Decentralized finance users steadily increased by 40% during October, despite many DeFi tokens posting heavy losses for the month. While many decentralized finance (DeFi) tokens suffered heavy losses last month — prompting hastily written obituaries about the DeFi “bubble” — metrics measuring user activity saw sustained sector-wide growth. According to crypto market data aggregator Dune […]
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The recent DeFi downturn has impacted the treasuries of decentralized autonomous organizations by 40% in a month Decentralized autonomous organizations (DAOs) were heavily hit by October’s decentralized finance (DeFi) downtrend, with the total value of assets managed by DAO’s crashing by 40% from 30 days ago. According to data from DeepDAO, the combined assets under […]
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Bitcoin bulls are aiming to close the overhead CME gap in order to create a path to $18,000. Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473. BTC/USDT daily chart. Source: TradingView The 6.62% move brings the top-ranked digital asset closer to closing a […]
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With UNI farms closing on Nov.17, the community has discussed what comes next. The world’s largest decentralized exchange, Uniswap, has just conducted its first community call primarily to discuss which direction to take when UNI farming concludes on November 17. But the call ended with no clear direction from Uniswap, and no proposals submitted for […]
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A new virtual assistant powered by blockchain can complete insurance contracts without human assistance. Malta-based virtual assistant firm Vaiot has integrated IBM’s Watson Assistant with the Cosmos blockchain to sell car insurance. The new platform features an end-to-end sales process that does not require human assistance to complete the car insurance contracts. The mobile app […]
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“This is the death knell of Bitcoin. It was fun whilst it lasted. $3K here we come.” A bullish Brian Kelly of CNBC’s Fast Money said today that Bitcoin’s gains may extend to a full year after the halving — which many members of Crypto Twitter immediately took as a major sell signal. In a […]
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Tezos is seeking to attract DeFi developers, implementing a protocol upgrade that reduces smart contract gas fees by roughly 75%. Top-20 crypto asset by market cap Tezos (XTZ) has successfully completed its latest upgrade, “Delphi,” which aims to reduce smart contract gas fees by 75% to attract decentralized finance (DeFi) developers to build on top […]
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Blockchain records show the hackers got away with more than $2,051,159 in DAI before moving the funds to a different address. Hackers were reportedly able to exploit savings pools at Gibraltar-based decentralized finance protocol Akropolis, getting away with more than $2 million in stablecoins. The firm stated on Twitter on April 12 that it had […]
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Speaking before Congress, OCC head Brian Brooks describes the importance of digital asset innovation and the private sector. Amid a global race toward central bank digital currencies, or CBDCs, the United States needs to focus on the private sector, says Acting Comptroller of the Currency Brian Brooks. “We have built private stablecoins in this country […]
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“At that point in time we will make the decision as to whether or not we go forward with the digital euro.” The president of the European Central Bank, Christine Lagarde, has said that the bank should reach a decision on releasing a digital euro early next year. In an online policy panel held on […]
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