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The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the […]
The post Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours appeared first on Bitcoin News.
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MakerDAO posts records in value locked as yield farmers create new Dai and Ether rallies.
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A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.com shows there’s only 160 […]
The post Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation appeared first on Bitcoin News.
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Balancer hacked twice within 24 hours, though this time the sum is relatively small.
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Surprise Binance listings have led to a sudden 25% spike in the price of Compound’s Governance Token.
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The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come […]
The post Crypto Lending Platforms Prepare to Assail the Banking System appeared first on Bitcoin News.
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On March 4, cryptocurrency-backed USD lending platform Blockfi announced the launch of a new savings program called the Blockfi Interest Account (BIA). Having started as a private beta service, BIAs are now available to the public who can store bitcoin core (BTC) and ethereum (ETH) and receive 6 percent annual interest, paid monthly in cryptocurrency. […]
The post Blockfi Launches Interest Bearing Savings Accounts for Cryptocurrencies appeared first on Bitcoin News.
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Wallet provider Blockchain.com has created an OTC trading desk as part of its efforts to cater to institutional investors. Also in The Daily this Sunday, Shapeshift launches the redesigned Coincap tracker, Kraken lists Cardano and Qtum, and Compound offers its users the option to short cryptocurrencies. Also read: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins […]
The post The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap appeared first on Bitcoin News.
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