“Some of the most experienced trading firms in Chicago are joining forces to promote decentralized finance (DeFi). TD Ameritrade, Cumberland, CMT Digital, DV Trading and Jump Capital, plus venture capital firm Volt Capital and the DeFi startup Compound, all joined forces in the Chicago DeFi Alliance (CDA).
The CDA will help entrepreneurs get their startups ‘up and running during the crisis.’ She hopes the CDA will offer a pool of talent that crypto startups like dYdX and Yield can draw from so they can focus on their long-term visions.
There’s a real opportunity here to leverage financial and trading expertise from Chicago to support DeFi products around the world.
All of the DeFi products being built are going to be catering to these large trading firms.”
“Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – has just reduced its block rewards by half, causing many miners to see gross margins drop to near zero.
Based on data from F2Pool, at BCH’s current price and the network’s latest hash rate, a wide range of the mining equipment that was launched in 2018 and early 2019 are now generating negative daily profits.
That said, as more unprofitable miners unplug from the Bitcoin Cash network as is expected, mining difficulty will further decrease, dynamically increasing the mining revenue for those who can afford to stick to the game.”
“Utilizing a new blockchain-powered project known as Vision and leveraging Power Ledger’s own Ethereum-based ERC-20 POWR tokens, users will be able to track and certify where the energy that powers their homes is coming from.
This marks a world-first in energy trading, with customers able to select their energy mix, knowing it’s certified via an immutable blockchain platform.
Whether consumers want to source energy from their neighbor’s solar rooftop panels or a wind farm in Bordeaux, our platform gives consumers choice and control over their energy source.
Also planned for a second stage of the project is the ability for users to buy and sell excess renewable energy through peer-to-peer trading.“
“There was something different in March’s crypto sell off. Seems many people positioned themselves for Covid by de-risking out of crypto and into dollars but they kept those dollars on crypto rails as stablecoins.
Why? Their dollars were more useful in crypto bank accounts and Ethereum addresses than inside legacy banks accounts.
- Higher interest rates. Coinbase 1.25% on USDC vs. 0.01% in WellsFargo
- Different lending options. BlockFi 8.6% on USDC vs. (nothing comparable)
- Native to crypto. Pay, lend, borrow, trade—w/o a bank in the crypto system
- Quickly convert. Can hold USDC on sidelines & convert back to crypto money
Crypto bank accounts flippen traditional bank accounts—that’s the first stablecoin flippening. Flippening 2: Last year Bitcoin was the largest stablecoin settlement network; today Ethereum settles over 75% of the entire crypto stablecoin market.“
“Bitcoin futures do not unfairly impact the price of Bitcoin (BTC), according to the creator of one of the cryptocurrency’s most accurate price models.
CME launched BTC futures Dec 2017. Many point to Dec 2017 ATH as proof futures have suppressed prices. But BTC prices stayed perfectly within S2F bands. I would have expected this to happen with or without futures. Nothing unusual.“
“The upgrade is intended to make it easier for users to send and receive crypto to each other with just “a few taps.”
The company integrated Decentralized Finance Apps (DeFi) directly into the wallet app last month, allowing users to access smart contracts to lend and borrow crypto without needing to leave the app.”
“Each tzBTC represents one bitcoin on the Bitcoin blockchain and is minted under the new FA1.2 Tezos token standard.
tzBTC will be overseen by numerous organizations. Bitcoin Association Switzerland will regulate “keyholders” who mint and burn tzBTC. Keyholders include Swiss crypto firms Inacta, Lexr, Swiss Crypto Tokens and Taurus.
This is kind of the first [wrapped] product that we see and there’s not much you can trade against at the moment, but there is a roadmap.”
See Also: Are the Breitmans letting go of Tezos?
“The idea is for diners to invest $75 now with the promise of receiving a $100 gift card if and when their neighborhood haunt reopens. That 25 percent customer bonus is effectively the price Executive Chef Suzanne Cupps is willing to pay for sharing the risk her restaurant never reopens.
The process is straightforward: Using Mintbase, an Ethereum-based app for creating NFTs, a restauranteur can “print” discounted gift cards for their clientele. Once created, it’s a matter of posting a link anywhere online which will allow people to purchase them.”