DeFi partnership aims to tokenize shares of pre-IPO companies

DeFi partnership aims to tokenize shares of pre-IPO companies

Decentralized finance (DeFi) protocol Portal has partnered with the asset marketplace HighCircleX (HCX) to tokenize stocks of pre-initial public offering (IPO) companies, according to an announcement shared with Cointelegraph on Monday.  The collaboration aims to make investing in private equity easier by building on top of the Bitcoin (BTC) blockchain. Through this, HighCircleX is looking …

Read more

The world doesn’t need banks, policymakers or NGOs — It needs DeFi

The world doesn’t need banks, policymakers or NGOs — It needs DeFi

Where I grew up, on the southern border in Texas, a tremendous number of people have come to the United States to work and send money back home. They don’t make much money, but they pay considerable fees on their transfers. Their focus is not on getting rich, but on supporting those back home in …

Read more

Decentralized finance: The best ways to participate and operate

Decentralized finance: The best ways to participate and operate

Decentralized finance (DeFi) is a concept that has received a lot of attention since the so-called DeFi Summer of 2020 because its usage, often measured in total value locked (TVL), has risen dramatically since that time. In the last year alone, TVL rose by over 240% to a current $209 billion in “value locked” within …

Read more

Regulations set the table for more talent, capital and building in crypto industry

Regulations set the table for more talent, capital and building in crypto industry

The feeling in the crypto and decentralized finance space has been shifting and evolving. The industry is also becoming more scrutinized and, inevitably, more organized. Some weeks ago, United States President Joe Biden signed an Executive Order to expedite and focus regulatory oversight of the $3-trillion industry. The order will spur the government to examine …

Read more

Reputation DAO: Would you give up privacy for unsecured loans in DeFi?

Reputation DAO: Would you give up privacy for unsecured loans in DeFi?

An ambitious new decentralized autonomous organization (DAO) has built a data service for lending platforms that records a user’s financial reputation to reduce the amount of collateral needed for a loan. It has partnered with Chainlink and that protocol’s founder Sergey Nazarov is an early backer. Users of Reputation DAO will have traditional financial data …

Read more