An informal revenue report reveals that Yearn Finance paid 65% of its net revenue to stakers. The first informal Yearn.finance quarterly report has been released by the community and reveals the DeFi protocol’s revenue is dominated by the yUSD vault. The report, spanning August 20 to October 20, was created by DeFi community members and […]
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Bitstamp now regrets posting Messari’s 134-page report yesterday that included coarse language and colorful descriptions of certain tokens. Digital asset exchange Bitstamp has apologized for sharing a crypto market report that it claims does not reflect the firm’s “views or values.” In a tweet from Bitstamp posted today, the exchange issued an apology for posting […]
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A swift recovery from Bitcoin and altcoins are signals that BTC may have bottomed at $17,650. Bitcoin’s (BTC) sharp correction to $17,650 came as no surprise to investors and many expected the digital asset to fall as low as $16,000. Thus, the quick recovery back to $18,600 is intriguing and it bolsters the popular belief […]
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The news follows Bitwise withdrawing its SEC application for a Bitcoin Exchange-Traded Fund earlier this year. U.S. retail investors will be able to get exposure to Bitwise’s new crypto index fund — albeit indirectly. According to a Dec. 9 statement from Bitwise Asset Management, shares of its crypto index fund will begin public quotation on […]
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Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved. Several members of Congress have voiced opposition to a rumored blockade on self-hosted crypto wallets in the works at the U.S. Treasury. In a Dec. 9 letter addressed to Treasury Secretary Mnuchin, four members of the Congressional Blockchain Caucus wanted […]
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Another crypto player has taken steps to go mainstream, but a lot of work still remains ahead. Bitcoin (BTC) payments giant BitPay aims to form a national trust bank, based on its recent filing with the United States Office of the Comptroller of the Currency. “We confirm BitPay has filed an application with the United […]
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Bitcoin and several altcoins have recovered sharply from their intraday lows, a signal that there is healthy demand at lower levels. in a recent Reddit “Ask Me Anything” session, billionaire Ray Dalio warned investors that the current astronomical pace of money printing is unlikely to stop in the near future and holding wealth in cash could […]
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In the past month, Blockstack (STX) token quietly rallied 85% as network fundamentals improved and a key mainnet launch approaches. Blockstack (STX) might not be on every investor’s radar, but the 72nd-ranked cryptocurrency by market capitalization has been doing some serious work behind the scenes. Blockstack (STX) 1-month chart. Source: Coin360.com The company behind the […]
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As Bitcoin’s impressive run continues, it would not be surprising to see crypto FOMO reach institutional investors as well. With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all […]
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Ethereum co-founder believes that CBDCs are good for macroeconomics, but there are also certain challenges. Central bank digital currencies, or CBDCs, will be fairly easy to convert into cryptocurrencies in the future, Ethereum co-founder Vitalik Buterin believes. Speaking at the Singapore Fintech Festival 2020 on Dec. 9, Buterin said that he expects a lot of […]
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