Dot Finance automates and maximizes rewards for its users and helps them earn fees from other DeFi services, such as lending, trading, and borrowing. Similar to other DeFi applications, Dot Finance uses smart contracts instead of third parties to provide financial services to users, such as lending, trading, and borrowing. Source
Brian Armstrong, CEO of Coinbase — the largest cryptocurrency exchange in the United States — reportedly made a multi-million-dollar real estate purchase at the end of 2021. Armstrong bought a $133-million Los Angeles property from Japanese entrepreneur Hideki Tomita in December, The Wall Street Journal reported on Monday, citing anonymous people familiar with the matter. According to The Wall Street Journal, Tomita originally purchased the real estate for $85 million in 2018. The new deal allegedly marks the biggest home purchase ever completed in the L.A. area. Prior to being…
In the past year, internet giants like Amazon and Google all experienced outages which were blamed on errors and failed upgrades. The occurrence of such outages and their impact around the world again highlighted the importance of having a decentralized internet. Also, just like how the Covid-19 pandemic showed the world that blockchain-based digital currencies are the future, the outages suffered by the powerful internet companies may have given an impetus to those that champion the Web3.0. However, this Web3.0 can really take off if players in this ecosystem play…
Raise a glass today to the twin characters behind the famous “pomp eet” cryptocurrency meme. The French television presenters died within one week of each other aged 72. According to Le Monde, the two brothers were hospitalized on Dec. 15 and transferred to the intensive care unit of a Paris hospital after contracting COVID-19. Grichka died on Dec. 28, and Igor died six days later, on Jan. 3. The twins became famous in France in the 80s, hosting a popular TV show called Temps X and selling a best-selling book…
Bobby Halpern, principal of Toronto-based Halpern & Co., acquired Bitbuy toward the end of 2018, when the exchange had about 500 customers and bitcoin prices were crashing. The company now has over 375,000 Canadian customers and generated over C$31 million ($24 million) in revenue during the 12-month period ending Sept. 30, according to the statement. Source
Chinese crypto mining rig maker Canaan entered into strategic collaborations with multiple mining firms in Kazakhstan as it looks to further expand its presence in the central Asian country. As of Dec. 31, Canaan had 10,300 AvalonMiners in operation in Kazakhstan, the firm announced on Tuesday. Canaan is now collaborating with local firms to form a joint-mining business in Kazakhstan as part of its migration away from its native China following the crackdown on the industry there last spring. The firm did not immediately respond to CoinDesk’s request to name…
Another promising price prediction has appeared for Bitcoin bulls in 2022. Antoni Trenchev, co-founder and managing partner of Nexo said that Bitcoin could hit the $100,000 milestone as soon as the summer in an interview with CNBC. Despite BTC opening the year with bearish price action, while the fear and greed index shows “extreme fear,” the Bulgarian business mogul set the record straight: “Every time that investors and the broader community write off Bitcoin, it outperforms significantly. This has been the case in 2020–when it rallied close to 1,000%, and…
CRV, the governance token of decentralized exchange (DEX) Curve.Fi, is extending its five-month winning streak as the battle between DeFi protocols for control leads to a demand-supply imbalance. CoinDesk data shows CRV has gained 23% this month, with prices rising 12% to $6.56 in the past 24 hours. The token rallied 127% in the final quarter of 2021 even as market leader bitcoin rose just 5%. As of Tuesday, about 86% of the token’s $3 billion supply is locked up in various DeFi, or decentralized finance, protocols, according to CoinMarketCap.…
As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores. The People’s Bank of China (PBOC) digital currency research institute developed the “e-CNY (Pilot Version)” app, which was available for download on Chinese Android and Apple app stores on Tuesday in Shanghai. According to a tweet from BlockBeats, a local news source, individual users in China now can download an earlier version of the app to test opening and…
It’s now been 13 years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be back after the new year holidays, and they have just completed the first sizable purchase of 2022. On Tuesday, the third-largest Bitcoin address added 456 BTC at an average price of $46,363, equivalent to around $21 million, according to data from BitInfoCharts. 456 #BTC (21,161,750 USD) transferred from #Coinbase to unknown wallethttps://t.co/1rWMaIYR0y — Whale Alert (@whale_alert) January 3, 2022 At the time of this writing, the…