FTX’s Sam Bankman-Fried doesn’t believe Ethereum will be able to provide the scaling capabilities required by the DeFi sector in future. FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum (ETH) is incapable of handling decentralized finance’s (DeFi) growth. Talking to Camila Russo from the Defiant Podcast, Bankman-Fried says that the Ethereum blockchain is limitin […]
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Bitcoin’s rally to $15.9K stole the limelight from DeFi tokens and decentralized exchanges but the tables could turn rapidly. Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has […]
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The “relative newcomer” to politics joined other major CEO donors to the Democratic candidate. Sam Bankman-Fried, the CEO of Hong Kong-based cryptocurrency derivatives exchange FTX, donated $5.2 million to vice president Joe Biden’s presidential campaign. As The Wall Street Journal reported on Oct. 28, Biden’s presidential campaign received a total of $79.5 million from the top 100 […]
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Crypto-powered election futures have seen a wild 24-hours of trade, with decentralized platforms Augur and Polymarket posting record volumes. The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets. Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by crypto-powered prediction platforms amid the […]
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The innovative cryptocurrency futures exchange FTX has launched fractionalized trading in stock derivatives. Major cryptocurrency derivatives exchange FTX has launched trading in “fractional stocks offerings” — tokenized products representing the shares of global firms. The products were launched on Oct. 29 in partnership with German-licensed investment Firm CM-Equity and tokenization firm Digital Assets AG. More […]
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Analysts expect a profit-taking pullback in the Bitcoin market after BTC hits $13,000 upon the PayPal news. The price of Bitcoin (BTC) surpassed $13,000 for the first time since June 2019. The optimism around PayPal supporting crypto purchases led the overall market sentiment to brighten within a short period. Immediately after the PayPal news was […]
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More than 3 years after its ICO, Filecoin listed on major exchanges and rallied 118% but it’s too early to forecast an altseason. On Thursday Filecoin (FIL) began trading across major exchanges over three years after its initial coin offering. Upon listing, the token traded at wildly different prices across multiple exchanges and while the […]
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Decentralized community governance isn’t always so decentralized. This week, one bit of news really grabbed my attention: Dharma getting criticized for allegedly trying to capture Uniswap governance. Dharma is the company behind a crypto payments and exchange app, a sort of Ethereum-based cousin of Square’s Cash App. Or at least that’s what I previously used […]
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Could the DeFi market be a bubble as both market capitalization and indices crash? The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi […]
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YFI price is still in a downtrend and many investors believe all attempts at recovery are being suppressed by Alameda Research. Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research […]
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