The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic. Source link
Muyao Shen
17 posts
Prices for both Bitcoin and Ether fell sharply in the past 24 hours, after a drop in global equities. Source link
A group of anonymous Uniswap users is trying to unite the many small holders of the UNI governance token to deal with potential problems in the automated market maker’s (AMM) governance. Yet that is what the launch of UNI last week was supposed to do. The big initiative being promoted […]
Uniswap’s governance token, UNI, which was launched Wednesday night, has been on a roller-coaster ride in the past 24 hours, but despite the price volatility the total market cap of UNI could make the automated market maker (AMM) one of the most valuable decentralized finance (DeFi) projects in the coming […]
Federal Reserve officials said Wednesday that they would hold U.S. interest rates close to zero and work to push inflation above 2% “for some time.” Source link
Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they are now trying to reposition themselves as integral parts of this exploding sector, particularly as […]
Binance continues to chase after decentralized finance, known as DeFi, by giving its new Binance Smart Chain access to its centralized exchange. Source link
Huobi, the third-largest crypto exchange by derivatives trading volume, is now giving users a way to earn relatively attractive interest rates on a bitcoin or USDT savings account. The product, launched Sept. 7, is the exchange’s latest bid to beat its competitors as it boosts its assets under management. Huobi’s […]
Despite three “51% attacks” in a month, Ethereum Classic’s price has demonstrated strong resilience. Though down a bit for the past month, its persistence may indicate that security is not a top priority for investors rushing to join a bull run in the crypto market. However, some warn that unless […]
Cryptocurrency exchange Huobi is taking aim at competitor OKEx in China, specifically the business of trading bitcoin futures and other derivatives contracts. The fight opens a new front in a longstanding rivalry. OKEx, which is led by Chinese executives and based in Malta, is the world’s biggest crypto derivatives exchange, […]
Growing institutional interest is helping to drive a recent spike in volume on Bakkt, according to its president, Adam White. But the U.S.-regulated crypto derivatives exchange is holding out hope its dormant options platform will eventually gain traction. Trading volumes for physically settled bitcoin futures on Bakkt rose to $134 […]
Cryptocurrency exchange Bitstamp told CoinDesk it will migrate its customer accounts from its London-based Bitstamp Limited to its entity in Luxembourg. But operations at Bitstamp Limited will not be affected by this decision, according to the company. “[This is] a move that has been planned for months,” Vasja Zupan, chief […]
The “Bitcoin Rich List” reached a new high, possibly because of more interest from institutional and high-net-worth investors. Source link
Prices for ren, the token for the RenVM DeFi network, surged by more than 100% over the past week. That’s because the total amount of renBTC, a tokenized bitcoin that is locked in RenVM, broke 10,000 on Monday, according to data collected by DeFi Pulse. Source link
OKEx has confirmed a loss of approximately $5.6 million in Ethereum Classic (ETC) from two recent 51% attacks and is considering removing ETC from its exchanges. Yet, as the cryptocurrency exchange with the highest trading volume of ETC, OKEx acknowledged that removing ETC from trading would not be an easy […]
George Ball, the former chief executive officer of Prudential Securities and now CEO of Sanders Morris Harris, suggested that bitcoin or other cryptocurrencies could be “a safe haven” for investors and traders as an alternative investment. Ball, who claimed himself as a Bitcoin and blockchain opponent, said in an interview […]
The long-existing, U.S. dollar-ruled financial system could come to an end amid challenges from a potential multiple-currency system, which includes digital currencies, according to an Aug. 14 research note by Dick Bove, noted senior research analyst at Odeon Capital Group LLC, a New York City-based investment bank. Source link