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Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors – Defi Bitcoin News

On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized stablecoins have been moving in on these

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Globetrotting Binance looks to Ireland for ‘centralized’ headquarters

Under pressure from regulators around the world, major exchange Binance is looking to establish a headquarters in Ireland. Until now it has operated globally for years under what its chief executive, Changpeng Zhao (CZ) has described as a “decentralized” structure.An Oct. 6 report from Irish media outlet Independant noted that

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$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues.According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on

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SEC boss says DeFi platforms are ‘highly centralized’ and will need to register

Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in certain aspects and urged projects working in the sector to register with the SEC. Speaking to The Wall Street Journal on Aug. 19, Gensler suggested that the decentralized notions implied by the term

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Decentralized Derivatives Exchanges are not Likely to Disrupt Their Centralized Counterparts in the Short to Medium Term

By Bitget CEO Sandra Derivatives products have been playing a significant role in the global finance market. As the concept of decentralization experienced rapid development and gradually gained wider recognition among users in recent years, decentralized derivatives trading has naturally become one of the most promising markets. So is it possible

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Data Shows Ether (ETH) Supply on Centralized Exchanges at a 3 Year Low

Data from cryptocurrency intelligence firm OKLink indicates that ether (ETH) supply on centralized exchanges is at a 3-year low. Ether’s Scarce Supply Among CEXs Ether (ETH), the cryptocurrency powering the vast majority of the rapidly developing digital assets space has hit a 3-year low supply at all centralized exchanges, data from OKLink

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