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Current state of DeFi in 2021: Part 1

Current state of DeFi in 2021: Part 1

Quick Take

  • This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report
  • Maker was the largest lending platform by value locked and outstanding debt
  • Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively
  • dYdX outpaced other derivatives protocols in volume after the introduction of its recent liquidity mining program
  • Convex surpassed Yearn and became the largest yield optimizer by value locked

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The story behind a massive bitcoin mining heist in China

Quick Take

  • To outsiders, the recent arrest of a former Chinese official for “supporting” a local crypto mining business may appear to be a direct outcome of China’s ongoing crackdown on crypto mining.

  • But the backstory actually stretches back more than three years, and what he is accused of doing is far more than just supporting a crypto mining business.

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Hillary Clinton wants crypto regulation to protect the dollar’s reserve status

Former secretary of state Hillary Clinton has called for increased regulation of cryptocurrency markets in an interview with MSNBC. 

The post Hillary Clinton wants crypto regulation to protect the dollar’s reserve status appeared first on The Block.

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English and Welsh law can apply to smart contracts, says Law Commission

The Law Commissions finds no need for big changes to the common law of England and Wales regarding smart contracts.

The post English and Welsh law can apply to smart contracts, says Law Commission appeared first on The Block.

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[SPONSORED] Escaping the Earth Dec 14 with a New Play-to-Earn dMMO

The Earth, once the Eden, the precious gift to mankind, has turned to a dark, exhausted orb in this vastly deep, cold, and seemingly empty space.

The post Escaping the Earth Dec 14 with a New Play-to-Earn dMMO appeared first on The Block.

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Axie Infinity plot of virtual land sells for record $2.4 million

A virtual land plot in the Axie Infinity NFT game sold for a record price of 550 ether (about $2.4 million) on Wednesday.

The post Axie Infinity plot of virtual land sells for record $2.4 million appeared first on The Block.

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Adidas Originals announces partnership with Coinbase

Adidas Originals, a brand of the German sportswear clothing firm Adidas, announced a partnership with the crypto exchange Coinbase in a Wednesday tweet. Details about the partnership are scant, however.

The post Adidas Originals announces partnership with Coinbase appeared first on The Block.

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MoonPay has quietly set up a concierge service to help celebrities buy NFTs

Crypto payments firm MoonPay has quietly launched a new concierge service to help celebrities and the super-rich buy NFTs and crypto.  

The post MoonPay has quietly set up a concierge service to help celebrities buy NFTs appeared first on The Block.

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Council of the European Union moves forward on two crypto proposals

The Council adopted two proposals for digital assets today focused on consumer protection and mitigating cyber threats.

The post Council of the European Union moves forward on two crypto proposals appeared first on The Block.

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ELI5 the Ethereum Merge

Quick take

  • The Ethereum network currently secures over $1T of value.
  • Transitioning from proof-of-work to proof-of-stake is critical for the long term scalability and sustainability of the network.
  • Hot swapping of the protocol’s consensus mechanism will take place through a process referred to as “the Merge”, which will be discussed here.

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