DeFi DeBrief #20: $900 million 💸

Welcome to issue #20 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

Gemini chases stuck funds
Is SBF up to his old tricks? 
Binance x Apple Pay

 

Onwards 👇

 

TAKE NOTE
Gemini CEO pens open letter about blocked funds ✍️
One dark cloud still hung over crypto at the end of last year.

Reports …

10 Predictions For Crypto In 2023

Think back to this time last year. 

Bitcoin sat near $50,000. Crypto advertisements graced most sporting events. And non-fungible tokens (NFTs) were sitting pretty.

Despite a January correction (BTC and ETH dropped 20% and 31%, respectively, in the first month of 2022), few people predicted gloom on the horizon; indeed, no one suggested the likes of …

Year In Review: 2022 Was Crypto’s ‘Great Reset’

This year started with such promise.

We entered 2022 with Bitcoin trading near $50,000, Ethereum sitting comfortably above $3,500, and the market looking remarkably healthy.

The prevailing macroeconomic climate made all bets look rosy. An ever-expanding money supply sat atop record-low interest rates, and the stage was set for another year of record growth in crypto.

By …

DeFi 101: How To Secure Your Digital Assets On Elitium This Christmas

Christmas is a little over a week away, and the last thing you’ll want to worry about over the holidays is the security of your digital assets.

That’s why now is the time to double down on your safeguards. It’s the only way you can be 100% sure your investments will be where you left …

DeFi DeBrief #17: The (real) cause of crypto winter 🥶

Welcome to issue #17 of the DeFi DeBrief, your weekly digest of the biggest news in DeFi.

TL;DR:

GBTC’s role in crypto winter
Stripe debuts fiat-to-crypto onramp
Tokenisation is a $16tn opportunity

 

Onwards 👇

 

TAKE NOTE
The collapse of the GBTC premium was the cause 🤯
With all Bitcoin ETFs turned down, a firm called Digital Currency Group (DCG) …

DeFi 101: What Is PancakeSwap?

PancakeSwap is the most popular decentralised exchange (DEX) on BNB Chain (previously Binance Smart Chain). PancakeSwap enables users to swap BEP-20 standard tokens (the ERC20 standard on BNB Chain) quickly and easily.
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Last week, we wrote about automated market makers (AMMs). Automated market makers are the lifeblood of DeFi.

They let users swap tokens quickly …

DeFi 101: What Is An Automated Market Maker (AMM)?

Automated market makers (AMMs) are foundational to decentralised finance (DeFi). They automate the trading of digital assets using liquidity pools containing token pairs, whereas centralised exchanges (CEX) match orders via a traditional order book.
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When you buy or sell cryptocurrencies on Coinbase, the exchange matches your order against other trades in its order book.

Suppose …