DeFi News

United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation. During an event titled the “Opportunities and challenges of the tokenisation of finance” hosted by the Banque de France on Sept. 27, Jerome Powell said there […] More

Phuture’s Earn Product for USDC is powered by DeFi protocol Notional Finance. Users can deposit the stablecoin USDC and earn income on the assets saved in the USDC Savings Vault. Decentralised crypto platform Phuture has formally introduced its first yield earning offering via the recently announced ‘Saving Vault’ product. The first crypto asset on offer […] More

[PRESS RELEASE – Singapore, Singapore, 26th September 2022] DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges. This is a major step in DeFiChain’s mission to make DFI […] More

According to DeFi Llama, UwU Lend, a decentralized finance, or DeFi, protocol that acts as a money market on the Ethereum blockchain, has surpassed $50 million in total value locked (TVL). The non-custodial protocol was created by Michael Patryn, known by the pseudonym “Sifu,” who was the co-founder of defunct cryptocurrency exchange QuadrigaCX. UwU Lend […] More

DeFiChain’s DFI token is now live on Gate.io, making it easier for more investors to gain access to the token. DeFiChain announced on Monday, September 26th, that its DFI token has been listed on the Gate.io cryptocurrency exchange.  In a press release shared with Coinjournal, the team said this latest development is a huge advancement […] More

Key Takeaways Incoming Kraken CEO Dave Ripley says that his company does not intend to register with the SEC. He insists that Kraken does not list assets that are securities and says that it has no plans to do so. Ripley currently serves as Kraken’s COO. He will succeed Jesse Powell as CEO as announced […] More

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Chainalysis chief scientist shared his views on the Tornado Cash saga and said that the incident has left a void for illicit fund mixing services, but the real impact […] More

Key Takeaways The CFTC has filed a lawsuit against the decentralized autonomous organization behind the Ooki Protocol, Ooki DAO, for allegedly running an illegal derivatives trading platform. The lawsuit marks the first time a government agency has charged governance token holders of a decentralized non-custodial blockchain protocol for allegedly breaking the law. The case could […] More

Orbs has announced the launch of its Time-Weighted Average Price (TWAP) order protocol. Orbs says TWAP is designed to enable digital asset traders and platforms to scale the hurdles of DeFi liquidity and volatility. Orbs Unveils TWAP Protocol Orbs, a decentralized layer-3 blockchain infrastructure operated via a secure network of permissionless validators and the proof-of-stake […] More

The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on the e-HKD, as the proposed CBDC is called.  The proposed rCBDC would have a two-tier structure […] More