Source: iStock/pidjoe DeFi (decentralized finance) protocols to face the same challenge as all cryptos on their path in 2020, and it’s organic user adoption. The growing trend of DeFi, which marked 2019, has in fact been highlighted by a large increase in the number of assets being locked up in different DeFi protocols. However, a […]
Source: Adobe/DMac The total market capitalization for decentralized finance (DeFi) products, total value locked in DeFi, and staking-ready Ethereum (ETH) wallets — are all seeing their numbers grow. At the same, the number of new users coming to DeFi might be up to 1,000 a day. We’re "still very early in Ethereum’s adoption cycle," according […]
Source: Adobe/alpegor A Bitcoin (BTC) mining operator in upstate New York is facing protests from residents who claim the firm is “ruining” an idyllic lake with its gas-powered mining activities. Per NBC News, a resident claimed that “the lake is so warm you feel like you’re in a hot tub.” The body of water in […]
Source: Adobe/chalermphon A Beijing office of China’s central bank ordered Beijing Qudao Cultural Development Co Ltd, a Beijing-based software maker, to suspend operations, and its website had been deactivated over its suspected involvement in crypto trading, Reuters reported. The department of the People’s Bank of China also warned that companies in the capital should not […]
Indian state Andhra Pradesh has signed a Memorandum of Understanding with the Covalent Fund to start a blockchain ecosystem, which includes launching a blockchain university for an initial USD 10 million investment, according to a tweet by the government of the state. This is part of the state’s Fintech Valley Vizag initiative. No further details […]