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Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies
20.1.2021
Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real...
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...
Crypto Derivatives Surge, Bitcoin Options Open Interest Climbs to $9.6 Billion
19.1.2021
Bitcoin options open interest has reached $9.6 billion according to derivatives market data as the metric is nearing the high captured on January 7, 2021. Moreover, the aggregate open interest in bitcoin futures is steadily nearing all-time highs. While cryptocurrency spot markets have...
Bandot & Tidal Finance Unite to Offer Insurance for Users
19.1.2021
Tidal Finance, a secured security interface that favors the creation of decentralized insurance pools, has announced its new partnership with Bandot, Polkadot’s first stablecoin credit channel. The integration will help Tidal Finance offer decentralized insurance tools to support Bandot’s pledge...
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Yearn.finance eyes new all-time high — Can YFI price reach the next $66K target?
18.1.2021
YFI price can break above $50,000 if Bitcoin continues to consolidate in the near term
Core contributors, investors debate Yearn token mint
18.1.2021
After a stormy weekend for DeFi's original yield vault, dust is settling and a path forward is being paved
Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst
17.1.2021
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due...
Bahamas-Based Deltec Bank Holds a ‘Large’ Bitcoin Position
16.1.2021
Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers. Deltec Executive Discusses Bitcoin Position According to the video uploaded to...
$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite ‘Insane’ Trading Fees
16.1.2021
During the last 12 months, Ethereum-based decentralized finance (defi) solutions and decentralized exchange (dex) platforms have been very popular. Dex applications, in particular, have seen massive demand and during the last 30 days, dex trade volumes have reached $39 billion in swaps. However...
Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano
15.1.2021
Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world
Cream Finance leaps into DeFi ‘corporate debt’ with Iron Bank launch
14.1.2021
The Iron Bank feature will allow protocols to borrow funds without posting collateral
Finance Redefined: If it ain’t broke, don’t fix it? Jan. 6–13
13.1.2021
A DeFi dev’s vent highlights why traditional investment has its merits
An online future for finance is inevitable, says OCC's Brooks
13.1.2021
Brooks considers the migration of the financial system onto the internet "inevitable."
Yearn proposes “buyback and build” strategy for YFI holders
13.1.2021
Instead of receiving dividends, Yearn.finance would buy and redistribute tokens with protocol revenue
Uniswap's growth lead bites back over Yearn Finance’s SushiSwap merger
13.1.2021
Uniswap’s growth lead, Ashleigh Schap, has slammed Yearn Finance founder Andre Cronje for complaining about forked projects in the DeFi sector
Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral
12.1.2021
A clever way for bitcoin miners to get better loan terms
Emerging DeFi Platform YFDAI Finance Launches SafeSwap and Launchpad, More Products to Follow
11.1.2021
PRESS RELEASE. YFDAI Finance, a prominent decentralized finance (DeFi) project has recently announced the launch of two prominent products as it works towards strengthening its position in the sector. These products include SafeSwap – a DEX (decentralized exchange) platform for the YFDAI...
Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin
11.1.2021
According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden...
ETH Fees Surge to All Time High After the Crypto Passed the $1,000 Mark
10.1.2021
After the ether token surged past the $1,000 mark on January 3, the average transaction fee on the network similarly soared to a new all-time high (ATH) of $17.41, some 24 hours later. Although the average fee has since retreated, data on January 8 shows that the latest average fee at $9.79. This...