Uniswap (UNI) to Be Allocated 49.95% of Grayscale’s New DeFi Fund

Grayscale Investments is has launched a new DeFi fund The DeFi fund will provide investors with weighted exposure to the top 10 DeFi tokens according to market cap They include Uniswap (UNI), Aave (AAVE), Compound (COMP), Curve (CRV), MakerDAO (MKR), SushiSwap (SUSHI), Synthetix (SNX), Yearn Finance (YFI), UMA Protocol (UMA) and Bancor (BNT) Uniswap will be allocated the lions share of the fund at 49.95% Grayscale Investments has launched a new DeFi fund in collaboration with CoinDesk Indexes. The latter is a subsidiary of CoinDesk Inc. and together with Grayscale,…

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Bitcoin’s Address Growth Plateaus as BTC loses $30k Support

The growth of Bitcoin addresses has hit a plateau phase Bitcoin’s daily active addresses have also dropped from April’s peak of 1.366 million There are currently 845k daily active Bitcoin addresses, a drop by 38% from the aforementioned peak Bitcoin has lost the crucial $30k support to post a local low of $29,278 A loss of the $28k support will open the door to more losses to $23k or even $24k The growth of addresses on the Bitcoin network has plateaued. This milestone was identified by Bitcoin and Crypto analyst,…

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MTI Investors Urged to Ignore Fake Bitcoin Recovery Offers

Beleaguered Mirror Trading International (MTI) investors have been told to ignore unsolicited offers from individuals claiming to have the ability to trace and recover their missing bitcoins. This warning from the court-appointed liquidators was made after reports emerged that several MTI investors had received such bogus offers from individuals claiming to be agents for cryptocurrency organizations. Fake Agents According to a report, these so-called agents have been asking MTI investors that may be interested in their services to pay them in bitcoins. However, in his warning to investors, MTI joint…

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MakerDAO to dissolve Foundation and become truly decentralized again

MakerDAO plans to complete its roadmap to decentralized governance with the dissolution of its foundation in the coming months. Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance. A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being “fully self-sufficient” — with its globally distributed community “now responsible for every aspect of the Maker protocol.” “Complete decentralization of Maker means that future development and operation…

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