A massive yield farming strategy finally provides a mechanism to push the DAI price down. A new vault launched on yearn.finance is being credited for finally restoring the peg of Dai (DAI), the algorithmic stablecoin of the MakerDAO (MKR) project. As Cointelegraph previously reported, Maker had struggled with maintaining a strict $1 peg for DAI […]
Continue Reading
Current location based services have their limitations, but these new projects are leveraging blockchain technology to redefine how we navigate the world. What does the future hold? While these projects are ambitious, there is still a lot to do. It’s too early to say which if any of these projects will be the next adopted […]
Continue Reading
Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows. There are more United States dollars than ever, but the rate at which they move around the economy has never been so low. That was according to the Federal Reserve’s own statistics on […]
Continue Reading
Current regulation will only push crypto forward according to Omniex CEO. Hu Liang, co-founder and CEO of Omniex, is well-versed in the digital payments space and institutional investing. During an interview, he told Cointelegraph that he doesn’t consider the current regulatory landscape to be a barrier for blockchain or crypto investment. Omniex is an independent […]
Continue Reading
SushiSwap has all but declared war on Uniswap, and Hayden Adams appears to be returning the favor. Uniswap’s founder Hayden Adams is railing against SushiSwap, a five-day-old fork of Uniswap’s decentralized exchange, which has managed to attract over $1.3 billion in value locked over its short lifespan. Like most other liquidity mine launches, participants can […]
Continue Reading
UMA overtook yearn.finance to become the largest DeFi project on CoinMarketCap with a $1.3 billion market cap. The decentralized finance (DeFi) landscape is rapidly changing day after day. On Sept. 1, UMA overtook yearn.finance as the biggest “DeFi” protocol on Ethereum with a $1.3 billion market cap. Data from CoinMarketCap shows six DeFi projects are […]
Continue Reading
Following the latest ruling on the OneCoin class-action lawsuit, we look into the biggest Ponzi scheme in crypto. The latest ruling in the class-action lawsuit against OneCoin has dismissed Konstantin Ignatov, co-founder of OneCoin, as a defendant after he agreed to testify against his sister. Ignatov is the brother of Ruja Ignatova, the infamous leader […]
Continue Reading
Crypto needs financial products — simply positioned and simply transparent — to preserve and grow people’s assets in difficult times. With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they plan to do a lot […]
Continue Reading
Developers are building the future of finance. Aave has emerged as a top DeFi protocol with $1.5B locked in its smart contracts. It has also become the first DeFi project to reach a $1B market cap and receive an Electronic Money Institution license from the United Kingdom Financial Conduct Authority. Aave recently launched its Aavenomics […]
Continue Reading
Bitcoin barely reacted to today’s CME futures expiry, but is this a bullish or bearish signal? Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark. As CoinTelegraph correctly predicted yesterday, this most recent CME […]
Continue Reading