on the blockchain
Why are dollar-backed stablecoins earning 8% yield?
It’s not a scam. Look upstream, because the ones paying 8% are actually earning even higher rates. | learn more
Tag: cryptocurrency
on the blockchain
As DeFi eyes profits, one stablecoin won’t sacrifice privacy
“For years, the rich have stored gold and euros in offshore bank accounts. Haven thinks everyone should have that level of privacy, minus the bank accounts.” | learn more
on the blockchain
Yearn’s expanding DeFi universe
“In just eight weeks, Yearn has grown from a simple yield aggregator into a comprehensive DeFi ecosystem. Yearn’s asset management platform already manages more than $1B. If that weren’t enough, Yearn has already expanded into insurance and venture financing.” | learn more
on the blockchain
Public company makes Bitcoin their primary treasury asset
“This week, more details surfaced around how MicroStrategy CEO Michael Saylor convinced the board of a publicly traded company to allocate nearly all of the company’s $500M cash position to bitcoin.” | learn more
on the blockchain
PayPal & Venmo plan to roll out direct sales of crypto
This could be a big move toward driving adoption of cryptocurrency by a large group of new users. Telegram’s attempt might have accomplished this, except for those pesky securities law violations (see above). | learn more
fun facts
$30 million in cash for a domain name
Last year a blockchain company paid $30 million in cash for Voice.com. This is the most ever paid for a domain, by a lot. Sex.com is in second place at $13 million. | learn more
on the blockchain
Shopify adds crypto payment options for merchants
“Major Canadian e-commerce platform Shopify has inked a deal with leading cryptocurrency payments processor CoinPayments to bring the option of paying with cryptocurrencies to Shopify users.” | learn more
on the blockchain
JPMorgan will now bank Crypto exchanges
“While its CEO once called bitcoin a fraud, U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, Coinbase and Gemini.” | learn more
on the blockchain
U.S. DOJ prosecutes software developer
He created the Bitcoin mixer Helix, which obfuscates the origin of the cryptocurrency. The DOJ considers this a “money transmitting and money laundering business.” This major potential precedent could (should?) drive more U.S. developers to build anonymously. | learn more
on the blockchain
Rapper Akon finalizes deal to create crypto city in Senegal
“Akon says he has signed an agreement with the government of Senegal to build a city with a cryptocurrency-based economy named Akon City.” | learn more