Decentralized Finance- The light in the corner
With the increasing global health and economic crisis, the popularity of Decentralized (Defi) projects has increased. The growth in the DeFi market marked one of the main developments in the crypto market since 2019. Decentralized Finance (DeFi) will have huge implications on the traditional financial system with the increased level of traction from traders towards Crypto space.
#1 YAMv2 To YAMv3
Following the unforgettable circumstance, the Yam Finance ecosystem announced a system relaunch where it eventually introduced a migration of the initial V2 YAM tokens to a more secure V3 system. In the course of the platform relaunch, a major governance decision led to the changing of the YAM reserve assets to USD. What future does the V3 system hold? Read to know more.
#2 HSBC prevents a scam , DeFi can be saviour for Traditional Policies
The global banks like HSBC and Standard chartered’s shares fell to the lowest point in 25 years after the FinCen documents revealed the scam. The documents indicated the bank did sense the scam within their ecosystem but did nothing. Moreover, it allowed the fraudsters to transfer millions of dollars around the world.In this scenario, the decentralized platform would prove as a blessing in disguise. Read more.
#3 Top 10 Coins to Maintain Static Actions
In the past couple of days, the crypto space has witnessed unusual conduct of the cryptos. Considering the price chart of the last seven days, the top 10 cryptocurrencies excluding Tether, have maintained still levels in the last 48 hours. Read to know the top 10 cryptos that are currently experiencing a dip similar to Bitcoin and also presume to be stagnant.
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