“It turns out that it’s currently easier to borrow and lend with WBTC than BTC since users can interact with DeFi lending protocols like Compound, Aave, and Maker to lend their WBTC and borrow USDC, dai, or other assets against it,” Joe Keefer, a trader at Grapefruit Trading, one of the biggest WBTC merchants, told CoinDesk on Telegram. “There are also many opportunities to use … [Read more...] about Wrapped Bitcoin’s Supply Has More Than Doubled, but the BadgerDAO Hack Exposed Risks of Moving Bitcoin to Ethereum
Doubled
Crypto and blockchain investments have already doubled 2020: KPMG report
Crypto and blockchain investments continue to grow thanks to the ever-rising investor interest, according to a new report from Big Four accounting firm KPMG.Titled “Pulse of Fintech H1 2021,” the study covers global investment activities in different financial technology verticals for the first half of the year. It details 2,456 investment deals worth $98 billion made between … [Read more...] about Crypto and blockchain investments have already doubled 2020: KPMG report
XRP volumes nearly doubled in Q2 2021, Ripple report shows
According to a Ripple market report, the average daily trading volume (ADV) of XRP has soared, almost doubling to $4.49 billion in the second quarter of the year, compared to the $2.26 billion recorded in the first three months of 2021, while the token witnessed four of the highest volume days ever recorded. XRP is currently the fifth cryptocurrency by the daily trading volume … [Read more...] about XRP volumes nearly doubled in Q2 2021, Ripple report shows
Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
Is DeFi season back? Stablecoin 'yield' deposits nearly doubled last month even as Bitcoin crashed Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Tether › DeFiStablecoins prevail during a pullback market as upcoming crypto management platforms provide avenues for high yield profits. Ana … [Read more...] about Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
Institutional investments in Ripple’s XRP nearly doubled last week
Ripple-issued token XRP has been the most popular altcoin among institutional investors as the assets under management (AUM) in related financial assets nearly doubled, a report published by asset manager CoinShares earlier this week showed.“We believe this recent renewed appetite for digital assets is due to a combination of increasing acceptance from institutional investors, … [Read more...] about Institutional investments in Ripple’s XRP nearly doubled last week