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yearn.finance Loses Crown To Bitcoin While Cronje’s Keep3r Rallies 1,000%
29.10.2020
DeFi darling yearn.finance (YFI), a token that was beating out bitcoin (BTC) for the top spot as the most valuable crypto on the market, keeps tanking while its founder’s new token skyrocketed by more than 1,000% in a day.
Despite BTC being the most popular cryptocurrency in the world, garnering...
Asian Banks Prepare Crypto Takeoff as Thailand’s SCB Revs DeFi Engines
29.10.2020
Siam Commercial Bank (SCB), one of Thailand’s biggest commercial banks, is set to invest in a local DeFi player through a subsidiary – in a week when banks all over Asia have shaped up to make major moves in the crypto scene.
Per an official announcement from the Thai “ecosystem of cross-chain DeFi...
Harvest Finance Attacked, Reportedly USD 24M Lost, FARM Down 50%
26.10.2020
Source: Twitter/@harvest_finance
Another decentralized finance (DeFi) project, Harvest Finance, has suffered a flashloan attack that lasted for seven minutes, with reportedly at least USD 24m exploited.
The DeFi side of the Cryptoverse has been on high alert in the last six hours, with many...
Dash Rallies On A DeFi Bridge
20.10.2020
Dash (DASH), one of the most widely adopted cryptocurrencies in the market, outperformed 98 largest coins by market capitalization today, rallying on a decentralized finance (DeFi)-related partnership news.
At the time of writing (12:08 UTC), DASH is trading at a price of almost USD 74, jumping...
Ex-bank Boss Lebedev Says 'Parasitic' 'Banks Pocket Clients Money,' Touts DeFi
13.10.2020
Alexander Lebedev. Source: a video screenshot, Youtube/Александр Лебедев
A Russian media mogul and former bank chief who is set to launch an ambitious new, DeFi-themed cryptobank project in Switzerland has taken a swipe at the conventional banking system and countries that allow themselves...
Decentralized Exchange on Ethereum Is Not Sustainable - FTX CEO
8.10.2020
Despite this summer’s success for Ethereum (ETH)-based decentralized exchanges (DEXes) like Uniswap and its fork SushiSwap, the SushiSwap saviour and CEO of centralized crypto derivatives exchange FTX, Sam Bankman-Fried, argued that Ethereum – as it is now – is not the best place to host...
No DeFi Bubble, But Merely ‘a Blip’
7.10.2020
Despite people arguing that a bubble is currently deflating in the decentralized finance (DeFi) space, the popular author and crypto venture capitalist Chris Burniske suggested remembering 2017 to get a better perspective of what a bubble really is.
Burniske, who is a partner in the crypto-focused...
BitMEX Case Might Prompt a Closer Regulatory Look into DeFi
6.10.2020
The latest crackdown on the world’s first crypto derivatives exchange, BitMEX, might turn the regulatory eye towards the decentralized finance (DeFi) space, said financial services platform BitOoda.
"In our view, we will not be surprised if/when regulators take a closer look at DeFi platforms...
DeFi Darling yearn.finance Crashes 60% From ATH, Analysts Still Optimistic
6.10.2020
Known as one of the hottest decentralized finance (DeFi) tokens of the year, yearn.finance’s YFI token is now down by close to 60% from its all-time high just over three weeks ago.
At the time of writing (11:50 UTC), YFI was down by 6% over the past 24 hours, and down by just over 31% over...
BitMEX Crackdown Will Fuel DeFi, Industry Insiders Say
2.10.2020
A recent crackdown by US regulators on the crypto derivatives exchange BitMEX has shown once and for all that decentralization is the way to move forward for those offering crypto-related services, several industry insiders argue.
According to the decentralized finance (DeFi)-focused newsletter...
Venezuela Wants to get into DeFi with Ethereum-powered Stock Exchange
2.10.2020
Not content with its plans to use bitcoin (BTC), altcoins and its own state-issued petro (PTR) coin in international trade deals, the Nicolás Maduro-fronted government of Venezuela now appears ready to take the plunge into the world of DeFi. Well, sort of.
The Venezuelan National Superintendency...
Gemini Goes DeFi, IRS To Ask About Bitcoin, Securitize Finds 130 Clients + More News
25.9.2020
The Winklevoss twins. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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US-headquartered crypto exchange Gemini said that it is "committed to building a trustworthy skybridge for...
DeFi Sell-Off Just ‘a Pullback,’ Boom Not Over Yet - Analysts
24.9.2020
Despite a recent slump in the prices of many popular DeFi-related tokens, the ‘DeFi summer’ of 2020 is not over yet, analysts claim.
According to data from Coinpaprika, the absolute majority of the tokens that are listed in the site’s ‘DeFi’ category are now in the red over the past...
As DeFi Cools, Altcoin Pump Addicts Smell Fresh Blood in NFTs
22.9.2020
As the correction hit the DeFi (decentralized finance) sector, market players, spoiled by quick DeFi profits, are now looking for new targets to pump and are setting their eyes once again on a particular existing type of tokens to use as fresh blood - non-fungible tokens (NFTs).
Ari Paul, Chief...
Before Correction, 70% Of Yield Farmers Planned to Stay In The Field - Survey
22.9.2020
In the male-dominated field of yield farming, the majority of DeFi (decentralized finance) farmers plan to continue the activity despite high risks and fees, found a recent survey by major ranking website CoinGecko. However, the answers were collected before the major correction in the market this...
UNI Token Crashes Despite Uniswap’s Rise as Largest DeFi Protocol
21.9.2020
Despite Uniswap climbing to become the largest decentralized finance (DeFi) protocol by total value locked (TVL), its newly issued UNI token crashed in the market today along with many other DeFi tokens.
As of press time (12:02 UTC), UNI traded at USD 4.35, having gone down 23.35% over the past...
Is Uniswap (UNI) a Security? Lawyers Divided, While Token Skyrockets
18.9.2020
As the DeFi gravy train keeps on rolling, lawyers have begun to ask the question that will likely one day end up on the lips of regulators: Are tokens like uniswap (UNI) securities?
With debates now raging on Twitter, a number of legal experts have been wading in with their two cents – as...
While DeFi Tokens Are Selling Off, Total Value Locked Jumps
16.9.2020
After seeing a near-meteoric price rise this summer, the tokens of many well-known DeFi protocols were hit by a wave of selling pressure today, causing most tokens in the space to drop between 5% and 20% over the past 24 hours. However, the total value locked in DeFi jumped sharply today.
As...
DEX Volumes Receive Automated Market Makers Boost
15.9.2020
The rapid development of automated market makers (AMMs) is one of the main forces driving the expansion of decentralized exchanges (DEXs), which surpassed 5% of total crypto exchange volume last month, per a new report.
Over 90% of DEX volume is currently generated by AMMs, according to research...
3rd Incident Hits bZx - Debt Up by USD 8m, Team Still Praises the Protocol
14.9.2020
DeFi lending protocol bZx (BZRX) confirmed that "due to a token duplication incident" its insurance fund "has transiently" accrued debt of around USD 8m.
At pixel time (08:05 UTC), BZRX, ranked 138th by market capitalization, trades at USD 0.439 and is down by 32% in a day...