Goldman Sachs may soon introduce its own stablecoin, according to Matthew McDermott, the company’s global head of digital assets.
Yet another multi-billion dollar publicly-traded company told investors it would invest a portion of its assets in Bitcoin to preserve the value of its capital against a weakening dollar. BTC, which offers investors lucrative upside and hedges political risks, could become a staple in corporate portfolios going forward.
Emerging blockchains are trying to build a new DeFi ecosystem away from Ethereum. While Ethereum is still the top base layer for DeFi, increased traction for protocols like Band and Kava is indicative of strong demand for cross-chain DeFi.
Is DeFi an Ethereum Exclusive?Nearly $5 billion of tokens are locked in DeFi protocols on Ethereum. In 2019, almost every new DeFi dApp was launched on Ethereum.
A second reorg attack hit the Ethereum Classic blockchain in the last week. After two consecutive blows to the blockchain’s immutability, the community needs to rally to find a viable solution to restore trust in the blockchain.
Ethereum Classic’s Low Hashrate PoW NetworksToday, the Ethereum Classic chain suffered from its second blockchain reorg in five days. The order and contents of over 4,000 blocks were shuffled around.
Set Protocol aims to shake up the financial services industry by giving retail investors easy exposure to investment strategies created by seasoned traders. The imminent release of v2 will allow fund managers to open source complex investment strategies that anybody can invest in.
Even though EOS has been relatively dormant, one technical index estimates prices may soon face extreme volatility.
Developer David Burkett has shared an update on his work to implement Mimblewimble on Litecoin. The upcoming feature will introduce optionally private transactions for LTC users.
Ripple revealed that it ramped up its XRP sales last quarter, which may lead to a steep correction based on different fundamental and technical metrics.
The Ethereum Foundation has put forth a plan to finally launch ETH 2.0. Investors welcomed the news, and have responded by accumulating a massive number of tokens over the past few hours. The increasing buying pressure may lead to new yearly highs despite the stiff resistance that lies ahead.
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