Decentralized Finance

CoinGecko CEO: ‘Hard for CoinMarketCap to Stay Neutral’

Source Node: https://cointelegraph.com/news/coingecko-ceo-hard-for-coinmarketcap-to-stay-neutral
Time Stamp: April 7, 2020 1:57 AM - Modified On: May 21, 2021 - Published By:
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Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out.Bobby Ong, Co-founder and Chief Executive Officer (CEO) of CoinGecko, gave an interview to My Two Gwei on April 6. Among the topics discussed was the crypto data website’s $400 million acquisition and the role it may play in the future. Ong highlighted his company to “uphold data integrity” in the face of “many new exchanges… faking their volume.” One of

Poloniex Creates Tron-Only Platform, LaunchBase to Enter IEO Space

Source Node: https://insidebitcoins.com/news/poloniex-creates-tron-only-platform-launchbase-to-enter-ieo-space/256636
Time Stamp: April 6, 2020 3:21 AM - Modified On: May 21, 2021 - Published By:
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On the 5th of April, 2020, the crypto exchange Poloniex had revealed its new initial exchange offering (IEO) platform, powered through Tron (TRX).The Many StipulationsProjects aiming to do their IEOs through the new platform have to adhere to a stipulation that one would expect from Tron’s exchange: The issuing of tokens must be done in exchange for TRX and will be done on a first-come, first-serve basis.The company was quick to state that partner projects, besides needing to agree to raise the money through TRX. Projects are further mandated to

Poloniex Enters Controversial IEO Space With Tron-Only Platform

Source Node: https://cointelegraph.com/news/poloniex-enters-controversial-ieo-space-with-tron-only-platform
Time Stamp: April 6, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Poloniex revealed its forthcoming Tron (TRX)-powered initial exchange offering (IEO) platform on April 5.Projects seeking to conduct their offerings on Poloniex’s LaunchBase platform face the stipulation of issuing tokens in exchange for TRX, and will be considered on a “first-come, first-serve” basis.Poloniex announces Tron-powered IEO platformPoloniex asserts that LaunchBase is intended “to help quality blockchain projects grow and further develop their ecosystem,” stating that it will “offer professional advice and guidance” to assist partner projects.In addition to agreeing to raise funds in TRX, partner projects will be subject to “eligibility

1.1 Million In USDC Invested Into Uniswap and PoolTogether By Coinbase

Source Node: https://insidebitcoins.com/news/1-1-million-in-usdc-invested-into-uniswap-and-pooltogether-by-coinbase/256195
Time Stamp: April 2, 2020 8:55 AM - Modified On: August 29, 2021 - Published By:
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Coinbase, one of the world’s heavyweight exchanges, has recently invested 1.1 million in USDC to the decentralized finance protocols of PoolTogether and Uniswap.Pushing In 1.1 Million In USDC To Smart ContractsAccording to the announcement the San Francisco-based crypto exchange had made, the funding itself comes from its USDC Bootstrap Fund. This Fund was created back in September of last year, with an initial funding clocking in at $2 million. The move itself comes as a bid from the exchange to stimulate the growth of the USDC within the Decentralized Finance

Insight on Liquidity from DeFi Protocols

Source Node: https://cointelegraph.com/news/insight-on-liquidity-from-defi-protocols
Time Stamp: April 2, 2020 6:16 AM - Modified On: August 29, 2021 - Published By:
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Over the last year and a half, decentralized finance has had an explosion of activity. Lending and borrowing decentralized applications, margin trading, liquidity protocols, stablecoins, insurance and derivatives have all grown in user numbers, in on-chain activity and in product maturity. As DeFi has grown, the need to exchange value from one form to another has grown with it, and multiple liquidity providers have stepped up to service this growing need for liquidity. This is the natural evolution of any system, introducing expanding functionality and connectivity and as it grows. Based

Coinbase Bootstraps USDC; Invests $1.1M in DeFi Products Uniswap and PoolTogether

Source Node: https://coinfomania.com/coinbase-invests-1-1m-usdc-uniswap-pooltogether/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-invests-1-1m-usdc-uniswap-pooltogether
Time Stamp: April 1, 2020 2:27 PM - Modified On: August 29, 2021 - Published By:
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 Leading US-based cryptocurrency exchange and wallet provider, Coinbase has announced that it has made a direct investment up to the tune of $1.1 million in two different Decentralized Finance (DeFi) products – Uniswap and PoolTogether.  According to the official announcement today, the funding was made via the exchange’s stablecoin, USD Coin (USDC) and it is part of Coinbase efforts to increase the projects’ chances of competing against other existing financial products.  Uniswap The Uniswap platform is an automated market maker built on the Ethereum blockchain that is currently simplifying exchanges’

A Crypto Venture Fund Bought the Most Tokens at MakerDAO’s Debt Auction

Source Node: https://cointelegraph.com/news/a-crypto-venture-fund-bought-the-most-tokens-at-makerdaos-debt-auction
Time Stamp: April 1, 2020 2:21 PM - Modified On: August 29, 2021 - Published By:
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An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to join a “backstop syndicate” and cover the entire system shortfall if necessary. Acting as a so-called “backstop,” the group would act as the buyer of last resort by purchasing the MKR tokens if their price fell to $100. (The auction’s starting

Vitalik Buterin: Ethereum is DeFi Chain as Much as Bitcoin is Digital Gold

Source Node: https://coinfomania.com/vitalik-ethereum-is-defi-chain/?utm_source=rss&utm_medium=rss&utm_campaign=vitalik-ethereum-is-defi-chain
Time Stamp: April 1, 2020 1:21 PM - Modified On: August 29, 2021 - Published By:
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Ethereum co-founder, Vitalik Buterin has recently asserted that aside from the numerous potential applications of Ethereum in various areas, its use as a cryptocurrency, for settlements, cannot be overlooked. This is coming after Ryan Sean Adams, the founder of Mythos Capital, shared how Bitcoin Maximalists are trolling him about how pointless Ethereum is. Got Maximalists trolling me about how pointless Ethereum is meanwhile I just sent a crypto backed stablecoin in a private transaction on the Ethereum mainnet peer-to-peer w/o a bank Keep trolling We’ll keep building the bankless future

Berkeley Blockchain Xcelerator Director on What DLT Startups Need to Succeed

Source Node: https://cointelegraph.com/news/berkeley-blockchain-xcelerator-director-on-what-dlt-startups-need-to-succeed
Time Stamp: April 1, 2020 9:28 AM - Modified On: August 29, 2021 - Published By:
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The Berkeley Blockchain Xcelerator — an incubator for early stage distributed ledger technology startups at the University of California, Berkeley — recently launched its spring cohort, which includes startups seeking to fight COVID-19, launch a cannabis-themed massively multiplayer online game and create a reverse auction platform for loans.Cointelegraph spoke to Jocelyn Weber, the director of the Xcelerator, to find out more about the resources the program offers to startups, success stories from previous cohorts and advice for startups looking to launch in the crypto space.Cointelegraph: Could you give an overview