Defining the concept of offline staking, what benefits and risk it poses, and how it could transform the user experience. Are there any examples of projects offering offline staking? Unfortunately, it’s still the case that most staking, whether directly under a pure proof-of-stake model or indirectly using a delegated proof-of-stake consensus, is online. This usually […]
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The EOS-based DeFi project is using Polkadot technology to make it easier to recruit new users. Having set up shop on Polkadot just a week and a half ago, an EOS-based decentralized finance project called Equilibrium will bring its governance token NUT to the Polkadot ecosystem for sake of facilitating a promotional token swap. The […]
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Was Yam Finance’s short-lived rebasing project a useful economic experiment or just another scam? The crypto community is divided. There are some decentralized finance projects that make flash loans; Yam Finance (YAM) was a DeFi project that made a flash appearance. YAM, which initially described itself as a “minimally viable monetary experiment,” launched on August […]
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Axie Infinity is now the 11th-ranked NFT game by lifetime trade volume following a surge in players eager to get their hands on the platform’s governance token. DeFi is converging with non-fungible tokens (NFTs), with the Ethereum-powered game Axie Infinity seeing a spike in users ahead of the expected launch of the project’s governance token. […]
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With crypto trading products appearing ahead of the legacy financial curve, it’s only a matter of time before they enter the mainstream. In 2017, many traders and investors flocked to cryptocurrencies because they were attracted by the kind of returns not available in the less-volatile traditional markets. However, volatility inevitably comes with risks as well […]
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BlockFi’s Bitcoin reward card is inching forward. BlockFi, a major American cryptocurrency lending startup, has completed another funding round featuring major industry investors. The company has raised $50 million in a Series C round led by Anthony Pompliano’s crypto asset management firm Morgan Creek Digital, BlockFi announced on Aug. 20. Also known as Pomp, Morgan […]
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Huobi makes a pitch to those who ”want to earn a good profit worry-free.” Singapore-headquartered exchange Huobi Global is rolling out cryptocurrency savings accounts tomorrow. The new product will go live at 7:00 a.m. UTC on Aug. 20, with availability restricted to certain jurisdictions. Residents of China, Hong Kong Japan, Singapore, the United States, Germany, […]
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The growing popularity of Uniswap is continuing to attract scammers, with fraudulent coins impersonating token sales for top crypto projects. Fake coins continue to plague decentralized exchange Uniswap, with prominent crypto projects associated with upcoming token sales reporting impersonators trading on the platform. On August 19, upcoming decentralized finance (DeFi) lending protocol Teller Finance tweeted […]
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New data suggests the total USD value locked in DeFi protocols is overestimated by roughly $2.83 billion. The total USD value locked in decentralized finance (DeFi) protocols recently surpassed the $6 billion mark according to onchain data resource, DeFi Pulse. Currently, the figure rests at $6.32 billion, after rising nearly six-fold since it reached the […]
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“You don’t have to be Dr Evil to scam someone via cryptocurrency. You can be a Mini Me.” The high-profile Twitter hack which saw malicious actors take over 130 verified accounts including Bill Gates and Elon Musk managed to be both technically brilliant and incomprehensibly stupid at the same time. It was a multi-person attack, […]
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