Bitcoin is trending upward and volume on decentralized exchange Uniswap is soaring to an astounding new high. Bitcoin (BTC) trading around $11,724 as of 20:00 UTC (4 p.m. ET)….
Category: crypto news
crypto news
Vitalik Buterin Says He Done With DeFi Yield Farming Until Dust Settles
An increasing number of cryptocurrency investors are embracing yield farming, one of the latest innovations in the crypto industry, where crypto assets are used to aggregate income for the investors, in some cases up to 100% Annual Percentage Yield (APY). Even though yield farming as a form of decentralized finance (DeFi) can be profitable, some key players in the industry like the co-founder of Ethereum, Vitalik Buterin, are still skeptical about the real sustainability and activities of the booming DeFi sector. For Buterin, in addition to disappointments associated with the DeFi craze like yield farming, he can only watch yield
Bitsonar Whistleblower Says Police Faked Kidnapping – CoinDesk
The whistleblower from defunct cryptocurrency firm Bitsonar has reappeared after going missing for three days in Kyiv, Ukraine, saying law enforcement faked his kidnapping – and murder – to…
US Stock Market Cap to GDP Eclipses the Dot-Com Bubble High
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it? Today’s episode of The…
TRON Foundation Launches DeFi Protocol SUN on the TRON Blockchain
TRON Foundation announced today that it has launched SUN Genesis Mining to grant users access to its DeFi meme coin named SUN. The Foundation made this known in a blog post today, stating that the initiative, which will kick-off on September 2, 2020, will be self-governed by its members just like other existing DeFi projects, including MakerDAO, Compound Protocol (COMP), Yearn.Finance (YFI), among others. However, unlike other DeFi projects, SUN will run on the TRON blockchain, thus promoting the possibility of establishing TRON’s DeFi self-governance community and achieve the same result recorded on Ethereum in recent times. Potential investors interested
Yearn, YAM and the Rise of Crypto’s ‘Weird DeFi’ Moment – CoinDesk
The Takeaway: Decentralized finance (DeFi) started out by imitating the regular financial world, but the way its pieces can be mixed and matched has become so easy that new…
TeraExchange Reinstated as Swap Execution Facility by CFTC Order – CoinDesk
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an…
Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme – CoinDesk
Three men accused of passing themselves off as pastors to get churchgoers and other investors to put money into what prosecutors say was a $28 million Ponzi scheme have…
Alejandro Machado: Venezuelans Look to Crypto-Dollars – CoinDesk
Alejandro Machado is a co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. He heads research…
Huobi Futures to Launch Options Trading This Week, Joining Throng Challenging Deribit – CoinDesk
Huobi Futures, the crypto derivatives unit of Huobi Group, said Monday it will offer trading in bitcoin options starting Tuesday, aiming to meet a surging demand from traders to…