defiant

defiant terminal announcement

The Defiant Terminal is Coming: Join the Waitlist

We’re excited. We’re getting ready to launch The Defiant Terminal, a platform for investors and analysts to track all DeFi data in one place. Join the waitlist today to be notified as soon as it’s live. You’ll want to be the first to get your eyes on that alpha.  The Defiant is devoted to being …

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socgen mkr

SocGen Wants To Borrow 20M Dai on MakerDAO Using Tokenized Bonds as Collateral

There’s a meme on crypto Twitter that calls DeFi the “future of France” as a play on the phrase the future of finance. Well, there may be more truth to the meme than many expected. Société Générale, the third-largest bank in France, has proposed to borrow Dai in MakerDAO using bonds it issued on the …

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Startup Uses Facebook Approach to Build Social Network for NFT Collectors

In Facebook’s early days, it famously limited membership to students in colleges and universities, opening a few at a time. Hyype, a new social network for NFT collectors, plans a similar approach but Discord server by Discord server rather than school by school. To that end, Hyype today announced a $1.5M seed round from Electric …

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DeFi is Getting Into Everything

Crypto isn’t just about simple financial tools anymore. Any project can be a DeFi project. Here’s how. The current crypto bear run is finally seeing a few flecks of green, but some still believe that plunging through multiple death crosses puts us firmly in bear territory. Others believe we have already hit rock bottom and …

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EU Regulators Propose Crypto Clampdown

European Defiers better buckle up, because regulators in the EU are attempting to tighten the rules on crypto transfers.  On July 20, the European Commission, the executive branch of the European Union, announced a package of legislative proposals to strengthen the EU’s anti-money laundering and counterterrorism financing (AML/CFT) rules. The legislative proposal moves to apply …

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Liquidations Ease Up as Investors Search for a Crypto Bottom

Where’s the bottom? That’s the vital question investors are asking with ETH down almost 18% in the last 30 days, and with other major Ethereum-based DeFi tokens nosediving as much as 57% in the same time span.  Clear Deviations The one bright spot is that this week hasn’t been quite as brutal as the horrorshow …

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ap nft

AP Auction of NFTs Ushers in New Era for Digital Media

It’s official: NFTs have gone totally mainstream. That’s the upshot from the announcement that the Associated Press, the 175-year-old paragon of traditional media, is planning to auction off 10 one-of-a-kind NFTs to celebrate its iconic photojournalism. Among the offerings: an artistic representation of the shot showing U.S. Marines hoisting the Stars and Stripes on a …

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Vitalik Whiplashes Holders of SHIB Meme Coin and Sells Tokens for Charity

ETH’s and BTC’s impressive recent growth had nothing on dog-based meme coins ––at least until Ethereum’s creator, Vitalik Buterin, stepped in to sell a large chunk of the token’s total supply to give the proceeds to charity. GameStop stock and Dogecoin have proven memes have real market power. But the thing about meme coins is …

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Defiant Degens: How to Farm in DeFi’s First Protocol for Push Notifications

This is a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to the Defiant and the Chief DeFi Officer of Zapper. The goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Background on Protocol: When you …

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Ether Locked in DeFi at All-Time High After Market Crash

An all-time high of 11.2M Ether is locked in DeFi protocols, despite a weekend sell-off. Liquidations spiked, while tokens continue sliding. Locked Ether’s resilience may show that DeFi participants do not consider the recent drop in price to signal a long-term trend and thus are not unlocking their ETH in order to sell. Borrowers may also …

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funding round announcement

Defiant Media Raises $1.4M to Build the Financial Information Platform for Web3

Defiant Media Inc., the creator of The Defiant, closed a $1.4M pre-seed round to build the leading information company at the intersection of tech and finance, from investors including IDEO CoLab Ventures, ParaFi Capital, Blockchange Ventures, MetaCartel Ventures, Defiance Capital, Mechanism Capital, GBV Capital, and angels including Anthony Pompliano, Mariano Conti, Andrew Keys and many …

