Mike Novogratz : Mark Cuban ne devrait pas accepter Doge

Il a récemment été annoncé que Mark Cuban – le milliardaire propriétaire de l’équipe de basket-ball des Mavericks de Dallas – autorisera l’utilisation de Dogecoin pour l’achat de billets et de marchandises liées à l’équipe. De nombreux analystes et experts de l’industrie voient cela comme un geste positif, mais Mike Novogratz – un investisseur milliardaire et ancien gestionnaire de fonds spéculatifs – est moins que satisfait de cette idée.

Mike Novogratz est contre les pièces de monnaie

Le Cubain n’a jamais vraiment pris le bitcoin ou la cryptographie au sérieux, même en déclarant dans le passé qu’il préférait les „bananes“ au bitcoin. Cela dit, il reconnaît qu’il y a un public pour la cryptographie et que beaucoup sont impatients d’utiliser la cryptographie plutôt que l’argent liquide ou les cartes de crédit. Ainsi, il a rapidement autorisé le paiement de bitcoins pour la vente de billets et de marchandises autour des Dallas Mavericks.

Maintenant, il semble que Dogecoin va rejoindre les rangs comme méthode de paiement officielle pour l’équipe, ce que Novogratz remet sérieusement en question. Novogratz a toujours été un grand fan des bitcoins et respecte la technologie qui se cache derrière la plupart des cryptocurrences. Cependant, lorsqu’il s’agit de Dogecoin, il ne peut pas se laisser distancer par un actif qui a commencé comme une blague.

Dans une récente interview, il a déclaré:

Mettons les gens dans les meilleures choses les plus sûres, pas dans ces pièces de plaisanterie. Je pense que Mark fait une erreur. Il serait mieux s’il disposait de 15 autres moyens de payer ses billets.

Dogecoin est souvent reconnu par le mignon petit chien Shiba Inu qui lui sert de mascotte. Bien qu’il n’ait pas la même réputation que le bitcoin ou l’Ethereum, on peut dire que Novogratz ne tient probablement pas compte de tous les éléments du Dogecoin, car cet atout a connu un essor considérable ces derniers temps.

Le mois dernier encore, la monnaie de la plaisanterie a fait un bond de plus de 300 % après que plusieurs rédacteurs en chef se soient associés aux médias sociaux pour pomper l’actif. En outre, la monnaie a attiré à plusieurs reprises l’attention de personnes comme Elon Musk, l’entrepreneur sud-africain à l’origine d’entreprises de plusieurs milliards de dollars comme Tesla et SpaceX. On a même entendu dire à un moment donné que Musk serait le nouveau PDG de la monnaie, mais cela n’a jamais été le cas.

Pourtant, on peut dire beaucoup de choses sur une monnaie qui a commencé comme elle l’a fait et qui a finalement ouvert la voie à une valorisation d’un milliard de dollars. Novogratz, en revanche, ne voit pas les choses de cette façon. En fait, il a gagné des tonnes d’argent dans le passé en pariant contre Dogecoin et en prétendant qu’il allait tomber. Il dit que la monnaie a apparemment fait son chemin dans le cœur de plusieurs jeunes investisseurs, mais que ce sont eux qui risquent de perdre le plus s’ils écoutent ces sentiments, et que s’ils doivent passer à la crypto, le bitcoin est la meilleure réponse.

La CTB est toujours le roi dans son esprit

Il dit :

La menace existentielle de la non-réalisation du bitcoin a disparu. Toutes les institutions du monde y participent.

Crypto analysts on Bitcoin record run: „Bulls are still fully on the trigger“

The experts see no real reasons for the market-leading cryptocurrency to decline anytime soon.

In the past 24 hours, Bitcoin ( BTC ) has climbed almost to $ 50,000, largely due to the $ 1.5 billion investment by the innovative automaker Tesla this week

Although the market-leading cryptocurrency has now climbed more than 100% above its previous record high of almost 20,000 US dollars from 2017, the crypto trader under the pseudonym „Cheds“ is confident that the current run will lead even further upwards becomes.

„I believe that many people here hope for a ceiling or at least persuade themselves that it has to come because the price has risen so rapidly so quickly,“ as the expert, who focuses on technical analysis, explains to Cointelegraph.

In December 2020, Bitcoin System had jumped $ 19,892 from 2017 , followed by a dramatic increase to $ 41,981 in January 2021 .

After a short turnaround, the crypto market leader was able to increase to a new high of 48,911 US dollars on February 11

“In my opinion, the bulls are still fully on the trigger, with new reports every day of further interest from institutional investors and increasing demand, which will further fuel the current soaring,” said Cheds. In fact, more and more mainstream players are currently getting into Bitcoin. With an investment of 1 billion US dollars , the software manufacturer MicroStrategy was until recently the largest entrepreneurial investor before the car manufacturer Tesla now deserves this honor. However, many other companies have now also invested in the crypto market leader .

„If some people think that Bitcoin will now fall because of the new Canadian Bitcoin ETF or the Chinese New Year, then that’s just an excuse they need because they want to sell anyway,“ as the expert classifies the prophecies of doom of the critics. He is referring to the latest news that Canada approved the first North American Bitcoin index fund yesterday .

„Yesterday we reached a new record high of 49,000 US dollars,“ as trader CryptoWendyO confirms her colleague’s optimism. „However, we are having a hard time breaking the 50,000 US dollar mark,“ the expert continues. However, she then adds:

„The 50,000 are inevitable, but over the weekend we should keep an eye on the $ 44,700 area first unless we get a tweet from Elon Musk that catapults #Bitcoin to $ 54,000.“

The Tesla boss had already “ twittered “ about cryptocurrencies in the past few days , but recently he especially fueled the Dogecoin ( DOGE ).

