Yearn Finance Joins Forces with Cover Protocol

The latest in a string of high-level mergers and partnerships to the multi-faceted decentralized finance protocol (DeFi) was revealed this morning by the founder of Yearn Finance, Andre Cronje. A Yearn Powered Alliance Cronje stated in a blog post that…

Guggenheim Partners Preparing to Potentially Enter Bitcoin

According to Cointelegraph, the next Wall Street institution to take a public role in Bitcoin investment is Guggenheim Partners, the $275 billion financial services company. This was revealed in an SEC filing where Guggenheim disclosed its intent to invest in…

Yearn declares another ‘merger’ with Cream Finance

Yearn creator Andre Cronje released descriptions of another forthcoming integration with Cream Finance, a lending protocol comparable to Compound and Aave, two days after Yearn Finance (YFI) and Pickle Finance joined hands in DeFi’s first successful merger. Another Absorption Published…

Compound Liquidator Makes $4mil Due to Inflated Dai Price

As per Cointelegraph, LoanScan has reported that $89 million was liquidated in the last 24 hours on the Compound Liquidator loan platform. This involves the third-largest COMP farmer, who, Nansen CEO Alex Svanevik noted, was liquidated for $46 million. “As…

Yearn Finance Absorbs Pickle, Raising Incentives

Yearn Finance has announced a partnership with Pickle Finance to help yield farming rewards and reward victims of the recent Pickle exploit, which resulted in the loss of almost $20 million in Dai. The change is planned to decrease redundant…

PayPal Crypto Takes Lead in Adoption

The CEO of PayPal Crypto claims that cryptocurrencies are on the brink of mass acceptance as more and more enterprises and customers flock to “digital payments and digital currency forms.” PayPal CEO Dan Schulman said during an interview with CNBC…

“Wrapped” Versions Contribute to Bitcoin Shortage

In a Friday blog article, Binance reintroduced BTCB, a wrapped Bitcoin commodity intended to help the Bitcoin Shortage and add liquidity to the DeFi (decentralized finance) ecosystem of Binance Smart Chain from the world’s largest cryptocurrency, BTC. The revived interest…

Hacked: $20 Million Stolen From Pickle Finance

DeFi protocol, Pickle Finance, was hacked for approximately $20 million. Some analysts claim it doesn’t look like a standard flash loan assault and the methodology of the hackers is still uncertain. Pickle Finance transfers the capital of clients around various…

Logic, Maisie Williams Among Celebs Buying Bitcoin

Sir Robert Bryson Hall II is one of many celebs buying bitcoin, better known as the rapper Logic, shared in an Instagram story that he bought $6 million in Bitcoin last month. He stated: “F**k it,” “YOLO.” With YOLO meaning…

Japan Corporations to Explore Issuing Digital Yen

According to a report by Reuters, more than 30 major Japanese companies are spearheading an initiative to investigate digital yen in one of the most cash-loving countries in the world. This initiative reflects Japan’s increasing interest in the digitization of…