Why DeFi, in its current state, is destined to fail
Like the ICO boom of 2017, DeFi plays to our desire to get rich fast without any responsibilities. Go to Source Powered by WPeMatico
Month: September 2020
Framework’s Michael Anderson: ‘Ethereum is where DeFi will continue to be’
One of DeFi’s most active, successful investors shares his thoughts on yield farming, the origin of LINK Marines, and how DeFi will evolve. Go to Source Powered by WPeMatico
Rumors of DeFi’s demise have been greatly exaggerated: weekly recap
The DeFi cryptocurrency space is attempting to rebound after an eventful week that saw Bitcoin price recover above $10,000. Go to Source Powered by WPeMatico
European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law
The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing a leaked 167-page draft crypto proposal. According to the report, the regulation will seek to tackle bitcoin’s … Read more
Bullish pennant hints at Bitcoin price breakout to $11,300
Bitcoin price is consolidating into a tighter range as traders appear ready to test the $10.5K resistance. Go to Source Powered by WPeMatico
SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange
The U.K.-based Simple Ledger Protocol (SLP) exchange Cryptophyl is closing its doors in order to restructure into a decentralized finance (defi) platform. Cryptophyl has revealed the trading platform will officially go offline on September 21 and is asking customers to withdraw before that period. Just recently the SLP token trading platform Cryptophyl has revealed it … Read more
A Gov official in South Korea proposed the nation’s first blockchain voting platform
This region in South Korea may adopt a blockchain voting system. Go to Source Powered by WPeMatico
Would Bitcoin suffer if the lead maintainers were kidnapped by aliens?
As lead maintainer Wladimir van der Laan takes a break from Bitcoin duties, we ask what would happen if the entire Github maintenance team disappeared. Go to Source Powered by WPeMatico
Sushiswap Creator Returns $14 Million After Community Cries Exit Scam
One week after the Sushiswap creator was accused of an exit scam, he has returned all of the coins he cashed out. The anonymous creator also apologizes to the community, including to Binance which came under fire for listing the sushi token. Sushiswap Creator Says ‘Sorry’ The creator of Sushiswap, the anonymous Chef Nomi, has … Read more
A DeFi bull run might take $400 Ethereum options traders by surprise
September’s Ethereum call options data are not in favor of traders expecting $400 ETH but a DeFi bull run could change this. Go to Source Powered by WPeMatico