19 August

True DeFi projects present a different legal issue for lawmakers compared to ICOs, with the latter’s centralized operators and issuance of security-like tokens largely absent in the DeFi space. The absence of an operator makes DeFi difficult to pursue.

Belton said the so-termed “decentralization flirts,” or projects that maintain critical infrastructure off-chain and whose founding team control the majority of tokens, are similar to ICOs.

Permissioned stablecoins are also much easier for regulators to attack, especially where many custody funds in banks.”


“In the last three days, the price of YFI climbed to $12,800, a nearly 330% rally since the price bottomed at $3,005 on Aug. 13.

On Aug. 17, the development team behind yEarn Finance announced the release of a tokenized insurance platform called yInsure Finance. Through insured vaults and claim governance, it creates an insurance service on top of the DeFi protocol.

Crypto-native insurance — on-chain insurance covering protocols and DAOs — has the potential to be the next big financial primitive in DeFi. The market size could be enormous.”

See Also: Curve assets soar over $1B after one of crypto’s strangest token launches


“Blockchange Inc and Gemini Trust Co. LLC are providing a platform for registered investment advisors (RIAs) to securely manage digital assets as part of their client portfolios.

The solution will combine Blockchange’s BITRIA™ Digital Turnkey Asset Management Platform, alongside Gemini’s exchange and custody solution. This solution claims to offer superior tax benefits, as well as ownership of the underlying assets.

Building solutions with the needs of wealth advisors and other institutional professionals in mind paves the way for more investors to get involved in the powerful network of digital assets.

Will investment advisors now heed the words of Wall St. legend Paul Tudor Jones?

See Also: Bequant, Now in Crowded Prime Brokerage Race, Adds Signature Bank Integration


WBTC Farming Yields on Ethereum

“HOPR uses a token-incentivized mixnet solution, essentially doing the same for blockchain as Tor (the onion router) or a virtual private network (VPN) do on the internet. The mixnet node combines running an Ethereum node with next-level data privacy.

HOPR’s plug-and-play, blockchain-ready node is being sold at $400 with an 8GB RAM and 1TB of SSD storage. The company is only making 100 HOPR Hardware Nodes available for the initial release.”

See Also: Researchers Detect Crypto-Mining Worm to Steal AWS Credentials


“SpaceChain’s International Space Station-hosted (ISS) hardware authorized a 0.0099 BTC (about $92 at the time) transfer initiated by Chief Technology Officer Jeff Garzik on June 26, the decentralization company disclosed Tuesday.

Installed on the ISS on June 25, that hardware holds a private key needed to verify blockchain transactions via the “multi-signature” technique. Data can only reach the ISS via the craft’s encrypted ground station links.”