Given the $250 billion worth of Bitcoin in existence today, it’s hard to imagine a future where BTC is not used in DeFi products. Decentralized finance is a fairly new, nuanced concept for mainstream audiences. At its core, DeFi promises a revamped global financial system equipped with savings, loans and inventive yield-earning opportunities that enable…
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High yields and frequent interest payments on Circle’s business accounts may be designed to compete with DeFi protocols Originally launched as an attractive alternative to traditional fiat business accounts for Internet-based ventures, the latest features for the Circle Business Account appear to take aim at a different kind of competitor: the decentralized finance (DeFi) ecosystem. …
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Crypto and DeFi remain mostly a subculture in the world of global finance. What does the industry need to do to achieve real, mass adoption? Satoshi Natakmoto’s anonymity and powerful mining-incentive mechanism are key examples of what made Bitcoin (BTC) unique and led to its unparalleled success. But for truly democratized money and finance to…
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Optimistic blockchain predictions for next year may be accurate, but a lot of factors will have to fall into place. American market research company Forrester recently released its blockchain predictions for 2021. The report reveals interesting findings, noting that 2020 has been an important year for growth in the enterprise blockchain and distributed ledger technology…
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Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC. DeFi struggles as Bitcoin shines The DeFi Composite Index, first launched…
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Is the DeFi bubble over? Bitcoin network activity spike may indicate that attention is shifting towards crypto’s largest asset. The DeFi bubble seems to be slowing down in the last months of 202, with fees and confirmation times retreating back to less formidable levels. “ETH fees are way down suggesting the DeFi madness has abated…
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The centralized part of “CeDeFi” did not seem to help, though. Binance announced Wednesday the successful recovery of $344,000 in funds from the attempted exit scam of Wine Swap, a project on the Binance Smart Chain (BNB). Wine Swap was an automated market maker platform similar to Uniswap that launched on Oct. 13. Within an…
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But the solution isn’t exactly simple. Boson Protocol, a project that seeks to connect the real world of physical commerce to smart contracts, announced a successful $350,000 investment round on Monday. The project is creating the “building blocks for next-gen dCommerce apps” by providing a way to redeem blockchain tokens for their real-world physical counterpart.…
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Top holders control vast amounts of supply. A new report jointly developed by DappRadar and Monday Capital analyzes the token distribution and governance proposals seen in major DeFi protocols. Despite efforts to decentralize control in the yield farming phase, the researchers maintain that many projects, especially those with strong venture capital roots, remain highly centralized.…
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Tim Draper remains bullish on DeFi and Bitcoin but thinks regulation has not caught up with the technology. Two years ago, venture capitalist and noted Bitcoin investor Tim Draper publicly stated that Bitcoin will hit $250,000 by 2022. Yet, as Bitcoin continues to gain interest from investors, Draper revealed to Cointelegraph during an interview that…
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