DeFi

DeFi Offers Potential Investment Opportunities said HyperChain Capital

Decentralized finance, or DeFi, offers potential growth opportunities said the chief executive of digital assets management company HyperChain Capital. HyperChain CEO Stelian Balta said DeFi “has a huge opportunity to grow” and that digital currencies and blockchains are something the company continues to look on with interest.  “I believe DeFi space has a huge opportunity …

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Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation

Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read …

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Money Reimagined: Bitcoin and Ethereum Are a DeFi Double Act

Tensions between the Bitcoin and Ethereum tribes have been stirred by a trend that outsiders might see as a sign of harmony.  Throughout June, the amount of tokenized bitcoin on Ethereum, the bulk of it in WBTC, a special ERC2 token known as “wrapped bitcoin,” soared from 5,200 BTC to 11,682 BTC – now worth …

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There Are More DAI on Compound Now Than There Are DAI in the World

We might be entering into the era of genetically modified yield farming. Or maybe decentralized finance (DeFi) just doesn’t make sense anymore. There are currently far more DAI in supply on Compound than there are DAI in the world, at least according to the numbers reported by Compound’s website. Assuming that nothing has gone awry …

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DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom

Nexus Mutual is maxed out covering the risks associated with decentralized finance (DeFi) platforms. “Our product has honestly seen massive interest since yield farming kicked off,” Nexus Mutual founder Hugh Karp told CoinDesk in an email. “With potential yields being so lucrative many users are looking to protect themselves against the risk of smart contract …

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Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy

The daily distribution of the Compound protocol’s COMP token will soon change dramatically. Compound governance proposal #11 passed today at 18:37 UTC. It will go into effect in two days, after the cooling-off period passes. When that happens, it’s very likely yield farmers will exit the riskiest markets of basic attention token (BAT) and 0x …

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LGBTQ+ in Blockchain/Crypto: A Safe Space With Room for More Inclusion

Technology has become central to everyday life. From finding new ways to make money smarter to communicating with each other, humankind is reliant on technology companies to provide these services for us. But despite its great influence over modern life, tech still faces a diversity problem. While some progress is beginning to be made, a …

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Hacker Steals Balancer’s COMP Allowance in Second Attack Within 24 Hours

We recently reported that the Balancer DeFit protocol suffered a $500,000 attack. Less than 24 hours later, a second attack claimed about $2,300 worth of Compound tokens (COMP). Hao, an engineer at DeBank, tweeted that an attacker was able to fool the Balancer system into thinking he was owed a significant portion of the COMP …

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Bubbling Over the Top? DeFi Sector Heats Up in June, Raising Concerns

Decentralized finance is all about cutting out traditional financial intermediaries such as banks. Through the use of blockchain technology, DeFi platforms allow individuals to generate money against their own assets, becoming their own bank, as it were. As an exciting new business paradigm, the DeFi sector has been warming up for some time. But during …

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Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain

Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more. …

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