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DeFi lending and borrowing, explained

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...

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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...

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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...

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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...

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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...

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Grayscale Investments liquidates all of its XRP… while it still can

Grayscale is dissolving its XRP Trust and will distribute cash to investors after liquidating all XRP held by the trust. Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a...

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Rick and Morty creator auctioning NFT artwork collection

The platform stated it would offer “several original artworks” from Justin Roiland as part of his NFT collection. The Winklevoss-owned Nifty Gateway has announced the auction of a crypto art collection from the voice actor and co-creator behind Adult Swim's cult animation series Rick and Morty.According to a tweet from...

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Bitcoin briefly loses its spot as top cryptocurrency — Wait, what?

Bitcoin's twin took over the number-one spot on CoinMarketCap. Bitcoin's market capitalization was briefly flippened today as Wrapped Bitcoin suddenly gained quadrillions of dollars in value.WBTC showed a behemoth market cap of about $432 quadrillion for a brief period (the total world money supply is estimated at $1.2 quadrillion, including...

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