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The Libra Association may have rebranded itself as Diem but that means little to German Finance Minister Olaf Scholz. According to a Reuters report, Scholz said in a statement that Libra’s rebranding as Diem was merely a cosmetic change. “A wolf in sheep’s clothing is still a wolf,” he said following
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Yearn Finance is eyeing yet another merger with yet another food-themed DeFi project – only this time, the candidate has a larger market size than Yearn itself.Per a blog post authored by Yearn Finance creator Andre Cronje, the so-called decentralized finance protocol may fuse with SushiSwap, another automated market maker
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by Blaise Cavalli,Decentralized finance (DeFi), a new investment mechanism exploded into the financial sector and certainly has been the trend to watch in the digital assets industry.With billions of dollars in value circulating on public blockchains, has only been a matter of time for digital assets to enter the field
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DeFi projects or tokens are launched in a decentralized financial solution environment. DeFi is an independent and related financial service. It is built with the help of smart contracts and Blockchain technologies. Initially, it is challenging to launch a Defi project due to limited resources on decentralized finance. However, in
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Crypto custodian Copper is looking to connect institutions to the emergent world of decentralized finance (DeFi) with a newly unveiled product. Announced Friday, CopperConnect is a bridge between Copper’s existing storage services and DeFi apps. In a press release for the new tool, Copper claims DeFi risks have been decreasing, making
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Curve Finance, a decentralized exchange, will distribute nearly $3 million in accrued fees to the platform’s governance token holders, following a community vote.On Friday, a week-long voting period seeking to determine how “admin fees” were to be allocated closed in favor of token holders. Now, in three days, some $2,631,601.92
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Yearn Finance’s YFI rose by up to 16 percent in just two days of trading, even though its
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Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI, a decentralized stablecoin pegged to the U.S. dollar, from a Pickle wallet.Pickle came on the scene Sept. 11 as one of many food-themed DeFi projects. The fully automated system rewards users with interest payments and
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Holders of Pickle Finance’s native coin PICKLE are currently suffering from a 50% drawdown after the protocol was
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Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future. Source
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