system

Yearn Finance’s YFI Token Hits Five Figures, Closing in on BTC Price

Source Node: https://beincrypto.com/yearn-finances-yfi-token-hits-five-figures-closing-in-on-btc-price/
Time Stamp: August 19, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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As DeFi tokens continue to lead crypto markets ever higher, some such as Yearn Finance’s YFI token are making monumental gains, but is it all for the whales only? With a very limited supply of just 30,000 tokens, demand for YFI is palpable. A single token now costs almost as much as one BTC and it does not seem to be slowing down. The high-flying token is the basis of the Ethereum-based DeFi yield aggregator Yearn.Finance, which allows users to maximize returns and earn interest on crypto collateral while saving

Goldman Sachs Is Hiring a New VP of Digital Assets

Source Node: https://cointelegraph.com/news/goldman-sachs-is-hiring-a-new-vp-of-digital-assets
Time Stamp: August 19, 2020 12:52 AM - Modified On: May 21, 2021 - Published By:
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Investment banking giant Goldman Sachs is hiring a new vice president in the Digital Assets team within its Global Markets Division in London.According to a recent job posting on the investment firm’s website, the new VP will work with the Digital Assets team in “defining and executing Goldman Sachs’ distributed ledger technology (DLT) and blockchain efforts firmwide, including any potential initiatives in the cryptocurrency space.” The role requires that any applicants be able to identify opportunities where blockchain and DLT digital assets can add value.The current global head of digital

How to Restore Your Faith in Government

Source Node: https://www.bitcoinmarketjournal.com/how-to-restore-your-faith-in-government/
Time Stamp: August 18, 2020 5:47 PM - Modified On: May 21, 2021 - Published By:
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Images courtesy of MIT Video Productions Here’s the announcement of the new blockchain education program with the Massachusetts state government. It’s a big deal. We have a vision for where this kind of partnership can go, when governments begin educating themselves on the power of bitcoin and blockchain. That vision can be summed up in two words: Kendall Square. Kendall Square, then. The Kendall Square neighborhood lies next to the Massachusetts Institute of Technology, stretching along the Charles River that separates Cambridge from Boston. (Here’s a map.) Although you’d think

Roger Ver Promotes Dash on Reddit

Source Node: https://beincrypto.com/roger-ver-promotes-dash-on-reddit/
Time Stamp: August 18, 2020 2:52 PM - Modified On: May 21, 2021 - Published By:
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In a somewhat surprising turn of events, Roger Ver, the co-founder of Bitcoin fork, Bitcoin Cash (BCH), today told users to buy DASH on Reddit. The statement came as a result of users requesting an Infrastructure Funding Plan (IFP) for BCH.  The Dash Twitter world was quick to point out Ver’s statement: As a founder of his own cryptocurrency, Ver does not often shill other coins, and his endorsement isn’t always a positive thing. Ver has been an outspoken critic of the parent Bitcoin chain for years, saying that Bitcoin

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

Source Node: https://bitcoinmagazine.com/articles/questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto?utm_source=rss&utm_medium=rss&utm_campaign=questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto
Time Stamp: August 18, 2020 1:26 PM - Modified On: May 21, 2021 - Published By:
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The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed — we just don’t yet know exactly how.  As the dust begins to settle, there are a number of important questions we need to ask. What is the thinking behind the OCC’s letter? Why now? And

Ham to Improve on Yam With Latest DeFi Experiment

Source Node: https://beincrypto.com/ham-to-improve-on-yam-with-latest-defi-experiment/
Time Stamp: August 18, 2020 1:13 PM - Modified On: May 21, 2021 - Published By:
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The Yam yield farming frenzy that took DeFi by storm last week highlighted a number of elements that could have been improved with the launch. A new offering called Ham aims to right the wrongs and improve on Yam with a truly community-driven project. There were several flaws with the Yam launch, but the ultimate reason was that it had to be rescued by whales. This pretty much negates any progress made on the path to becoming a truly democratic and community-governed monetary system. A migration plan proposed late last

Brave Releases Update on its Decentralized Ad Platform

Source Node: https://beincrypto.com/brave-releases-update-on-its-decentralized-ad-platform/
Time Stamp: August 18, 2020 11:59 AM - Modified On: May 21, 2021 - Published By:
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In a June blog post, the team behind Brave, the open-source browser known for its privacy and unique advertising model, published a straw version of one of its research initiatives. The initiative is an ad platform called ‘THEMIS.’ Themis is a decentralized and private-by-design protocol that aims to improve upon the current Brave ad ecosystem. This new protocol comes with numerous potentially attractive features. According to Brave, it will give users anonymity, it’s decentralized, it requires zero trust, and provides auditability. On August 17, the team published part two of

What is Bancor Protocol? A DeFi Guide to BTN

Source Node: https://www.asiacryptotoday.com/bancor-protocol-guide/
Time Stamp: August 18, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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Bancor Protocol takes advantage of smart contracts to build a decentralized, interoperable, and highly-liquid token exchange protocol. It became popular in the decentralized finance (DeFi) space shortly after having introduced smart tokens that facilitate instant exchange between different ERC-20 tokens in the market, regardless of their volume. Such development has opened a lot of other opportunities to users without having to involve third-party financial service providers in the scenario. Table of Contents Background The Team The team consists of five members of the Bancor Foundation, based in Zug, Switzerland. Bernard

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Source Node: https://bitcoinist.com/defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund/?utm_source=rss&utm_medium=rss&utm_campaign=defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund
Time Stamp: August 17, 2020 3:11 PM - Modified On: May 21, 2021 - Published By:
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Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and teams seeking to create scalable DeFi dApps. Qtum is not the first blockchain platform to lay down the red carpet to DeFi devs; Matic Network recently issued a similar call, with a generous grant program

Coinbase‌ ‌to‌ ‌Offer‌‌ ‌Bitcoin-Backed‌‌ ‌‌Loans‌‌ ‌to‌ ‌US‌ ‌Customers | Bitcoin News Summary Aug 17, 2020

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-17-2020/
Time Stamp: August 17, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:
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 Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings. One of the largest and most regulated crypto exchanges is capping credit lines at $20,000 per customer and offering an interest rate of 8% for bitcoin-backed loans with terms of one year or less. Yam, a DeFi token, suffered a fatal Code flaw which saw about $750,000 worth of tokens get locked up permanently and irretrievably. The project launched on Tuesday and had already accumulated over half a billion Dollars

Blockchain-Backed Social Media Brings More Choice for Users

Source Node: https://cointelegraph.com/news/blockchain-backed-social-media-brings-more-choice-for-users
Time Stamp: August 16, 2020 10:00 AM - Modified On: May 21, 2021 - Published By:
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As people continue to rethink topics like technology development, economic measures and freedom of speech because of the COVID-19 pandemic, blockchain has now emerged as a solution for many issues. Iva Wisher, co-founder of Ignite, a decentralized microblogging platform, said blockchain may also be a solution against state-sponsored censorship in today’s pandemic-related new normal. During an interview with Cointelegraph, Wisher clarified that in general, freedom of speech means a “possibility to express any opinion, even an unpopular one, unless this opinion is not a call to violence.”The blockchain technology then could