Forwarded from CryptoRank News
Total Value Locked (USD) in DeFi Hits an All-Time-High
Decentralized Finance DeFi protocols have been gaining popularity with the high returns they give for the users who lock their cryptocurrencies on them.
The Total Value Locked(TVL) reached $815M, and there's almost no question that it will reach 1 billion soon.🚀
According to Bloxy data, the Uniswap exchange has been especially popular recently. In this post, we wrote about the interest that you could get by locking the funds in DeFi protocols. Uniswap's interest rate was one of the highest in 2019.
The traditional synthetics & derivatives market is $640T, imagine if 1% of that will be built with ETH as bandwidth. It's $6.4T. The potential is enormous.🔥
The most successful project in the Defi sector last year was Synthetix Network Token. On CryptoRank, we have created the DeFi category to track such projects easily.
@CryptoRankNews
Decentralized Finance DeFi protocols have been gaining popularity with the high returns they give for the users who lock their cryptocurrencies on them.
The Total Value Locked(TVL) reached $815M, and there's almost no question that it will reach 1 billion soon.🚀
According to Bloxy data, the Uniswap exchange has been especially popular recently. In this post, we wrote about the interest that you could get by locking the funds in DeFi protocols. Uniswap's interest rate was one of the highest in 2019.
The traditional synthetics & derivatives market is $640T, imagine if 1% of that will be built with ETH as bandwidth. It's $6.4T. The potential is enormous.🔥
The most successful project in the Defi sector last year was Synthetix Network Token. On CryptoRank, we have created the DeFi category to track such projects easily.
@CryptoRankNews
Forwarded from CryptoVigilante
$97,000,000,000 in Bitcoin (BTC) Has Not Moved in 365 Days
✔10.7 million Bitcoin worth over $97 billion have remained stagnant over the last year.
✔That number represents roughly 60% of the 18.1 million Bitcoin in circulation.
✔It’s the highest level of untouched Bitcoin since the end of 2017, when the entire crypto market surged in a major bull run.
✔21.6% of all Bitcoin, nearly 3.9 million BTC, have remained inactive over the last five years.
#BitcoinFact
✔10.7 million Bitcoin worth over $97 billion have remained stagnant over the last year.
✔That number represents roughly 60% of the 18.1 million Bitcoin in circulation.
✔It’s the highest level of untouched Bitcoin since the end of 2017, when the entire crypto market surged in a major bull run.
✔21.6% of all Bitcoin, nearly 3.9 million BTC, have remained inactive over the last five years.
#BitcoinFact
Forwarded from defiprime
Interesting numbers on MakerDAO and the rest of the lending protocols
https://ournetwork.substack.com/p/our-network-issue-5
https://ournetwork.substack.com/p/our-network-issue-5
Substack
Our Network: Issue #5
Updates on MakerDAO, Synthetix, Set Protocol, and Uniswap.
Forwarded from Wolf Crypto News
This actually pretty big news. The idea isn't that much of an original one, but the fact that it's backed by Tether, the seemingly teflon covered stable coin that's deflected all attempts on its life in the last few years and the fact it will will be traded on Bitfinex, at least at face value, makes this the best option for crypto traders looking to get exposure to a physical asset like gold.
The fact you can now trade a volitile crypto assest like BTC, into a stable synthetic USD and/or a less volitile (yet still gainable) synthetic Gold asset, with significant liquidity, is actually a massive leap forward in this space.
Tether Gold will be available both as an ERC-20 token and a TRC-20 token.
"The XAU₮ token will represent ownership of one troy fine ounce of physical gold on a specific London Good Delivery gold bar. The company claims the token is the only gold-backed coin that guarantees direct control over the physical gold storage. All XAU₮ tokens will be stored in a vault in Switzerland, guarded with best in class security and anti-threat measures, it said in the announcement."
...there's a Peter Schiff joke somewhere in this for sure...
https://cryptoslate.com/tether-announces-the-launch-of-tether-gold-a-gold-backed-cryptocurrency/
The fact you can now trade a volitile crypto assest like BTC, into a stable synthetic USD and/or a less volitile (yet still gainable) synthetic Gold asset, with significant liquidity, is actually a massive leap forward in this space.
Tether Gold will be available both as an ERC-20 token and a TRC-20 token.
"The XAU₮ token will represent ownership of one troy fine ounce of physical gold on a specific London Good Delivery gold bar. The company claims the token is the only gold-backed coin that guarantees direct control over the physical gold storage. All XAU₮ tokens will be stored in a vault in Switzerland, guarded with best in class security and anti-threat measures, it said in the announcement."
...there's a Peter Schiff joke somewhere in this for sure...
https://cryptoslate.com/tether-announces-the-launch-of-tether-gold-a-gold-backed-cryptocurrency/
CryptoSlate
Tether announces the launch of Tether Gold, a gold-backed cryptocurrency
Tether, the company behind the biggest stablecoin in the world, has launched Tether Gold, a digital asset providing exposure to physical gold.
Forwarded from defiprime
MakerDAO Executive Vote Today:
- Set the DSR to 7.75% 🔥
- Raise the Dai Stability Fee from 6% to 8% 🤔
- Lower the Sai Debt Ceiling by 25 million to 45 million Sai 🤔
- Raise the Dai ETH Debt Ceiling by 25 million to 125 million Dai 🎉
- Set the DSR to 7.75% 🔥
- Raise the Dai Stability Fee from 6% to 8% 🤔
- Lower the Sai Debt Ceiling by 25 million to 45 million Sai 🤔
- Raise the Dai ETH Debt Ceiling by 25 million to 125 million Dai 🎉
Forwarded from CryptoVigilante
Insolar is a clear scam. Details coming later. Stay away from Insolar.
Forwarded from Kevin
ok, here is info about Blockchain LAw Group - a dodgy business established to act like escrow but over 10 russia-based ICOs including INS used it to steal investor's money after ICOs in 2017 https://steemit . com/blockchain/@saynotoscam/blockchain-law-group
Forwarded from Kevin
I am sure that SEC has all this info and in time all these scammers will have their fun
Forwarded from CryptoRank News
Stablecoins Dominance Since 2019
Despite the increase in the number of stablecoins in 2019, Tether dominance has increased from 72.2% to 82.5%.
Tether remains the most liquid stablecoin at the moment despite claims of ‘fractional banking’ and legal issues around its parent company iFinex and the cryptocurrency exchange Bitfinex.
Also, Tether has launched Its Gold-Backed Stablecoin $XAUT, its current market cap: $ 6,299,545
@CryptoRanknews
Despite the increase in the number of stablecoins in 2019, Tether dominance has increased from 72.2% to 82.5%.
Tether remains the most liquid stablecoin at the moment despite claims of ‘fractional banking’ and legal issues around its parent company iFinex and the cryptocurrency exchange Bitfinex.
Also, Tether has launched Its Gold-Backed Stablecoin $XAUT, its current market cap: $ 6,299,545
@CryptoRanknews