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🚀 Report Says you'll only Earn 2% from Lending on DeFi
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🚀 Report Says you'll only Earn 2% from Lending on DeFi
| | | Remember This Poster? bitcoin's Median Price hasn't stopped increasing since 2010 |
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| | 🔼 Beam Conducts First Hard Fork Away From ASICs
"The new BeamHash II algo is about 30% more efficient then Beam Hash I. In the fork we have also added support for Laser Beam (Lightning Network version in Beam)." - CTO Alex Romanov said
Going forward, Romanov says the foundation is focusing on the consumer side following this miner-focused hard fork.
Roadmap includes atomic swaps, confidential asset development, hardware wallet integration with Trezor, and general wallet improvement.
| | ⚙️ Dash Releases Upgrade In Response to Newly Exposed Vulnerabilities
Dash (DASH) has released Dash Core v0.14.0.3, a new version of the wallet and P2P client.
According to a blog post, Dash was hit with either an external stress test or attack on Wednesday and Thursday this week.
The developer subsequently discovered multiple issues, the upgrade is reportedly designed to address some of these vulnerabilities.
| | 📉 Crypto Lenders Have Earned Just 2% on $4.7 Billion in Loans: Report
A lot of loans have been made in crypto, but lenders have not reaped a lot of profit.
A report by GreyChain estimated that $4.7 billion has been lent out over the history of the sector, but only $86 million has been earned back in interest.
The amount represent 1.8% in lender's profit, despite loan takers having to pay upwards of 6% for their loans.
While the report suggests that the crypto lending industry has not been lucrative thus far, it does show that there is a strong demand for the business.
| | 🦁 Brave Browser Adds Access to New Crypto Wallets
Support for native cryptocurrency wallets was added to Brave Nightly, Brave's test and development build where beta-testers iron out potential bugs.
The update allows other cryptocurrency wallets - particularly MetaMask, to be used with Brave's BAT.
However, all transactions must first undergo KYC requirements via Uphold, a custodial wallet provider.
Co-Founder Brendan Eich stated that KYC was intentionally designed due to regulatory concerns.
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