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“# Yearn Finance absorbs Pickle to boost DeFi rewards ” Decentralized finance protocol Yearn has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai. According to an announcement from Yearn founder Andre Cronje, the…
“# Filecoin storage tops 1 billion GB as tokenized FIL launches for use in DeFi ” Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum. The firms announced wFIL on Nov. 23, promoting its use in decentralized finance applications…
“# Blockchain-based voting systems have potential despite security concerns ” The 2020 United States presidential election was met with an increase in mail-in ballots due to COVID-19 concerns. Yet while many Americans stayed away from polling stations this year, postal delays, rejected ballots, and other challenges emerged. Unsurprisingly, better ways for casting votes during major elections…
“# DeFi protocol 1inch set to be the first to expand to the NEAR blockchain ” The Mooniswap decentralized exchange protocol, developed by DEX aggregator 1inch Exchange, will be the first Ethereum (ETH) DeFi protocol to develop on NEAR, a sharded smart contract platform. As part of a collaboration announced on Tuesday, the 1inch team…
“# Bitcoin market cap hits new all-time high and surpasses JPMorgan at $352M ” Amid an ongoing parabolic bull run, Bitcoin (BTC) is breaking another major milestone in terms of its market capitalization against American banking giant JPMorgan. On Nov. 24, Bitcoin surpassed the $19,000 price mark for the first time since December 2017, breaking…
“# Japanese financial giant SBI debuts Bitcoin lending service ” Japanese financial giant SBI Group is introducing a cryptocurrency lending service through its crypto-related subsidiary, SBI VC Trade. According to an official announcement on Nov. 24, the new crypto lending platform will allow users to lend their crypto to SBI and earn interest at a…
“# ETH 2.0 confirmed for Dec. 1 launch just hours before deadline ” ETH 2.0’s beacon chain genesis has been confirmed for Dec. 1, following the transfer of 524,288 Ether from 16,384 validators into the ETH 2.0 deposit contract since it went live on Nov. 4. Despite early concerns stemming from low staking participation, transfers…
“# ETH 2.0 set to launch Dec. 1 after late surge in deposits ” ETH 2.0’s Phase 0 launch looks all but certain for Dec. 1, with the number of Ether transferred to the ETH 2.0 deposit contract snowballing as today’s deadline approaches. As of this writing, nearly 499,000 of the 524,288 Ether required to…
“# Ethereum-based market platform unveils a new DAO ” Gnosis, an Ethereum-based platform that facilitates betting on events and other metrics, revealed plans for its own Decentralized Autonomous Organization, or DAO, called GnosisDAO. “This will have the effect of progressively decentralizing Gnosis as a project using a native governance framework powered by their token economy,…
“# Suzhou to launch digital yuan ‘red envelope’ trial for Double 12 event ” The Chinese city of Suzhou will be the second to roll out a “red envelope” trial for the forthcoming digital yuan, according to a report in local media outlet The Paper. Following the successful pilot scheme run in the city of…