DeFi growth boosts oracle market competition — RedStone co-founder
As DeFi expands, the oracle market faces new competition from emerging providers challenging established players like Chainlink.
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Japanese Banking Giant MUFG to Issue Its Own Stablecoin in H2 2020
Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020. 659 Total views 12 Total shares Mitsubishi UFJ Financial Group, or MUFGt, the fifth largest bank in the world, is reportedly planning to issue its own digital currency in the second half of 2020.Initiated…

Vitalik Buterin: L2s are ‘cultural extensions’ of Ethereum
Buterin said Ethereum layer 2s have become “the ultimate playing field for action” from institutional profit-oriented groups and people buying pictures of monkey NFTs.

LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST. 778 Total views 10 Total shares Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5…

1M Aussies will enter crypto over the next 12 months — Swyftx survey
Approximately one million Australians will purchase cryptocurrency for the first time over the next 12 months — bringing total crypto ownership in the country to over five million — according to a newly released survey.The findings came from the second Annual Australian Crypto Survey by Australian crypto exchange Swyftx, which was conducted by research firm…

Post-Christmas miracle as Bitcoin ETFs clinch inflow after 4-day bleed
US spot Bitcoin ETFs notched a positive net inflow after four trading days that bled over $1.5 billion.

BTC Price Rebounds From $7,700: Crypto Traders Hope for Relief Rally
Subsequent to the recovery of the Bitcoin price (BTC) movement from $7,700 to around $8,200 in the past 24 hours, technical analysts anticipate Bitcoin and other major crypto assets to recover in the short term.Speaking to Cointelegraph, crypto trader Nick Cote said that there are plenty of times when the price history was at $7,600,…

Novogratz Launches Two New Bitcoin Funds Targeting ‘Wealth of America’
Michael Novogratz’s crypto merchant bank Galaxy Digital is launching two Bitcoin (BTC) funds, targeting people between the ages of 50 and 80. The new funds aim to bring “the wealth of America,” or people who may have largely remained out of crypto investing, to cryptocurrency markets, Novogratz told Bloomberg Nov. 19.According to Bloomberg, the funds…

Yam Suffers Technical Outage Following Scam Accusations
Yam Finance uncovered a bug the day after ShapeShift CEO Erik Voorhees called the project a scam. Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem. "We have found a bug in the rebasing contract," the project said in an Aug. 12 tweet. "All funds…