YFDAI Releases Robust Roadmap Update for 2021

YFDAI (YF-DAI) has updated its 2021 roadmap on the heels of launching the SafeSwap Governance Token, SSGT. The launch of this token achieves a major goal set for Q2 of the year, and with more than half of the quarter still ahead, users can expect several changes for existing YFDAI products as well as additions to what YFDAI has to offer the DeFi community. The roadmap for Q3/Q4 identifies upgrades for YFDAI’s core product line of safety-centric ‘rug pull proof’ DeFi products, new products set to launch, and the foundations…

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Ether balances on centralized exchanges fall to lowest level since June 2019

According to analysis from on-chain analytics provider Glassnode, the sum of Ethereum on exchanges has fallen to its lowest level for almost two years. Glassnode estimates that just 13.3 million Ether is currently held on centralized exchanges, the lowest it has been since June 2019. As such, centralized platforms hold roughly $52.4 billion worth of ETH or 11.5% of Ethereum’s entire supply. #Ethereum $ETH Balance on Exchanges just reached a 23-month low of 13,384,235.936 ETH View metric:https://t.co/1dCpD2ey8E pic.twitter.com/FGZHqXr3Pa — glassnode alerts (@glassnodealerts) May 10, 2021 The number of Ether on…

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You Need To Withdraw Your Bitcoin ETF

A Bitcoin ETF is coming, whether you like it or not. Image source You might be excited at the stamp of approval this gives bitcoin from the old guard. It will also allow many investors to much more easily gain exposure to bitcoin through current accounts at big banks. These are huge positives for a new commodity that’s rapidly gaining recognition as a revolutionary instrument for storing value over time. However, as with many financial products on Wall Street, the people of Main Street should tread with caution. Big banks…

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Bitcoin Holds Key Support, Here’s What Could Trigger A Sharp Decline

Bitcoin price failed to clear the $58,500 resistance against the US Dollar. BTC is correcting lower and it could decline heavily if there is a break below $55,500 Bitcoin struggled to clear the $58,500 resistance and started a fresh decline. The price is now trading below the $57,000 level and the 100 hourly simple moving average. There is a key rising channel forming with support near $56,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline heavily if there is a close below…

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‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper

A paper published by the Federal Reserve Bank of St Louis has delved into the expansion of decentralized finance and Ethereum’s role in it. The research, penned by Dr. Fabian Schär and published on May 2, has taken a deep dive into the world of DeFi, hinting that if security concerns and risks can be addressed, it may lead to huge changes in the financial industry. “DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way,” Dr. Fabian Schär wrote,…

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Bitcoin Illuminates Inflation Prices – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Rule III: Do Not Hide Inflation in the Fog A reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin. Preface This writing mirrors the exact chronological structure of “Beyond Order,” offering reflection through a Bitcoin lens. This is part 3 of a 12-part series. If you read the book, it adds a second dimension. All quotes credited to Jordan Peterson. All reflections inspired by Satoshi Nakamoto. Those Damned Plates “Do not pretend you are happy with something if you are not, and if a reasonable solution might,…

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Bitcoin Breaks Above $57,000 As April Ends, Altcoins Continue To Rally

Bitcoin and the whole crypto market turned green at the close of April. The run-up to this month’s $4.2 billion options expiry was uneventful, with no signs of dissent. After a brief fall below the $53,000 support level on April 29, Bitcoin rallied 10% by midday to reclaim its previous high of $57,400. BTC/USDT 4-hour chart. Source: TradingView Related article | Bears Salivate As Bitcoin Monthly Close Leads To Indecision Mainstream Acceptance Increase MicroStrategy CEO Michael Saylor’s announcement that the company saw a 52% increase in sales relative to the same…

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Ransomware task force calls for aggressive Bitcoin transaction tracing measures

Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows. The task force includes law enforcement including FBI and U.S. Secret Service agents working alongside representatives of leading security and tech firms. According to an April 29 report from Reuters citing anonymous sources from the Department of Justice’s task force, the group is calling for new guidelines designed to cut through the anonymity of digital asset transfers…

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