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“# Finance Redefined: If it ain’t broke, don’t fix it? Jan. 6–13 ” Finance Redefined is Cointelegraph’s newsletter focusing on the latest events and trends of DeFi, delivered to subscribers every Wednesday. This week I wanted to highlight Andre Cronje’s recent confession on Medium, which triggered a fair bit of discussion and quite a bit…
“# Yearn proposes “buyback and build” strategy for YFI holders ” The Yearn.finance community is introducing a proposal to reform the current token economics of YFI. Popularly called “buyback and build,” the proposal aims to bolster the project’s treasury while also generating value for all stakeholders. Its list of authors includes Yearn core developers Banteg,…
“# Four cryptocurrency block reward halvings to look out for in 2021 ” Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings….
“# Survey: 25% of crypto users not securing assets as well as they think ” Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Jan. 13. The results give a number of insights into the current state of security in the digital asset space and show that a…
“# Digital ruble could be still vulnerable to fraud, Russian banks warn ” Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan….
“# $2.2M Beeple NFT art drop to be tokenized in virtual music festival ” Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. This in itself was…
“# US Navy awards $1.5M jet fighter contract to blockchain project ” SIMBA Chain, a cloud-based smart contract platform, has been tasked with revamping the supply chain of the United States military after it received a $1.5 million grant from the U.S. Office of Navy Research. The project will be responsible for developing a blockchain-based…
“# Uniswap’s growth lead bites back over Yearn Finance’s SushiSwap merger ” Uniswap growth lead Ashleigh Schap has slammed a recent article from Yearn Finance founder Cronje that criticized forked protocols in the DeFi space, with Schap describing Yearn’s recent merger with SushiSwap as validating a “stolen DApp”. Cronje’s Jan.12 blog post, “Building in DeFi…
“#Biden’s big tech ties and other commentary” From the right: Biden’s Big Tech Ties President-elect Joe Biden is building an administration with ties to all five Big Tech firms that “clamped down this week on President Trump and Parler, a social-media site popular with conservatives,” reports the Daily Caller’s Chuck Ross. At least 14 of…
“#Visa and Plaid call off $5.3B merger citing DoJ pushback” Visa is calling off its marriage with fintech startup Plaid rather than fight the Justice Department’s claims that the tie-up would limit competition in the debit-card market. The two companies announced after the closing bell on Tuesday that they are terminating their planned $5.3 billion…