DeFi DeBrief #16: BlockFi files for bankruptcy 📖

Welcome to issue #16 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Chapter 11 protection for BlockFi
DCG can’t dump Greyscale holdings
Curve to launch a stablecoin

 

Onwards 👇

 

TAKE NOTE
BlockFi is the latest domino to fall in 2022 🤕
BlockFi, which offers a trading exchange and an interest-bearing service for tokens …

DeFi 101: What Is An Automated Market Maker (AMM)?

Automated market makers (AMMs) are foundational to decentralised finance (DeFi). They automate the trading of digital assets using liquidity pools containing token pairs, whereas centralised exchanges (CEX) match orders via a traditional order book.
— —

When you buy or sell cryptocurrencies on Coinbase, the exchange matches your order against other trades in its order book.

Suppose …

New This Week: Ethereum, Polygon, Avalanche, And Fantom NFTs, All Coming To Android

Elitium NFT Farming will bring something new to the blockchain space.

Our platform will allow anyone with a smartphone to buy NFTs using Apple or Google Pay, then generate crypto rewards, just for holding it.

This is a huge innovation because it means you can build a stack of your favourite tokens with next-to-no effort and …

DeFi DeBrief #15: The FTX effect 💣

Welcome to issue #15 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Genesis on the brink of bankruptcy
U.S. banks launch digital dollar pilot
USDC adds Apple Pay integration

 

Onwards 👇

 

TAKE NOTE
$1bn shortfall puts leading prime broker at risk 🤕
The fallout from FTX’s recent collapse has come to light. Genesis …

DeFi 101: What Is A Self-Custody Wallet?

A self-custody wallet is a crypto wallet to which only you have access. Unlike with a bank, no intermediary sits between you and your assets, and you have the sole responsibility for keeping them safe.
— —

At one point, FTX was one of the biggest cryptocurrency exchanges in the world.

Thousands of users trusted the …

New This Week: Native Android App Confirmed For NFT Farming

For any Android users feeling left out, we have good news.

The Elitium NFT farming app will let you mint NFT farmers on blockchains like Ethereum, Polygon, Avalanche, and Fantom, directly on your Android phone.

The team is still hard at work on the NFT farming iOS app, but as that workstream draws to a close, …

DeFi DeBrief #14: Business as usual ✍️

Welcome to issue #14 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Elitium stands as strong as ever
Binance pledges industry recovery fund 
U.S. sees signs of cooling inflation

 

Onwards 👇

 

TAKE NOTE
A slightly different headline story 💬
We’ve chosen to take over this week’s headline spot to share some thoughts about …

DeFi 101: How Does Elitium Fit Into Decentralised Finance?

Decentralised finance (DeFi, for short) is an umbrella term for financial applications on the blockchain. DeFi apps power everything from cryptocurrency trading to lending money, even securing a loan.
— —

Last week, we wrote about the difference between centralised and decentralised finance. If you read that post, you may now be wondering, “Where on the …

New This Week: NFT Farming Artwork Takes Shape

Even if we all crave utility with our NFTs, the art still matters.

That’s why Elitium NFT farming has taken the creative as seriously as the token, so while you’ll be able to generate rewards in a basket of different cryptocurrencies.

You’ll also hold a piece of digital art from a highly respected artist. How is …

DeFi DeBrief #13: FTX implodes ☠️

Welcome to issue #13 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Insolvency crushes popular exchange
Fidelity launches zero-fee crypto trading
JPMorgan finally embraces DeFi

 

Onwards 👇

 

TAKE NOTE
FTX is in serious hot water 🥵
“We have come to an agreement on a strategic transaction with Binance for FTX.com.” Those were …