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Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining
17.9.2020
The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of...
How a Hacker Launched a Decentralized Network to Track Internet Censorship
15.9.2020
Using free and open-source software, the Open Observatory of Network Interference has built a “decentralized, citizen-led, internet censorship observatory.”
Curve, Aave, Synthetix and 7 others join Global DeFi Alliance
15.9.2020
Huobi's Global DeFi Alliance has announced 10 new members, including sector heavyweights Aave, Curve Finance, and Synthetix
Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward
15.9.2020
The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator...
DeFi app overview: How to navigate crypto’s new finance wave
14.9.2020
With DeFi platforms bringing in profits for users, jumping onto this wagon seems to be highly attractive. But how easy is it to do?
Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December
14.9.2020
This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017....
Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year
14.9.2020
So called decentralized finance (defi) lending platform Bzx on Sunday lost $8.1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.6 million); 4,503 ETH ($1.65 million); 1,756,351...
The evolution of DeFi and its unique token distribution mechanics
14.9.2020
The next step of DeFi’s evolution in decentralization is enabling true scalability, interoperability and access to networks beyond Ethereum
DeFi Defied: Five Key Benefits The COV Token Will Bring To Covesting
14.9.2020
In the ever-evolving crypto market that never sleeps, new trends and coins are popping up every passing day. The recent decentralized finance explosion has only hastened the pace at which fly-by-night coins are being created. At the same time, however, the booming bandwagon has also shed light...
NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week
14.9.2020
While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during...
Investing in DeFi? Bet on diversification, not short-term gains
13.9.2020
Several cases show us that while there are amazing opportunities for gains in the DeFi space, there are also many risks that must be considered
Apple Censors Some Cryptocurrency and Defi Features of Coinbase App
13.9.2020
Apple Inc. has censored some cryptocurrency features of the Coinbase app. Specifically, Apple has blocked Coinbase from adding to its iOS app the ability to earn money using cryptocurrency and access to decentralized finance (Defi) apps. Apple vs. Coinbase Cryptocurrency exchange Coinbase has been...
Why DeFi Isn’t Always As Decentralized As You Might Think
13.9.2020
With the word ‘decentralized’ in its name, you’d think that DeFi (decentralized finance) would be pretty decentralized. If a platform claims to be DeFi, this should mean that it isn’t under the control of any single party or entity, and that it operates as a function of a large and dispersed number...
Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders
13.9.2020
Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve...
Why DeFi, in its current state, is destined to fail
12.9.2020
Like the ICO boom of 2017, DeFi plays to our desire to get rich fast without any responsibilities
SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange
12.9.2020
The U.K.-based Simple Ledger Protocol (SLP) exchange Cryptophyl is closing its doors in order to restructure into a decentralized finance (defi) platform. Cryptophyl has revealed the trading platform will officially go offline on September 21 and is asking customers to withdraw before that period....
Chef Nomi has returned all funds back to the SushiSwap community
11.9.2020
Who would have thought an alleged exit scam could have a happy ending?
To list or not to list, Part 2: Binance listing SUSHI was no big deal
11.9.2020
Opinion: Binance approving and listing SUSHI tokens says more about industry-wide standards rather than Binance’s policy
To list or not to list, Part 1: Binance should not have listed SUSHI
11.9.2020
Opinion: Binance ignored its own guidelines by listing SushiSwap’s anonymous and unaudited token
BTC locked in DeFi increased by 20X the entire Lightning Network this week
11.9.2020
Despite the recent mini price crash, DeFi users have injected more than 20,000 Bitcoin into DeFi projects in the last week, suggesting the DeFi bull run isn’t over