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DeFI News


DeFi is a big trend in blockchain technology nowadays, and it’s becoming more and more popular every month. If you are seeking the latest news related to decentralized finance technology, companies that have adopted it, and many other innovations, then you have come to the right place. Blockchain Today is providing readers with the most accurate DeFi news and not only. Subscribe to our newsletter not to miss the most interesting articles about this new technology.


Polkadot alliance

Polkadot Builds a Partnership with Chainlink

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On December 3 Polkadot informed about a new DeFi Alliance alongside a new aid plan for validators. The partnership means to beat Polkadot's decentralized nature, offering a stage for its users to discourse practicing the platform and its basic Substrate infrastructure for DeFi. Tokenized oracle...

TRON and Steemit partnership

The Integration of Tron and Steemit is Near

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This year, in February Steemit and Tron Foundation, built cooperation. Due to this partnership, TRON (TRX) will be added to the Steem environment. This means users will have the opportunity to earn TRX rewards alongside Steem Power while publishing content on the Steem blockchain. TRON is one of...

Visa to provide BTC rewards

Visa's New Credit Card will Provide Rewards in BTC

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California-based financial entity Visa will bring out a new credit card that will provide BTC rewards to holders at the beginning of 2021. This became possible due to cooperation with lending protocol BlockFi for "Bitcoin Rewards Visa Credit Card," which yearly fee is $200. Shoppers will...

Libra becomes Diem

Facebook's Libra Currency Changed its Name to Diem

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Before the suggested launch of its dollar-pegged stablecoin, the Libra Association has changed its name to the Diem Association. According to Reuters, the remodeling can be beneficial while getting regulatory verifications for the expected Diem stablecoin as it highlights the self-sufficiency of...

NYDIG raises $150 M

NYDIG Surges $150 M for Two New Funds

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NYDIG (the New York Digital Investments Group) has scored $150 M for two of its digital asset funds. Just two anonymous capitalists invested $50 M in Digital Assets Fund 1. $100 M surged for NYDIG Digital Assets Fund 2.Just two anonymous capitalists invested $50 M in Digital Assets Fund 1. $100 M...

Yearn.Finance & Sushi merge

Yearn Finance Merges with SushiSwap

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DeFi platform Yearn.Finance has informed about another merger, this one with SushiSwap, a fork of decentralized exchange Uniswap. The deal suggests joining the two protocols' resources as well as their TVL. According to DeFi Pulse, the present TVL of Yearn is around $455 M and SushiSwap's TVL is...

Curve votes 11.28.2020

Curve to Hand $3M in Fees to Governance Token Owners

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DeFi project Curve Finance voted to issue about $3 M in collected fees to the protocol's governance token owners. The decision was made on Friday after a week-lasted voting course considering the issue of managing fees. In three days the network will direct some $2,631,601.92 amount of pays to user...

Beam to build confidential defi

Chainlink-Powered Beam to Build Confidential DeFi

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The most recent crypto-asset scheme using Chainlink’s oracle solution became Mimblewimble-based privacy coin Beam. Beam is a confidential and scalable stablecoin which ERC-20 bridge uses Chainlink’s oracle supply structure. Beam supported confidential tokens back in June during the EE 5.0...

Yearn Finance Pickle Jars partnership

Yearn Finance and Pickle are Collaborating

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DeFi protocol Yearn Finance cooperates with Pickle to support yield farming and repay sufferers of the lately occurred Pickle attack as a result of which $20 M worth of Dai was lost. The creator of Yearn Andre Cronje explained that the partnership aims to lessen duplicate work, improve trades, and...

Coinbase disables margin trading

Coinbase Stops Margin Trading because of Regulatory Issues

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U.S.-based crypto trading platform Coinbase Pro informed today that clients can't do margin trading on the protocol anymore. Margin trading is the case when an investor borrows capital from an intermediary to make deals for more than they actually own. Chief Legal Officer Paul Grewal announced...

InsurAce Defi

InsurAce’s New 'DeFi Insurance' Protects Users From Attacks

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Singapore-based InsurAce surged $1 million in a seed round led by Arthur Cheong of DeFiance Capital. The number of DeFi hacks is growing noticeably, especially now that DeFi’s Total Valued Locked hits new records this year. According to Ciphertrace, hackers have targeted $100 million since...

YF LInk price doubled

YF Link Token Price Grows Twice before AMM Launch

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As the big launch of Linkswap automated market maker gets closer, the rate of the YFL governance asset grew twice. At first sight, it seems that the token is aiming to repeat the success of Yearn Finance’s YFI token as generally DeFi governance tokens don't lose their popularity. The YF Link...

Outstanding loans value

The Value of Outstanding Crypto Loans in Defi is $3 B

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Outstanding crypto loans in DeFi protocols have now surpassed $3 billion. On Aave, Compound, and MakerDAO, there is over $3 B of outstanding loans, $98.8 M of which was borrowed last week. These lending protocols are not like usual crypto loans firms. They’re networks, decentralized such that no...

Reef Finance and Kava partnership

Reef Finance and Kava Working Together on Polkadot

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Reef Finance, one of the most popular DeFi projects running on Polkadot, has informed about a collaboration with Kava. They are aiming to bring cross-chain DeFi to Polkadot. The union of the two platforms seems to be promising as Reef is a permission-less smart liquidity aggregator and yield...

Fireblocks fund

Fireblocks Surges 30M in Series B Funding

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Digital asset custody protocol Fireblocks scored $30 M in Series B funding managed by investment organization Paradigm. Among other participants were Fireblocks' present supporters. Paradigm co-creator Fred Ehrsam has entered Fireblocks' executive board. Fireblocks aims to use the fund in order to...

Binance sues Forbes

Binance Sues Forbes Journalists

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The crypto trading platform Binance has sued Forbes and two authors for issuing an article in October that the company finds defamatory. The suit, submitted in US District Court in New Jersey, claims that the article—” Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme to Evade...

Hack

Origin DeFi was hacked and lost $7 million

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Origin's decentralized finance (DeFi) protocol was hacked on November 16, lost more than $ 7M. An attacker exploited a vulnerability in the Origin stablecoin contract (OUSD) and withdrew most of the tokens. Origin stablecoin is backed by three other stablecoins: Tether (USDT), USDC from Circle and...

Idle protocol 18.11.2020

Idle Finance Protocol Raises $1.2 M

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DeFi yield optimizer Idle Finance has raised $1.2 million in seed funding. Idle is a decentralized platform that allows users to automatically manage their investments and holdings across multiple DeFi protocols, adjusting interest rate returns and capital allocation based on user risk profiles. ...

DeFi has become a new trend in the world of blockchains and cryptocurrencies. Finance is always about tracking and analyzing, no matter if it's decentralized or centralized. Now, you have an opportunity of reading about innovations of DeFi technology, how can anyone make use of it, or how various companies are trying to get from DeFi all the advantages it has. 2020 is the year of DeFi. More and more companies are starting to implement this technology into their daily flow. That's why it is becoming necessary to be aware of the technology and its modifications. Our Cryptopedia will help you find out additional information about the DeFi technical side and other details. Find Blockchain Today on social media platforms to discuss the most interesting topics with our community.