Paradigm Labs Closes Down Due to Lack of Resources

On the 10th of March 2020, Liam Kovatch, the CEO of Paradigm Labs, announced the closure of the company. Paradigm Labs is a decentralized finance (DeFi) project. The company noted that the closure is because of lack of significant product-market fit and limited resources. Paradigm Labs however expressed their gratitude to their community for their support in two years of their operation. What’s Next after Paradigm Labs Closure? The DeFi  project's announcement stated that the closure will affect the broader ox…

The Kava Platform Review- A Comprehensive DeFi Cross Chain Platform

After a successful Binance IEO, Kava was launched in the last quarter of last year. Since then, the platform has been causing a fuss in the DeFi industry, and it’s projected to transform the entire crypto industry. The project aims to create the world’s first dedicated DeFi platform that will offer collateralized debt and stablecoins for all the leading crypto assets. Cosmos powers the project, which is built on the Tendermint core. Over 100+ business entities worldwide support Kava, including…

MarkerDAO Joins Simplex to Provide Dai-To-Fiat Payment Options

The leading Decentralized finance (DeFi) player, MakerDAO has recently announced a partnership with Simplex, one of the leading payment solutions providers. This announcement was according to a recent tweet by those in the know. The partnership aims to create a fiat on-ramp for MakerDAO’s stablecoin, DAI. Clients will be able to purchase DAI through their credit and debit cards thanks to a solution offered by Simplex. MakerDAO is a giant in the DeFi space. The company behind the Dai decentralized…

Charlie Lee Airs His Skepticism with Regards to DeFi

The creation of Defi is primarily focused on providing a platform that runs on blockchain and is independent of other external centralized institutions. Mainly Defi platforms are supposed to be completely decentralized, and they help complete serious tasks by leveraging smart contracts.  According to Charlie Lee, the creator of Litecoin (LTC), however, there is a high chance that centralized networks can be linked with a significant portion of Defi. Mr. Charlie suggested that it's vital for Defi to have a…

Tron’s Lack Of DeFi Apps Vibrancy Maintain’s The Edge For Ethereum

Following its inception, several market analysts believed that TRON (TRX) would be the biggest threat to the Ethereum ecosystem. That call might have been premature, for the Tron ecosystem lacks a key defining feature for Ethereum, a vibrant Decentralized Finance (DeFi) apps scene. DeFi Vibrancy DeFi is positioned as an indispensable feature for Ethereum, with the buzz in the blockchain's ecosystem affirming this. About $600 million was locked up in DeFi by 11th December 2019, already a 200% growth from…

The Ultimate Beginner’s Guide to Decentralized Finance or DeFi

DeFi, short for decentralized finance, is the latest hot trend in the crypto industry, and rightly so. An emerging market that surged from $1 billion to $13 billion in less than eight months cannot go unnoticed for too long. As you are reading this beginner’s guide to DeFi, the sector is adding more protocols, increasing value, and becoming an even more challenging rival to the traditional finance system. It may be a bit too early to bet your bottom dollar…

Beginner’s Guide to DAOs – The Next Big Evolution in Blockchain

As a malleable concept, the definition of an ‘organization’ has been redefined, altered, and modified based on the roles it has come to play. The concept has gone through an evolution of functionality. The definition of an Organization evolves as humans need change. Although it is affected by human needs evolution, every organization needs an infrastructure, a base to develop. Its decision-making process can characterize the Infrastructure of a particular organization. A ‘traditional’ organization is known to be built on…

ETH Metrics Suggest the Cryptocurrency’s Upsurge

Recently, analysts are showing bullish moves anticipation for ETH, Bitcoin, and other mainstream digital currencies. These analysts are using a metric that suggests the overall growth of Ethereum’s network in recent months. Such metrics indicate an incline in the Ethereum’s price in the future. On the 8th of January 2020, a Twitter user shared a chart showing Ethereum’s growth is on the upside. Network growth gets defined by the number of new addresses created per day. Since the top of…

Will the Upsurge of ETH Locked in DeFi Affect Its Price Positively?

The price of Ethereum experienced certain remarkable upward momentum today. It follows a long time of trading on the sideways, caused by the decline in its price to lows of $120 in the previous week. This time, the price is consolidating, and it seems to be leading to a move on the upside. In turn, the trend may support the idea that the lows of ETH in recent times will highlight a long-term bottom. Suppose the further momentum keeps holding…

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