‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks.  If adopted, the TFR would, according to experts, impose a vast financial surveillance regime on the European decentralized finance (DeFi), nonfungible token (NFT) and metaverse spaces. This could then lead to companies in those sectors moving elsewhere to avoid regulation. The German DeFi community has not remained silent and has written an open…

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BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a silver lining. One platform that appears to be capitalizing on the void created by TerraUSD’s (UST) collapse is Beefy Finance (BIFI), a multi-chain yield optimizing decentralized finance protocol. Data from…

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Aurora launches $90M fund to finance DeFi apps on Near Protocol

Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has launched a token fund worth $90 million.  The fund was launched today in partnership with Proximity Labs and will be focused on financing decentralized finance (DeFi) applications on the Near protocol. Near Protocol is a DApp platform that focuses on usability among developers and users. As an emerging layer-1 competitor to Ethereum, Near Protocol is also smart-contract capable and runs a proof-of-stake consensus mechanism. Funding was provided by Aurora Labs, which allocated…

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Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche

The battle to attract stablecoin liquidity has been a trending theme across the cryptocurrency landscape for the past year, especially as decentralized finance users have come to realize the hefty APY that can be earned on dollar-peg assets. While Curve Finance remains the undisputed leader in interest bearing stablecoin liquidity pools, several new entrants have begun to climb the ranks, including Vector Finance (VTX), a protocol that enables Avalanche network users to generate boosted yields on their stablecoin positions. Data from CoinGecko shows that the price of VTX recently underwent…

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Crypto lender Maple Finance expands support to Solana

Crypto capital markets platform Maple Finance has expanded support to the Solana blockchain and has deployed a $45 million fund to spur ecosystem growth. Maple provides undercollateralized loans for institutional borrowers on Ethereum (ETH) and now Solana (SOL) from several pool delegates. The project stated in an Apr. 25 blog post that it has already “originated over $1.2 billion in loans and currently count over $900 million in TVL to the platform.” The ecosystem fund was launched in partnership with decentralized finance (DeFi) lending platform X-Margin, with capital being provided…

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Green finance needs voluntary carbon markets that work

The United Nations Climate Change Conference, known as COP26, in Glasgow, Scotland catalyzed a commitment to carbon neutrality, achieving net-zero carbon emissions, requiring reducing emissions as much as possible, and balancing the remaining emissions with the purchase of carbon credits. A carbon credit reduces, avoids or removes carbon emissions in one place to compensate for unavoidable emissions somewhere else through certified green-energy projects. Carbon credits represent one ton in carbon emission reduction. They are 1) Avoidance or reduction projects — e.g., renewable energy (wind, solar, hydro, biogas) — and 2)…

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Ledger Enterprise’s Alex Zinder is all about blockchain, crypto and the future of finance

Alex Zinder, a capital markets veteran who jumped on the blockchain train last year, attended the Paris Blockchain Week Summit, where he sat down with Cointelegraph to discuss blockchain projects, crypto adoption and the traditional financial world’s necessary embrace of digital assets. After almost two decades in capital markets technology, Alex Zinder joined Ledger Enterprise in March 2021. He previously worked at Nasdaq, where he worked as the global software development director and associate vice president of enterprise architecture. Zinder now leads Ledger Enterprise Interact, a suite of solutions that…

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Algorand founder Silvio Micali wants to usher in the democratization of finance

Cointelegraph’s Joseph Hall sat down with Silvio Micali, the founder of Algorand, as part of its on-the-ground coverage of the Paris Blockchain Week Summit, or PBWS. Algorand is a blockchain that uses a Pure proof-of-stake (PPoS) protocol, and the company was one of the main sponsors of the summit.  Micali started off by explaining that the the blockchain trilemma, claiming that no blockchain can be all three at once — secure, scalable and decentralized — is false. He affirmed that Algorand actively works to solve this so-called trilemma by pushing the…

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The future of public finance

Power historically shifts from governments to people. Democracy is the product of revolution and disruptive innovation by those who abhor the elitism of aristocracy and monarchy, who fear the single-mindedness of theocracy, and who see the impracticability of communism. More than ever before, governments represent fairer and more trustless social contracts. How do we merge the rule of law with “code is law,” and can we have both? As we behold the unstoppable force of decentralization, we must acknowledge the following: mass communication, intercontinental travel, widespread literacy, internet proliferation, pro-democracy…

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Bitcoin mining finds fresh support from Russian finance ministry

As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support to Bitcoin (BTC) mining. Russia should encourage the development of industrial-level cryptocurrency mining in the country, ministry’s director of the financial policy department Alexey Yakovlev urged. There’s also no point in banning retail or household Bitcoin mining, Yakovlev said, as the local publication Prime reported on Thursday. The Russian lawmakers discussed the two categories of cryptocurrency miners at a recent round table called the “Mining regulation in Russia: For…

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