# ‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov

# ‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov

“# ‘In the next three to five years, the DeFi industry will grow massively,’ says 1inch Network co-founder Anton Bukov ” It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders…

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# Dutch multinational ING considers entering DeFi lending industry

# Dutch multinational ING considers entering DeFi lending industry

“# Dutch multinational ING considers entering DeFi lending industry ” In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following…

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# US Senator submits resolution too allow crypto payments in US Capitol Complex

# US Senator submits resolution too allow crypto payments in US Capitol Complex

“# US Senator submits resolution too allow crypto payments in US Capitol Complex ” U.S. Republican Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol complex. The resolution, titled Adopting Cryptocurrency in…

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# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems

# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems

“# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems ” AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare. Flare claims its layer-one, or blockchain protocol improvement, technology can bring smart…

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# DeFi protocol Aave encounters major capital flight

# DeFi protocol Aave encounters major capital flight

“# DeFi protocol Aave encounters major capital flight ” Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged…

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# Crypto-to-fiat liquidity startup Xanpool raises M

# Crypto-to-fiat liquidity startup Xanpool raises $27M

“# Crypto-to-fiat liquidity startup Xanpool raises $27M ” Cryptocurrency-to-fiat infrastructure provider Xanpool continues expanding operations in the Asia Pacific (APAC) by securing fresh funding. The Hong Kong-based startup raised $27 million in a Series A funding round led by Valar Ventures, the venture capital firm co-founded by PayPal co-creator Peter Thiel. Other participating investors included…

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