Celo founder Rene Reinsberg discusses entering the early phases of mainnet and The Celo Foundation’s recent $10 million auction. The Celo Foundation raised $10 million for its blockchain platform Celo in a dutch auction on CoinList on May 12. The auction sold out within 12 hours, with Celo Gold (cGLD) tokens selling for roughly $1 […]
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After a meteoric rise, DeFi has suffered several high-profile setbacks. The question is not about whether it will recover, but what needs to be done to ensure recovery. The “hack” of the DAO runs deep into the collective memory of the cryptocurrency community. After an extremely successful crowdfund in May 2016, the DAO lasted a […]
Continue ReadingThe DeFi lending market MakerDAO has updated its governance protocols to prevent another occurrence of forced liquidations that lead to huge losses. The decentralized finance lending market Maker, like many crypto participants, suffered losses during the price collapse of “Black Thursday” on March 12. The price of Ether (ETH) declined by about 50% within 24 […]
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MakerDAO has published a report providing a detailed look at the events surrounding its ‘Black Thursday’ disaster — and how to prevent it from happening again. MakerDao (MKR) has published a new report that attempts to put the events of ‘Black Thursday’ into context — and recommends safeguards to ensure it can never happen again. […]
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Recent turbulence has brought traditional tools such as circuit breakers to the forefront of crypto community discussions. Since the inception of Bitcoin, volatility has been a part of the cryptocurrency narrative even before exchanges and the current mainstream mentions. Now that traditional markets are showing volatility further exacerbated than anti-fragile cryptocurrency during the coronavirus pandemic, […]
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Bitfinex is planning to list its first cross-chain DeFi token pBTC to further push DeFi adoption and liquidity. Major crypto exchange, Bitfinex, continues to drive decentralized finance, or DeFI, adoption by announcing support for a new cross-chain DeFi solution. Bitfinex exchange plans to list pTokens (pBTC) — a new token that aims to unlock cross-chain […]
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MakerDAO founder, Rune Christensen, explained how Maker Foundation will prevent future protocol failures and predicted the merger of DeFi and centralized finance. MakerDAO founder, Rune Christensen, explained the measures taken by the Maker Foundation to prevent future failures in Maker’s protocol and predicted the future merger of DeFi and centralized finance. How to prevent future […]
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DYdX’s billion-dollar milestone comes amid a challenging period for DeFi, with MakerDAO recently completing its debt auction and dForce suffering a 99.95% loss to hackers. Decentralized finance — of DeFi — lending protocol dYdX has produced more than $1 billion in loans since launching one year ago. The milestone was driven by consecutive monthly all-time […]
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A new fast and scalable blockchain platform is making waves with high-profile partnerships and backing from big investors. Another day, another mainnet launch. Or at least, that’s sometimes how it can feel in the blockchain space, as every project seems to be scrambling to be the latest and greatest in balancing the trade-offs between speed, […]
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Coinbase identifies derivative arbitrage and stablecoin speculation opportunities created amid the recent crash. Despite the volatility of the March 12 – 13 crypto market meltdown, Coinbase has identified several unusual methods through which traders were profiting amid the chaos. The crash saw rare profits being generated through ‘crypto-and-carry’ derivatives arbitrage, stablecoin speculation, and the failure […]
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