Day: June 10, 2021

Algorithmic Stablecoins Breakdown: Attempting to Fulfill Satoshi’s Dream

When Satoshi first published the Bitcoin whitepaper to the world, he titled it “Bitcoin: A Peer-to-Peer Cash System” and although Bitcoin would evolve to adopt the digital gold narrative instead, the dream of creating a fully functional digital cash system has remained. Stablecoins, defined as a subset of cryptocurrencies that are pegged to a specific …

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The Davos Crowd Dives Into DeFi with Policy-Maker ‘Toolkit’

The World Economic Forum, a bastion of the global establishment and ultra-exclusive club for heads of state, billionaires, and policymakers, is embracing DeFi. Well, sort of. In another sign that decentralized finance has spurred serious study in influential think tanks, the Geneva-based WEF issued a “Policy-Maker Toolkit.” The 38-page white paper explores DeFi’s benefits and …

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Curve Finance Releases Protocol’s First Heterogeneous-Asset Pool

Curve Finance, long distinguished by its homogenous-asset pools, has taken a walk on the wild side.  The automated market maker (AMM) rocked DeFi yesterday by releasing a pool containing USDT, WBTC, and ETH on Ethereum and another including USDC and DAI as well on Polygon. This was a first for Curve, which had up until …

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Latin American Bitcoin Backers Scramble to Follow El Salvador’s Lead

Lots of laser eyes….but little actual legislation, at least for now.  El Salvador’s adoption of Bitcoin as legal tender this week has captured the imagination of lawmakers across Latin America. That’s no surprise considering the region, long plagued by underdevelopment and volatile politics, has struggled to enfranchise its citizens in the global financial system, with …

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