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” Finance Redefined: UK government explores DeFi with a focus on staking and lending “ Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week. This past week, the DeFi ecosystem got recognition from the United Kingdom…
” Former head of TikTok gaming leaves Web2 to build core Web3 protocol “ Cointelegraph had the opportunity to chat with Jason Fung, former head of gaming at TikTok, about his new company Meta0, why he decided to make the leap into Web3 and what he feels the future has in store for him. The…
” Fairfax County highlights the value in the ‘short-term nature’ of yield farming “ Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming. As previously reported, global asset managers VanEck announced that the Fairfax employees’ and…
” Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more “ A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged…
” Aave to launch overcollateralized stablecoin called GHO “ Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval. The announcement was made by Aave Companies — the centralized entity supporting the Aave protocol on its Twitter page on July 7, stating: “We have…
” Controversial mixer Tornado Cash open-sources UI code “ Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency. Tornado Cash Classic UI became fully open-sourced on Thursday, the protocol’s anonymous developers announced in a Medium blog post….
” DeFi protocol Porter Finance shuts down bond issuance platform after just one month “ Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said: “Looking forward, we are not confident there will…
” Virginia county Fairfax commits $35M to Van Eck crypto lending fund “ Virginia county Fairfax has begun investing a portion of a $35 million allotment into a cryptocurrency lending fund managed by global asset managers VanEck. The firm announced that it had received an initial tranche of the investment commitment from Fairfax County, which…
” Liquid markets are healthy markets, says Kairon Labs co-founder “ Market maker Kairon Labs have been working with projects such as StepApp (FitFi) and Ergo, providing liquidity on over 30 exchanges. Kairon Labs and most other market makers agree that “liquid markets are healthy markets,” as when the markets are liquid, it allows for…
” Multichain adds Rootstock to its blockchain bridge ecosystem “ Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD) and other assets between RSK, Ethereum and BNB Chain. According…