DeFi Is “Waking Up Again” – Active Loans Return To 2022 Levels | ZeroHedge

Authored by Martin Young via CoinTelegraph.com,

Decentralized finance (DeFi) may be experiencing a revival, with key metrics such as active loans and total value locked (TVL) on the rise since their more recent lows in 2023. 

Crypto market analytics platform Token Terminal proclaimed that “DeFi is waking up again” in a July 31 post on X.

It backed up this claim with charts and statistics, one of which was for active loans, which have returned to levels not seen since (more…)

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Russia Legalizes Bitcoin For International Trade To Bypass Sanctions | ZeroHedge

Authored by Nik Hoffman via BitcoinMagazine.com,

In a significant legislative move, Russian lawmakers have passed a bill permitting businesses to use Bitcoin and other cryptocurrencies in international trade, according to a report by Reuters.

This development is part of Russia's strategy to circumvent Western sanctions imposed following the invasion of Ukraine. The new law, expected to take effect in September, aims to address delays in international payments, (more…)

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Happy 9th Birthday, Ethereum! | ZeroHedge

Authored by Savannah Fortis via CoinTelegraph.com,

Nine years ago on July 30, the Ethereum network launched, sparking a revolution in the decentralized space. 

In 2015 Vitalik Buterin and a team of visionary developers introduced the concept of smart contracts via Ethereum, which forever changed the blockchain landscape by enabling decentralized applications (dApps) to be built on its platform.

Unlike Bitcoin, which primarily served as a digital currency until the (more…)

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