The soon-to-be top executive at Amazon has released blockchain products in the past. Amazon has announced today that founder and CEO Jeff Bezos is planning to step down as CEO, and Amazon Web Services CEO Andy Jassy — who oversaw Amazon’s crypto product offerings — will replace him. In his letter to employees, Bezos said […]
Led by Uniswap, decentralized exchange volumes soared above $50B in January
Decentralized exchange volumes reached a record $55-billion high in January as Uniswap and SushiSwap saw a significant surge in activity. Decentralized finance (DeFi) has emerged as one of the driving forces of crypto sector growth, and it is also establishing itself as an integral component driving widespread adoption of cryptocurrencies. A recent report from Delphi […]
Following Balancer V2 protocol announcement, yield farming still in development
The team is awaiting community input to determine the parameters of V2’s liquidity mining Automated market maker (AMM) Balancer announced today a widely-anticipated V2 of their decentralized exchange protocol, featuring a host of upgrades centered on “security, flexibility, capital efficiency and gas efficiency” — but yield farmers are left wondering about the all-important liquidity mining […]
Interoperability will determine CBDC winners and losers
To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage. China has opened testing for its digital yuan. The excitement surrounding this project has electrified several major Chinese cities, as well as onlookers throughout the world. Most recently, Shenzhen launched its […]
Square’s Cash App briefly halts buying AMC and Nokia stock
“This was not Cash App’s decision – we disagree with this move wholeheartedly,” tweeted the service. Cash App, the Bitcoin-friendly mobile payments app from U.S. financial services firm Square, restricted buys from some of the stocks connected to the Wall Street shorts for more than four hours today. According to an announcement from Cash App, […]
Publicly-Listed Air Purifier Manufacturer Adds Dogecoin as a Form of Payment Amid Token’s Popularity
As the so-called ‘meme coin’ is actively making the headlines within the crypto sphere, a publicly-traded company is joining the dogecoin frenzy. Kronos Advanced Technology announced they’ll start accepting dogecoin as one of its payment methods. Kronos Also Accepts Other Cryptocurrencies Such as Bitcoin and Ether According to the announcement, the Los Angeles-based firm is […]
Around the Block #11: A snapshot of DeFi and two sides of the crypto regulatory spectrum
Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, Justin Mart and Ryan Yi take a look at the current state of DeFi and two sides of the crypto regulatory spectrum. A snapshot of DeFi In the midst of a broad crypto bull market, DeFi has continued its strong […]
Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15
The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project. He mentioned improvements to do with stealth addresses, as well as enhancements to the wallet interface. But crucially, Burkett puts a date of March 15 for when he can hand it over to the community for review. January Progress: […]
The USD Dam: How To Spot The Failures Of Faith And Function In Fiat Currencies
As of late, it is a regular occurrence to hear suits from the mainstream media cry out for the “need for liquidity to save us.” “But what is this liquidity that they speak of?” the average Joe may think. The ocean of monetary energy known as the U.S. dollar is often misunderstood but this “liquidity” […]
Ethereum price hits a $1,500 all-time high as ETH options and DeFi heat up
Growth in DeFi, increasing on-chain activity and the strength of the bullish Ethereum options market helped send Ether price to a new all-time high at $1,500. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high at $1,500 today. Data suggest that the ETH options market showed […]