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Ripple CEO Confirms Strategy, DeFi Locks USD 5.6bn + More News
14.8.2020
Brad Garlinghouse. Source: a video screenshot, Youtube, Ripple
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Altcoins news
Ripple CEO Brad Garlinghouse responded to The Financial Times report...
Cryptoverse in Chaos: Giants Race for New DeFi Darling Curve, Yam Plots Comeback
14.8.2020
The governance token CRV of Curve, exchange liquidity pool on Ethereum (ETH), was launched prematurely by an anonymous 'Chad,' and major exchanges moved to list it, as numerous theories are flying around, while YAM announced its transition to 2.0. This all happened in a matter of hours.
The...
Multimillion DeFi YAM Gets Rotten as Bug Eats Its Market Cap
13.8.2020
The 'Save YAM' operation failed, as a flaw that prevents the hottest, two days old decentralized finance (DeFi) project from being rescued has been discovered. Hover, the team behind it announced the project's second version.
According to the latest update,Yam Finance (YAM) discovered that...
Alarm Sounds As Hot & Unaudited DeFi Potato, YAM, Locks USD 387m In Hours
12.8.2020
Apparently, decentralized finance (DeFi) is not risky enough for some people - the riskier the better(?). These have found a new thing to make seemingly popular, namely, pouring millions in an experimental and unaudited project.
First, there was yield farming in the wild world of DeFi, spiced...
While Compound’s Locked Value Grows, COMP Tanked 60% Since June Highs
5.8.2020
Following a divergence between the price of the Compound platform’s COMP token and the total value locked (TVL) in the DeFi (decentralized finance) platform, early token investors are now being accused by some for dumping their tokens on the market.
Popular crypto investor Andrew Kang wrote...
Hacked DeFi Platform Opyn Says They Will Reimburse the Victims in Full
5.8.2020
Options issuance platform Opyn said that they would reimburse the victims of a hack that occurred less than a day ago.
"We will be reimbursing ETH put sellers in full who were affected by the vulnerability," Opyn said this morning (UTC time). They added that more details on...
DeFi Darling Ampleforth Crashes as Unique Feature Burns Traders
30.7.2020
After an epic rally in June and July, the grim reality has now dawned on traders trying to profit from moves in ampleforth (AMPL), as a unique feature of the hyped DeFi (decentralized finance) protocol is burning traders who didn’t pay attention to crucial details in the coin’s technical design.
As...
DeFi Moves: Maker, Ampleforth Hit Milestones, YFI Corrects '100x' Gains
27.7.2020
Source: Adobe/Сергей Шиманович
After a wild ride higher in recent months, tokens in the decentralized finance (DeFi) space are taking a breather today, while the growth in total USD value locked in DeFi protocols is also on pause after more than 10 days of uninterrupted growth.
In terms of total...
Four of South Korea’s Biggest Banks to Provide Data for DeFi Platform
24.7.2020
Four major South Korean banks said they will contribute to a blockchain-powered decentralized finance (DeFi) solution for foreign currency exchange rates.
Per D Daily, Shinhan Bank, IBK Bank, KEB Hana Bank and Nonghyup (NH Bank) will take part in a joint project involving Oracle’s Chainlink (LINK)...
Aave’s LEND Falls Further While Value Locked Grows
23.7.2020
After seeing massive growth in its price over the past couple of months, LEND, the native token of decentralized finance (DeFi) platform Aave, extended its correction today with a fall of 6.6% over the past 24 hours, while the majority of top 50 coins are in the green today.
The latest fall...
YFI Grabs Yield Farmers' Attention as DeFi Hits USD 3bn Milestone
21.7.2020
It's getting busier in the world of decentralized finance (DeFi) every day: the total value locked surpassed USD 3 billion, while a new governance token took the yield farming spotlight.
DeFi has been hitting major milestones over the past few months, with the total value locked (TVL) rising...
Aave's LEND Skyrockets by 8,000% Against Bitcoin In 'Over-extended' Rally
20.7.2020
After a strong rally in the past few months, LEND, the native token of Aave, the third biggest DeFi (decentralized finance) platform by total value locked (TVL), is now up by 8,087% against bitcoin (BTC) in the past 12 months while long-term investors dumping their coins on FOMOing buyers....
DeFi on 'Tesla's Path' as Tokens Skyrocket On Hopes, Not Results
16.7.2020
Decentralized finance (DeFi) earnings took a downturn in the second quarter of 2020, but DeFi tokens are rocketing to new highs thanks largely to yield farming – suggesting DeFi could become the financial industry’s answer to Tesla.
American electric card producer Tesla is famously valued at around...
Sign of ‘Retail Frenzy’ as DeFi Token Sale Gets Oversubscribed 46 Times
16.7.2020
A new initial exchange offering (IEO) on crypto exchange Gate.io has recently raised eyebrows in the crypto community with a sale that got reportedly oversubscribed a whopping 45 times.
The token in question is the Meter Governance Token (MTRG) from a project known as Meter, which describes itself...
Yield Farming ‘Frenzy’ Didn’t Boost DeFi User Numbers
16.7.2020
A new report has found that so-called “yield farming” has taken the decentralized finance (DeFi) scene “by storm” of late – but has failed to bring large amounts of new people to the DeFi table, and has done little to help the “DeFi community grow beyond its current borders.”
These were...
Ethereum's Buterin Calls DeFi-powered Yield Farming ‘Unsustainable’
14.7.2020
Ethereum (ETH) Co-founder Vitalik Buterin said he has a bit of “love and hate” for the influx of decentralized finance (DeFi) apps that have been built on the network of late – although he labeled them “valuable and essential” to the blockchain's community.
Speaking in an interview with Ryan Sean...
DeFi ‘Incident’ on Uniswap Brings Trader Massive Profit in Minutes
14.7.2020
A recently discovered ‘incident’ on the popular decentralized token swap platform Uniswap has sparked a discussion online, as some claim that an algorithm drove up the price of the bZx protocol’s BZRX token and then “dumped” it on retail users.
The discussion today first started after Roman Storm...
Value Locked In DeFi to More Than Double in 2020 - Spartan Capital’s Koh
13.7.2020
Despite already seeing huge growth this year, some investors believe the decentralized finance (DeFi) space has much more room to grow before the party is over, and that total value locked could still more than double in the next six months.
The latest prediction for the future of the DeFi market...
Blockchain Bites: COMP x2, Reddit Scales and Factom Goes Bankrupt
19.6.2020
The COMP governance token is seeing massive gains and potential listings on Coinbase Pro and CoinFlip, while Reddit looks to scale its Ethereum-based project
Blockchain Bites: The Government Won’t ‘Kill DeFi’ but FATF Might Compromise Anonymity
14.5.2020
Consensus: Distributed saw discussions over the constitutionality of FATF's Travel Rule and why regulators want DeFi in the U.S