Bitcoin on Ethereum
DeFi News
DeFi Insurer Nexus Mutual Weighs Whether to Pay Out on BadgerDAO Hack
Controversy has erupted in the wake of the BadgerDAO hack as insurer Nexus Mutual is waiting for a postmortem before making payouts.
DeFi News
Arrival of Futures ETFs Stokes Bitcoin in DeFi
Bitcoin in decentralized finance has been surging since speculation strengthened that the U.S. Securities and Exchange Commission would finally approve an exchange-traded fund to invest in the world’s largest cryptocurrency. BTC deposited into Ethereum’s DeFi ecosystem as shown on DeFi Pulse’s “Bitcoin at Work” page, jumped 2% to 284,331 BTC since Oct. 14, when one…
Byte
For Its Birthday the Curve DAO Is Dramatically Cutting Daily CRV Rewards
For the first time, the circulating supply of the CRV token will grow far less quickly today. The Curve DAO started with the release of the CRV token and the beginning of liquidity mining on Curve Finance, the automated market maker that stands out as one of the best places to trade tokens that have…
Byte
The Bulls are Back Despite Crypto’s Washington Woes
The crypto rally is raging even as regulation that has the potential to clampdown on the industry looms in the U.S. Digital assets are up across the board — Bitcoin has surged 14% in the last seven days, hitting a high of $46,704 in the last 24 hours before settling around $45,000 in early morning…
DeFi News
Crypto Community Turns to House to Counter ‘Impossible’ Tax Requirements
Following a major setback yesterday, there is still hope that onerous new tax requirements for the cryptocurrency industry can be addressed before they become law. That’s the upshot from a day of frustration on the floor of the U.S. Senate when the crypto community got a crash course in the vicissitudes of Washington. Ever since…
DeFi News
Twitter's Jack Dorsey Announces DeFi on Bitcoin Project
Jack Dorsey, the Twitter CEO and Bitcoin enthusiast, wants to bring decentralized finance onto the OG cryptocurrency protocol. On July 15, Dorsey announced that his financial services and digital payments company, Square, is creating a new business focused on bringing non-custodial, permissionless DeFi services to Bitcoin. The new company, which is called “TBD” (just like…
DeFi News
The DeFi Future is Automated
A race is under way in DeFi innovation. Established players and upstart newcomers alike are in the running. Gelato has been tinkering with use cases since 2019 and launched its production-ready V1 last July. Meanwhile, Keep3r network has been executing its own solution since late October 2020. And just last month Chainlink announced an Open…
DeFi Research
The Riddle of Ethereum: Bullish Signals Abound as Price Starts and Stops
Bullish news continues to circulate as ETH price keeps dropping or moving sideways at best. Are we merely in an accumulation phase, or has the bear market started, and we’re all in denial? Ethereum’s Ether is down 11% in the past 30 days and has plunged 46% since its $4,357 high reached in May. It…
Byte
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…
DeFi News
The Bitcoiner’s Guide to DeFi
Decentralized finance, or DeFi, is exploding in popularity. Concentrated in the Ethereum ecosystem, it offers the types of services hitherto dominated by the legacy financial system such as lending, borrowing, and savings. But like the ICO craze of a few years ago, the growing mania around it has raised eyebrows from those with a deep…