The Terra Protocol is an up-and-coming crypto platform for DeFi and payment projects, spurred on by working products and a growing audience for DApps based on its technology. LUNA, the native coin of the Terra blockchain, shot up another 37% to $2.46 on heavy trading volumes today, continuing a parabolic climb that started in mid-November. […]
Pioneering Aussie engineer refinances home loan using DeFi in a single day
After hitting a wall with banks, a borrower has turned to DeFi to pay off his mortgage. A software engineer has taken decentralized finance to a new level of practicality, by paying off his mortgage with Commonwealth Bank of Australia and refinancing the loan through fixed-rate lending protocol Notional Finance. The move marks a major […]
Miami mayor says city employees should be able to take their salaries in Bitcoin
Miami wants to overtake Silicon Valley as the most Bitcoin-friendly place in the U.S. Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin’s adoption throughout the city included enabling city employee salaries to be […]
Ethereum (ETH) rockets to a new all-time high at $1,500 as altcoin market cools
After tremendous price surges in decentralized finance coins and many smaller-cap crypto assets, attention is finally returning to Ethereum. The second-largest cryptocurrency by market capitalization is in the midst of shooting higher to new all-time highs as the altcoin market froth starts to cool down. Ethereum currently trades for $1,500 as per CryptoSlate market data, […]
Crypto Asset Manager Bitwise Files to Publicly Trade Bitcoin Fund
On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets. Bitwise Plans to Compete With Grayscale’s Bitcoin Trust The […]
Bitcoin and Ethereum held on exchanges drops to a multi-year low, here’s why
Lucrative DeFi investing opportunities and increasing participation from institutional investors are driving the amount of Bitcoin and Ethereum held on exchanges to new lows. Recent global developments have put a spotlight on the cryptocurrency sector as people across the world begin to question the decision making process of governments and central banks. Multiple metrics like […]
Proof-of-Stake (PoS) coins are having a blast this week
Cryptocurrency tokens based on Proof-of-Stake (PoS) consensus algorithms have been booming over the last seven days as many of them are seeing weekly growth of 50% or more, according to CryptoSlate’s proof-of-stake sector data. Proof of Stake (PoS) coins are red hot today! 🔥 Over the past week, PoS coins are up 16.69% and in […]
Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships
Band, Loopring and Cream aim to increase their DeFi market share by building new partnerships and offering solutions that address fees, lending and price discovery. The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to […]
pNetwork Launches Wrapped EOS on Ethereum to Connect the Two Biggest DeFi Ecosystems
During the last year, Ethereum’s DeFi ecosystem has grown exponentially to form a multi Billion Dollar market. As Decentralized Finance expands, it becomes more and more relevant to have cross-chain connections that enable crypto assets to flow instantly and seamlessly across blockchain networks. These make it possible for DeFi platforms to be an effective alternative […]
Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform
Global music distribution service Ditto has unveiled the latest addition to its service lineup for musicians with a blockchain-based financing platform named Opulous. Opulous Peer-to-Peer Lending Platform Serves as a Loan Pool Designed to Help Artists Ditto continues its efforts to improve the value chain for artists. Unlike other decentralized finance (defi) protocols, Opulous reflects […]