Archived Posts

Ventures related to decentralized finance (DeFi) saw over 50% declines in value last week. However, after the rout, the DeFi sector has bounced back with a gain of 19% in a single day. Even Ether (ETH), the native crypto of Ethereum blockchain which hosts most of the DeFi tokens has also rallied 11% in the   Read more...

Ren, a trustless cross-chain bridge, and UMA, a permissionless synthetic asset platform, have joined together to roll out a Bitcoin pegged yield dollar named uUSD, in addition to a joint liquidity mining reward plan. The collaboration will give rise to a product that permits investors to capitalize on Bitcoin permissionlessly on the Ethereum blockchain. It   Read more...

In a step towards bringing stablecoin USD Coin (USDC) to other blockchains, USDC has now been hosted on the Algorand, a public blockchain. Notably, USDC is already available as a token on the Ethereum blockchain. Hosting USDC on Algorand provides layer 1 scalability to the asset, along with a capability to undergo 1,000 transactions per   Read more...

Utilizing a smart contract hosted on Bitcoin (BTC) blockchain, a $10,000 bet on the US Presidential election was placed by two cryptocurrency advocates. As per a post made by podcaster Marty Bent, it is the first time, Bitcoin (BTC) mainnet has been used to host discreet log contract (DLC), a development he refers as “a   Read more...

The US based cryptocurrency exchange Kraken, in its August 2020 volatility research report, has forecast negative returns from Bitcoin (BTC) investment in September. The document published by Kraken has pointed out that time and again, Bitcoin used to perform in a worst manner in September, with long-term returns of negative 7%. The report further argues   Read more...

It seems the DeFi (decentralized finance) craze has come to an end for the moment, with 50% of top DeFi tokens losing more than 50% of their value (in terms of US dollar) in the past week. As per Messari, which provides crypto market data of DeFi assets, 32 of 34 projects losing value last   Read more...

Crypto related data compiled by Glassnode, an on-chain tracking website, indicates that an increasing number of people are opting for Bitcoin (BTC) following the Covid-19 induced economic recession across the globe, irrespective of financial status. To justify the argument, statistician Willy Woo has provided a series of charts, while underlining the increase in both high   Read more...

Argentine government officials have turned down a ransomware demand made by a group that cornered them to shut down the country’s immigration checkpoints. As per a report published by Bleeping computer, a team of Netwalker ransomware hackers broke into the servers of Argentina’s immigration agency Dirección Nacional de Migraciones, and demanded a sum of $2   Read more...

The UK’s challenger bank Ziglu revealed the roll out of its p2p (peer-to-peer) payments facility for both cryptos and fiat earlier today. The announcement has come soon after the receipt of two licenses namely, Electronic Money Institution and Fifth Money Laundering Directive (5MLD), from the UK’s FCA last week. Ziglu was rolled out in June   Read more...