Finance Redefined: Is DeFi really a threat to centralized finance? Oct. 14-21
If you look at its governance, definitely not. Go to Source Powered by WPeMatico
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Uniswap’s first governance vote fails … despite 98% support
Uniswap’s first governance proposal has ended in defeat, with votes in favor falling a whisker short of the required threshold. Go to Source Powered by WPeMatico
Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack
Yearn Finance founder Andre Cronje suggests he did not mishandle the Eminence (EMN) project’s economic exploit, which he insists functions well. He accuses certain social actors of creating a story around EMN that caused rational actors to jump onto the token. Cronje’s comments follow reports that a group of defi community members planning to sue … Read more
Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume
Survey data show centralized exchanges are not worried about DeFi trading volumes, so why are they building their own DEXs? Go to Source Powered by WPeMatico
Multiple data points suggest Bitcoin’s 2017-style bull run has begun
Social sentiment data, strengthening fundamentals and on-chain analysis suggest Bitcoin is on the verge of a 2017-style bull run. Go to Source Powered by WPeMatico
Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration
Centralized cryptocurrency exchanges (CEX) operators say they are unfazed by the increasing trading volumes on decentralized exchanges (DEX) because the latter’s liquidity is still too insignificant to cause user mass migration. The majority of CEX operators also insist that it is very unlikely the DEXs’ liquidity would surpass their own liquidity in 2 years’ time. … Read more
Uniswap proposal under fire for enabling Dharma to ‘take over governance’
Dharma’s Uniswap governance proposal risks giving it too much power, according to critics in the community. Go to Source Powered by WPeMatico
Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting
The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also making the list of heavy droppers is … Read more
Rise of the Underdog, Securypto Takes off as Investors Scramble To Get on Board
The time of ICO’s seems behind us and many blockchain projects have fallen off the grid but one particular project seems not only to have survived but even thrived during these times. Securypto focuses on safe and truly anonymous exchange of data. In a world where datahacks have become the norm rather than the exception, … Read more
Ethereum Transaction Fees Fall 82%, as Defi Hype Eases
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode, ethereum (ETH) miners … Read more