Kraken Gives Up on America, Now Plans To Launch Its Own Bank
First, Kraken bows down to the SEC’s whims. Now, the leading exchange is going to take matters into its own hands.
Curve Finance Daily Stablecoin Transactions Totalled $814M
SEC May Target Coinbase Staking Next Following Kraken Fold
dForce Loses $3.65M to an Exploiter on Arbitrum and Optimism
MakerDAO Propose DAI Stablecoin Native Liquidity Market
Webacy Bags $5M Fund, Fortifying Next-gen Crypto Wallet
Over $180,000 Stolen by DeFi Exploiter from CoW Swap DEX
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Crypto News Land has been your trusted source for the latest insights, news, and updates about all things Decentralized Finance (DeFi). The emergence of cryptocurrencies starting with Bitcoin (BTC) opened our minds up to the incredible potential of encrypted funds. Now, blockchain technology, smart contracts, DApps, and new innovations have allowed us to accomplish much more with DeFi.
Ethereum introducing smart contracts allowed blockchains to deploy agreements without the presence of a third party. Now users on a blockchain platform can do more than just receive and send value. This gave rise to Decentralized Finance (DeFi) and Decentralized exchanges (DEXs) which opened borrowing, lending, and trading of value in a direct peer-to-peer (P2P) environment.
By regulating fairness and transparency DeFi protocols account for all funds on a blockchain with the added bonus of immutability. Now, options such as yield farming, liquidity pools, and P2P trading are easily found in the blockchain sector. A boom in the DeFi sector slowly led to the opportunity of on-chain governance.
DeFi opened the doors for greater opportunities for users to participate in financial services. Without much of a barrier to joining like it usually is with traditional finance (TradFi) models, the popularity of DeFi grew rapidly leading to greater blockchain adoption. Stay tuned for more exciting DeFi news on CryptoNewsLand, your trusted source for crypto news.