A San-Francisco-based crypto index fund manager, Bitwise, has released a report showing its perspective of the burgeoning decentralized finance (DeFi) sector saying it could have an Amazon-like effect on the traditional financial system.In the report titled “Decentralized Finance (DeFi): A Primer for Professional Investors,” the crypto index manager noted that despite the … [Read more...] about Report: DeFi could rewrite the traditional finance landscape
Traditional
Bitcoin Reverts to $58k as Renewed Covid Concerns Jolt Traditional Markets
While bitcoin is trading 2% lower on the day near $57,800 at press time, the S&P 500 futures are nursing a 1.3% loss. The MSCI Asia-Pacific index has slipped 1.8%, and the commodities complex is bleeding, with oil down over 2% on both sides of the Atlantic. Meanwhile, anti-risk assets like the Japanese yen and U.S. Treasuries are gaining ground. Source link … [Read more...] about Bitcoin Reverts to $58k as Renewed Covid Concerns Jolt Traditional Markets
Cypher Raises $2.1M for Traditional Futures Market on Solana
Beyond just tokens and stocks, “we’re looking at things like NFT futures, DeFi rate derivatives – so a lot of stuff where having that set expiration date can really help you express a more nuanced view on the market,” James, a globetrotting expat, said. Source link … [Read more...] about Cypher Raises $2.1M for Traditional Futures Market on Solana
DeFi will bring global revolution to the traditional finance space
Decentralized finance came to life with the inception of Ethereum in 2013. However, it truly hit the ground running in 2016–2017 with the backing of Ethereum developers and some entrepreneurs and experts in the financial investment sphere. To get our facts right and clear all misconceptions, DeFi encapsulates a variety of financial applications in cryptocurrency or blockchain … [Read more...] about DeFi will bring global revolution to the traditional finance space
DeFi and traditional finance could converge thanks to tokenization
Nonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an investment firm and an incubator for decentralized finance platforms — told Cointelegraph China that synthetic assets, NFTs and digital securities are redefining the way capital markets … [Read more...] about DeFi and traditional finance could converge thanks to tokenization