DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Finance

Braintrust Raises $18M to Bring DeFi-Thinking to the Gig Economy

Braintrust, a tech talent marketplace that will essentially be owned by the IT freelancers and companies using it, has raised an $18 million strategic growth round.

A new approach to the talent marketplace.

Finance

CipherTrace Outlines Regulatory Gray Zones Plaguing Booming DeFi Sector

Here's how blockchain analytics firms like CipherTrace and Elliptic are viewing DeFi and DEXs after the KuCoin hack.

Where do DEXs sit with regulators?

Markets

Why Hardnosed Bitcoiners Can Learn to Love DeFi

Stacking sats and decentralized finance are more similar economic modes than most realize.

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Tech

Record $166M Ethereum Fees Last Month Were 6 Times Bigger Than Bitcoin's

Ethereum continues to outpace Bitcoin in transaction fees, with DeFi mania helping push total fees to $166 million last month.

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Finance

DeFi Buzz Drove Record $12M Earnings This Summer, Says Ethereum Miner HIVE Blockchain

The ether miner has reported its best ever quarter, saying that surging interest in DeFi led to bumper transaction fee revenues.

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Tech

MakerDAO Adds Chainlink, Compound, Loopring as Collateral Options

MakerDAO has voted to add support for a trio of new tokens for the decentralized finance (DeFi) loans that generate DAI stablecoins.

MakerDAO

Markets

Market Wrap: Bitcoin Retests $10.8K; Total Value Locked in DeFi Hits $11B

Bitcoin price is flirting with $10,800 territory while DeFi soldiers on.

CoinDesk 20 Bitcoin Price Index

Markets

DeFi Summer; Bitcoin Fall

The attention may have been with DeFi when it was warm, but as the cold winds of COVID-19 return fears and election volatility blow, bitcoin is resuming narrative dominance.

Breakdown 9.30

Markets

First Mover: Chainlink’s Sorry September Returns Shows DeFi Hysteria Deflating

Chainlink's LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets.

September brought DeFi-related tokens (and most other cryptocurrencies) to the ground after a powerful run in August.

Finance

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

DeFi on Ethereum is costly and congested. Can other base layers step up? Polkadot's Reef Finance has raised $3.9 million to try.

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