BP says world oil demand peaked in 2019 as central banks make “unconventional” policy the norm — and that’s all good for Bitcoin. Bitcoin (BTC) starts a new week in uncertain territory as $10,000 stays in place but fundamentals shift to bullish. Cointelegraph highlights five things that could shape BTC price action in the coming […]
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Digital Asset’s DAML will connect diverse blockchains on a national DLT project in China. The Blockchain Services Network (BSN), the largest blockchain infrastructure initiative in China, now has a unified smart contract programming language. Red Date Technology, a major tech company involved in the BSN’s development, will add support for DAML — a smart contract […]
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Banque de France Governor François Villeroy de Galhau wanted about the threat of “Big Tech” stablecoins. The governor of the Bank of France has warned that Europe cannot afford to lose momentum in tackling the challenges posed by private sector global digital assets. His warning came as five EU governments — Germany, France, Italy, Spain […]
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Yearn Finance is launching a MakerDAO like stablecoin lending protocol with no governance token. Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit. StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR). […]
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Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon. The supply of the Coinbase-backed stablecoin USD Coin (USDC) has grown by 250% since the start of 2020, including an 80% expansion in just the past two months. After starting the year […]
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DeFi tokens are rebounding, with the sector posting average gains of 19% today. After a bloody week for decentralized finance (DeFi) projects that saw numerous tokens plummet by up to 50%, the DeFi sector has rebounded by 19% in one day. Ether is also up 11% over the past 24 hours. According to Messari, 32 […]
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A new Bitcoin backed yield dollar from Ren and UMA enables liquidity mining for BTC holders. Trustless cross-chain bridge Ren and permissionless synthetic asset platform UMA have teamed up to launch a Bitcoin-backed yield dollar called uUSD, in addition to a joint liquidity mining reward program. The partnership will result in a product that allows […]
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Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable? Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there’s an argument that the […]
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The asset’s new multichain partner makes it so. As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token. Offering USDC on Algorand gives the asset layer 1 scalability, touting more than […]
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China looks into DeFi. Cointelegraph China’s DeFi Marathon invited global DeFi projects, venture capitalists, and influential individuals to join a three-day online decentralized finance themed event, from Sep. 2 to Sep 4. Participants included Ontology, Darwinia network, Miniswap, and Dexe.network blockchain projects along with DeFi projects such as ForTube, Bitfrost, Gollf, Akropoliks, and Nest protocol. […]
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