-app crypto purchases, an announcement from February 18 says. More and more crypto business from all over the world are trying to integrate into their operations the fiat onramp options for their customers to jump into […]

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Crypto Hacker Hits BZX DeFi App Again Stealing $635,000 in Ethereum (ETH)

The DeFi app bZx suffers the second hack in a row, now losing 2,378 in Ethereum (ETH)

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PoolTogether DeFi App Announces $1M Investment After No-Loss Lottery Payout Tops $1K

PoolTogether is announcing a $1.05 million investment round as it adds a USDC pool to its DeFi-powered "no-loss lottery."

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Interest accumulating iTokens added to Eidoo’s DeFi Exchange portal

bZx, a decentralized margin lending and liquidity protocol featuring native interest-bearing iTokens, are now available on Eidoo’s recently launched DeFi Exchange. Built-in on Eidoo’s wallet app, the DeFi Exchange is for trading, lending, and interacting with DeFi tokens.

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DeFi is Blockchain’s Killer App

Decentralized finance (DeFi) is positioned to unite fragmented ecosystems and unlock billions of dollars in idle potential, ushering in another era of crypto innovation. The Promises of the Revolution Blockchain and cryptocurrencies brought promises of a new, decentralized, utopian world free from central banks, government, and censorship.

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Tron Surpasses EOS for Active Dapps, But Ethereum’s DeFi Still Dominates

Although still a long way behind any leading centralised application, 2019 saw the entire decentralised app ecosystem expand. There are numerous different networks that developers can build these so-called Dapps on but three have emerged as by far the most popular: Ethereum, Tron, and EOS.

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MakerDAO’s CDP Portal the first DeFi app integrated on MyEtherWallet

MakerDAO’s CDP Portal the first DeFi app integrated on MyEtherWallet - CryptoNinjas Ethereum network interface and wallet, MyEtherWallet (MEW), has today introduced DeFi apps (decentralized finance applications) to its platform with the integration of the CDP (Collateralized Debt Position) portal from MakerDAO.

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CRED: The DeFi App That is Disrupting Lending

Coinspeaker CRED: The DeFi App That is Disrupting LendingCred, a decentralized lending ecosystem that facilitates access to credit using cryptos as collateral, is set to disrupt the traditional lending market.CRED: The DeFi App That is Disrupting Lending

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DeFi Pioneer Compound Partners With Coinbase Wallet, Zerion for V2 Launch

For its Version 2 launch, crypto interest app Compound has partnerships with Coinbase Wallet, Zerion and a bridge to fellow DeFi leader Uniswap.

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Alkemi Offers DeFi Interest App With a Liquidity Pool of $16 Million USD

Alkemi, a new kind of decentralized finance (DeFi) company, has a new plan. The company wants to offer people more liquidity by offering them interest on their tokens. The company, which is a part of the TechStars Blockchain Accelerator, unveiled the new liquidity pool of $16 million USD today. The CEO of Alkemi, Ryan Breen, […]

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Why Vitalik Buterin thinks Ethereum and DeFi will disrupt finance

Vitalik Buterin asserted that finance is likely the first sector that will be disrupted by blockchain. The advent of decentralized finance (DeFi)—with projects such as MakerDAO, Augur, Uniswap, and Etherisc—has the potential to disrupt the “insanely inefficient” sector.

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