stablecoin

What is Decentralized Finance? (DeFi)

What is Decentralized Finance? (DeFi)

By Wilton Zigler If you’re a retail trader or an institutional investor you may understand that it’s a blockchain based form of finance that doesn’t rely on central financial intermediaries. However, if you’re new to the space it may sound like jargon but don’t fret, it’s not as complicated as it sounds. Overall, it’s important to know the protocols when investing into projects. DeFi revolves around decentralized applications or dApps. This allows the financial functions on the blockchain, Bitco…
POKKET: Crypto Market Update (Oct 7)

POKKET: Crypto Market Update (Oct 7)

Bitcoin has returned to $1T in market cap, blasts through $50k and sits at $55k now, a +7.2% gain in 24h. ETH is +2.1% to $3580. Movers are NKN +18%, FTM +16%, AST -12%, EVX BAND -9%. The US Department of Justice boomers proudly announced it is forming a “National Cryptocurrency Enforcement Team”, focused on cybercrime and money laundering with the goal of protecting consumers. The US FDIC is said to be studying deposit insurance for stablecoins, as it might qualify for the $250k insurance if a …
POKKET: Crypto Market Update (Aug 25)

POKKET: Crypto Market Update (Aug 25)

Bitcoin is softer -2.6% to $48k, ETH is lower -3.6% to $3200. Movers are SNM +19%, RSR +11%, FTM BZRX YFII DODO -10%, FIS ENJ AUDIO CHR -9%. Blockstream has raised $210M in a $3.2B Series-B round led by Baillie Gifford and iFinex (parent co of Bitfinex + Tether) to expand into manufacturing mining chips. Amid the stablecoin wars, Paxos rebrands to ‘Pax Dollar’ and the ticker will change to ‘USDP’ for easier recognition, the company blogged. Sperax is a new stablecoin which natively pays yields, …
POKKET: Crypto Market Update (Aug 12)

POKKET: Crypto Market Update (Aug 12)

Bitcoin is +0.3% to $46.0k, ETH is doing better +1.8% to $3230. Movers are TRU +64%, DENT +31%, DOCK +20%, MATIC +19%, HOT +17%, OCEAN +14%, CND +13%, WABI CELR +12%, SUSHI +11%, STMX +10%. DOGE is up +40% in a week as the rest of the crypto market remains quiet. Lockbit hit Accenture with ransomware, and has started releasing stolen files after the victim said it had "contained the matter" and brushed off the hack. SEC chair Gary Gensler has written a letter to Senator Warren about the need for…
POKKET: Crypto Market Update (July 19)

POKKET: Crypto Market Update (July 19)

Bitcoin is down -1% at $31.6k, ETH is lower -4% to below $1900. Movers are CHR +28%, AUDIO +17%, OAX CELR +11%, PUNDIX -10%, rest are in between. Aave is looking to release an Ethereum-based Twitter alternative this year, set to run on DeFi. DOGE is up +10% since the Elon Musk updated his twitter profile pic with Doge in his sunglasses. According to John McAfee's biographer, the tech entrepreneur was broke when he passed away due to the amount of money blown on properties around the world (doesn…
POKKET: Crypto Market Update (July 17)

POKKET: Crypto Market Update (July 17)

Bitcoin price is softer -0.7% at $31.3k, ETH is also -1% to $1900. Movers are BAT +12%, UMA +11%, ALICE -17%, DEGO CHR LIT -15%, AUDIO DODO -14%. Janet Yellen will meet with top regulators for a discussion on stablecoins next week, with a particular focus on Tether; turns out the FUD wasn't unwarranted after all. Anthony Di Iorio, one of the eight Ethereum co-founders, is going to sell his firm Decentral and quit crypto all together to focus on larger problems and step away from being a 'crypto …
POKKET: Crypto Market Update (July 15)

POKKET: Crypto Market Update (July 15)

Bitcoin price is handing in there at $33k +2%, with ETH just at $2k, +7%. Movers are SAND +34%, CHR +29%, LIT +24%, DEGO +22%, OGN +15%, POWR -8% and rest in between. JPow said stablecoins should be more strictly regulated before the House of Representatives, and be treated like bank deposits or money market funds. ShapeShift is looking to become a decentralised exchange and airdrops FOX tokens to 1M+ users. The creator of DOGE Jackson Palmer says crypto preys on the 'financially desperate and n…
POKKET: Crypto Market Update (July 9)

POKKET: Crypto Market Update (July 9)

Bitcoin is softer -0.4% to $33100 while ETH is hit harder -4% to $2150. Movers are OXT +16%, ALPHA -22%, RLC -18%, AXS -16%, MANA PUNDIX -15%. Senator Warren has sent a letter to SEC chair Gary Gensler, asking what the agency is doing to regulate crypto, asking some fair questions despite her lack of understanding of the space. China's central bank is calling the pot black, claiming stablecoins pose systemic 'risks' to the global financial system. The EU is looking to propose new AML body to cra…