Billionaire Tim Draper sees potential in DeFi and invests in a new DAO governance platform called DMM DAO. Tim Draper, the billionaire and Bitcoin bull who has backed Tesla, SpaceX and Coinbase, is making moves into decentralized finance. He is now investing in DeFi Money Markets DAO (DMM DAO), according to the DMM Foundation’s official […]
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Digital asset security platform Fireblocks has partnered with Compound to provide a bridge for institutional players to enter decentralized finance. Institutional digital asset security platform Fireblocks has announced an integration with decentralized finance (DeFi) lending platform Compound — currently the second-largest application built on Ethereum. Entities storing assets with Fireblocks can now generate passive income […]
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Bitcoin suffers an epic 50% price crash, MakerDAO’s debt crisis, and a French bank blocks consumers from using Coinbase. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week […]
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Rapper and entrepreneur Akon has shared the whitepaper for his upcoming cryptocurrency exclusively with Cointelegraph. Rapper and entrepreneur, Akon, shared the whitepaper for his upcoming ‘Akoin’ cryptocurrency project exclusively with Cointelegraph. The document describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economies of Africa and beyond,” adding that the project’s mission is […]
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Cointelegraph spoke to Nick Short, COO of Hqlax about ING’s undisclosed investment into the platform and firm’s plans for 2020. Following an undisclosed investment into Hqlax from Dutch multinational bank ING on March 6, Cointelegraph spoke to Nick Short, the COO of tokenized securities firm. Short describes ING as one of the company’s “longest-standing strategic […]
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“The fact that an OECD country is recognizing BTC as a ‘fungible’ asset is progress — a wake-up call to banks, institutional investors, regulators that Bitcoin is here to stay.” — Dan Schatt. The Commercial Court of Nanterre’s Feb. 26 ruling that Bitcoin (BTC) is a fungible, intangible asset sent some ripples through the French […]
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The collapse in Ether’s price could lead to an emergency shutdown for DeFi leader MakerDAO, though it’s a contingency that developers are eager to avoid. As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown — though that possibility remains […]
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Some of the biggest names in the Libra Association have joined a rival stablecoin project, which touts its mission as the promotion of financial inclusion using the blockchain. Some of the biggest names in Facebook’s embattled Libra Association have joined a rival stablecoin project, which touts its mission as the promotion of financial inclusion using […]
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On March 10, the market cap of the Binance Dollar (BUSD) for the first time reached a $100 million mark propelled by a 400% monthly growth. On March 10, the Binance Dollar’s (BUSD) market cap crossed the $100 million mark. This is the first time that the stable coin, created in partnership between Binance and […]
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Earning interest on your assets is only the tip of the iceberg for the thriving crypto lending ecosystem; opportunities abound to make hodl’d assets more productive. What is the future of crypto lending? While liquidations are saved for last because of the limited opportunity, it’s important to recognize liquidations are a key part of the […]
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