DeFi DeBrief #6 | Wall Street embraces crypto 🗽

Welcome to issue #6 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Wall St. firms launch crypto exchange
Merge drops global energy usage by 0.2%
DeFi lender opens doors to institutions

 

Onwards 👇

 

TAKE NOTE
Schwab, Fidelity launch EDX Markets 💹
Wall Street heavyweights Charles Schwab, Fidelity, and Citadel Securities have announced the …

DeFi 101: What Is Compound Finance?

Compound Finance is a decentralised finance (DeFi) protocol that lets you lend and borrow cryptocurrencies without an intermediary. The decentralised application (dApp) works a little like a traditional savings account, allowing users to earn interest on idle assets.
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In the summer of 2020, the blockchain came to life.

Users flocked to a new breed …

New This Week: NFT Farming Is Coming To Elitium

You’ve been very patient these last few weeks.

For that, we can only thank you. And to show our appreciation, we feel it’s only right that we give you a glimpse of what we’ve been working on.

A few months ago, inspiration struck. We could see NFTs earning an ever-growing audience, yet we felt frustrated by …

DeFi DeBrief #5 | Merged 💥

Welcome to issue #5 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Ethereum merge complete
Fidelity considers Bitcoin trading
Coinbase sues U.S. treasury

 

Onwards 👇

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TAKE NOTE
Ethereum is now proof-of-stake ⚡️
The Merge is complete. 

Ethereum has moved from proof-of-work (PoW) to proof-of-stake (PoS), meaning it now requires just 0.05% of …

DeFi 101: Not All Stablecoins Were Created Equal (A Cautionary Tale)

Stablecoins give cryptocurrency investors the best of all worlds: a low-volatility asset with high transactional speed, low transactional cost, and the ability to access decentralised finance (DeFi) services in a few clicks.
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Decentralisation has changed everything we thought we knew about finance. 

Where you used to have to deposit money with a bank to earn …

New This Week: ‘Powered By Polygon’

Last week, we hinted that we’re working on something BIG.

We’re still not quite ready to divulge the details, but we can reveal one aspect: we’ll be building the innovative solution on Polygon.

— ‘Why Polygon?’ you ask. Several reasons. On the one hand, Polygon has one of the most committed developer and user communities, so …

DeFi DeBrief #4 | T-minus 7 days ⏳

Welcome to issue #4 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

The Merge clears penultimate hurdle
Crypto.com sends $70m instead of $70
Michael Saylor accused of tax fraud

 

Onwards 👇

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TAKE NOTE
The Merge is imminent ⚡️
Two days ago, the Ethereum core developers successfully launched Bellatrix, the upgrade that …

DeFi 101: What Is Tether?

Tether (USDT) is a stablecoin that’s fully backed by the U.S. Dollar and cash equivalents, including other assets and receivables from loans made by Tether. Tether works like a tokenised U.S. Dollar, with each USDT pegged 1:1 with actual U.S. Dollars.
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Tether (or USDT, for short)  is the original stablecoin. 

The company behind Tether, iFinex, …

New This Week: Something ‘Else’ Is Brewing…

We’re working on something big here at Elitium.

As you might guess from the title, it has something to do with NFTs. And while we can’t say much just yet…

We know it’s something that’s going to take the community by storm. You see, we’ve long since wondered where the utility lies when you buy an …

DeFi DeBrief #3 | Everything’s on sale 💥

Welcome to issue #3 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Crypto funds raising big money
Argentine state says ‘Yes’ to USDT
Have crypto ATMs found a home?

 

Onwards 👇

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TAKE NOTE
‘Everything’s on sale’ 💥
Even the most seasoned investors find bear markets tough. When numbers trend down, it’s …