Fireblocks, an institutional digital asset security platform, announced an integration with Compound one of the largest lenders in decentralized finance. This integration will allow Fireblocks customers which consist of hedge funds, market makers, exchanges and others to tap into Compound’s money ma...
In a blog post released today, Bakkt announced its $300 million Series B financing round. The round saw participation by Intercontinental Exchange, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital. The company also updated its website with new deta...
Ethereum Classic will undergo its second block reward reduction from 4 ETC to 3.2 ETC on Mar. 16, with the arrival of block number 10,000,000. The network's block reward gets programmatically cut by 20% every five million blocks (roughly 2.25 years) per ECIP-1017, an improvement proposal accepted th...
In a blog post released yesterday, Coinbase announced the launch of Bitcoin transaction batching. The new feature will significantly reduce the load that Coinbase puts on the Bitcoin blockchain and could save users more than 50% on network fees. According to Coinbase, the release will introduce a sm...
In the midst of extreme market-wide turmoil, MakerDAO is facing one of its biggest challenges to date. The main form of collateral in the system, Ether, has dropped over 30% in a 24-hour timeframe marking one of the worst days in its short history. This has triggered an unprecedented wave of liquida...
With the recent market turmoil most large cryptoassets saw their year-to-date (YTD) returns turn negative. Bitcoin is now down 15.85% while Ethereum is down 0.95%.
The two outliers, BitcoinSV and Tezos had seen dramatic jumps in price earlier this year leaving them still in the green YTD.
Messar...
Aave recently collaborated with stablecoin issuer Tether to integrate USDT, the largest USD-pegged stablecoin in terms of market cap, into Aave's Ethereum-based lending platform. Users can now lend ERC- 20 USDT tokens to borrowers looking to take advantage of Aave's flash loans, a novel lending prod...
News
11 March 2020
As loan originations reach all-time highs, outstanding debt on Compound nears pre-MCD levels
Compound burst onto the scene last summer and has gradually become one of the largest credit platforms in DeFi. Unlike MakerDAO which denominates debt by minting newly created Dai, Compound is a money-market protocol that takes deposits of existing assets from prospective lenders and enables borrowe...
In a blog post released today, Circle unveiled USDC business accounts and APIs in an effort to expand use of its burgeoning stablecoin business. USDC business accounts will allow business to leverage public blockchain infrastructure to accept USDC stablecoin payments. Circle APIs will come out in th...
Bitcoin’s short-term price outlook is uncertain, to say the least. While the macroeconomic environment increasingly appears bullish for Bitcoin in the medium to long-term, given the current liquidity crunch it’s prudent to prepare for continued downward price pressure in the short-term.
In just ove...