The Decentralized finance (DeFi) market has been bearish these past days, but investors were observed to be HODLing tokens, particularly Compound (COMP) tokens. Despite the decline in DeFi use, COMP made it into the top 10 purchased tokens among the 1000 biggest Ethereum (ETH) wallets in the past 24 hours. JUST IN: $COMP @compoundfinance now […]
Decentralized crypto index platform Phuture has launched its first product as the company looks to satisfy demand from investors seeking exposure to “blue-chip” DeFi assets. The Phuture DeFi Index (PDI), available on the Phuture app and Bancor pools, is designed for those who have dabbled in bitcoin and ethereum and are now looking to invest […]
The European Commission, the European Parliament, and the Council of Ministers are currently in a trialogue engagement on Transfer of Funds (TFR) and Markets in Crypto Assets (MiCA) regulations. We expect a conclusion on this within a couple of weeks. Several experts assert that adopting TFR in its current form would establish a massive financial surveillance regime […]
Solana-powered DeFi protocol Exotic Markets, officially introduced its Dual Currency Note (DCN) on the Solana blockchain. DCN has surpassed over 140K wallet users proving its technology’s potential. It also aims to bring back the interest of investors in crypto assets despite the current market bloodbath. In terms of technology, DCN is able to stand the […]
Aave total value locked (TVL) sunk to new high lows in the last week of May following negative crypto market sentiment. Aave has been a top 10 dApp with the most value locked for several years. According to Be[In]Crypto Research, it lost 39% of its TVL at the beginning of the year. On Jan 1, […]