“Money legos” might be an apt metaphor for what decentralized finance (DeFi) does, but since the summer another one has applied: jackpot. Money legos is the term used to describe the way Ethereum allows different financial services to be plugged into each other, also known as composability. That used to be mostly a buzzword, but over the past year composability has become a very real competitive advantage for DeFi. Mixing and matching smart contracts on the fly has proven incredibly valuable. But there remains a $10.9 billion question: Will composability work as well on Ethereum 2.0 as it does now on […]
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The virtual event invest: ethereum economy takes place on Wednesday, Oct. 14. CoinDesk’s Christine Kim spoke to colleagues Michael J. Casey and Aaron Stanley about the most compelling and under-discussed topics about Ethereum 2.0 headlining next week’s conference. For free, early access to new episodes of this and other CoinDesk podcasts subscribe to CoinDesk Reports with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. This episode is sponsored by Crypto.com, Nexo.io and Elliptic. From the dynamics of staking to the architecture of sharding, there haven’t been many topics Ethereum 2.0 core developers have shied away from discussing over the past five […]
Sunday saw the escalation of the simmering Armenian-Azeri conflict over the breakaway region of Nagorno-Karabakh, with both sides blaming each other for unleashing the hostilities. History is replete with a whole array of ethnic conflicts over disputed territories and Nagorno-Karabakh is no exception. On Tuesday, the UN Security Council announced that it plans to convene later in the day to address the ongoing armed clashes between Baku and Yerevan over Nagorno-Karabakh, an Armenian-majority autonomy which declared independence from Azerbaijan in 1991 and which is not recognised by the UN. Here’s a brief insight into the issue. History of the Conflict Yerevan […]
Why is the marriage of non-fungible tokens (NFTs) and decentralized finance (DeFi) happening now? It’s debatable but you can make an argument that it comes back to DeFi’s favorite robo-advisor for yield: Yearn.Finance. Lately, everything in DeFi seems to link back to Yearn.Finance in some way. The excitement in DeFi has shifted to the NFT market, with something like a Weird DeFi moment getting ever weirder, as groups form up to mint rare digital artifacts to be attained in unique ways and financialize their ownership, thanks in part to picks-and-shovels work undertaken by the yeomen of online collectibles. The plethora of […]
As tensions increase between Turkey and Greece in the eastern Mediterranean over gas and oil exploration rights in the area both powers have claimed, the US has thrown its weight behind the Greek Cypriots thus upsetting the balance in the region, says a Turkish expert. On 12 September, US Secretary of State Mike Pompeo inked a memorandum of understanding (MoU) with the Greek Cypriot administration which envisages the creation of a regional border security training hub – the Cyprus Centre for Land, Open Seas and Port Security (CYCLOPS) in Larnaca. The Turkish government slammed the MoU, stressing that the memo ignores […]
Hurricane Florence approaches the Carolinas in September 2018. NOAA hide caption toggle caption NOAA Hurricane Florence approaches the Carolinas in September 2018. NOAA Millions of Americans live in the potential path of a hurricane. The good news is that hurricane and cyclone forecasts have gotten significantly more accurate in recent decades. The bad news is that climate change and population growth combine to make hurricanes more dangerous to more people. And research suggests that people are confused by common graphics and warnings about where hurricanes are headed and how they’ll affect communities in their path. Here are some basic principles you […]
What makes Ethereum culture click? Maker Foundation board member Tonya Evans and former ConsenSys chief marketing officer Amanda Cassatt joined CoinDesk senior reporter Leigh Cuen on Monday to discuss Ethereum’s ethos in an hourlong conversation streamed to the CoinDesk homepage. “In terms of its structure and what it accomplishes in the world, it’s by default a global movement,” Cassat said of the world’s leading smart-contract blockchain. Evans, also a law professor at Penn State’s Dickinson Law School, said Ethereum can yield a more equitable version of global finance. Inclusion is baked into the platform but shouldn’t be taken for granted, she […]
Over the last couple of years, Japanese authorities have been trying to solve the puzzle over so-called “ghost ships”, presumably of North Korean origin, that have turned up on the country’s coast. Some of them contained decomposed human remains, prompting local officers and media speculate about origin of these mysterious phenomenon. Illegal fishing by Chinese vessels in North Korean waters may explain why hundreds of unidentified fishermen have been washed up on the Japanese coast, with these incidents often resulting in starvation and death, according to a study by Global Fishing Watch (GFW) published in Science Advances. The research used four satellite […]
A primer on DeFi and yield farming. We’ll also cover liquidity mining, automated market making plus the other terms shaping this brave new world. Today’s episode of The Breakdown is a primer for anyone who has lost track of the terminology surrounding decentralized finance. In it, NLW goes over: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The concept of bitcoin days destroyed (BDD) was introduced in 2011, two years after the creation of the world’s first cryptocurrency, bitcoin. People were already beginning to create blockchain metrics to measure on-chain transaction activity and value. Once the first cryptocurrency metric was created, BDD was quickly followed by a plethora of other unique metrics including unspent transaction output (UTXO), market value to realized value (MVRV) and spent output profit ratio (SOPR). Despite the sophistication of cryptocurrency data and analysis since 2011, BDD remains a fundamental metric to understanding and valuing bitcoin. “[BDD] is a metric that reflects the collective action of […]
It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up. According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV. Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work […]
https://cdn1.img.sputniknews.com/img/106480/13/1064801392_0:120:1280:840_1200x675_80_0_0_df74e984b224573f9109ee3973bb1ae3.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/science/202006211079682571-mysterious-anomalies-found-amid-antarctic-ice-finally-explained—report/ While the discovery made by the Antarctic Impulsive Transient Antenna may indeed be interesting, it’s probably not of the “Nobel prize-winning” kind, suggested one researcher. Researchers studying anomalies in Antarctica that were discovered via the the Antarctic Impulsive Transient Antenna (ANITA) have apparently managed to discover what causes the phenomena, the Daily Express reports. The anomalies in question were detected in 2016 and in 2018, and involved “high-energy neutrinos appearing to come up out of the Earth on their own accord and head skyward”. And while a number of possible explanations have already emerged, […]
[Editor’s note: The move to annexe the West Bank has almost no support within Israel, least of all with the usually militant settler community. This is purely a Trump-Netanyau plan and characteristically, it ignores any and all international law. The timing of this move is also cynically orchestrated to take advantage of the distraction caused by the COVID-19 pandemic. Ian] _________HaaretzIsraeli Annexation Explained: What Is Netanyahu Planning for the West Bank and What Does It Mean Based on his agreement with Gantz, Netanyahu will be able to commence West Bank annexation plans on July 1. Will the U.S. require Israel to […]