Tag: defi

Oct 22 2020

Binance Smart Chain Unique Addresses Nears 250K in Less Than 2 Months

The Malta-based crypto-exchange Binance is now at the forefront of the DeFi wave despite being a hardcore centralized entity. One of the main initiatives that have helped bolster this is Binance Smart Chain [BSC]. In the latest milestone, the decentralized public blockchain appeared to be nearing $250K in terms of the total number of distinct The post Binance Smart Chain Unique Addresses Nears...

Filecoin – The new decentralized cloud service

Filecoin is a decentralized cloud service for public data with smart contract storage opportunities Filecoin is a B2B and B2C decentralized storage network whose goal it is to reinvent the public data storage market. It was invented by Protocol Labs, an open source laboratory. The first...

ChainLink Can now LINK Your Twitter Handle to an Ethereum address

Summary: ChainLink technology is now being used by Unstoppable Domains to link Twitter handles to public Ethereum addresses This can be used as a form of identity verification and reduces the hustle of double-checking ETH addresses before sending funds The price of ChainLink has also benefited from the news of PayPal offering crypto services to its users Crypto users can now link their...

DeFi Success Story Continues as TVL Peaks Yet Again; Hits $12 Billion

Oct 22 2020 Published at Coingape under tags  chainlink defi defi news ethusd linkusd

The Paypal news triggered massive bullish momentum for Bitcoin which broke above $13k and climbed to levels not seen since last year. This was followed by the rest of the cryptocurrency market following suit which also soared to fresh highs. But the...

Ethereum Stares at $420 Thanks to PayPal as ETH 2.0 Gathers Steam

Summary: Ethereum's value has received a major boost from the PayPal news Ethereum is one of the major digital assets that PayPal's crypto service will support ETH has since broken the $390 and $400 resistance levels with $420 up ahead Progress on ETH2.0 has continued to gather steam with a deposit contract expected any time soon The news of PayPal beginning to offer...

This Yearn.finance (YFI) “competitor,” Harvest, just hit $1,000,000,000 in deposits

Oct 22 2020 Published at CryptoSlate under tags  altcoins defi yfiusd

Most investors lack the knowledge, time, and spare Ethereum to yield farm for themselves. Thus, like with index funds and other "simple" financial products, innovators in the cryptocurrency space have created platforms that automate the process. Yearn.finance is by far the largest of these products. After YFI launched months ago,...

DeFi Will Usurp Legacy Banking Says U.S. Currency Chief

Oct 22 2020 Published at FullyCrypto under tags  blockchain cryptocurrency news defi

Reading Time: 2 minutes Developments in DeFi will eventually see banks being sidelined, says Brian Brooks, the acting U.S. Comptroller of the Currency Brooks likened the DeFi/bank battle to the email/postal service battle Humans need “financial services” not banks, says...

Oct 21 2020

Ethereum Whales Confident of ETH’s Price, Move Funds from Exchanges

Summary: The top 10 Ethereum whales have been moving their ETH from exchanges to non-custodial wallets Exchanges have seen a 20.5% decrease in ETH for the past 2 months The movement of Ethereum out of exchanges is proof that whales and retail investors are confident regarding ETH's long term value The price of Ethereum has received a major boost from the news of...

Silicon Valley will create an Ethereum & DeFi bubble: Analyst

Oct 21 2020 Published at CryptoSlate under tags  defi ethusd

Ethereum's decentralized finance (DeFi) space has seen exponential growth over the past few months. Nothing shows this as well as the total value locked in DeFi contracts, which has risen from around $500 million at the start of the year to $11.5 billion at the local highs. That's a growth of over 2,000 percent in under a year, which is faster than the...

A Yield-Generating Stablecoin: BXTB’s Vision to Transform Yield Farming

Oct 21 2020 Published at Blockonomi under tags  bxtb defi guides stablecoin yield farming

It is up to new projects to find innovative approaches to reinvigorate the DeFi niche, and BXTB is bringing innovation to DeFi. The Covid pandemic, social unrest, and economic turmoil experienced by countries around the world have resulted in a loss of trust in fiat currencies and traditional finance. This combination of factors has caused [...] The post A Yield-Generating Stablecoin: BXTB’s Vision...

