Crypto EcoBlog
MicroStrategy publicly announced its adoption of Bitcoin as a primary reserve asset earlier during the month. The trend has now caught up on more firms.Canadian businesses Snappa, and Middle-Eastern food joint chain, Tahinis announced the allocation of their cash reserves to BTC.Canadian Firms Snappa Allocate ‘Significant’ Cash Reserves to BitcoinIn a blog post published yesterday, Christopher Gimmer, founder and CEO of graphics solution provider firm, Snappa announced that his company has a...
Read More »Akon to Head Strategy for Brock Pierce’s Presidential Campaign
One of the well-known crypto investors, Brock Pierce, announced his candidature for office as an independent contestant. Now, Pierce has also revealed that Akon, the award-winning rapper, who’s also known for his interest in cryptocurrencies, will be his leading strategist.The two notably relate well as Brock Pierce continues to express the respect he has for Akon and his dedication towards music and investments.We are excited for @Akon to join our campaign as Chief...
Read More »How YFI is Returning $20 Million Annualized for Token Holders
Two months ago, Yearn was one relatively unknown decentralized lending aggregator among many emerging projects in the DeFi sector. From less than $10 million in total value locked into the protocol, it has exploded by over 7,500% to today’s TVL levels of $763 million.What’s more, its native governance token YFI has seen similar gains in prices that have now surpassed those for Bitcoin itself.Big Returns for YFI HoldersRecent research by Messari crypto has delved into the surge in popularity...
Read More »Ryanair CEO Advises People To Avoid Bitcoin As The Plague
After having his name involved in a Bitcoin impersonation scam, Ryanair CEO Michael O’Leary said that he never has and never will invest in the cryptocurrency. He went even further by referring to BTC as a Ponzi scheme, which he avoids like “the plague.”Ryanair CEO Involved In BTC ScamThe CEO of the low-budget European airline is the latest popular individual to have his name exploited in a Bitcoin impersonating scam after the likes of Tesla CEO Elon Musk, the Duke and Duchess of Sussex Harry...
Read More »$1 Billion Value Locked: Curve (CRV) Founder Takes 71% of Voting Power
The ethos behind DeFi has driven a move to full community governance in a democratic and transparent environment. However, as Curve Finance recently discovered, things do not always pan out as planned.In its first governance vote, Curve proposed a new liquidity pool for earning Compound’s COMP tokens and a couple of incentives for liquidity providers. However, according to Curve, only 6.7% of its native CRV token has been locked up for voting rights.Curve voting power is calculated by...
Read More »Google Relocates Business From A BPO After Employees Caught In A BTC Scam
After receiving a confirmation that a few employees of the Cebu operations of BPO firm Sykes have engaged in Bitcoin scams, the American tech giant Google has pulled out outsourcing business from the Philippines-based company branch.Google Pulls Out After A BTC-related ScamThe business process outsourcing (BPO) company Sykes confirmed earlier this month that several employees had been involved in illegal activities.“We serve many of the world’s largest brands with the highest levels of...
Read More »People’s Bank of China: CBDC Tested on Small Retail Transactions
Despite numerous reports claiming that the Chinese central bank is experimenting with large volume transactions for its CBDC, the bank recently said that it’s focusing on small retail transactions but confirmed that the trials are ongoing in numerous regions.China’s CBDC Trialed For Smaller TransactionsIn the past few weeks, various reports claimed that the People’s Bank of China had tested its central bank digital currency (CBDC) with a massive transaction volume to determine how much load...
Read More »XRP and BCH: The Story Behind the 2 Only Top-10 That Are Still 90% Below ATH
The cryptocurrency market valuation has almost doubled year to date. Then why are XRP and BCH, two of the top 10 cryptocurrencies, down by more than 90 percent since hitting ATH, while all other coins are posting high returns?Can it be attributed to diminishing investment interest and community support? Or perhaps, the increasing trust in public and genuinely decentralized blockchains like Bitcoin, Ethereum, etc.XRP, BCH Amongst Top 10 but Still Down Over 90 Percent From ATHDespite being in...
Read More »DeFi Dangers: $130 Million At Risk Of Being Locked in YF Value (YFV)
Announced on August 16th, YFValue protocol is intended to deliver the true value of yield farming finance accessible to all users irrespective of their investment size.A little over a week later, however, it turns out that over $170 million worth of cryptocurrency in the protocol is at risk of being locked by a single contract owner.$130 Million in YFV At Risk of Being LockedMoney continues to pour in the field of Decentralized Finance (DeFi) as the total value locked in protocols approaches...
Read More »Market Watch: Bitcoin Price Seeks To Overcome $11,800, Ethereum Eyes $400 Once Again
After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again.After Friday’s crush, this is the day of the low-caps altcoins.Contrasting Altcoin MovesEthereum and Ripple display somewhat similar performances in the past few days lacking significant fluctuations, slightly up judging by the...
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