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Yearn.finance's yETH Vault Getting Filled With Ethereum
3.9.2020
The yETH vault from yearn.finance (YFI), a vault for yield farming with ethereum (ETH), was launched a day ago, and it's growth could hardly go unnoticed.
The Cryptoverse is today focused on the yETH vault, and particularly its overnight growth. People were commenting on it holding ETH 215,000...
Blockchain Bites: How SushiSwap Drove Uniswap to DeFi’s Top Spot
2.9.2020
A South Korean crypto exchange has been raided by police, Bitcoin's Lightning Network hit a new high and mining revenues are climbing
After Bashing Yield Farming, Buterin Offers a 'Billion Dollar' DeFi Idea
1.9.2020
Vitalik Buterin. After criticizing yield farming once again and looking for a “least favorite DeFi project”, Ethereum (ETH) Co-founder Vitalik Buterin revealed his own vision for a new decentralized finance (DeFi) project.
This time, it’s about forking Maker (MKR).
“All I want for [DeFi] is...
DeFi, DEXs, Stablecoins, Chainlink - All Scam, Says Craig Wright
31.8.2020
Craig Wright. Source: a video screenshot, Youtube, Crypto Finder
Pretty much the entire decentralized finance (DeFi) ecosystem, including decentralized exchanges (DEXs) and platforms aiming to be decentralized oracle networks, namely Chainlink (LINK), and in addition to stablecoins - are all scams...
New Craze is Served on the DeFi Table, Competing with Uniswap - Sushi
31.8.2020
There is a new item on the decentralized finance (DeFi) table - SushiSwap. While some find it a potential threat to decentralized exchange protocol Uniswap, others are expecting its demise. That said, it's been recording some strong numbers in terms of daily trading volume and total value locked....
Aave’s LEND Soars, Flips Maker as UK Regulatory Approval is Secured
25.8.2020
Decentralized finance (DeFi) platform Aave’s LEND token is soaring in the crypto market today, after Aave’s UK business entity was finally granted an Electronic Money Institution license by the UK’s financial regulator yesterday. Furthermore, it flipped Maker (MKR) as the largest DeFi platform...
YAM Will Never 'Become Money', YFI Exceeds Bitcoin Price
20.8.2020
Despite branding itself as money, the much-discussed and recently troubled decentralized finance (DeFi) token YAM will never achieve this, and real utility for the token must be found to keep the bubble from popping, popular crypto researcher Hasu said. Meanwhile, DeFi token YFI became the first...
Flood of Yield Farming Projects Likely Coming to Cryptoverse - Report
19.8.2020
Ethereum (ETH) decentralized finance (DeFi) protocols, such as the troubled Yam Finance yield farming project, are expected to rise in popularity in the coming months, with industry observers saying that the extremely high yields they offer encourage the rapid development of communities that...
Russia’s Expobank Bank Issues Country’s First Crypto-Collateral Loan
19.8.2020
The Russian bank Expobank says it has issued the nation’s first-ever crypto-backed loan – despite the fact that the country has recently introduced a new law that prohibits the use of tokens as a form of payment.
Per a report from media outlet Kommersant, the loan was secured by using tokens issued...
DeFi Extravaganza: DeFi Exceeds USD 6B, Curve Drops and YFI Rises
17.8.2020
Source: Adobe/Сергей Шиманович
After yet another eventful weekend in the fast-paced world of decentralized finance (DeFi), the surging popularity of DeFi protocol Curve, as well as a fast-growing “valueless” token, followed by a poll revealing that many crypto investors have no clue about DeFi,...
Ripple CEO Confirms Strategy, DeFi Locks USD 5.6bn + More News
14.8.2020
Brad Garlinghouse. Source: a video screenshot, Youtube, Ripple
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Ripple CEO Brad Garlinghouse responded to The Financial Times report...
Cryptoverse in Chaos: Giants Race for New DeFi Darling Curve, Yam Plots Comeback
14.8.2020
The governance token CRV of Curve, exchange liquidity pool on Ethereum (ETH), was launched prematurely by an anonymous 'Chad,' and major exchanges moved to list it, as numerous theories are flying around, while YAM announced its transition to 2.0. This all happened in a matter of hours.
The...
Multimillion DeFi YAM Gets Rotten as Bug Eats Its Market Cap
13.8.2020
The 'Save YAM' operation failed, as a flaw that prevents the hottest, two days old decentralized finance (DeFi) project from being rescued has been discovered. Hover, the team behind it announced the project's second version.
According to the latest update,Yam Finance (YAM) discovered that...
Alarm Sounds As Hot & Unaudited DeFi Potato, YAM, Locks USD 387m In Hours
12.8.2020
Apparently, decentralized finance (DeFi) is not risky enough for some people - the riskier the better(?). These have found a new thing to make seemingly popular, namely, pouring millions in an experimental and unaudited project.
First, there was yield farming in the wild world of DeFi, spiced...
While Compound’s Locked Value Grows, COMP Tanked 60% Since June Highs
5.8.2020
Following a divergence between the price of the Compound platform’s COMP token and the total value locked (TVL) in the DeFi (decentralized finance) platform, early token investors are now being accused by some for dumping their tokens on the market.
Popular crypto investor Andrew Kang wrote...
Hacked DeFi Platform Opyn Says They Will Reimburse the Victims in Full
5.8.2020
Options issuance platform Opyn said that they would reimburse the victims of a hack that occurred less than a day ago.
"We will be reimbursing ETH put sellers in full who were affected by the vulnerability," Opyn said this morning (UTC time). They added that more details on...
DeFi Darling Ampleforth Crashes as Unique Feature Burns Traders
30.7.2020
After an epic rally in June and July, the grim reality has now dawned on traders trying to profit from moves in ampleforth (AMPL), as a unique feature of the hyped DeFi (decentralized finance) protocol is burning traders who didn’t pay attention to crucial details in the coin’s technical design.
As...
DeFi Moves: Maker, Ampleforth Hit Milestones, YFI Corrects '100x' Gains
27.7.2020
Source: Adobe/Сергей Шиманович
After a wild ride higher in recent months, tokens in the decentralized finance (DeFi) space are taking a breather today, while the growth in total USD value locked in DeFi protocols is also on pause after more than 10 days of uninterrupted growth.
In terms of total...
Four of South Korea’s Biggest Banks to Provide Data for DeFi Platform
24.7.2020
Four major South Korean banks said they will contribute to a blockchain-powered decentralized finance (DeFi) solution for foreign currency exchange rates.
Per D Daily, Shinhan Bank, IBK Bank, KEB Hana Bank and Nonghyup (NH Bank) will take part in a joint project involving Oracle’s Chainlink (LINK)...
Aave’s LEND Falls Further While Value Locked Grows
23.7.2020
After seeing massive growth in its price over the past couple of months, LEND, the native token of decentralized finance (DeFi) platform Aave, extended its correction today with a fall of 6.6% over the past 24 hours, while the majority of top 50 coins are in the green today.
The latest fall...