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Crypto.com Goes DeFi, Pomp's New Fund, 1st Wave Of Tokenized Whiskey + More
11.9.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Crypto.com said it launched DeFi Swap, "a decentralized protocol deployed on the Ethereum blockchain" for swaping...
yearn.finance Creator Has New Idea, YFI Rallied On Coinbase Pro News
11.9.2020
One of the currently most popular projects in the decentralized finance (DeFi) space, yearn.finance (YFI), revealed StableCredit, a new protocol for decentralized lending, stablecoins, and automated market makers (AMMs).
"StableCredit is a protocol that combines tokenized debt stable coins...
Get Ready for 'CeDeFi' While Crypto CEO Warns of a DeFi Bubble
11.9.2020
Major crypto exchange Binance announced that they are attempting to bridge decentralized (DeFi) and centralized finance (CeFi) via a new support fund, prompting discussions of the creation of "CeDeFi." At the same time, crypto market data provider Messari CEO warned of a DeFi bubble...
Uniswap DeFi Trader Tells a Story Of Exploiting A Bug and Making USD 270k
10.9.2020
An alleged trader on the Uniswap decentralized exchange claims she/he made close to USD 270,000 in profits after exploiting a bug with the rebase functionality of the recently listed token Soft Yearn (SYFI).
The claim was made through an anonymous Twitter account called Amplify on Monday this week...
As SushiSwap Drains Liquidity From Uniswap, Aave Leads In DeFi
10.9.2020
Following SushiSwap (SUSHI)'s completed migration from the major decentralized exchange Uniswap to its own decentralized exchange, taking hundreds of millions of dollars in liquidity with it, Uniswap fell from the throne of dominance, with crypto lending protocol Aave (LEND) sitting in its place...
Ethereum To Keep Its DeFi Throne For At Least 3 Years - Survey
10.9.2020
Talking to "several high-profile decentralized finance [DeFi] projects" about the future of this sector, provider of crypto market data CryptoCompare found that most said "Ethereum (ETH) won’t be replaced as the go-to blockchain network for DeFi" in the next...
USD 1m in Limbo as DeFi 'Rookie' Sends Funds To Wrong Address
8.9.2020
Somebody sent USD 1m to Swerve Finance contract today, with the Cryptoverse initially presuming that the sender would never see their money back. As it turns out, the fortune (pun intended) might be smiling upon the sender at the moment.
In a move which some described as "brutal,"...
SUSHI Trims Losses as FTX CEO Takes Control of SushiSwap
7.9.2020
SUSHI, the native token of a recently launched DeFi protocol, SushiSwap, recovered some of its losses after Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, agreed to take over admin keys to the protocol from Chef Nomi, the anonymous creator of SushiSwap.
At pixel time (09:42 UTC), SUSHI...
Animoca Sells Out 7.5m of New REVV in Minutes, Announces Further Plans
5.9.2020
Animoca Brands' flash sale saw more than seven million of its new REVV token sold out in less than 20 minutes. The Hong Kong-headquartered publisher of mobile games also announced new games wherein the token can be used, as well plans for their gaming community and collectible platform.
Just three...
Safety Second: Top DeFi Projects By Highest Audit Scores
4.9.2020
The anonymous DefiSafety team looked into popular decentralized finance (DeFi) projects and their codes, scoring each platform, and finding that six have overall scores above 80%, with Synthetix Exchange leading the list. SushiSwap, on the other hand, got a score of less than 20%.
As said,...
DeFi ‘Sucks in’ Billions in Newly Issued Stablecoins
4.9.2020
In the past three months, during the DeFi (decentralized finance) frenzy, the market capitalization of the five largest stablecoins increased by 52%, to almost USD 16.6bn, data shows.
While the most popular stablecoin, tether (USDT), increased its market capitalization by 47%, to more than...
Yearn.finance's yETH Vault Getting Filled With Ethereum
3.9.2020
The yETH vault from yearn.finance (YFI), a vault for yield farming with ethereum (ETH), was launched a day ago, and it's growth could hardly go unnoticed.
The Cryptoverse is today focused on the yETH vault, and particularly its overnight growth. People were commenting on it holding ETH 215,000...
Blockchain Bites: How SushiSwap Drove Uniswap to DeFi’s Top Spot
2.9.2020
A South Korean crypto exchange has been raided by police, Bitcoin's Lightning Network hit a new high and mining revenues are climbing
After Bashing Yield Farming, Buterin Offers a 'Billion Dollar' DeFi Idea
1.9.2020
Vitalik Buterin. After criticizing yield farming once again and looking for a “least favorite DeFi project”, Ethereum (ETH) Co-founder Vitalik Buterin revealed his own vision for a new decentralized finance (DeFi) project.
This time, it’s about forking Maker (MKR).
“All I want for [DeFi] is...
DeFi, DEXs, Stablecoins, Chainlink - All Scam, Says Craig Wright
31.8.2020
Craig Wright. Source: a video screenshot, Youtube, Crypto Finder
Pretty much the entire decentralized finance (DeFi) ecosystem, including decentralized exchanges (DEXs) and platforms aiming to be decentralized oracle networks, namely Chainlink (LINK), and in addition to stablecoins - are all scams...
New Craze is Served on the DeFi Table, Competing with Uniswap - Sushi
31.8.2020
There is a new item on the decentralized finance (DeFi) table - SushiSwap. While some find it a potential threat to decentralized exchange protocol Uniswap, others are expecting its demise. That said, it's been recording some strong numbers in terms of daily trading volume and total value locked....
Aave’s LEND Soars, Flips Maker as UK Regulatory Approval is Secured
25.8.2020
Decentralized finance (DeFi) platform Aave’s LEND token is soaring in the crypto market today, after Aave’s UK business entity was finally granted an Electronic Money Institution license by the UK’s financial regulator yesterday. Furthermore, it flipped Maker (MKR) as the largest DeFi platform...
YAM Will Never 'Become Money', YFI Exceeds Bitcoin Price
20.8.2020
Despite branding itself as money, the much-discussed and recently troubled decentralized finance (DeFi) token YAM will never achieve this, and real utility for the token must be found to keep the bubble from popping, popular crypto researcher Hasu said. Meanwhile, DeFi token YFI became the first...
Flood of Yield Farming Projects Likely Coming to Cryptoverse - Report
19.8.2020
Ethereum (ETH) decentralized finance (DeFi) protocols, such as the troubled Yam Finance yield farming project, are expected to rise in popularity in the coming months, with industry observers saying that the extremely high yields they offer encourage the rapid development of communities that...
Russia’s Expobank Bank Issues Country’s First Crypto-Collateral Loan
19.8.2020
The Russian bank Expobank says it has issued the nation’s first-ever crypto-backed loan – despite the fact that the country has recently introduced a new law that prohibits the use of tokens as a form of payment.
Per a report from media outlet Kommersant, the loan was secured by using tokens issued...