Cryptocurrency Analysis and News Portal
Digital asset investment firms poured $2.7 billion into decentralized finance (DeFi) projects in 2022, up 190% from 2021 as investments into centralized finance (CeFi) projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in DeFi funding was despite overall crypto funding
Read More
The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish.In the latest development, blockchain engineering firm ConsenSys CEO Joseph Lubin announced that the company will be cutting 97 jobs this year. This comes
Read More
“We’re keeping the company strong; we didn’t cut into muscle,” Lubin said in an interview with CryptoX. “We sort of right-sized support functions, some customer support, some internal team support, because there’s just less activity in our ecosystem right now. I expect we’ll get back to doing quite significant and
Read More
DeFi has much to offer the world of finance. That DeFi smart contracts worked as promised in these highly stressed market conditions to keep intact the “systems” – if not the prices – is a good proof of concept on which to build a more robust, viable system. When you
Read More
DeFi is driving the development of cutting-edge Web3 use cases such as nonfungible tokens (NFTs), gaming and the metaverse. With the Binance Bridge 2.0, DeFi can be brought to a broader audience worldwide while maintaining the same smooth user experience as CeFi. Most of the “DeFi” ecosystem relies on
Read More
Celsius has been positioned as one of the leading yield-generating CeFi platforms on the market, battling neck-and-neck with other dedicated CeFi platforms such as BlockFi and Nexo. Their positioning is seemingly weakened this week, certainly with retail investors, as the platform sent out an announcement to all users and released
Read More
On Tuesday, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will be stored in the Funding or Spot Wallet,
Read More
The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
Read More
As price action bewilders market makers and traders, experts in the crypto industry reached an agreement on several important points last week. Notably, centralized finance (CeFi) and decentralized finance (DeFi), can coexist, and a “blend” of financial products and services will be available to users in the future. On Jan. 21,
Read More
Zam.io has recently announced the listing of its native utility token, $ZAM, on four platforms at once. Zam.io’s blockchain ecosystem is composed of several seamlessly integrated products, including: ZamWallet, a universal crypto wallet for DeFi and CeFi, Intelligent Investment Portfolios, ready-made solutions for investors, and zMorgan, a distinctive protocol capable
Read More