While half of America likely cheered the deplatforming of Donald Trump, crypto was calling for decentralized social media. Facebook and Twitter have banned the President from their networks, while Google and Apple have taken rightwing social network Parler, off their app stores with Amazon also pulling its web services from the app, taking it offline.…

[Story was updated at 2:58pm EST] The Aragon community is facing mass resignations and nobody in the leadership team is being forthright as to what exactly is driving the exodus.  The latest high-profile resignation was from Jorge Izquierdo, chief executive of Aragon One, the for-profit entity building tools and apps on the Aragon protocol. Izquierdo,…

Fei released details of its planned decentralized stablecoin protocol yesterday afternoon. Fei seeks to offer a novel design to combat some of the whale games that favored the earliest participants of decentralized stablecoins. Fei’s stablecoin, FEI, is a “decentralized, fair, liquid, and scalable stablecoin that exhibits a high fidelity peg” said the announcement post. It…

Yearn is getting another tool: leverage. Yearn Finance, pioneer of yield aggregation, has started what participants hope to be a synergistic relationship with DeFi project Alpha Homora by way of its partner projects, C.R.E.A.M. and Sushiswap.  Alpha Homora, a protocol which enables leverage for liquidity providing and yield farming, recently announced its version two (v2)…

Traders are betting ether’s plunge isn’t over yet. Ether short positions on Bitfinex, a top five spot exchange in terms of volume according to CoinMarketCap, are at the highest level since March 2019. The spike in short volume comes on the heels of a 14-day streak during which ethereum’s price nearly doubled, breaking through $1,000…

It’s a bloodbath in crypto markets and DeFi borrowers are feeling the pain as liquidations spike. Total liquidation volume jumped to $14.6M on Jan. 10, almost tripling  from the previous day, according to data compiled by DeBank.  Risk of Leverage Liquidations, which in this context are the resale of borrowers’ collateral by other market participants,…

A wallet holding over 1% of the $21B total value locked in DeFi has surfaced on crypto Twitter. The whale, whose ether address is 0xB1AdceddB2941033a090dD166a462fe1c2029484, has a net worth of ~$340M, with $482M in assets and $141M in debt, according to DeFi wallet tracker DeBank. Only $8.5M sits unused while 97% of the capital is…

Rebase Tokens and Elastic Finance: They’re Not What You Think Elastic finance (EeFi) offers an exciting monetary and technological innovation, the likes of which has not been seen in the cryptocurrency market in many years. The emerging elastic finance sub-sector – led by Ampleforth – features tokens that experience dynamic supply adjustments called rebases. The…

On the 18th December, The U.S. Financial Crimes Enforcement Network (FinCEN) released a proposed rule that would instill record keeping and reporting requirements for transactions by or to a bank or money service business involving an “unhosted or otherwise covered wallet.” The 15 day comment period to respond to this proposal ended with over 65K…