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There are many segments of the crypto industry that do not respect the decentralized finance (DeFi) ecosystem of Ethereum. Referencing popular “money games” like Yam, Ampleforth, and others, these critics argue that these are just systems set up to allow insiders to slowly leech capital from retail buyers. Others say that this space is just […]

One of the most prominent innovators in DeFi, Yearn.finance (YFI) founder Andre Cronje shocked the crypto industry once again on Tuesday when he rolled out his latest experiment. Unfortunately, users did not heed the warning that this was an experiment, subsequently siphoning over $6 million worth of capital into the contracts. Many were hoping to […]

A new report jointly-published by eToro and The TIE explored the cryptocurrency landscape for Q3 2020, finding out long-term sentiment metrics for popular cryptocurrencies and how mergers and acquisitions proved to be the best indicator for future price rises. The TIE, the report’s data source, is a provider of alternative data for digital assets such […]

Won Hee-ryong, the governor of Korea’s Jeju island, has announced a $5 billion government investment plan focused on developing blockchain and IoT technologies. According to a report from BlockMedia, the plan will focus on solving various public welfare problems the province faces and expected to create 44,000 jobs in the next five years. Major Korean […]

At least thus far, the ongoing crypto-asset bull run has been almost solely focused on decentralized finance (DeFi). Coins pertaining to this esoteric space have seen exponential rallies since the start of 2020. Coins like Aave’s LEND, for instance, has gained in excess of 4,000 percent since this year started. Despite this exponential growth in […]

Along with offering a branch providing Bitcoin custody and trade execution for its clients that own trillions of dollars, Fidelity Investments has involved itself in the crypto-asset space by providing the industry with regular reports and surveys. These reports and surveys cover what role Bitcoin has on Wall Street, which has historically shied away from […]

Crypto-hunting hackers have stolen more than $22 million from the users of Electrum, a popular Bitcoin wallet, in the past two years using a “simple technique” involving fake updates, as per a ZDNet report Monday. Researchers stated the hack technique was initially observed back in December 2018 and was since used in several attacks over the […]

Data shows a staggering 96% of all transactions on decentralized finance (DeFi) applications take place on Ethereum, the world’s second-largest blockchain network by market cap. This is despite there being faster and low-fee networks available on the market today, suggesting both developers and participants have yet to fully trust and adopt newer blockchains. DeFi has […]

Yearn.finance (YFI) has undergone a strong decline over recent weeks after a record-setting rally.  According to CryptoSlate market data, the Ethereum-based YFI coin currently trades for $15,800 — a price 65 percent off the all-time high price of $44,000. At the recent trending lows, the cryptocurrency traded as low as $12,000. This steep decline has […]

The Bank of England Governor, Andrew Bailey, has long been a critic of Bitcoin and crypto, offering scathing remarks in the past regarding the inherent value of digital assets. He has now doubled down on this criticism, noting that he is “very nervous” about people purchasing Bitcoin and trying to use it as a means […]