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Daily Defi News from Across the Web

Daily Defi News from Across the Web

PayStand Adds Cryptocurrency to Its Balance Sheet

Last Friday, December 10, PayStand, a cloud-based payment platform for B2B companies, announced that it has been buying Bitcoin and Ether on its balance sheet. Such action by the PayStand firm marks... Read more »

Major Fat Finger Error as BAYC NFT Acquired for $3K Instead of $300K

A major “fat finger” transaction error in the growing blockchain world took place over the weekend with a Bored Ape Yacht Club (BAYC) NFT mistakenly listed for 0.75 ETH (worth approximately $3,000)... Read more »

Ethereum is Burning at the Rate of 6.29 ETH per Minute

Burnt Ether is edging closer to the 1.2 million ETH mark, given that it’s burning at a rate of 6.29 ETH, approximately $24,361, per minute.  Ever since the London Hard Fork or... Read more »
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Proof of Stake Networks to Help Staking-as-a-Service Providers

The proof of stake (PoS) consensus mechanism has gained steam in 2021 because it is more environmentally friendly and cost-effective compared to the proof of work (PoW) framework used in networks like... Read more »
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Digital Currency and the Financial Inclusion Drive: The Journey So Far

It is largely believed that one of the primary reasons Satoshi Nakamoto invented Bitcoin (BTC) was to solve the financial inequality amongst people. The design of the digital currency and the blockchain... Read more »
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SEC Boss Appoints Corey Frayer To Advise on Crypto Policy

On December 30, the US Security and Exchange Commission (SEC) Chairman Gary Gensler hired new staff to offer advice related to crypto policy-making and inter-agency work. The SEC chair stated that Corey... Read more »
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Ethereum’s Transaction Volume Scales the Heights by Topping 2.14B ETH in 2021

With an annual return rate of 399.2%, Ethereum (ETH) has scaled the heights in 2021 thanks to increased adoption and notable upgrades like the London Hard Fork.  Ethereum’s on-chain volume has witnessed... Read more »
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Blockchain Ecosystem Suffers Over $9.8B Worth Security Lost in 2021

With the sophistication that blockchain systems are showcasing today, one would think it will translate into better security, however, this is not the case, as distributed ledger technologies have suffered many security... Read more »
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DeFi Growth Outlook for 2021: From $18.71B to $258.58B

New milestones were achieved across the digital currency ecosystem in 2021, a growth that was translated into Decentralized Finance (DeFi) sub-niche. According to data from DeFiLlama, the DeFi ecosystem, encompassing the top... Read more »
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Where’s the Crypto Market Heading as We Near 2022? Top Most Promising GameFi Tokens

Crypto investors who pinned their faith on the prediction that Bitcoin would soar to $100,000 by the year-end now have to reconcile themselves to the reality that there won’t be a Santa... Read more »

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