DeFi contractionIn the last week of October, DeFi protocol tokens were bleeding red.
MakerDAO, one the largest and most successful decentralized lenders, started the week at $2.1 billion locked in.
In aggregate, DeFi lost $1.5 billion in the last five days of the month, according to DeFi Pulse.
With those losses, October marked the first time since the sector's bull market began that the amount of cryptocurrency "Locked in" DeFi contracted compared in the span of a month.
DeFi's cumulative valuation stood at $11.28 billion on Oct. 1, and only retreated to $11 billion locked up on Oct. 31.
Industry publication Decrypt called the ecosystem's monthly top at $12.4 billion.
With prices reverting back to over $11 billion, it doesn't appear that DeFi is dead. Top shelf.
Digital transfersOver 4 million transactions totaling more than 2 billion yuan have been conducted using China's digital yuan, Yi Gang, governor of the People's Bank of China, said.
Announced via tweet Friday, Maggie Valentine's development work will answer the question: "How can we provide an intuitive experience for non-crypto users while preserving the security of a user's funds?" The award comes less than a month after Square said it had purchased 4,709 bitcoins for $50 million, representing 1% of the firm's assets.
Voted downA proposal to distribute UNI tokens to those left out of a previous airdrop was not adopted in Uniswap's second governance vote.
Blockchain Bites: Digital Yuan's 4M Transactions, Bitcoin's 33-Month High, Uniswap's Second Governance Vote
Published on Nov 2, 2020
by Coindesk | Published on Coinage
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.