Grayscale Investments Announces Exploration of New Crypto Investment Trusts

Leading digital-asset investment firm Grayscale Investments has announced that it is considering several crypto-assets for potential product offerings. This, according to the firm, is part of its aims to diversify its current product portfolio.  23 Cryptocurrencies Under Consideration Grayscale revealed this latest development in a press release on February 26, 2021. According to the report, the firm is currently exploring 23 crypto-assets to expand its current investment products for its clients.  Several top cryptocurrencies are included, including smart contract-based platforms…

The Total Value Locked (TVL) in DeFi Protocols Hits Record $27 Billion

The crypto space has been vibrant in the past 24 hours, with the recent pump of Dogecoin on everyone's lips. However, one sector that has gone below the radar is the DeFi sector, which has experienced a bullish increase.  At the time of writing, the total locked-In value in DeFi protocol has hit a record $27 billion. Looking at the data from DeFi Pulse, over $2billion was added into DeFi protocols 24 hours. The recent surge in the value of…

Crypto Market Recovers as Doge and Aave Make Big Gains

After a few days of bearish trend, the crypto market has rebounded in the past 24 hours of trading.  This upsurge in price movement sees most of the top coins trading in green with a few in double digits profits. Bitcoin recovers towards $32,000 Bitcoin has not enjoyed the best of weeks as the leading coin is on a bearish trend. The price of BTC has struggled to make significant gains since it surpassed the $40,000 mark two weeks ago.…

The Future of Banks Lies in DeFi, Says OCC Chief

Brian Brooks, the Comptroller of the United States Currency believes that decentralized finance (DeFi) could determine the future of banks.  According to him, DeFi will eventually redefine the banking system provided that adequate regulations are put in place. DeFi Could Change the Banking Sector Brian Brooks the current director of the Office of the Comptroller of the Currency (OCC) revealed his thoughts in an opinion piece published for the Financial Times.  According to Brooks, licenses from national banks could one…

Aave Protocol Handovers Admin Keys to Governance

Taking another step in decentralization, Aave Protocol has just announced the handover of admin keys to governance. With this announcement, the Aave team will give up the control of admin keys - giving ownership of the LendingPoolAddressProvider & TokenDistributor contract to the Aave Governance. Enabling governance in the hands of token holders Earlier this year, the protocol went live on Ethereum Mainnet, putting the governance in the hands of its native token (LEND) holders. Shortly after this announcement, the token…

Aave Protocol Raises $25m From Investors to Develop DeFi Products

Aave protocol has raised $25 million from investors as it seeks to continue developing DeFi projects. Funds were raised from three investment firms. Aave revealed on Twitter that the DeFi protocol had successfully secured funding from three firms. Blockchain.com Ventures, Blockchain Capital, and Standard Crypto were the firms that partook in the latest funding round, which raised $25million. Blockchain.com ventures are the investment body of popular crypto wallet provider Blockchain.com, and its investment in Aave shows the potentials within the DeFi…

A Complete Guide to Crypto Lending DeFi Platforms

Traditional currency and banking systems feature several downsides as far as transacting are concerned. Cryptocurrencies present a decentralized alternative to deal with issues surrounding the two options. The introduction of DeFi was a step further in pushing the mass adoption of blockchain technology and digital currencies.  DeFi lending is on the same track, trying to bridge the void between traditional banking and all users globally, without intermediaries. Now, lenders and investors can deposit, loan out, or borrow currencies in or…

A Complete Guide on How to Farm Yields (Yield farming)

Every crypto user, including the beginner, has met with the word DeFi, an acronym for Decentralized Finance. DeFi consists of an ecosystem of Financial applications developed on top of blockchains. DeFi introduces investors' aspect, making returns on the value of their assets through yield farming markets. Yield farming, also known as liquidity mining, is where crypto holders lend cryptocurrencies and get fees and interests as returns in the process. Just like when an individual deposits some amount into the bank's…

Newest Additions to the Top 100 Coins by Market Cap in Q2 2020

The Innovation Uprise Since the start of 2020, some major moves in the cryptocurrency space have highlighted its stride to maturity. Bitcoin seems to be stabilizing. Ethereum seems to be improving by the day. Several countries have initiated cryptocurrency regulation, increasing interest due to people staying at home during the pandemic. The race to the top is on-going 24/7 because the crypto market never sleeps. The competition is cut-throat, and new alternatives keep popping up every other day. That’s why…

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