Yield Farming May Have Led to more DAI on Compound than in Circulation

Compound includes both loans and deposits as part of the supply reflected. Compound COMP tokens no longer have a distribution according to interest rates on loans. A new chapter in yield farming has emerged through the decentralized finance (DeFI) platform Compound, where there is a paradox that involves the stablecoin DAI. According to figures from […]

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Similarities between DeFi on Ethereum and ICO Craze of 2017

The success of ICOs led many novice investors to bet on fraudulent projects. DeFi must avoid the speculation of users if they want to develop their full potential. There are similarities between ICO craze and the current growth of DeFi on Ethereum. This situation has not gone unnoticed by those who have been in the […]

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British Court Closed Cryptocurrency Exchange Gpay after Scam for Almost USD 2 Million

At least 108 customers from the UK and other parts of the world were victims of scam. To start trading on the platform, customers did not need to validate their identity. Cryptocurrency exchange GPay, registered in Slough, England, scammed at least 108 customers from the UK and other parts of the world, which led British […]

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Cryptocurrency Companies Must Prevent Money Laundering, according to New Spanish Law

The companies will have a six-month period to adapt to the new law. Fines for non-compliance with the law could exceed the amount of EUR 60,000. The preliminary draft law for the prevention of money laundering recently received the approval of the Spanish authorities. Cryptocurrency service providers from the European country will have to meet […]

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Fight against Privacy Cryptocurrencies and Bitcoin Lightning Network by the United States

The US government points to cryptocurrencies like Monero, Zcash, and Grin. The authorities allege an increasing use of privacy cryptocurrencies for illegal purposes. Currently, the US government is seeking tools to track movements of funds in cryptocurrencies focused on privacy or second-layer solutions such as the Bitcoin Lightning network. The authorities of the North American […]

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