Author: Muyao Shen

Harvest Finance Doubles Total Value Locked to $704M in One Week – CoinDesk

CoinDesk

Harvest Finance, a decentralized platform that lets users automatically “farm” assets for the highest returns in other decentralized finance (DeFi) projects, now has more than $700 million in total value locked, according to DeFi Pulse, unseating decentralized derivatives exchange Synthetix. Read More

Tether Still Dominates Stablecoins, but USDC and Dai Are Winning DeFi – CoinDesk

CoinDesk

While tether (USDT), with a market cap surpassing $16 billion, continues to hold the lion’s share of stablecoins in circulation, two smaller rivals are trouncing it in crypto’s hottest market this year, decentralized finance (DeFi).   Measured by the total value Read More

UK Crypto Derivatives Ban Seen Having Limited Effect on Small Market – CoinDesk

CoinDesk

The U.K. Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies is likely to have a minimal impact, partly because the market is so small, according to analysts and industry executives who track the Read More

Amid US-China Tech War, Can Neo’s DeFi Stack Rival Ethereum’s? – CoinDesk

CoinDesk

Chinese tech companies were once seen as copycats of their Western peers: Alibaba was a knockoff of eBay and Baidu imitated Google. More recently, Chinese firms like TikTok and Huawei have established such dominant international positions that U.S. authorities have Read More

First Mover: Binance CEO Sees Future in DeFi While Bitcoin Volatility Turns Minuscule – CoinDesk

CoinDesk

It might be part of every job in crypto to anticipate and react to fast-moving developments that seemingly change the industry’s direction overnight.  And apparently not even Changpeng “CZ” Zhao, the high-profile leader of Binance, the world’s largest cryptocurrency exchange, Read More

Exchange Outages Are Going Mainstream: What Robinhood Can Learn From Crypto – CoinDesk

CoinDesk

Both crypto exchanges and popular online trading platforms including Schwab, TD Ameritrade and Robinhood have a rising number of young investors who, working from home during the coronavirus pandemic, spend some of their work hours trading for their own personal Read More

Bitstamp to Move Clients’ Accounts From London to Luxembourg – CoinDesk

CoinDesk

Cryptocurrency exchange Bitstamp told CoinDesk it will migrate its customer accounts from its London-based Bitstamp Limited to its entity in Luxembourg. But operations at Bitstamp Limited will not be affected by this decision, according to the company. “[This is] a Read More

Ex-Prudential Securities CEO Calls Bitcoin a ‘Safe Haven’ – CoinDesk

CoinDesk

George Ball, the former chief executive officer of Prudential Securities and now CEO of Sanders Morris Harris, suggested that bitcoin or other cryptocurrencies could be “a safe haven” for investors and traders as an alternative investment. Ball, who claimed himself Read More