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Cosmos, Polkadot Join Terra In New DeFi Savings Project


Guided by a belief that decentralized finance (DeFi) is still missing “a simple and convenient savings product,” South Korea-based stablecoin issuer Terra (LUNA) has revealed Anchor, a new DeFi project. The new platform will be governed by a newly formed organization the Interchain Asset...

Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020


Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2020, according to a new report by Cryptocompare. The decline may be the result of a lull in investor interest in the instruments during the month in review. In May, derivatives – contracts...

China Adds New Blockchain Post to List of ‘Officially Recognized Jobs’


Chinese authorities have placed another blockchain-related post on the nation’s official list of jobs. Per the People’s Daily, the official newspaper of the Chinese Communist Party, the Ministry of Human Resources and Social Security, the State Council body responsible for national labor policies...

A New Price Valuation Model Says $10,670 Fair Value For Bitcoin


Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this past Thursday, Seba says the model’s estimate relies...

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