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dYdX Launches Layer 2 Perpetuals Powered by StarkWare

dYdX  launched its cross-margined perpetuals product on a Layer 2 scaling solution powered by blockchain software developer StarkWare.  The move is significant as it highlights how some of Ethereum’s most well-known DeFi projects are migrating to scaling solutions amid rising gas costs to operate directly on Ethereum’s Layer 1. $10M Trading Volume StarkWare co-founder and …

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Gnosis Auction Aims to Solve ICO Volatility

DeFi market mechanism developer Gnosis is launching Gnosis Auction, a tool intended to solve initial price volatility for new ERC-20 tokens. Gnosis Auction combines batch auctions with limit orders. Projects launching new tokens will be able to use Gnosis Auction to set up batch auctions, wherein founders set the lowest price they’re willing to sell …

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Visa Transacting on Ethereum Signals Stronger TradFi-Crypto Link

Visa is now settling transactions via stablecoins on the Ethereum network. While these are just a tiny sliver of Visa’s total volume, and only apply to one client, the fact that the largest payments network is using a public blockchain signals the integration between traditional finance and crypto is strengthening. The first such transaction in …

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CREAM and Alpha Finance Get Hacked for $37.5M

DeFi experienced one of its more complex exploits over the weekend. An attack which resulted in ~$37.5M drained from CREAM Finance’s Iron Bank using Alpha Homora’s leveraged debt. An attacker was able to use Alpha’s sUSD contracts which had not yet been released to the public or made available in the UI to act as …

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eth

Ethereum Transactions Rise as Price Trends in All-Time High Territory

Transactions on the Ethereum network continue to outpace Bitcoin’s as momentum for decentralised finance protocols snowballs. ETH is testing all-time highs, but has yet to double in price from its record, like BTC did. Highest Since 2017 Ethereum transactions are soaring near the high reached at the top of the 2017/2018 crypto rally, at around …

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candlesticks md

BTC & ETH Massively Outperform Crypto Hedge Funds in 2020

Sometimes “HODL” really is the best advice. Simply holding Bitcoin and Ether massively outperformed crypto hedge funds (along with the vast majority of non-crypto assets) in 2020. BTC kicked off 2020 at just under $3,700  and reached almost $19,400 by the end of November, a 425% increase. ETH started the year at around $130 and …

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Synthetix Introduces Layer 2 Staking on Optimism

Things are hopefully about to speed up and get cheaper in Ethereum land, as Synthetix, the synthetic asset issuance protocol, deployed its staking code from Ethereum to Optimism, a Layer 2 scaling solution on Jan. 15.  Now, users can migrate their Synthetix Network Tokens (SNX), used to mint the protocol’s synthetic assets, to Optimistic Ethereum’s …

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Building the Investable Layer of Music, by 3LAU

A Creator’s Perspective: Music & Distributed Ledger Tech Tokenizing music is still in experimental stages but my long-term vision is that digital collectibles will evolve into true fractional ownership in a song’s master recording rights, allowing artists to disintermediate the music industry and fans to gain from their success.  After brainstorming for months on a …

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Ledger Suffers Another Data Leak

Ledger customers’ data has been leaked yet again, putting the state-of-the-art hardware wallet company into another compromising position.  Ledger announced on Twitter that it has been targeted by rogue Shopify team members who exported over 200 merchants’ customer databases in April and June of 2020. 292,000 customers have been affected, and Ledger says that while …

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A Blockchain Expert Might be the New SEC Head

Joe Biden’s new SEC chair may be, if not an advocate, at least very knowledgeable on blockchain technology. President-elect Joe Biden will be appointing MIT professor Gary Gensler as chair of the U.S. Securities and Exchange Commission, Reuters reported. Gensler is a Professor of the Practice of Global Economics and Management at MIT’s Sloan School …

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EIP-1559 Is Ready. Or is it?

Ethereum Improvement Proposal 1559, a long awaited update to Ethereum’s core codebase, was rumored to be ready for deployment yesterday in a leaked Discord conversation on Twitter. The proposal aims to change Ethereum’s transaction fee mechanism to improve user experience and reduce ether inflation. Most Significant  As EIP-1559 is viewed by the broader Ethereum community …

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