# Ethereum-based DeFi platform DeversiFi raises M in strategic investments

# Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments

“# Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments ” DeversiFi, an Ethereum-based layer-two decentralized finance platform, has secured $5 million in strategic investments from some of crypto’s biggest venture capital firms, sending a strong signal that demand for DeFi opportunities remains strong.  DeversiFi intends to make DeFi trading more accessible, allowing users to invest,…

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# Cardano ERC-20 converter nears testnet phase

# Cardano ERC-20 converter nears testnet phase

“# Cardano ERC-20 converter nears testnet phase ” Decentralized finance on the Cardano blockchain is drawing closer to becoming a reality, with a token migration bridge soon to enter the testing phase. According to Francisco Landino, project manager at Input Output Hong Kong, or IOHK — the research and development arm responsible for Cardano — the…

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# EY invests 0 million to expand blockchain product suite, launches DeFi contract simulator

# EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator

“# EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator ” “Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications. On May 17, EY revealed its…

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# Polygon active users grow by 75,000 as DeFi boom continues

# Polygon active users grow by 75,000 as DeFi boom continues

“# Polygon active users grow by 75,000 as DeFi boom continues ” Polygon, a leading platform for Ethereum (ETH) scaling and infrastructure development, has attracted 75,000 new users over the past seven days, highlighting growing demand for layer-2 decentralized applications.  The data, courtesy of DappRadar, shows that the top 20 Polygon dapps were responsible for…

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# FATF draft guidance targets DeFi with compliance

# FATF draft guidance targets DeFi with compliance

“# FATF draft guidance targets DeFi with compliance ” The decentralized finance, or DeFi, space exploded over the last year, with a total value locked in DeFi of around $90 billion, according to DeBank. The DeFi ecosystem includes projects like Maker, Aave, Compound, Uniswap and more, with new ones rapidly emerging. DeFi is a broad…

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