Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY
On September 3, 2020, the well known Yearn Finance defi project “paused” the popular ethereum liquidity vault (yETH) service, after locking in a significant $139 million. Yearn’s vault feature launched on Wednesday, and saw $100 million deposited on the first day. The vault hype has also caused the Maker DAO project to make a governance call in order to allow more DAI minting. The defi project Yearn Finance has been...
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged stablecoins have seen demand, the longstanding tether is still capturing most of the economic activity. There’s been a lot of changes in the...
Long-Term Fundamentals Signal Robust Crypto Bull Market Fueled by Reckless Money Printing, Defi
A robust cryptocurrency bull market is in the making, a Weiss Crypto Ratings analyst explained. Citing central banks’ “reckless money printing policies” and “the explosion in Defi innovation,” he sees long-term fundamentals favoring cryptocurrencies despite some short-term selloffs. Robust Bull Market in the Making Weiss Crypto Ratings’ Juan Villaverde explained last week that long-term fundamentals...
TVZion Piracy App Ordered to Shut Down By Global Anti-Piracy Group ACE
Over the past several years there has been an explosion of piracy apps that run on mobile devices, mostly on the Android platform. Most of the big-name piracy apps such as Popcorn Time have an Android variant and due to the relative ease of development offered by the OS, dozens of similar tools for viewing the latest content are available online. One that has been gaining traction since it appeared a couple of years ago is TVZion. It...
Cloudflare Shared Personal Details of Hundreds of Customers in Response to DMCA Subpoenas
Popular CDN and DDoS protection service Cloudflare has come under a lot of pressure from copyright holders in recent years. The company offers its services to millions of sites. This includes multinationals, governments, but also some of the world’s leading pirate sites. Many rightsholders are not happy with the latter. They repeatedly accuse Cloudflare of facilitating copyright infringement by continuing to provide access to...
