DeFi
Crypto Chaos Continues; Mass BTC Liquidations in Exchanges Across Asia
The Asian crypto markets continued to struggle as investors turned towards stablecoins to minimize losses. Mass BTC long positions were liquidated across exchanges in Asia, but Singapore-based Bybit tells us that the numbers don’t tell the full story. Meanwhile, decentralized finance lending protocol Maple Finance brings DeFi to institutions.
Banking App Current Picks Polkadot for its DeFi Debut
Fintech firm Current announced that it will become more active in the Polkadot space. Current will serve as a validator on the Polkadot network and plans to integrate Acala, a Polkadot-based decentralized finance (DeFi) platform, into its banking app.
Will Bitcoin Drop Again Before Bouncing Back?
Bitcoin is up slightly from its most significant pullback this year. Analyst Nick Mancini of Trade the Chain thinks it could drop a second time before recovering. Mancini joins “First Mover’ to discuss Trade the Chain’s “neutral” outlook on bitcoin and why he’s bullish on ether and DeFi.
DeFi Dashboard Zapper Raises $15M to Create On-Platform App Store
In a star-studded funding round that included Mark Cuban and Ashton Kutcher, the DeFi service aggregator Zapper raised $15 million to develop an on-platform app store. “The Hash” panel breaks down how Zapper can make DeFi more user-friendly and attract new investors to the DeFi space.
JPMorgan and Other Banks Plan to Issue Credit Cards to People With No Credit
A pilot program launched by JPMorgan and several major banks will issue credit cards to people with no credit scores. Instead of credit scores, the U.S. banks will share other customer data, including bank statements and other banking habits. "The Hash" panel discusses how it's connected to crypto and how traditional finance is changing in response to DeFi.
ING Report: DeFi Is More Disruptive to Banks than Bitcoin
A report published by Netherlands-based ING Bank concludes that decentralized finance (DeFi) is potentially more disruptive to the traditional banking sector than bitcoin. ING used DeFi platform Aave as a case study for its report. "The Hash" panel breaks down the contents of the report and discusses the role of institutions as "lego builders" in the DeFi sector.
Bitcoin, Ether and Even Dogecoin Examples of ‘Super Healthy’ Crypto Industry
Bloq Chairman and Vesper Co-founder Matthew Roszak talks about the “insane” DOGE rally, how it exemplifies the power of crypto networks, and what he sees as evidence of a “super healthy” crypto industry. Plus, breaking down Vesper’s collaboration with Chainlink to develop an oracle for DeFi’s most cited metric: Total Value Locked.
Why Some DeFi Projects Are Migrating from Ethereum to Alternative Blockchains
Umbrella Network, a decentralized finance (DeFi) oracle, is migrating from Ethereum to the Binance Smart Chain to save money, and they aren't the only ones. Other DeFi projects, including Dapper Labs, are transitioning away from Ethereum. Sam Kim of Umbrella Network joins "First Mover" to discuss his company's migration to Binance Smart Chain.
Berkshire Hathaway's Charlie Munger Calls Bitcoin 'Disgusting'
Charlie Munger has not been shy about his dislike of crypto. Still, at the Berkshire Hathaway annual shareholders meeting, the 97-year old attacked bitcoin, calling it "disgusting" and "contrary to the interests of human civilization." "The Hash" panel breaks down Munger's comments and what they say about the relevance of investment giants in the DeFi age. Plus, a comparison of the performance of bitcoin vs. Berkshire Hathaway.
