Crypto and DeFi remain mostly a subculture in the world of global finance. What does the industry need to do to achieve real, mass adoption? Satoshi Natakmoto’s anonymity and powerful mining-incentive mechanism are key examples of what made Bitcoin (BTC) unique and led to its unparalleled success. But for truly democratized money and finance to […]
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Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC. DeFi struggles as Bitcoin shines The DeFi Composite Index, first launched […]
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An impatient Uniswap trader accidentally paid more than 23 Ether to execute a $120 trade on the decentralized exchange. A clumsy trader claims to have “destroyed” their life after inadvertently paying $9,500 in fees for a $120 transaction on the decentralized exchange (DEX) Uniswap. On Nov. 5, Reddit user ‘ProudBitcoiner’ posted that he had accidentally […]
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Polkadot’s DeFi ecosystem is expanding, but will its interoperability prove to be the Ethereum-killer? The Polkadot blockchain platform only launched its mainnet in May, but it is already pushing to become a major competitive force in the sector. In late August, following a DOT token redenomination, Polkadot smashed into the top 10 cryptocurrencies, overtaking established […]
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The Uniswap community is voting on its second-ever governance proposal to distribute 5 million governance tokens to users who interacted with the DEX via a third-party platform. The second-ever governance proposal for the Uniswap decentralized exchange (DEX) is more than halfway to reaching a quorum with a little over 30 hours to go. If passed, […]
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Quantstamp’s audit is crucial to ensure a smoothly operating blockchain. One of the first audits of a decentralized finance project connected with the Polkadot (DOT) blockchain is set to be carried out by blockchain security firm Quantstamp. The project, Equilibrium, had first announced its plans to develop an interoperable protocol on Polkadot in summer of this year. […]
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Uniswap’s first governance proposal has ended in defeat, with votes in favor falling a whisker short of the required threshold. The first governance vote for decentralized exchange (DEX) Uniswap has ended in failure, despite the proposal attracting overwhelming support of 98% of votes cast. Despite this, it fell roughly 1% short of the 40 million […]
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Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market? Despite this year’s uncertainty that has plagued the global economy, 2020 will go down as the year of the stablecoins due to the digital sector’s tremendous growth, with new developments […]
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Reddit users have discovered they can farm memes for ERC-20 tokens and earn returns comparable to minimum wages in Sub-Saharan Africa A new form of crypto-agriculture appears to be taking shape, with Reddit’s “community points” tokens facilitating the emergence of spam-farming. Reddit’s community points are given to users based on their activity within a given […]
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Survey data show centralized exchanges are not worried about DeFi trading volumes, so why are they building their own DEXs? A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi […]
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