DeFi Punches Above Its Weight As it Targets Bitcoin’s Thunder

As BTC volatility dropped, crypto investors are looking to altcoins and DeFi projects for yield. Some believe what is good for DeFi is good for BTC. DeFi and Bitcoin can coexist peacefully, with neither ‘eating into’ the market of the other. Decentralized finance (DeFi) is seemingly stealing Bitcoin (BTC)’s thunder. Aside from some minor movements, BTC has been noticeably un-volatile in recent weeks, while the total value locked into DeFi platforms has risen from USD 1bn at the beginning of June to over USD 3.77bn today. Some industry observers regard this…

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Legend of Mir Developer Plays For Success In Blockchain Gaming Market

Gaming companies in this ultra-competitive field have decided to bet big on blockchain technology. Wemade Tree targets the global market. Blockchain-powered Legend of Mir title is on its way. Regulations estimated to become “comparatively moderate.” When it comes to fast-growing businesses, very few can hold a candle to the gaming industry. Per data compiled by Newzoo, there were over 2.5 billion video gamers in the world in 2016. Just what four years and the coronavirus pandemic have done to these figures is anyone’s guess. But it would be safe to assume that time and…

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Bitcoin Brokers In ‘Very Important’ Race For Big Investors – BitGo Prime CEO

As prime brokerage has become an integral part of traditional financial markets, crypto industry players are racing to bring these services into this nascent market too. This would increase efficiency and encourage more institutional investors to allocate more of their funds to cryptoassets, according to Nick Carmi, CEO of BitGo Prime, the institutional trading service by major crypto custody company BitGo. “A lot of us, BitGo included, are in a race to get to a point where we can replicate 100% the prime broker services that currently exist in the…

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Very-Much Altseasons, Hard-Learned Lessons and 20 Crypto Jokes

This week in crypto, bitcoin finally made a move, CZ said we’re very much in altseason now, mStable learned communication the hard way, LEND was up by 8,000% against bitcoin in 12 months, while research found that BTC hashrate could rise 120% in a year, but the price of the coin needs to follow. It was said that Phase 0 of Ethereum 2.0 might be launched in November, and that the final testnet before the launch should go live on August 4. Also, Justin Sun announced Tron’s ‘JUST DeFi’ decentralized exchange and yield farming for August too. Furthermore, YouTube is immune…

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Angry South Korean Crypto Traders Threaten to Quit over New 20% Tax

Active crypto traders in South Korea said they are prepared to walk away from the scene forever – slamming “unfair” 20% crypto trading tax law proposals unveiled by the government earlier this week. It is a sign, perhaps, of what traders in other nations will have to deal with in the near future, with draft crypto tax laws now being drawn up by governments all over the planet. The proposals, which will be bundled with a range of other tax changes, are almost certain to be voted into law in the next…

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Ant Group Explains What its 100m per Day ‘Digital Assets’ Uploads Are

Alibaba affiliate Ant Group has revealed details about the nature of the 100 million+ “digital assets” it said are uploaded onto its AntChain blockchain network “every day.” As reported, the Ant Group earlier this week announced that it has launched AntChain, calling it a “new technology brand for the Ant Group’s blockchain-based solutions.” The company claimed that it “now has the largest productivity blockchain platform in China, with the ability to process and support one billion user accounts and one billion transactions every day.” Cryptonews.com asked the Ant Group to clarify what these digital assets…

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