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Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst
17.1.2021
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due...
Bahamas-Based Deltec Bank Holds a ‘Large’ Bitcoin Position
16.1.2021
Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers. Deltec Executive Discusses Bitcoin Position According to the video uploaded to...
$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite ‘Insane’ Trading Fees
16.1.2021
During the last 12 months, Ethereum-based decentralized finance (defi) solutions and decentralized exchange (dex) platforms have been very popular. Dex applications, in particular, have seen massive demand and during the last 30 days, dex trade volumes have reached $39 billion in swaps. However...
Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano
15.1.2021
Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world
Cream Finance leaps into DeFi ‘corporate debt’ with Iron Bank launch
14.1.2021
The Iron Bank feature will allow protocols to borrow funds without posting collateral
Finance Redefined: If it ain’t broke, don’t fix it? Jan. 6–13
13.1.2021
A DeFi dev’s vent highlights why traditional investment has its merits
An online future for finance is inevitable, says OCC's Brooks
13.1.2021
Brooks considers the migration of the financial system onto the internet "inevitable."
Yearn proposes “buyback and build” strategy for YFI holders
13.1.2021
Instead of receiving dividends, Yearn.finance would buy and redistribute tokens with protocol revenue
Uniswap's growth lead bites back over Yearn Finance’s SushiSwap merger
13.1.2021
Uniswap’s growth lead, Ashleigh Schap, has slammed Yearn Finance founder Andre Cronje for complaining about forked projects in the DeFi sector
Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral
12.1.2021
A clever way for bitcoin miners to get better loan terms
Emerging DeFi Platform YFDAI Finance Launches SafeSwap and Launchpad, More Products to Follow
11.1.2021
PRESS RELEASE. YFDAI Finance, a prominent decentralized finance (DeFi) project has recently announced the launch of two prominent products as it works towards strengthening its position in the sector. These products include SafeSwap – a DEX (decentralized exchange) platform for the YFDAI...
Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin
11.1.2021
According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden...
ETH Fees Surge to All Time High After the Crypto Passed the $1,000 Mark
10.1.2021
After the ether token surged past the $1,000 mark on January 3, the average transaction fee on the network similarly soared to a new all-time high (ATH) of $17.41, some 24 hours later. Although the average fee has since retreated, data on January 8 shows that the latest average fee at $9.79. This...
Insured Finance and GAINS to Power Digital Insurance Space
9.1.2021
Insured Finance, an upcoming insurance marketplace based on blockchain-based technology, has now announced a partnership with GAINS Associates. This will help the GAINS users get insightful information about Insured Finance. GAINS has carved a distinct place for itself in informing users about...
Warp Finance adds Chainlink oracles to protect against flash loans
8.1.2021
Warp Finance's hack for $8M could have been prevented with better oracles, team says
As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016
8.1.2021
Finland’s customs officials have revealed plans to sell 1,981 bitcoins that were seized mainly in connection with drug trafficking-related criminal investigations. The majority of the confiscated bitcoins (1,666) are from the Douppikauppa case, the darknet operator who was arrested in 2016....
Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival
8.1.2021
Tezos, Synthetix and Yearn finance are the most recent top performers in what appears to be a DeFi sector revival
Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’
7.1.2021
Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting...
Regulated Bitcoin ETPs Skyrocket, Coinshares Cites ‘Unprecedented Interest from Institutional Investors’
6.1.2021
The Sweden-based XBT provider Coinshares saw roughly $202 million in XBT certificates swap hands on the market’s first day of trading in 2021. Meanwhile, on the same day, the bitcoin exchange-traded product BTCE saw $100 million in trade volume. Coinshares Group is a European firm dedicated...
Financial analyst agrees Bitcoin could be 'rat poison,' but not in the way you think
6.1.2021
Even crypto industry experts might agree with Warren Buffett’s description of Bitcoin, under this interpretation