As DeFi protocols continue to garner mainstream traction, here’s an introduction to how lending and borrowing work on these platforms. Are there any risks involved?DeFi protocols feature certain risks, such as third-party smart contract tampering and the risk of borrow APYs rising dramatically within a short time period.When compared with…

YFI price can break above $50,000 if Bitcoin continues to consolidate in the near term. As Bitcoin’s (BTC) price has been consolidating in recent weeks, many other crypto assets started to show strength. This was largely expected since altcoins generally do better once BTC cools down. Lower volatility in Bitcoin means higher volatility…

Biden’s pick to run the SEC has some serious crypto and blockchain chops. President-elect Biden’s team recently unveiled additional folks it plans on nominating for various positions after the inauguration on Wednesday. One key pick is Gary Gensler as Chairman of the Securities and Exchange Commission, or SEC, according to a…

Crypto Chi is a combination of financial innovation, libertarian and capitalist ideology, and human empowerment. Throughout 2020, we saw a consistent flow of news about legacy finance, major investment companies and large corporations looking to enter the digital assets industry. The value proposition for investing in Bitcoin (BTC) and other…

Mai Fujimoto’s Kizuna crypto donation platform is partnering with blockchain gaming platform Enjin to sell tokenized celebrity artwork. Early crypto evangelist, Mai Fujimoto, a.k.a. Miss Bitcoin, has partnered with blockchain gaming ecosystem Enjin to launch Japan’s first nonfungible token, or NFT, charity project.According to a Jan. 18 blog post, the…

Cold hard numbers are showing why Bitcoin moons and dumps — and the reasons are more straightforward than you might imagine. Bitcoin (BTC) is still at the “low end” of a 2021 bubble, new data tracking miner and investor behavior suggests. In the latest signal that BTC price action still has…

As the crypto markets mature and institutional money flows into the space, technology to detect fraud and money laundering involving digital assets is more important than ever. The crypto industry has boomed over the past 12 months. While 2019 began with a total market cap of $200 billion, the explosion…

The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act. Huobi Korea, the South Korean arm of the world’s second-largest cryptocurrency exchange by trading volume, has been certified by a major regulator.According to an announcement on Jan. 18, the…

An Australian Bitcoin exchange operator has taken legal action against two commercial banks in the country, accusing them of discriminatory practices. Allan Flynn, a Bitcoin trader in Australia has filed a complaint against two commercial banks in the country — ANZ and Westpac — accusing both of systematic discrimination. According…

A palladium fund founded by Norilsk Nickel will launch exchange-traded commodities for metals custodied using blockchain at the Deutsche Börse and London Stock Exchange. The world’s largest producer of palladium and high-grade nickel, Norilsk Nickel, is pressing ahead with its digital technologies strategy. As of Jan. 18, Nornickel’s Global Palladium…

Bitcoin could drop to as low as $27,000 in a bearish scenario, analysts say, which would bring panic to the altcoin market. Some analysts say that the price of Bitcoin (BTC) could drop to $27,000 in a bearish scenario if it falls through the $30,000 support area.The potential drop to…

Unlike most blockchain gaming fundraises, this one offers equity in the company and future profit-sharing. Exordium, the publisher of the upcoming sci-fi strategy game Infinite Fleet, has announced a public security token offering, or STO, on the STOKR platform, starting Jan. 18.The $8 million sale to raise funds for the…

European football giants AC Milan are the latest major sporting institution to employ blockchain-based fan tokens in a bid to reach 450 million fans amid lockdown. European football giant AC Milan is the latest sporting organization to jump on the blockchain bandwagon after it announced the impending launch of the…

Russian cryptocurrency exchange Livecoin has announced a full shutdown following an alleged hack in December 2020. Russian cryptocurrency exchange Livecoin has announced it is shutting down after abruptly halting operations in late December 2020.According to Livecoin’s main page, the exchange is unable to continue operations due to financial and technical…

The market capitalization of Chainlink has surpassed Bitcoin Cash, as the DeFi market continues to prosper with TVL exceeding $24 billion. Chainlink (LINK), the oracle-focused blockchain protocol, surpassed Bitcoin Cash (BCH) to become the eighth-biggest cryptocurrency as of Jan. 18.The market capitalization of Chainlink now hovers at $9 billion and…

Beginning in April, the electronics giant and university R&D team will evaluate and tweak the new trading system’s performance before commercialization. Mitsubishi Electric has teamed up with researchers from the prestigious Japanese university, Tokyo Tech, to jointly design a blockchain-based trading system that can support more flexible, peer-to-peer energy trading.Announced…

The week in which the U.S. presidency changes sees limp stocks and a rangebound Bitcoin, but what could provide a fresh shake-up? Bitcoin (BTC) is back in familiar territory as the week begins after a weekend spent ranging in its new, albeit large, trading corridor above $30,000.With the United States…

“Physical Bitcoins are a rarity, they’re sort of like Picasso and Van Gogh paintings were back in those days. Nobody realized how rare they were.” Since 2011, a group of enthusiasts and collectors have been obsessed with the physical manifestation of Bitcoin.On the face of it, physical Bitcoin seems like…

A travel and mapping application with 140 million users worldwide has raised $50 million to integrate decentralized finance protocols into its platform. Leading offline mapping application Maps.me has conducted a $50 million fundraising round to embed decentralized finance tools onto its platform.The funding round for “Maps.me 2.0” was led by…

The open interest on Bitcoin options has hit $8.8 billion but data show bulls are in favor after BTC’s rally to a new all-time high. Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4…

After a stormy weekend for DeFi’s original yield vault, dust is settling and a path forward is being paved What started as a simple governance proposal to build a war chest for the the Yearn.finance development team has now spilled over into a wider conversation about incentivization, sustainability, and fair…

Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper. Stephen Harper, who served as prime minister of Canada for nine years, says there may be a place for Bitcoin and central bank digital currencies as part of a basket of reserve…

Analysts say Bitcoin and Ether’s growing dominance of the crypto market are signals that the current bull market is drastically different than the last one. New data from Pantera Capital, an investment firm and hedge fund, suggests that Bitcoin’s (BTC) current price action is closely following the stock-to-follow model’s trajectory…

Current CTO David Schwartz claims Stefan Thomas created hundreds of accounts with 1.0 BTC “because that was the fastest and easiest number to type” for his experiments. David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars…

Bitcoin’s brief period of consolidation has opened a path for select altcoins to rally higher. Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led…