Hashstack aims to disrupt and improve the appeal of decentralized borrowing and lending. Users can access under-collateralized loans through its Open Protocol at a 1:3 collateral-to-loan ratio. It is a welcome change for the broader DeFi industry, as current collateralization rates remain too high. Adjusting Loan Collateralization In DeFi In traditional finance, one can obtain …
Monthly archives: May 2022
Genius Assets Offers Innovative Way Of Earning Passive Income Through Its Platform
One of the most popular ways to earn additional money nowadays is through passive income. This is the type of income that may be made automatically and requires little to no effort to achieve or keep. When the earner puts forth minimal effort to increase their income, this is referred to as progressive passive income. …
U.S. Department of Labor Expresses ‘Grave Concerns’ Over Fidelity’s Proposed Bitcoin 401(k) Plans: Report
The U.S. Department of Labor (DOL) is reportedly having “grave concerns” about Fidelity Investments’ recent decision to launch Bitcoin (BTC) 401(k) plans. In a new Wall Street Journal (WSJ) interview, Acting Assistant Secretary of the DOL’s Employee Benefits Security Administration (EBSA) Ali Khawar acknowledges crypto has intriguing use cases but says it needs “maturing” before …
Is Web3 like playing Minecraft?
Web3 puts major companies like Meta out of business and gives every user rights to develop the next big thing together. Decentralization and the combination of humans and machines will be the heart of the Web3 projects. There is a reason for users’ passive participation: We’re still busy trying to get the biggest part of …
Bitcoin Price Prediction for Today April 30: BTC Hovers above $38.2K
Bitcoin Fluctuates Between $38.2K and $38.85K as BTC Hovers Above $38.2K – April 30, 2022 Since April 29, BTC/USD has declined to the low of $38,200 as BTC hovers above $38.2K. The upward move was hindered at the $38,850 resistance zone as Bitcoin continues its downward movement. Nonetheless, the price movement has been slow because …
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A looming global energy crisis could directly affect Bitcoin miners
The World Bank recently reported that global energy prices could remain “historically high” until 2024. They expect energy prices to “rise more than 50% in 2022.” Given that energy is the only direct cost to the Bitcoin mining network, what might this mean for the future of PoW mining? Speaking to Mas Nakachi, Managing Director …
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After UST’s success, a new race for L1 stablecoins is here
The demand for efficient money markets is so high that not even the inflation rate at 8.5% is diminishing it. That’s by how much the dollar lost its purchasing power compared to a year ago. Yet, stablecoins pegged to the dollar regularly have the highest interest rate yields, enough to outrace inflation. Why would tokenized …
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Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours
The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. Crypto Scams Promising High Returns The Idaho Department of Finance announced Wednesday “a series of fraudulentcryptocurrency schemes seen recently targeting Idaho investors.” The …
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Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs
Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the “Killer 3s.” The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied …
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Bill Regulating Crypto Mining Submitted to Russian Parliament
A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers to Review Legislation Enforcing Rules for Crypto Mining Sector The draft …
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