Much of the hype surrounding DeFi right now is focused on yield farming, otherwise known as liquidity mining. This is a process that allows DeFi users to earn rewards from their cryptocurrency holdings, made possible through interacting with different protocols that distribute what is known as governance tokens (GTs). While farming yield can be a…
CeFi and DeFi, these two concepts seem to be absolutely opposite from the day they were created. Especially at the moment, DeFi in the cryptocurrency space is growing day by day in terms of market cap and product diversity. Will DeFi be a more advanced form of financial service and eventually replace CeFi? The answer…
Continuous innovations have pushed the industry to a new frontier The cryptocurrency space has come a long way since the first bitcoin was mined. The mass adoption of digital assets is still a way off, but there are plenty of signs of encouragement. Simple changes on the part of industry players such as increased collaboration…
Bitcoin logged a modest recovery on Wednesday as traders grappled with the outcome of Jerome Powell’s keynote address at the virtual Jackson Hole Symposium tomorrow. The Federal Reserve chairman expects to give markets a clue on his office’s approach to US inflation. In retrospect, Mr. Powell’s administration started reviewing its monetary policy frameworks in 2019, a…
Dogecoin surged by circa 140 percent this week as a new TikTok challenge urged users to pump it to $1.The meme cryptocurrency is still trading about 1,800 percent below its viral price target.Meanwhile, Malta-based Binance announced today that it would launch DOGE/USDT Perpetual Contract with up to 50x leverage.It was all a joke for Dogecoin.The…
Crypto is set to benefit immensely over the coming years as the wheels begin falling off the fiat system. While stimulus efforts may have delayed the social and economic impact of the situation we face, it is becoming more apparent that kicking the can down the road only proliferates the problem.A mass awakening to this…
50 Bitcoins that have been mined in the network’s first month have just been moved from an address Craig Wright claimed he owned. The address was part of a list of 16,000 addresses delivered by the bonded courier in January this year, to which Craig claims he had lost the keys to. This poses a…
Last week, Coinbase CEO, Brian Armstrong implied that Americans were using their stimulus checks to buy crypto. His reasoning centered around a spike in deposits of exactly $1,200, at around the time of first-wave stimulus payments.However, for many reasons, this logic is flawed. As such, this data alone is not evidence of a government-funded mass…
A technical correction lately drove the XRP price lower by circa 36 percent. And there is a strong likelihood that it will fall further.That is according to Ripple Labs, a San Francisco-based blockchain payment firm, that holds about 60 percent of total XRP supply. The company uttered the bearish scenario about the cryptocurrency as it…
Recent new members to the Libra Association look set to contribute capital, potential user bases, and technical expertise to help the project win favour with regulators. Yet, contrary to what you might have heard, Libra really isn’t a threat to Bitcoin.The Libra Association recently added the Canadian e-commerce platform Shopify and crypto startup Tagomi to…