DAI

Verifone Adds BitPay to Payment Terminals for Purchases In-store, In-App and Online

If you have crypto and want to spend it, you’re not alone. A recent survey says more than 93% of consumers with crypto feel the same way.  In fact, consumers report they specifically want to spend it on everything from groceries, to furniture, appliances, financial services, travel, and more.That's why we’ve partnered with Verifone, the industry leader for in-store, in-app and online payments.  Together, BitPay and Verifone are making it easier to transact with crypto while also offering more ways to live life on crypto!Without having to convert to fiat

Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban

The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in

Latest DeFi Flavor ‘Pickle’ Aims to Alleviate Stablecoin Volatility

New DeFi yield farming platforms have been coming thick and fast over the past month or so with new opportunities popping up almost every day. The latest offering garnering attention is Pickle Finance which aims to help mitigate the relative instability in stablecoins. The majority of DeFi doppelgangers do mostly the same thing with a few slight variations. Essentially, offering a worthless governance token as an incentive to lure liquidity providers. In some cases, the token performs well for some time, while others dump just as quickly as they pump.

eToro Launches GoodDollar and Leverages Yield Farming and Staking to Deliver a Sustainable Global Basic Income

September 8, 2020 — Multi-asset investment platform, eToro, is excited to announce that it has launched GoodDollar: a non-profit initiative that leverages decentralized finance to offer a protocol for distributed basic income. First proposed at Web Summit 2018, the concept has since advanced into a working economic model, wallet, and digital basic income coin that was launched this week. The launch of GoodDollar means that anyone with an internet connection and phone number can receive its native crypto asset, G$, store it in the GoodDollar wallet, and transact. A pool

YFValue Protocol: What is $YFV?

A brief report on the YFValue protocol, its background/history, value and mission, audit status, yield farming pools, and the YFV token. Yield farming and liquidity mining projects have been the new DeFi craze lately, especially aggregators. The popularity of yield farming aggregators arises from the fact that they automatically switch users’ funds among the best sources of generating income. The first project to kickstart this chain reaction was yearn.finance (YFI).  YFValue Protocol is a fork of yearn.finance. It was born out of the idea that the DeFi playing field wasn’t

Binance launches first centralized exchange’s AMM pool called Liquid Swap

Cryptocurrency exchange Binance announced today the launch of its “centralized” Automated Market Maker (AMM) pool called Binance Liquid Swap, which will have different liquidity pools that will allow liquidity providers to earn interest and income from trading fees. Founder and CEO of Binance, Changpeng Zhao said that he was taking cues from the DeFi trend and published a tweet that stated: Rough day for all markets today, but we keep building.Learning from #DeFi, #Binance Liquid Swap: Instant Liquidity, Low Fees. #BNB https://t.co/us3ZRLmBle— CZ Binance (@cz_binance) September 4, 2020However, in the case of

What is Wrapped Bitcoin (WBTC) and How Can DeFi Investors Use It?

Even though DeFi is taking off, a little extra liquidity could prove to be the wind beneath its wings. Powered by 46 partners—and counting—Wrapped Bitcoin (WBTC) is blowing in from all corners of the globe. Wrapped Bitcoin (WBTC) is an ERC-20 token, pegged to bitcoin 1:1, that was launched on the Ethereum network on January 31, 2020. As a result, bitcoin can be used in the largely Ethereum-powered DeFi market. How Does Wrapped Bitcoin Work? There are three key players in the process of a bitcoin holder getting WBTC: the

Binance Looking to Mimic DeFi Liquidity Pools with Centralized AMM

Following the DeFi craze that lured participants in with Automated Market Maker (AMM) systems, centralized exchanges like Binance are now eager to follow suit. One of the largest centralized cryptocurrency exchanges around, Binance has launched its own AMM liquidity swap on Sep 4. The Trend in Market Making Earning fees as a liquidity provider has been a possibility for some time, ever since the first decentralized exchanges were launched. With a lot of progress being made on providing liquidity in decentralized markets, AMM systems came into the limelight recently when

Stablecoin market cap increases by $100M every single day

The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins.According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, and USDT_TRX has been increasing by roughly $100 million daily for almost two months.“Everyone got so excited about DeFi no one pointed out that stablecoins have been adding $100m/day since mid-July,” said