Defi

POKKET: Crypto Market Update (June 16)

POKKET: Crypto Market Update (June 16)

Bitcoin is flat right on $40k and ETH is down -3% to $2500. Movers are OST +15%, CHZ DOCK +12%, OGN +11%, GTO -12% and rest are in between showing less volatility. The boomer Bank of England's Andrew Bailey says Bitcoin is 'not money' and is keeping an eye on stablecoins as such technologies could become 'systemic' in the financial system. Boomer and crypto critic rep. Maxine Waters made an announcement during a hearing that she has formed a working group with Democrats focused on cryptocurrenci…
POKKET: Crypto Market Update (June 10)

POKKET: Crypto Market Update (June 10)

Bitcoin price is +13% to trade $37.4k while ETH is lagging behind +5% to $2600. Movers are MITH +38%, FIS +16%, DOCK +14%, INJ POND +12%, OST -21%, POLY -11%. El Salvador's Bitcoin bill passed yesterday, with supermajority votes. The country now embraces BTC as legal tender - starting with their Development Bank holding $150M worth in BTC, eventually moving towards holding it as reserve currency in the Central Bank while adding to this position. Yesterday 22k people listened in on Twitter Spaces…
POKKET: Crypto Market Update (June 9)

POKKET: Crypto Market Update (June 9)

Bitcoin price is -2.5% to $33000 after recovering from a 10% drop yesterday, while ETH is -5.4% to $2465. Movers are GTO +40%, OST +15%, CRV +10%, and rest are mixed between +/-7%. More Latin American countries are joining the movement created by El Salvador in embracing Bitcoin, with many politicians and influencers from the region changing profiles to laser eyes. Paris Hilton joins an Ethereum NFT project, Origin, as their advisor. Data from Chainalysis shows investors from the US made $4B in …
Adding 15 New Tokens This Week (7–11 Sep)

Adding 15 New Tokens This Week (7–11 Sep)

We're adding more tokens to earn interest this week. Some of the tokens being added are requested by our customers, and some are popular DeFi tokens. We now have most of the top DeFi tokens earning interest with POKKET, and will have 66 tokens and 2 stablecoins to earn interest by the end of the week. With our financial engineering and a little bit of magic, we are able to provide our users the ability to earn interest on any crypto asset, based on its price volatility. Here …
POKKET Weekly News: The Week In Crypto (22–28 June)

POKKET Weekly News: The Week In Crypto (22–28 June)

Bitcoin volatility declined to levels before the March market crash, while altcoins continue to catch fire with the help of DeFi token rallies. Driven by the narrative that most of these DeFi tokens are based on Ethereum, ETH volatility remained slightly higher than BTC.In other news, the much anticipated “the largest options expiry in history” for bitcoin was a disappointment for market participants. Crypto market analysts have been focused on watching the $1 billion bitcoin options contra…
Decentralize the World Economy: A Brief Introduction of DeFi

Decentralize the World Economy: A Brief Introduction of DeFi

The growing interest in decentralized solutions hasn’t yet stopped Fintech from thriving globally. Fintech, a portmanteau of “financial technology”, is more focused on traditional financial services, which are still pretty much centrally governed by banks and other financial institutions. Things may change a bit in the future. DeFi has recently emerged as a viable alternative to Fintech. What is DeFi? DeFi is a shorthand term for “decentralized finance”. It is a cryptocurrency industry movement …