Analysis

Should users who interacted with Uniswap through a third-party interface be entitled to the free UNI tokens other users received on Sept. 17? That’s the question at the center of a dispute currently taking place in Uniswap governance channels. The second-ever proposal to come before the Uniswap community would distribute airdropped UNI tokens to another
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Flash loans can be used for more than just siphoning funds out of poorly put-together decentralized finance (DeFi) protocols. That’s one lesson investors can learn from Israel-based startup BProtocol’s manipulation of flash loans to sway election results on DeFi legacy project MakerDAO earlier this week. According to the MakerDAO community forum, on October 26, BProtocol
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Bitcoin mining profitability is in the basement, seeing all-time lows in 2020. Conversely, Bitcoin’s hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations. Bitcoin’s hashrate has taken a dip as China’s wet season comes to an end, but mining professionals predict this will only be temporary,
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A third and all-encompassing version of Ocean Protocol has been released, fleshing out its vision for “datatokens” and decentralized data marketplaces. Announced Tuesday, Ocean v3 brings the Ocean data market proposal to life with Ethereum-based datatokens, as well as a range of other features like initial data offerings (IDOs), staking, automated market making (AMM) functionality
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The IRS has clarified some questions around crypto disclosures for the upcoming tax season. A popular DeFi application appears to have been attacked. JPMorgan analysts see “considerable” upsides to bitcoin. Top shelf Crypto guidanceThe U.S. Internal Revenue Service has clarified that simply holding cryptocurrencies does not need to be disclosed. A published set of draft instructions
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Mainstream criminal adoption would prove that decentralized finance (DeFi) is building tools with real utility, because if there’s any one group that is both underserved in its access to sophisticated financial products and willing to pay huge premiums to acquire them, it’s criminals.  The Silk Road was launched in February of 2011 and quickly became
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Bitcoin has proven itself to be a risk asset, not a safe haven, with “considerable” potential upside, according to a Friday note from JPMorgan’s Global Quantitative and Derivatives Strategy team obtained by CoinDesk. Writing to clients in “Flows & Liquidity,” one of JPMorgan’s flagship publications, the authors said that characterizing bitcoin as a “risk” asset
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At a 2015 blockchain event, Nairobi-based bitcoin pioneer Elizabeth Rossiello answered an audience question about the impact on Somalians of a recent shutdown in remittance inflows after the U.S. government had labeled the country a “high-risk jurisdiction.” The AZA Group CEO’s answer was blunt: “They starve.” Ever since then I’ve come to see governments’ demands
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Hodl Hodl announced a P2P lending service, with no KYC requirements. Ant Group is continuing to research and release blockchain-based services. And what people are saying following PayPal’s crypto market entrance. Top shelf Bitcoin buysFollowing a wave of institutional bitcoin buys, crypto custodian Hex Trust and multinational payments gateway Sia have partnered to provide an easier path for
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PayPal will offer its U.S. customers the option of buying and selling crypto, with support for payments to its 26 million-strong merchant network coming next year. In this late-breaking Breakdown episode, NLW explores: The specifics of the news Why the scale, precedent and normalization are hugely bullish What some skeptics are saying Why it’s significant
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BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February. Stronger identity verification requirements is an industry trend, said Ben Radclyffe, commercial director of the
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Who wants a central bank digital currency (CBDC)? Plenty of people, apparently; industry groups are advocating digital cash, millions of people have reportedly signed up to a lottery to receive digital renminbi in Shenzhen as part of the Chinese central bank’s pilot project, and the Libra Association wants to “integrate” CBDCs. Technology firms, banks, NGOs
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