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Decentralized Exchange Volume Dropped 25% in October
2.11.2020
A steeper decline was avoided by one record day for Uniswap and Curve
Decentralized VPN Sees Increased Use in Nigeria Amid #EndSars Protests
2.11.2020
Nigerians are protesting police corruption and concerns about a possible internet shutdown have driven some to adopt decentralized VPNs like Mysterium
Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan
2.11.2020
The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote. The development team behind...
Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live
1.11.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them, we aim to bring the true value of yield farming finance accessible...
Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
1.11.2020
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH)...
SwiftCash Facilitates Users to Store the Value with Decentralized Governance
31.10.2020
SwiftCash deploys blockchain based on Proof-of-Stake consensus algorithm in 2018, focusing on self-funded localized governance systems and the economy with a stable growth model. The SwiftCash team aims to improve the energy utilization of a blockchain like bitcoin, using the same security...
Audius, the ‘Decentralized Spotify,’ Is Moving Part of Its Service to Solana Blockchain
29.10.2020
Decentralized music app Audius announced Thursday that it will migrate its content management system over to Solana’s high-speed blockchain from an Ethereum sidechain operated by the POA Network that runs on a set of trusted validators. Audius occupies a similar space to popular music players...
Yearn Finance Founder Andre Cronje’s New Defi Token KP3R Soars 3,600% 24 Hours After Launch
29.10.2020
Yearn Finance founder Andre Cronje’s new defi token called KP3R has soared more than 3,600% in just over 24 hours after official launch, as yield farmers pour in millions of dollars into the project. The token opened at just $10 on Uniswap on Oct. 28, but is currently trading at $373.58,...
Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’
29.10.2020
Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared. In a charged Oct. 26 tweet, Powell said...
EcoChain’s Capital Logic Will Transform the DeFi Ecosystem
29.10.2020
Decentralized finance(DeFi) has taken the blockchain network by a storm and is now arguably the most discussed topic. Although it has been a roller coaster ride, the DeFi network has grown enormously in size and number. Today, the total value locked in DeFi contracts is more than $11b. Forex Market...
Aave transfers governance to token holders
29.10.2020
Aave’s core developers have transferred governance rights over to AAVE token holders, giving its community control over the future of the protocol
How a Decentralized Internet Can Power Latin America’s Economy
27.10.2020
Bitcoin, fintech and DeFi can help Latin America become an interconnected and inclusive regional economy
Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million
26.10.2020
Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven...
Can Github Remove the Bitcoin Codebase? Recent Repository Takedown Has Proponents Worried
26.10.2020
On October 23, the Microsoft-owned Github leveraged an ostensible DMCA takedown in order to remove 18 projects from the code-hosting portal. According to sources, the takedown stemmed from a request filed by the Recording Industry Association of America (RIAA). Github’s recent move has made...
SharkTron – DeFi Project That Implies Complete Autonomy
24.10.2020
PRESS RELEASE. SharkTRON decentralized platform has set the goal of maximizing the DeFi TRON potential. The main task is to create a complete platform autonomy with a gradual transition to self-management by community members. SharkTRON is an autonomous full-cycle ecosystem. Platform members...
Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring
23.10.2020
Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have...
Binance VC arm leads $1.3M raise for decentralized streaming protocol
23.10.2020
Decentralized music sharing service Audius has raised nearly $10 million so far
Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live
23.10.2020
PRESS RELEASE. Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them, we aim to bring the true value of yield farming finance accessible to all users, we offer the most secure and simple way to earn reliable...
Ethereum set to become first blockchain to settle $1 trillion in one year
23.10.2020
The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year
Yield farming fuels 623% growth in DAI supply to nearly $1B
22.10.2020
Demand for Ethereum-based stablecoins exploded during the third-quarter DeFi bubble, with DAI’s supply growing by more than 600% and USDC expanding 200%