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Maker community thanks yEarn for seemingly restoring DAI peg
3.9.2020
A massive yield farming strategy finally provides a mechanism to push the DAI price down
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
3.9.2020
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid...
Money Market Protocol Aave Settles $300 Million in Defi Flash Loans
2.9.2020
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time...
Compound governance proposal seeks to end COMP yield farming craze
26.8.2020
A Compound proposal could put a major dent in the profits for all yield farmers
Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
26.8.2020
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi...
Riot Blockchain Buys 8,000 of Bitmain’s Latest Bitcoin Miners, Company Targets 1.5 EH/s by 2021
25.8.2020
Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million. In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight...
The Aave protocol beats Maker and Compound to become #1 in DeFi rankings
25.8.2020
The race for first place in DeFi’s total value locked heats up
Aave’s LEND Soars, Flips Maker as UK Regulatory Approval is Secured
25.8.2020
Decentralized finance (DeFi) platform Aave’s LEND token is soaring in the crypto market today, after Aave’s UK business entity was finally granted an Electronic Money Institution license by the UK’s financial regulator yesterday. Furthermore, it flipped Maker (MKR) as the largest DeFi platform...
Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
19.8.2020
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies...
Bitcoin and Tesla: America’s Most Loved Assets on Tradingview
15.8.2020
Tradingview said Friday that bitcoin and Tesla, the electric car maker and clean energy firm, are America’s most viewed assets on the charting platform. Bitcoin (BTC) has climbed over 60% year-to-date, with the price reaching $11,900 at Press time. The rise has drawn in thousands of...
Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO
13.8.2020
Getting all the facts right is hard, especially when you don’t have internet access
Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug
13.8.2020
A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited....
Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern
12.8.2020
New data shows more than 50% of DAI is locked in Compound and this raises concerns about DAI’s long term prospects
Bison Trails Now Supports ‘Flow’ Blockchain From CryptoKitties Maker Dapper Labs
11.8.2020
Bison users can now build apps, games and more on Dapper Lab's scalable blockchain
Yield Farming Fuels Buzz Around DeFi, but Fundamentals Are Lagging
9.8.2020
DeFi has been the name of the game since the start of the summer, but how much is the sector really growing?
Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control
7.8.2020
Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker...
IDEX Raises $2.5M to Rebuild Hybrid Exchange for Algorithmic Traders
6.8.2020
The seed investment will be used to re-launch the Ethereum-based exchange so algorithmic traders can better use the platform
Santiment Reveals Top DeFi Platforms by Development Activity
6.8.2020
Maker, Synthetic, Band Protocol, and Augur are the top DeFi platforms in terms of developer activity
Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days
3.8.2020
Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled...
Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success
31.7.2020
The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1