The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Trading

This Crypto Exchange Is Investing $1 Bln Into DeFi Despite A 80% Crash

This Crypto Exchange Is Investing $1 Bln Into DeFi Despite A 80% Crash
Share on FacebookShare on Twitter


Crypto exchange Huobi Global launched a new venture capital arm aimed at investing in upcoming blockchain, web3 and DeFi projects.

The spinoff is called Ivy Blocks, and has over $1 billion in assets under management as part of its “war chest,” the exchange said in a statement.

The first project to be supported by Ivy Blocks is Capricorn Finance, which a decentralized exchange built on the Cube chain. Capricorn also offers automated money market features to other DeFi protocols.

Despite a 80% crash in Defi value this year, Huobi sees the space as one of the most “promising applications” of the decentralized internet.

Huobi’s Ivy Blocks to have three main sectors

Ivy Blocks will provide support to DeFi platforms on three main fronts. The project will consist of an asset management platform, an early-stage blockchain incubator, and a crypto and web3 research hub.

Beyond just funding, the project will also offer technical guidance, mentorship programs and assist upcoming blockchains with token listings.

Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth

Huobi CFO Lily Zhang

Huobi believes that a bulk of upcoming DeFi projects fail due to a lack of support- something it aims to provide.

Investment comes even as DeFi value plummets this year

Huobi’s push into DeFi comes after the space lost over half of its value this year, amid a broader crypto meltdown. Data from DeFi Llama shows that total value locked into DeFi has slumped nearly 80% to $90.4 billion, from $210 billion at the beginning of the year.

A bulk of these losses also stem from those in Terra, whose implosion wiped out about $40 billion in a month. 

A broader crypto meltdown has also dented DeFi valuations, as most major tokens used to transact in the space saw a large drop in prices.

Ethereum- the largest DeFi blockchain by value, saw the ETH token’s price plummet 56% in 2022.

 

With more than five years of experience covering global financial markets, Ambar intends to leverage this knowledge towards the rapidly expanding world of crypto and DeFi. His interest lies chiefly in finding how geopolitical developments can impact crypto markets, and what that could mean for your bitcoin holdings. When he isn’t trawling through the web for the latest breaking news, you can find him playing videogames or watching Seinfeld reruns.
You can reach him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Read More:This Crypto Exchange Is Investing $1 Bln Into DeFi Despite A 80% Crash

Tags: blncrashcryptoDeFiExchangeinvesting
Previous Post

Bitcoin ecosystem makes a U-turn recovery in global ATM installations

Next Post

Crypto’s state-federal ‘flippening’

Related Posts

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

by The Cryptos News
July 30, 2022
0

In a recent announcement dated 29 July, co-founders of CoinFLEX, Sudhu Arumugam and Mark Lamb, provided an important update....

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

by The Cryptos News
July 30, 2022
0

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the...

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

by The Cryptos News
July 29, 2022
0

Comment on this storyCommentCryptocurrency traders have been put on notice that the US Securities and Exchange Commission considers a...

FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

by The Cryptos News
July 29, 2022
0

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to...

Next Post
Crypto’s state-federal ‘flippening’

Crypto’s state-federal ‘flippening’

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

July 11, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz