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Bitcoin Cryptocurrency News DeFi

OKEx CEO Jay Hao: Many People Will Lose Money In DeFi (Exclusive Interview)

OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao. Hao spoke of the challenges OKEx has Read more…

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Cryptocurrency News DeFi Ethereum

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and Read more…

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Bitcoin Cryptocurrency News DeFi

Defi Explosion: Chainlink (LINK) Records 80% Weekly ROI As Bitcoin Dominance Below 60%

Bitcoin has recouped from yesterday’s dip to below $11,200, but most altcoins are significantly outperforming the primary cryptocurrency. Several impressive price increases, including new all-time highs for Chainlink and Tezos, have reduced Bitcoin’s dominance to below 60%. Altcoin Wild-Ride Continues With LINK and XTZ At ATH As CryptoPotato reported yesterday, 24 hours ago, the entire Read more…

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Cryptocurrency News DeFi

The entire DeFi market is worth less than XRP or Bitcoin Cash, despite the frenzy

The DeFi market has exploded in recent times, bringing back ICO-like returns on some projects. But a recent report said that despite the frenzy, the sector remains a fraction of the crypto space and is worth less than XRP or Bitcoin Cash. Even Dogecoin worth more Ryan Watkins, an analyst at Messari, tweeted yesterday that Read more…

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Bitcoin Cryptocurrency News DeFi

Booming DeFi Craze Decouples Bitcoin From Stock Market

The last 48 hours of trading have witnessed Bitcoin decoupling from the US stock market. The cryptocurrency traded sideways with a bias modestly shifted towards bears. On the other hand, the S&P 500 moved in the opposite direction. This lack of short-term positive correlation coincides with a booming DeFi craze. Bitcoin appears to have decoupled Read more…

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Cryptocurrency News DeFi

Founder of Compound votes against using wrapped Bitcoin as collateral, deems WBTC “risky”

Robert Leshner, the founder of Compound, has voted against the latest proposal to increase the WBTC collateral factor on the platform from 0 to 65 percent. Leshner defended his decision by saying collateral in WBTC was currently too risky due to low liquidity and a high possibility of a technical flaw that could wipe out Read more…

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Cryptocurrency News DeFi Ethereum

Ethereum DeFi: Aave Google Searches Explode, But Not For Why You Think

The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime. With this in mind, it perhaps shouldn’t be a Read more…