Decentralized finance (DeFi) has been one of the hardest-hit sectors since Bitcoin (BTC) price corrected from its all-time high in early May and this can be seen by the decline in the total value locked (TVL) on all protocols. According to data from DeFi Llama, the total value locked in decentralized finance platforms dropped from …
Continue reading “Analyst highlights 3 macro metrics that clearly show DeFi sector growth”
Authorities have reportedly arrested four people in Central Japan over an alleged multi-million dollar cryptocurrency Ponzi scheme. The scheme was known as the Oz project and defrauded investors of about $54 million, according to The Asahi Shimbun newspaper. ADVERTISEMENT The report further says the scheme was launched in 2017 by four people between 46 …
HodlX Guest Post Submit Your Post CoinGecko has just released its Q2 2021 report. In their analysis of the market, CoinGecko observed that even though Axie Infinity has been on the market for more than three years, its popularity held off until Q2 2021. In May, players could migrate their Axies and trade freely on …
Drops, a project building liquidity and loan infrastructure for NFTs, has officially launched its loans protocol on Ethereum mainnet. The platform is designed to facilitate the first large-scale implementation of trustless loans against NFT-based collateral – a feat which is yet to be achieved in the space. At launch, Drops loans will begin by supporting borrowing …
Continue reading “Drops Launches on Ethereum Mainnet To Start NFT-Backed Loans”
A high-profile crypto trader is discussing what he believes is in store for Bitcoin (BTC) heading into the rest of the year. The pseudonymous trader, known as Kaleo, is looking at potential similarities between Bitcoin’s chart from July of 2020 and today. ADVERTISEMENT Kaleo tells his 332,000 Twitter followers that this time last year, …
The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, of the United States in 2018. The report further noted that agriculture could account for more than 25% of GDP in developing countries. …
Continue reading “Fruits of the land: Blockchain traceability gives farmers a competitive advantage”
The U.S. Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable. According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments, particularly when it comes to ransomware attacks. The government plans to address …
Continue reading “US government delves deeper into crypto accountability with $10M bounty”
A Canada-based Bitcoin fund, operated by 3iQ Corp, has witnessed a dramatic decline in its BTC reserves since June. Literally named the Bitcoin Fund (QBTC:CN), the closed-end investment product, was holding around 24,000 BTC in its vaults in early June. However, as the monthly session progressed, the reserves first dropped to below 16,000 BTC in …
Continue reading “Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%”
1inch Foundation, the non-profit organization of the 1inch decentralized exchange aggregator, has earmarked $3 million to fund new protocol upgrades as part of a grants program targeting developers. Over the next 12 months, 1inch Foundation will disburse grants for projects in the following categories: network development, community development and research and analytics. The network development …
Continue reading “1inch Foundation launches $3M grants program for DeFi developers”
The social media platform TikTok has banned branded crypto content. Here’s what you should know. The popular video sharing app TikTok has introduced new restrictions that will prevent its users from promoting cryptocurrency. Here’s what you should know. Unlike some platforms, TikTok does not solely run third-party ads alongside user-created content. Users are additionally able …
Continue reading “TikTok Bans Financial Advice: What Does This Policy Mean for Crypto?”
The Binance Smart Chain led the rest in unique active wallets in Q2, averaging 421k Dapps on the Binance Smart Chain continue to grow, hitting 1,464 by the end of Q2 PancakeSwap is the top protocol on the Binance Smart Chain driving 28% of BSC’s total value locked PancakeSwap is also the most used Dapp …
Continue reading “Binance Smart Chain (BSC) Was the Most Used Blockchain in Q2, 2021”
Willy Woo is of the opinion that Bitcoin is decentralized gold He also adds that over time, the gold standard has failed with the subsequent introduction of fiat Traditional gold is also centralized hence Bitcoin removes the failures of Gold Bitcoin’s $30k continues to be the level to watch moving forward Bitcoin’s $20k is the …
Continue reading “BTC Analyst: Bitcoin is Decentralized Gold, it Removes Gold’s Failures”
While most metrics hit new all-time highs mid-way through the quarter, when the broader crypto market turned, many decentralized finance (DeFi) protocols saw activity decrease. Despite being negatively impacted by depressed market sentiment and downfall in price, the DeFi sector, witnessing a lot of competitive action, grew and developed in multiple ways, according to Messari’s …
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › CluCoin (CLU) is a globally available, blockchain-based, hyper-deflationary token with a smart staking system running on the Binance Smart Chain. CluCoin aims to empower charitable organizations and individuals around the world to impact the …
While a Harvard Law student-led initiative called the “Defi Education Fund” is facing blowback for receiving $20 million worth of Uniswap’s (UNI) tokens and dumping half of it over-the-counter, some witty DeFi enthusiasts are openly mocking the whole ordeal. One of them, a well-known pseudonymous crypto Twitter user called Cobie (CryptoCobain), ironically thanked the Defi …
