BlockFi has maintained that its product is not a security. But securities regulators appear to disagree. Earlier this year, a bevy of state-level agencies opened investigations into BlockFi, which would make the SEC only the latest force to give a look. Source link … [Read more...] about SEC Reportedly Looking Into BlockFi’s Crypto Yield Products
Yield
Miami to Give ‘Bitcoin Yield’ From MiamiCoin to Its Citizens
The yield comes from the staking of the city’s own cryptocurrency, MiamiCoin, which was introduced early this year and has already earned over $21 million in the past three months for Miami. Suarez noted that if you were to annualize that revenue, it would equal roughly one-fifth of Miami’s total annual tax revenue of $400 million. Source link … [Read more...] about Miami to Give ‘Bitcoin Yield’ From MiamiCoin to Its Citizens
Solana-Based GameFi Title Genopets to Partner With Yield Guild Games
“Some of these guilds are literally using spreadsheets to keep track of their players’ earnings,” Jay Chang, co-founder of Genopets, told CoinDesk in an interview. “Our system saves everyone time, and lets the guilds focus more on other things, like the educational component.” Source link … [Read more...] about Solana-Based GameFi Title Genopets to Partner With Yield Guild Games
How Yield Farming on Curve Is Quietly Conquering DeFi
Over the past six months, Curve has made just $34.1 million in swap fees, even though it has $16.5 billion in TVL on Ethereum’s main network and has kept its trading volume consistently high. Curve and its liquidity providers make $0.40 on every $1,000 in trading volume, compared with another popular decentralized exchange, Sushi, which makes $3 on every $1,000 in trading … [Read more...] about How Yield Farming on Curve Is Quietly Conquering DeFi
Solana-Based Yield Aggregator Tulip Raises $5M
Solana-based decentralized finance (DeFi) app Tulip raised $5 million in a bid to expand its yield aggregation and crypto lending products.The seven-month-old protocol, which at press time held over $800 million in crypto assets, said Jump Capital and Alameda Research led the “strategic investment.” Tulip recently rebranded; it won a $25,000 hackathon prize as “SolFarm” in … [Read more...] about Solana-Based Yield Aggregator Tulip Raises $5M