Crypto exchange Coinbase has announced that customers in over 70 countries are able to earn yield with their crypto holdings through the world of decentralized finance (DeFi). “We are making DeFi more accessible, enabling eligible customers in more than 70 countries to access the attractive yields of DeFi lending on their DAI with no fees, lockups, or set-up hassle,” Coinbase…
Software intelligence company and bitcoin accumulator MicroStrategy has increased its BTC holdings with a recent acquisition of 1,434 coins, according to a Securities and Exchange Commission (SEC) filing Thursday. The purchase was made between November 29 and December 8 for $82.4 million in cash, valuing each BTC bought at about $57,477 on average. The acquisition came a little over a…
By Rhea Kaw, Senior Product Manager Today we’re introducing a new way for Coinbase’s global customers to put their crypto to work and earn yield. We are making DeFi more accessible, enabling eligible customers in more than 70 countries to access the attractive yields of DeFi from their Dai with no fees, lockups, or set-up hassle. Access DeFi from the comfort of…
The carbonated soft drink manufacturer Pepsi has revealed the company is stepping into the world of blockchain with its first collection of non-fungible token (NFT) assets. Pepsi introduced the “Pepsi Mic Drop” genesis NFT collection on Thursday, which features 1,893 generative NFTs on the Ethereum blockchain. Pepsi aims to create a real-time community of NFT holders with the NFTs that…
In contrast, a transaction on Tezos takes 0.0016 kWh or less than the energy required to charge an Apple Tablet for 10 minutes. 100 Tezos transactions is equivalent to driving 10 km in a Tesla Model 3. The energy use of the entire Tezos network is approximately equivalent to two households in the U.S. for the whole year. One question,…
In brief Polygon is an Ethereum scaling platform. Mir works on zero-knowledge proofs. With Mir, Polygon can expand the scaling solutions it offers. Ethereum 2.0 is supposed to solve Ethereum’s congestion problem. But that doesn’t mean Polygon, which has helped lower fees and ease demand pressure, is going away. At its ZK Day event today, the scaling platform announced the…
Terra (LUNA) faces the prospects of hitting $100 in the coming weeks as it paints a classic bull pennant structure. In detail, Bull Pennants appear as the price trends inside a Triangle pattern after a strong move upside. Many analysts see it as a sign of bullish continuation, i.e., they think the instrument would eventually break above the Triangle’s upper trendline…
Binance Labs is a chain-agnostic investor and incubator focused on supporting the global blockchain ecosystem and decentralized web. Their portfolio includes 1inch, Audius, Axie Infinity, Chiliz, Elrond, Injective, Matic / Polygon, Sandbox and Terra. Ken Li is an Investment Director at Binance Labs, with a focus on equity & token investments in Web3 social, gaming & crypto adoption platforms. He…
On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would have its stablecoin pegged to it and serve as a competitor to the standard Consumer Price Index, or CPI. Although the latter is a near-universally adopted inflation gauge, skeptics have claimed that its methodology…
The director of the U.S. Central Intelligence Agency (CIA) has revealed that the agency is working on a number of cryptocurrency-focused projects. Cryptocurrencies “could have enormous impact on everything from ransomware attacks,” he said. CIA Has Been Working on Various Crypto Projects CIA Director William Burns revealed Monday at the Wall Street Journal’s CEO Summit that the agency is working…
