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The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January.According to data published by Dune Analytics, the total number of DeFi users was just shy of 240,000 as of July 6 — increasing by
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Over the past four years, the United Nations International Children’s Fund has been investing in startups applying open-source technology, hoping to make the world a better place, but is looking to step up its game even further now.Cecilia Chapiro, an investment advisor at UNICEF Ventures, told Cryptox that UNICEF had
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Prominent angel investor and internet entrepreneur Jason Calacanis says 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world. According to a Tweet posted on June 27 by the angel investor behind ridesharing app Uber and crypto
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Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space.They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META).RUNE has increased 167% in the past 30 days, REN
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Developers working on Bitcoin, among a few other cryptocurrency projects, remain funded mainly by donations or a few other altruistic ventures. Now, a New York-based NGO wants to support developers working on privacy tools over the Bitcoin protocol. Will Fund Privacy As per a press release on May 10, the Human Rights
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[sociallocker id="55298"] Andreessen Horowitz, or a16z, expects more Libra competitors to enter the space, seeing “an opportunity for a new financial network."As the venture firm’s general partner Katie Haun told Bloomberg in an interview published Monday, a16z expects money to become largely digital in 10 years, akin to music, books
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On May 9, we wrote that the Loom Network, a platform-as-as-service blockchain project, appeared to no longer be active. Representatives from the platform have since responded publicly to Cryptox, indicating that the project is, in fact, alive and well.Communication in stasisFollowing the departure of the network’s CEO, the project announced
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While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers
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Coinbase continues to ramp up its support for decentralized finance (DeFi) applications, announcing a fresh $1.1 million investment via its USDC Bootstrap Fund for two projects in the field.The USDC Bootstrap Fund — launched by Coinbase and Circle as part of the Centre Consortium in early fall 2019 —
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The Digital Dollar Project, which advocates a blockchain-backed digital dollar in the United States, has announced the inaugural roster of its Advisory Board.The new advisors joining the founders of the projectThe project is an initiative of several former heads of the Commodity Futures Trading Commission (CFTC) and Accenture. The
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