The move comes at a time when traders are seeking alternative sources of capital value during an “uncertain macroeconomic climate.”
Coindesk
There Are More DAI on Compound Now Than There Are DAI in the World
The amount of DAI deposited on Compound skyrocketed by more than $140 million on Thursday – somehow exceeding the total amount of DAI in existence.
Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose
Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.
DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom
Nexus Mutual is seeing a surge in demand. “Our product has honestly seen massive interest since yield farming kicked off,” said founder Hugh Karp.
Bitcoin News Roundup for July 2, 2020
With traditional markets moving up and BTC sticking to its recent tight trading range, Markets Daily is back with another bitcoin news roundup.
China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown
Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations.
Bug in Moscow’s Blockchain Polling System Can Reveal How Users Voted: Report
The vulnerability allowed users votes in the recent constitutional poll to be decrypted, Russian journalists found.
Investment Fund Arcane Crypto Plans Nasdaq Nordic Listing Through $32M Reverse Takeover
A successful reverse takeover of Vertical Ventures would allow the crypto investment firm to appeal to a broader investor base, the firm said.
After Years of Resistance, BitPay Adopts SegWit for Cheaper Bitcoin Transactions
Payments processor BitPay has added support for SegWit, three years after a competing block size proposal fractured the Bitcoin community.
Sri Lanka’s Blockchain Bank KYC Platform to Enter Development ‘Shortly’: Central Bank
The Central Bank of Sri Lanka is about to decide who will develop a blockchain platform that could speed up the processing of bank users’ ID information.
