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Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI
12.10.2020
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to...
Group raising funds to sue Andre Cronje over EMN hack
11.10.2020
Cronje may have gone silent on Twitter, but it hasn’t stopped people from trying to sue him for the EMN hack
DeFi Governance Tokens Face Three Challenges
11.10.2020
DeFi hasn’t always been particularly decentralized, with many of the major platforms and projects beginning with core teams who controlled their initial development.
It seems that this has somewhat changed in recent months, with the rapid ascent of DeFi almost forcing the ecosystem to introduce...
Wolf of Wall Street on steroids: DeFi may be a bubble, but it’s making us stronger
11.10.2020
We’re in the middle of the greatest wealth transfer in human history, with DeFi finally solving the problem of financial inclusion
Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%
11.10.2020
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi)...
Ethereum miners made 450K ETH from high network fees during DeFi peak
11.10.2020
On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze
Yearn.finance (YFI) gains 36% as DeFi tokens follow Bitcoin’s bullish trend
10.10.2020
Yearn.finance (YFI) price surged by 58% in the last few days as three key factors suggest investors expect further upside
SEC’s conservative approach to crypto needs to change- SEC’s Peirce
10.10.2020
“Crypto Mom” Hester Peirce admits the SEC can be slow in giving guidance, but she sees the regulator becoming more open to change
Bitcoin runs crypto markets, but DeFi tokens don’t follow its lead
10.10.2020
DeFi tokens have been around for a few months now — long enough to plot some recurring trends that show some clear patterns
SmartSwap™ from TrustSwap is the Escrow Service DeFi's Been Waiting For
10.10.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Since the beginning, the cryptocurrency industry has featured some high-flying projects and plenty of promises of what was to come. Experts in global finance have hailed the development of the technology that...
Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral
10.10.2020
There’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors. The project called Boringdao, a decentralized bridge between Ethereum and alternative blockchains, plans to launch...
Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting
10.10.2020
The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also...
Yearn.Finance’s Creator Says He’s Quit DeFi, but Project Has Bench Strength
9.10.2020
Andre Cronje, the prolific coder and creator of Yearn, said he's quit the project – and decentralized finance (DeFi) altogether – out of frustration with its realities
Bloomberg: Biden election would be good for Bitcoin, bad for DeFi
9.10.2020
Biden's administration may not have the same "hands-off" approach to crypto regulation, contends Bloomberg
Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze
9.10.2020
Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340...
Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action
9.10.2020
Bitcoin slumped to $10,500 in the first week of October and has recovered above $11,000. Traders explain what happens next for BTC
CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round
9.10.2020
9th October 2020, Zug, Switzerland – The non-profit Corion Foundation is pleased to announce a new partnership with the Syscoin Foundation. The foundation partnership is the result of a shared vision to make global access to swift, safe low-cost Open Finance solutions a reality....
Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI
9.10.2020
On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals...
SEC Commissioner Peirce Weighs in Defi Token Regulation Debate: Panel Predicts Defi Will Self Correct in Twelve Months
9.10.2020
The U.S. Securities and Exchange Commissioner, Hester Peirce says while defi tokens carry some equity-like benefits, she believes that giving something away is distinct from selling something. As a result of this lack of clarity, Peirce says questions about the regulatory structure and how these...
Bitcoin price fundamentals in ‘moon mode’ as BTC held on exchanges drops
8.10.2020
Analysts believe Bitcoin’s on-chain fundamentals point to a 2017-style bull run