Uniswap network fees remain “attractive” despite plunging UNI price

Oct 21 2020 Published at CryptoSlate under tags  defi price watch unibtc uniusd uniusdt

The Uniswap governance token has been seeing some immense turbulence in the time following the launch that took place just a few weeks ago. Upon listing on Uniswap, the token’s price plunged to lows of $1.00 as a flurry of 400 UNI airdrop recipients cashed out their tokens. Shortly thereafter, large buyers stepped in and propelled its price up to highs of $8.50....

Oct 20 2020

ChainLink (LINK) is Now a Borrowable Asset on Binance Loans

Quick take: The team at Binance has added ChainLink (LINK) as a borrowable asset on the Loans platform Uniswap (UNI) and Flamingo Finance (FLM) are also now borrowable on Binance Loans The Binance Loans platform uses the traditional collateralized borrowing Loans can be of 7, 14, 30 and 90 days and repayable in advance ChainLink technology continues to be integrated onto more crypto...

Founder of DeFi’s Yearn.finance (YFI) just launched another Ethereum experiment

Oct 20 2020 Published at CryptoSlate under tags  defi yfiusd

Yearn.finance (YFI) founder Andre Cronje is full of ideas, even after he managed to roll out one of the most successful crypto projects in history. The DeFi innovator recently unveiled his latest experiment, a network called the Keep3r Network, whose native token is KPR....

Aavegotchi Mainnet Staking Is Live, Here’s What You Need To Know

Leading DeFi/NFT hybrid Aavegotchi announced that it's mainnet GHST token staking functionality has gone live on Oct 20. Though, only available for KYC'ed users, staking would generate a non transferable second token FREN, which can be redeemed for NFT cards, collectibles, contest tickets, games, consumables and more!...

Here’s how Uniswap’s token launch has driven SushiSwap to irrelevancy

Oct 20 2020 Published at CryptoSlate under tags  analysis defi uniusd uniusdt

During the course of the recent decentralized finance bull run, SushiSwap was one of the favored platforms amongst investors and farmers, as users could buy Sushi tokens and farm massive yields while also trading on a Uniswap-forked DEX. The platform took a major hit towards the end of the DeFi hype cycle, however, and Sushi prices plummeted after the creator – who...

How This DOJ Strike Force Hunts Down Cryptocurrency Criminals

Oct 20 2020 Published at Unchained Podcast under tags  2020 bitcoin blockchain crime crypto

Magistrate judge Zia Faruqui, and Jessi Brooks, assistant U.S. attorney in the national security section at the United States Attorney’s Office, have prosecuted several cryptocurrency-related cases, many of them amongst the most well-known. In this episode, they talk about: how they came to be involved in the prosecution of so many cases...

DeFi Token Crashes Illustrate Influencer Power is Waning

Reading Time: 3 minutes Several influencer-pushed DeFi coins have crashed in recent weeks, yet they are still trying to push the same kind of token on followers Tokens that used to pump on Uniswap listings are now just dumping, losing followers money The DeFi craze is...

DeFi users deposit $100 million in stablecoins into Ethereum’s latest yield farm

Oct 20 2020 Published at CryptoSlate under tags  defi

It appears that even after a strong retracement, the decentralized finance (DeFi) space is far from dead. This much was made clear when the Ethereum- based Barnbridge project launched its liquidity mining program on Sunday evening. The launch garnered much attention in the DeFi space as the project recently received investments from some top venture funds...

Oct 19 2020

CorionX Partners Fuse to Increase Stablecoin, DeFi Adoption

In its continuous effort to increase users' participation and adoption of stablecoins and decentralized finance (DeFi), Corion Foundation, a non-profit organization, has announced a partnership with Fuse. Corion Foundation made the announcement via an official blog post. The foundation noted that the partnership arose due to both firms' similar vision to enable access to quick, safe, and cheap open finance solutions globally....

This user lost $1m of top DeFi coin Aave (AAVE) by accident: here’s why

Oct 19 2020 Published at CryptoSlate under tags  aaveusd altcoins defi lendusd

Just recently, top Ethereum decentralized finance project Aave began transitioning its native token LEND to a new token called AAVE. LEND had become outdated as it was named after the project's predecessor, ETHLend, and lacked certain technical and economic functionalities. While this...

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