As DeFi protocols continue to garner mainstream traction, here’s an introduction to how lending and borrowing work on these platforms. Are there any risks involved?DeFi protocols feature certain risks, such as third-party smart contract tampering and the risk of borrow APYs rising dramatically within a short time period.When compared with...
Blog
0
Bitcoin bubble will pop sooner or later, says famous Russian BTC critic
Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method. Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan. 14.In an interview with local news agency...
0
EDM star Deadmau5 teams up with Mad Dog Jones on NFT art collection
EDM artist Deadmau5’s NFT collections highlight the potential of digital artworks to his millions of followers. EDM star Deadmau5 has partnered with digital artist Michah Dowbak — aka Mad Dog Jones — to release two NFT art collections on the Winklevoss-owned Nifty Gateway today. pic.twitter.com/H2cGuoB1M0— Goat lord (@deadmau5) January 12, 2021...
0
Respect the Pomp: RSK’s token spikes 30% after founder appears on podcast
RIF got a nice price boost hours after its founder appeared on Pomp’s podcast. RIF, the utility token for smart contract network RSK, shot up over 30% in price after an appearance by its founder on the Jan. 13 edition of The Pomp Podcast. The gain equates to a $36...
0
Block.one’s Bitcoin reserves are now worth double the entire EOS market cap
Block.one holds a reported 140,000 BTC which is worth around double the EOS market cap. Does that make EOS a buy? EOS has largely under performed during this crypto rally and has dropped out of the top ten by market cap, but one industry executive believes it could be one...
0
DOT flip: Polkadot overtakes XRP to become the fourth largest cryptocurrency
DOT is on fire today as it surges up the market cap charts to fourth spot. There have been some big movers as the crypto market rally resumes and Polkadot’s DOT token is among them.According to figures from leading analytics portal Coingecko, DOT has flipped Ripple’s XRP in terms of...
0
If Bitcoin doesn’t break record highs right away, it wouldn’t be the worst thing, trader posits
Trading sideways for a while could be healthy for Bitcoin. After its rise past $40,000, and a correction back to nearly $30,000, Bitcoin (BTC) has rebounded once again. Stalling before jumping back up past highs near $42,000 could be good for the asset, however, according to Brian Krogsgard, a trader and...
0
0x (ZRX) price rallies 35% ahead of v4 mainnet update
An upcoming mainnet upgrade and increasing DEX market share back 0x's (ZRX) recent double-digit rally. Decentralized exchanges (DEX) are a giant leap in permissionless and transparent trading, and they exist as fantastic alternatives to centralized exchanges. While DEXs ease the process of listing new ERC-20 tokens and remove the need to...
0
Coinbase invests in US-based mining firm amid industry diversification efforts
Titan secured funding from Coinbase to offer a U.S.-developed software suite for miners. Coinbase Ventures, the investment arm of the major crypto exchange, has invested an undisclosed amount into Titan, a developer of software and services targeted at industrial Bitcoin (BTC) mining.According to Titan’s announcement, the investment will help continue...
0
Grammy winner Portugal. The Man launches fan token on Ethereum blockchain
In a first for the blockchain world, the Grammy Award-winning band will use cryptocurrency tokens to distribute previously unreleased material. Grammy Award-winning American pop-rock band "Portugal. The Man" has launched a fan-focused cryptocurrency on the Ethereum-based Rally Network. Known as PTM Coin, the new token will reportedly grant fans exclusive...