The European Blockchain Observatory and Forum (EUBOF) has just published a report presenting a comprehensive overview of the rapidly expanding decentralized finance (DeFi) sector. Summary The DeFi sector analyzed by the EUBOF report Expert opinion on the discrepancies between DeFi and TradFi The DeFi sector analyzed by the EUBOF report The European Blockchain Observatory and […]
The venture capital arm of Thailand’s oldest bank, Siam Commercial, said it is investing in DeFi despite recent weakness in the space. SCB 10X said it deposited an undisclosed amount into Compound Treasury, according to a report by Bloomberg. Compound offers 4% returns on deposits through its institution-grade products. It is the eighth-largest DeFi platform […]
BANGKOK, Thailand, May 26, 2022 (GLOBE NEWSWIRE) — EvryNet, a financial services platform for building centralized and decentralized applications in DeFi, has today announced a strategic merger with Velo Labs, a leading blockchain infrastructure company focused on improving international remittances. The merger brings together two organizations that share a strong product and technology synergy, and […]
Ethereum co-founder Vitalik Buterin has come out in the open criticizing the current state of the DeFi market. While analyzing the collapse of the Terra ecosystem, Buterin said that there’s no real investment in the world that can deliver 20% returns per year. The Terra implosion has triggered a major sell-off in the crypto sector, […]
It’s yet another of carnage on Satoshi Street as the broader cryptocurrency market is down by 6% led by a steep fall in the altcoin space. The Ethereum (ETH) price crash has further intensified with ETH slipping under $1,800. As of press time, ETH is trading an additional 9% down at a price of $1770. […]