CEO Jack Dorsey announced that his mobile payments company Square has created a new division dedicated to decentralized finance (DeFi) on Bitcoin. For now, Dorsey is referring to the new Square Bitcoin …
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Compound Finance has announced a treasury product for businesses and institutions
The DeFi lending pioneer made the announcement in a blog post on June 29, adding that the new Compound Treasury has been designed for non-crypto native businesses and financial institutions to access the benefits …
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A16z to tap Deutsche Telekom subsidiary as Celo validator
The United States-based venture capital fund Andreessen Horowitz (a16z) has picked T-Systems MMS validator group, a subsidiary of Deutsche Telekom, to delegate its native Celo (CELO) assets. According to a notice on Deutsche …
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Polygon, Solana, and DeFi on Grayscale’s radar
Grayscale is exploring 13 new cryptocurrencies as tentative investment offerings, including Polygon and Solana’s native tokens. Grayscale is weighing up adding a new list of assets to its range of products. The …
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Hardware wallet Ledger integrates DeFi for enhanced liquidity
Hardware wallet Ledger recently announced that users will soon be able to access DeFi markets directly through Ledger Live, its trading app, through ParaSwap. Ledger makes hardware wallets that allow users to …
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Cardano (ADA) to allow users create and execute P2P financial agreements
In a blog post that begins by relating flawed experiences with traditional financial services, IOHK announced they are developing Marlowe. In creating this decentralized finance (DeFi) project, they seek to democratize …
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Cosmos DeFi To Heat Up With Launch Of Persistence
The idea of DeFi as a segment dominated by Ethereum is rapidly becoming an outdated concept. Binance Smart Chain, Polkadot, and Cosmos are all nurturing burgeoning DeFi ecosystems of their …
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The Federal Reserve Bank says DeFi has sparked a “wave of innovation”
The Federal Reserve Bank of St. Louis says decentralized finance (DeFi) has “unleashed a wave of innovation” that could create a more transparent financial infrastructure in the future. DeFi is …
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EOS Price Rises 100% After Offer To Increase Staking Rewards
As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user …
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Aave V2 Launches Liquidity Mining Program Targeting Stablecoin Borrowers
Aave has launched liquidity mining incentives for its v2 protocol, paying out governance token rewards exceeding 20% to users who borrow stablecoins. At the time of writing, users who deposit …
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