1. INTRODUCTION

Bitcoin has slipped 31% to $30k during mid-May. Traders were trying to adjust their positions and trade during the crash. However, many digital asset exchanges like Coinbase, Kraken, Binance, to name but a few, have experienced a service outage, which led to a massive loss for the traders. On the contrary, decentralized exchanges (DEXs) supported trading activities given the high traffic on their blockchain. According to Ashleigh Schap, the growth lead at Uniswap, the business worked flawlessly during the market crash.

Moreover, considering the widening crackdown on Binance from Europe, Hong Kong, and several banks, DEXs have been spotlight again…

Cutting out the traditional middleman — Banks

Traditionally, intermediaries like banks and stock exchanges were given the role to safeguard our transactions and are considered essential to perform required tasks such as storing and transferring money. However, due to their structure, they excluded more than 1 billion people from the financial market while charging high fees and delayed service times to those who use it.

DeFi or decentralized finance aims to rebuild the infrastructure of financial services by removing the need for third-party intermediaries such as banks to oversee these transactions. Similar to how Bitcoin has allowed individuals to move…

Bitcoin’s price is currently $31,353.77 and its dominance is 46.14 percent, an increase of 0.52 percent over the day.

The market cap is $1.27 trillion, a 2.77 percent decrease over the last day. The total crypto market volume over the last 24 hours is $63.96 billion, which makes a 3.04 percent decrease. (Image: Reuters)

The global cryptocurrency market is in the red on July 17 (today). The market cap is $1.27 trillion, a 2.77 percent decrease over the last day. The total crypto market volume over the last 24 hours is $63.96 billion, which makes a 3.04 percent decrease.

The…

Yahoo Finance’s Jared Blikre reports on the day’s trending tickers.

Video Transcript

ALEXIS CHRISTOFOROUS: I want to bring in Jared Blikre now for a look at some of our trending tickers today. And Jared, Moderna certainly catching my eye. The vaccine maker getting a nice boost on news it’s going to be added to the S&P 500. Give us the details.

JARED BLIKRE: That’s right. It’s going to join Tesla and all the people there, Apple, Amazon, et cetera. Let’s go to the YFi Interactive. This is just an incredible story. I don’t talk about this stock a lot because, well, it’s really Anjalee Khemlani’s wheelhouse. But the stock movement here over…

This week, popular DeFi tracking platform Zerion closed a series A funding round for $8.2 million, led by Mosaic Ventures and joined by DCG, Placeholder, Lightspeed, and others. The funds will go towards scaling infrastructure to meet growing demand for Zerion desktop and mobile tracking services, expanded multichain support, and optimising the Zerion user experience for novice crypto users.

Enzyme Finance added access to Yearn vaults to the asset management platform, unlocking new ways for Enzyme strategy managers to generate returns on pooled capital. …

The electric vehicle has been the hottest innovation of this decade. Dominating the western market is Tesla with a whooping monopoly. However, the east has a great contender Nio. Which is better? We will discuss in our article here today for you as an investor and a car owner to consider.

Written by our analysts

• Arora Chen, Dark Byte
• Umair Khalid, Dark Byte

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Quick Take

• DeFi wallet Phantom, which currently supports the Solana blockchain, has raised $9 million in Series A funding.
• Phantom wants to build its team and launch support for Ethereum and its layer-two scaling solutions.

Phantom, a crypto wallet and browser extension for accessing decentralized finance (DeFi) applications, has raised $9 million in a Series A funding round.

Andreessen Horowitz (A16z) led the round, with participation from Variant Fund, Jump Capital, DeFi Alliance, and the Solana Foundation. Angel investors, including early Coinbase investor Garry Tan and unknown executives from Compound, dYdX, Lolli, and the Ethereum Foundation, also backed the round.

With fresh…

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.

DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. …