Calculating the good, bad and boring in Defi November 3, 2020 There is a feeding frenzy around decentralised finance (Defi). The most popular decentralised exchange Uniswap has surpassed more than $3bn locked in it, and there was a peak in October of more than $12.5bn of assets in Defi. Much of the excitement has been driven by the returns earned for providing liquidity for ‘automated market [...]
Non-Custodial Wallet lockout? Three Solutions November 3, 2020 At Zumo we believe that only you should be in charge of your money. Nearly everyone keeps their money in a bank account, and you may think that this keeps it safe, secure, and under your control. But the truth is, it is the bank, and ultimately the government, who decide if and when you are [...]
Bitcoin’s closing price for October was its second highest ever monthly close November 3, 2020 By any measure, last week was a pretty special one for Bitcoin. Let’s take a look at the main highlights. On Tuesday (October 27), the plans of Singapore’s DBS Bank, the largest bank (by assets) in South East Asia, to launch its own crypto exchange (“DBS Digital Exchange”) got leaked when the landing page for [...]
Connecting DeFi with real world assets: the next horizon October 30, 2020 Decentralised Finance (DeFi) is a term used to refer to innovations in capital markets that rely on blockchains, and enable capital market activities across an open network, where trust is automated in the software. Instead of using conventional financial rails such as banks or credit transfer APIs, DeFi based projects work entirely on blockchains without [...]
What grassroots use of Bitcoin could mean for liquidity October 29, 2020 The road to the recent announcement from PayPal goes back 10 years. 2010 famously saw the first recorded commercial transaction of Bitcoin when a user spent 10,000 BTC on pizza. Pizza is delicious, but we would all be kicking ourselves for exchanging what is currently worth $130 million on 2 pizzas. This is now celebrated [...]
Crypto AM shines its Spotlight on INX October 28, 2020 Trailblazers In Unchartered Territory: INX, The First SEC-Registered Token IPO INX Limited is enabling the future of finance by creating a new asset class; with higher flexibility and innovative functionality for asset listings, trading and governance. We are witnessing change across all industries in this post-pandemic world, and capital markets are no exception. Security tokens [...]
DeFi Hacks: A Cybersecurity Perspective October 28, 2020 The decentralized finance market (DeFi) has been one of the most explosive trends in the crypto industry since the ICO boom of 2017. Crypto-assets locked away in DeFi protocols over 2020 have increased by a staggering 1,740%, from $676 million to a peak of $12.44 billion – according to figures from Defipulse. This dramatic rise [...]
Decentralised exchanges: Solving the scaling problem October 27, 2020 Cryptocurrency, at its core, was designed as the ultimate financial disruption – requiring no centralised authority. And yet, there is a kind of paradox in the majority of crypto trading volume occuring on exchanges that are centralised. However, we are now seeing the beginnings of a shift towards decentralised exchanges (DEXs) such as Uniswap, Balancer, [...]