Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.  The decentralized finance (DeFi) sector was hit particularly hard. The decentralized services that feed price information into these headless lending platforms – known as “oracles” in the industry – simply couldn’t keep up. Oracles could […]

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Crypto Lender Dharma Pivots to Stablecoin Savings Accounts

“Dharma is the easiest place to save your money from anywhere in the world.” That’s the new mission statement for decentralized finance (DeFi) platform Dharma as described by Brendan Forster, co-founder and COO of Dharma Labs, which built the Dharma protocol. On Thursday, Dharma Labs announced it would be relaunching its services in closed beta […]

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South Korea’s Shinhan Brokerage to Offer Blockchain-Based Securities Lending

Shinhan Financial Investment will soon be offering peer-to-peer (P2P) stock lending via the blockchain. When the new service is introduced this year, individuals will be able to borrow and lend securities with other individuals directly, rather than going through an intermediary. The Economic News and other local Korean media reported the news. Securities lending and borrowing transactions are […]

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Genesis’ Lending Surges Again in Q2 – and Not Just in Crypto

Genesis Global Trading’s crypto-related lending business remains on a growth tear – especially its loans of U.S. dollars and blockchain substitutes. According to statistics published by the over-the-counter trading firm Tuesday, Genesis’ “cash” lending doubled in the second quarter from the previous quarter to about $186 million. These loans, denominated in fiat or the dollar-pegged […]

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