DeFi needs more fixed-rate lending protocols: Messari researcher

DeFi lending protocols have attracted billions of dollars in liquidity provision by offering huge returns, however the sector badly needs more fixed rate lending options according to one researcher. A number of protocols, including Yield Protocol, UMA Protocol, and Mainframe are already venturing into fixed rate lending and borrowing markets for crypto collateral. According to Messari researcher Jack Purdy fixed rates provide certainty for lenders and borrowers looking to accurately forecast their costs and returns on capital. Referring to yield curves, which plot interest rates against varying maturity dates, he…

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‘David Hasselhoff Invented Bitcoin’ – 9 Celebrities Wish Bitcoin a Happy Birthday

Ahead of the 12th anniversary of the Bitcoin white paper, a large group of celebrities published cameo videos saying “happy birthday” to the world’s first cryptocurrency. A number of popular stars appear in the videos including Charlie Sheen, David Hasselhoff, Carole Baskin, Gilbert Gottfried, and more. On Halloween, this Saturday, October 31, a great number of cryptocurrency advocates will be celebrating the day Satoshi Nakamoto published the Bitcoin white paper. Satoshi Nakamoto published the paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” on the website metzdowd.com on the cryptography mailing…

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Avanti Bank Launches – Bitcoin Magazine

Avanti Bank & Trust has been granted a bank charter by the Wyoming State Banking Board today following a unanimous vote, per an announcement from the company. “Avanti’s mission is to provide a compliant bridge between the traditional and digital asset financial systems, with the strictest level of institutional custody standards,” said Caitlin Long, Avanti’s founder and chief executive officer who has led blockchain advocacy efforts in Wyoming, in the announcement. “We will provide products and services that do not exist in the market today. Currently the only type of…

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This social media platform gives you the option to make your posts undeletable

Alternative social media platform Minds is now letting users permanently save their content on the Arweave platform, which ensures that nobody can ever delete it once published. Minds users can choose to publish their content on the “permaweb” with no payment or additional setup required. After several minutes, the content can be viewed on the Arweave block explorer and it is expected to remain there forever — or at least for as long as Arweave exists, Minds CEO Bill Ottman told Cointelegraph. This marks the first major integration of blockchain…

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After Praising Bitcoin, JPMorgan Pushes JPM Coin, Sets Up Dedicated Crypto Unit

JPMorgan Chase has revealed that its own JPM Coin is now being used commercially by a large tech company. The company has set up a dedicated crypto business unit with a focus on cross-border payments. This news follows a group of JPMorgan analysts praising bitcoin as an alternative investment to gold. JPMorgan’s Crypto Now Used Commercially Global investment bank and financial services company JPMorgan Chase has set up a dedicated crypto business unit called Onyx with more than 100 staffers, CNBC reported Tuesday. Takis Georgakopoulos, JPMorgan’s global head of wholesale…

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ConsenSys collaborates with Banque de France digital euro partner

Ethereum software firm ConsenSys has just sealed its sixth central bank digital currency project. On Oct. 28, the blockchain organization announced that it will be collaborating with Société Générale Forge on experiments for a digital euro. Société Générale Forge is the digital capital markets platform of major financial services group, Société Générale Group. SG Forge was involved in the issuance of a 100 million euro bond as a security token on the Ethereum blockchain back in spring 2019. It specializes in building institutional-grade models for regulated security token operations registered on the blockchain. …

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Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap

The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion between now and the year 2023. Sub-Sahara Africa’s Limited Fiscal Space According to the Fund, without significant additional financial assistance, many sub-Saharan African countries will struggle to simply maintain macroeconomic stability while meeting the basic needs of their populations. Emphasizing the urgency of…

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Celsius Network founder gifts wife 15 million CEL tokens

The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous stake in the process. Celsius CEO Alex Mashinsky gifted wife Krissy 15 million CEL tokens as a birthday present, worth an estimated $20 million at today’s prices. I gave my wife @KrissyMashinsky a very special present of 15,000,000 CEL tokens for her very special birthday. She has been with me through it all and ALWAYS supported me even when I made silly mistakes. I love you Krissy…

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Bitcoin fees spike 198% but Ethereum still more profitable

Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average. According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with the other 77.75% coming from block rewards. The share of fee revenues is currently the highest it has been since the plateau of the last all-time high in January 2018 — which followed fee revenues spiking to almost a 45% share during the previous month. The percentage of #Bitcoin miner revenue from fees increased to…

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