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Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short

Source Node: https://cointelegraph.com/news/five-hours-to-failure-the-save-yam-proposal-is-falling-short
Time Stamp: August 12, 2020 10:43 PM - Modified On: May 21, 2021 - Published By:
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The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project.With less than five hours to go, Yam is only a third of the way towards the 160,000 tokens required.A code bug discovered earlier today in one of Yam Finance’s smart contracts sent the hottest thing in DeFi into a tailspin as it scrambles to find a fix through its decentralized governance system.The project posted an update outlining the issues and making a plea to

Token Launches From Ethereum to Telegram: Where Do We Go From Here?

Source Node: https://cointelegraph.com/news/token-launches-from-ethereum-to-telegram-where-do-we-go-from-here
Time Stamp: August 12, 2020 9:51 AM - Modified On: May 21, 2021 - Published By:
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In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC in the Telegram case. Concluding her remarks, Commissioner Peirce asked:“Who did we protect by bringing this action? The initial purchasers, who

IBM Executive Reveals Plans to Help Banks Capitalize on DeFi

Source Node: https://cointelegraph.com/news/ibm-executive-reveals-plans-to-help-banks-capitalize-on-defi
Time Stamp: August 11, 2020 8:47 PM - Modified On: May 21, 2021 - Published By:
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In a Cointelegraph interview, director of IBM financial services and digital assets, Nitin Gaur, shared how the technology company is helping financial institutions to capitalize on the DeFi movement.Gaur — the author of Blockchain for Business — says it is essential that banks understand and embrace DeFi space. Otherwise, he says it could eventually disrupt their entire business model:“I think that the financial institutions should understand it because it has the potential to eventually sort of take over and subside the business elements of existing business models. And that's one

With Value Approach, Off The Chain Capital Is Changing The Bitcoin Investment Narrative

Source Node: https://bitcoinmagazine.com/articles/with-value-approach-off-the-chain-capital-is-changing-the-bitcoin-investment-narrative?utm_source=rss&utm_medium=rss&utm_campaign=with-value-approach-off-the-chain-capital-is-changing-the-bitcoin-investment-narrative
Time Stamp: August 11, 2020 12:44 PM - Modified On: May 21, 2021 - Published By:
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When viewed from a traditional investing lens, bitcoin may seem like a risky bet. The technology is still relatively new, the price is notoriously volatile and it’s not uncommon to hear investors caution newcomers not to invest more than they can afford to lose in BTC.But the performance of Off The Chain Capital, a digital currency investment firm that focuses on value investing in bitcoin, tells a different story. As one of the best-performing funds in the space, it has shown that reliable performance and BTC can go hand in

Stocks Continue to Rally While Digital Assets Take a Breather

Source Node: https://www.bitcoinmarketjournal.com/digital-assets-take-a-breather/
Time Stamp: August 11, 2020 10:01 AM - Modified On: May 21, 2021 - Published By:
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The idea of the tooth fairy never made much sense to me. I don’t like the idea of presenting fiction as fact, especially to my children. My wife, on the other hand, is quite into it. For one thing, the economics are all messed up. Supposing there’s some kind of business or even a nonprofit, how does the Tooth Organization sustain the kind of overhead involved when every transaction results in a loss? The other thing is the timing, which almost never adds up. While you might be able to

DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days

Source Node: https://cointelegraph.com/news/defi-tokens-band-link-outpace-bitcoin-price-by-gaining-100-in-10-days
Time Stamp: August 10, 2020 5:35 PM - Modified On: May 21, 2021 - Published By:
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This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been strongly outpeforming BTC for weeks. Two of the most notable performers are Band Protocol (BAND) and Chainlink (LINK) as both surged by 348% and 88% in the past ten days. Each functions as an oracle blockchain network that supplies data to Decentralized Finance (DeFi) applications.Since the start of August, BAND price rose from $3.9 to as high as $17.78 and in the same period, LINK

Why Grayscale’s New Digital Currency Ad Could Bring Crypto Investing To Millions

Source Node: https://cointelegraph.com/magazine/2020/08/10/grayscale-ad-digital-currency-history-of-money
Time Stamp: August 10, 2020 9:16 AM - Modified On: May 21, 2021 - Published By:
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This morning Grayscale, the world’s largest provider of cryptocurrency investment vehicles, temporarily turned its attention away from hoovering up the supply of Bitcoin to focus on arguably the most intractable problem in all of crypto: getting your stubborn friends and family on board.  Last Friday Grayscale founder and CEO Barry Silbert teased a massive ad buy on Twitter with the intention to “brrring crypto to the masses” — and this morning he delivered, with spots on CNBC, MSNBC, FOX, and FOX Business, among others. The Grayscale blog, meanwhile, pitches the

Web Traffic on Global Crypto Exchanges Surged 13% in July

Source Node: https://cointelegraph.com/news/web-traffic-on-global-crypto-exchanges-surged-13-in-july
Time Stamp: August 10, 2020 8:59 AM - Modified On: May 21, 2021 - Published By:
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Global crypto exchanges have reportedly seen a significant increase in web traffic in July as cryptocurrency prices gained momentum.According to data from crypto analytics startup ICO Analytics, web traffic on global crypto exchanges increased by 13% on average in July 2020. Illia Kmez, head of content at ICO Analytics, told Cointelegraph that centralized crypto exchanges added 26% in web traffic since December 2020. In order to provide calculations, the startup analyzed web traffic of around 100 exchanges including international trading platforms and exchanges that only operate in one country, Kmez said.While

Ethereum 2.0 Testnet Performing Well, 1 Million ‘ETH’ Staked

Source Node: https://beincrypto.com/ethereum-2-0-testnet-performing-well-1-million-eth-staked/
Time Stamp: August 10, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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It’s been almost a week since the launch of the ETH 2.0 final public testnet, which has been performing as intended by most accounts. As many as one million ETH have been staked on the Beacon Chain simulation, reviving hopes of a mainnet launch later this year. The Medalla ETH 2.0 testnet has been running for six days which has given developers a chance to monitor early progress. Launched on Aug 4, Medalla is the fifth and final testnet for the long-awaited upgrade to an Ethereum proof-of-stake consensus. Phase 0

Ampleforth Down 66% — Welcome to Rebasing

Source Node: https://beincrypto.com/ampleforth-down-66-welcome-to-rebasing/
Time Stamp: August 9, 2020 9:55 AM - Modified On: May 21, 2021 - Published By:
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The elastic supply token Ampleforth (AMPL) has lost two-thirds of its market cap in a matter of days. The atypical characteristics of the token attracted many investors that jumped in. After a dramatic surge in price and market cap, the tables have turned and Ampleforth has entered a corrective phase. The token is understood by many as just an experiment, and it may impact the way future tokens are created. AMPL: The Ultimate Digital Money? Ampleforth is not your typical cryptocurrency. It’s quite a complex token with some revolutionary ideas,