30 September 2021
Hot
Twitter Shares Sneak Peek of Its Ethereum NFT Verification
Twitter announced last week that the company was working on NFT verification.
A software engineer with the company has shared a preview of the feature.
…
“By allowing people to connect their Bitcoin wallets, they can track and showcase their NFT ownership on Twitter,” Crawford said. Nonetheless, Aflak’s online demo showed a glimpse of prominent Ethereum wallet MetaMask.
Crypto is going mainstream left and right.
It’s time for you to finally get in the saddle and download metamask if you have yet to do so.
Yee Haw!
DeFi
China’s Bitcoin Ban May Be Bullish for DeFi — But Only Briefly
DeFi token prices surged amid the recent crackdown, but some insiders doubt it will last.
A price rally for the native tokens of leading decentralized finance (DeFi) protocols came as no surprise after China tightened its crackdown on crypto trading, because DeFi trading platforms are, in theory, resistant to censorship
But according to Chinese DeFi founders, investors and legal experts, the bullish view on DeFi amid the ban on crypto-related activities could be short term, as they note that DeFi innovation in China will be killed in its infancy and capital flows from China to DeFi will gradually die down.
A Sept. 24 notice — which was co-signed by 10 Chinese government agencies, including the three main bodies of China’s judicial system — made it clear for the first time that China’s government forbids crypto-to-crypto trading and that individuals who live in China but work for offshore crypto exchanges are subject to legal prosecution. That set boundaries on what had previously been gray legal areas.
“The regulation is fragmenting liquidity away from market leaders and pushing it into DeFi and tier two exchanges … this round of regulation … is making it less attractive for users to rely on being in legal gray areas,” Yorke said. “At the moment, DeFi seems like a proactive way to minimize custodial or platform risk.”
We’re not even really sure what to say about this one.
China seems to change their mind left and right.
That, and we see very little reason to take what they say at face value.
Their $2 billion gold bar fraud comes to mind.
We think it is highly unlikely China is really going to permanently outlaw crypto in some sort of lasting capacity though.
DeFi ‘blowing up,’ Coinbase chief compliance officer says
That banks and financial institutions can no longer ignore the cryptocurrency space may be a bygone conclusion. But are they ready for decentralized finance within that space? Cryptocurrency has seen rapid adoption, with estimates that 23% of Americans now own crypto, a panel said yesterday at the Association of Certified Anti-Money Laundering Specialists (ACAMS) conference […]
We didn’t realize this article was locked behind a paywall, but realistically, the one bit of info we did get, alongside the headline, is all you need to hear.
DeFi is getting… BigFi?
Our apologies if that was cringe.
Pour Conclure
It’s almost Friday, friends.
We’ll catch ya tomorrow.
Your Pal,
The Gopher
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