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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...
Defi Platform Bzx Recovers Stolen $8.1 Million From Hacker
17.9.2020
Decentalized finance (defi) protocol Bzx has recovered the $8.1 million it lost to a hacker a few days ago. The company claims it was able to track down the cyber thief, whom it refused to name for legal reasons, through their on-chain activity. Cornered, the attacker returned the loot. “All...
Governments vs. Networks: The Battle for the Soul of Finance
16.9.2020
Governments have significant discretion over economics and finance today, but decentralized network-driven alternatives threaten that control
Kind of a big dill: Pickle.Finance TVL exceed $347M in 4 days
16.9.2020
Investors are salivating for pickles after DeFi protocol Pickle.Finance locked $347 million in it’s liquidity pools
Yam Finance readies for less-disastrous relaunch
16.9.2020
Yam is gearing up for its V3 release later this week after undergoing a security audit from PeckShield
Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year
16.9.2020
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...
Russia’s largest bank joins blockchain trade finance platform
15.9.2020
The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance
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
Top crypto traders explain why Yearn.finance (YFI) may top $50K soon
15.9.2020
Analysts believe DeFi sector growth could push the price of Yearn.finance (YFI) to $50,000 in the short term
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...
Elastic Finance makes its case in the DeFi discussion
14.9.2020
Is this new DeFi trend here to stay?
Top 5 Cryptocurrencies to Watch This Week: BTC, BNB, NEO, YFI, LINK
13.9.2020
Bitcoin remains stuck in a tightening range but select altcoins may begin moving higher if they bounce off their key support levels
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...