Flare Finance To Reward ExFi Participants with 1 Million $YFLR

Flare Finance, the first DeFi network to be launched on the Flare Network, recently announced the launch of an Experimental Finance platform. This first-of-a-kind initiative will be launched on the Songbird Network. While the final Flare Finance platform will be launched with six products, the ExFi platform will only include FlareX, FlareFarm, and FlareLoans. 1…

American Banks Encouraged To Partner with Cryptocurrency Firms

A recent report from the ABA (American Bankers Association) suggests that banks partner with cryptocurrency firms due to the growing client interest and profit in the sector. This 20-pages report provides a detailed analysis of the crypto, including a glossary. It also maps cryptocurrency activities to the bank services and products. The Banker’s association also…

Wells Fargo Now Offers Cryptocurrency Investment To Clients

Wells Fargo had announced earlier in the year that they planned to offer cryptocurrency investments to clients. Something that was referred to as a “professionally managed” cryptocurrency investment. Now the bank has announced that it will begin offering cryptocurrency exposure to its high net worth clients. The Wells Fargo Investment Institute had been working on…

Vitalik Buterin Urges Ethereum To Grow Beyond DApps

The developer and co-founder of Ethereum recently urged the community to innovate beyond decentralized finance. He made these statements during a conference that took place in Paris. According to Buterin, non-financial utilities are part of the vision general-purpose blockchains such as Ethereum aims to offer. But he is somewhat disappointed that the ETH blockchain is…

Synthetic Assets on Horizon Protocol: Tremendous Achievement for DeFi

Synthetic assets are different DeFi platform tokens that digitally represent real-life derivatives like futures and options. They are created via smart contracts on a distributed and globally accessible blockchain network. Horizon Protocol Horizon Protocol is a DeFi platform for creating on-chain synthetic assets (zAssets) based on real-life financial assets. The protocol is a fork from…