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“# GameStop short squeeze highlights the power of decentralization ” The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less…
“# Australia’s eSafety Commissioner touts blockchain as a solution to trolls ” Australia’s eSafety Commissioner Julie Inman Grant has suggested a blockchain-powered ID solution could help tackle cyber abuse and trolling while allowing users to maintain a level of anonymity. Speaking to New South Whales media outlet The Sydney Morning Herald, Grant said that while…
“# Gamified yield farming with nonfungible tokens ” The concept of yield farming has gained a lot of traction over the past year or so particularly because it enables crypto owners to stake their assets in return for tangible returns within short time windows. And while the thought of earning a profit on one’s investment…
“# DeFi users shouldn’t wait idly for Eth2 to hit its stride ” Many people are anxiously observing the launch of Ethereum 2.0 because the media has touted it as a “game-changer” for the cryptocurrency industry. Yet the masses seem to forget there are viable alternatives in existence already. Is Ethereum 2.0 taking too long?…
“# Top Ethereum conference Devcon is delayed again ” Devcon, one of the biggest conferences for the Ethereum community and developers, has been delayed again due to uncertainty around the coronavirus pandemic. According to a Tuesday announcement, the Ethereum Foundation decided to hold off on the conference in Bogota instead of going ahead with its previously announced…
“# Major payments firm SIA to launch DLT-based secondary credit marketplace ” SIA, an Italian company specialized in e-payment services, is working on a blockchain-based system to enable secondary credit trading. The upcoming platform will allow banks, funds, and financial operators to negotiate secondary credit transactions via blockchain, SIA announced on Jan. 26. A spokesperson…
“# Survey finds 31% of Brits are crypto curious, but lacking information ” A recent United Kingdom-wide survey on attitudes to cryptocurrency showed that almost a third of respondents are curious about investing in digital assets. Crypto trading platform Ziglu commissioned the survey through OnePoll, a market research firm that polled 2,000 Britons. However, of…
“# Solana targets growth in Southeast Asia with a $5M grants scheme ” Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund. The Solana Foundation created the fund in partnership with Vietnam-based investment firm Coin98 Ventures, enabling regional startups building on Solana to receive technical, marketing,…
“# Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi ” Circle, the company behind the second most popular stablecoin USD Coin, has rolled out a new API that will allow for the seamless transfer of USDC to USD via automated clearinghouse (ACH) systems. The first exchange to adopt the new API…
“# Pragmatism: The true key to unlocking crypto mass adoption ” When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin was supposed to usher in an era of decentralization, financial inclusion and democratization. Yet…