Un ancien responsable du cyber-espionnage britannique

Un ancien responsable du cyber-espionnage britannique demande une modification de la loi pour mettre fin aux paiements de rançon de Bitcoin

Un ancien chef de la cybersécurité britannique a fait part de ses inquiétudes quant au fait que les incidents de rançon sont sur le point de „devenir incontrôlables“. Ciaran Martin a également appelé à l’adoption de lois pour empêcher les gens de payer des bitcoins aux cybercriminels.

La plupart des cybercriminels sont basés en Russie

Au cours d’une interview accordée au Guardian, M. Martin, qui était à la tête du Centre national de cybersécurité (NCSC), a souligné que les compagnies Bitcoin Up d’assurance financent indirectement le crime organisé dans les cas de rançon.

Martin pense que les demandes de rançon des compagnies d’assurance contribuent à perpétuer le cercle criminel. De plus, l’ancien responsable de la cybersécurité affirme que les systèmes de santé nationaux pourraient être touchés par de telles attaques pendant la pandémie :

Je pense que cela peut être évité. Actuellement, les entreprises sont incitées à payer des rançons pour s’assurer que tout cela disparaîtra… Il faut envisager sérieusement de modifier la loi sur les assurances et d’interdire ces paiements, ou, à tout le moins, d’organiser une grande consultation avec le secteur.

Selon l’ancien responsable du NCSC, le problème réside dans l’absence d’obstacles juridiques qui empêchent les entreprises de payer des rançons.

Le Guardian le cite en disant que la plupart des acteurs de la menace viennent de Russie et de certains autres anciens États soviétiques. „Les gens paient des bitcoins à des criminels et réclament de l’argent“, a ajouté M. Martin.

Les lois britanniques n’interdisent pas le paiement de rançons aux cyber-gangs

Bien que les lois britanniques interdisent strictement le paiement de rançons aux terroristes, la règle ne couvre pas les cybercriminels. Le rapport donne l’explication suivante :

Les lois britanniques sur l’extorsion de fonds interdisent le paiement de rançons aux terroristes, et ont été élaborées en grande partie en réponse à la menace d’enlèvement. Mais les cyber-attaques ne sont pas menées par des groupes terroristes, et il n’y a donc aucun obstacle au paiement de rançons – et il est possible de faire une demande d’indemnisation si aucune donnée personnelle n’est impliquée.

Selon un rapport partagé avec news.Bitcoin.com, le laboratoire de logiciels malveillants Emsisoft a déclaré que 2020 était une autre „année phare pour les cybercriminels“ lors d’incidents liés à des rançons aux États-Unis.

Par ailleurs, une étude de la société d’analyse de chaînes de blocs Chainalysis a révélé que la criminalité liée à la cryptocriminalité a considérablement diminué. La part criminelle de l’ensemble des activités de cryptographie est tombée à seulement 0,34 % en 2020.

Pornhub now accepts XRP, NBB, USDC and DOGE

Pornhub users can now pay for the site’s premium services with 4 new cryptomonnages, the XRP, the BNB, the USDC and the DOGE.

Pornhub now accepts XRP, BNB, USDC and DOGE.

Pornhub adds 4 cryptomonnages
Four major crypto-currencies have just found a new use case, and not the least. Binance’s BNB, Ripple’s XRP, USDC stablecoin and Dogecoin (DOGE) are now accepted as payment by the adult entertainment site Pornhub.

These recent additions were discovered by the media outlet The Block, which reports that the Dash and PumaPay crypto-currencies have been withdrawn after they were added in mid-December 2020.

These are now 16 cryptomoney that can be used to pay for Pornhub’s premium services. Here is the complete list:

Pornhub Cryptomoney

List of cryptomonnages accepted by Pornhub

These additions are not insignificant, and follow a fierce controversy against Pornhub, which led to the complete withdrawal of Mastercard and Visa. Since last December, Pornhub users can no longer use their bank cards to access premium services.

For those residing in the United States, the United Kingdom or Singapore, only cryptomoney can currently be used as a means of payment on Pornhub. In other countries, including those in Europe, the use of a bank transfer is still possible.

With more than 130 million visitors per day, Pornhub is the 11th most visited site in the world, ahead of Netflix. There is no doubt that the addition of new encryption systems is contributing to their adoption, in its own way.

Changpeng Zhao, CEO and founder of the Binance exchange, commented on this discovery on Twitter :

„No more use cases [for the NBB]. A friend told me, I am not *too* familiar with this topic. »

Bitcoin overtakes Warren Buffett firm Berkshire Hathaway by market capitalization

Bitcoin is getting closer and closer to the $ 30,000 mark and interest in it is growing.

Bitcoin ( BTC ) has recorded the highest transaction volume since the beginning of 2018. Data suggests that more and more investors are entering the market.

Figures from the on-chain analysis resource Digital Assets Data show that the second largest Bitcoin Code transaction volume was reached in December 2020.

BTC transaction volume hits record

The volume stands at $ 252.37 billion and in the final hours of December that number could rise even further.

Bitcoin transaction volume 1-month chart. Source: Digital Assets Data
Other indicators, such as the number of unprocessed transactions in the Bitcoin mempool and network transaction fees , also point to increased activity overall.

As Cointelegraph reported , there are more and more wallets with large and small stocks.

Meanwhile, Google Trends has recorded the highest number of searches worldwide for the term „Bitcoin“ since February 2018.

According to mainstream sources and seasoned crypto traders, the reason for this is because of the bull market that has continued this week . As of press time, Bitcoin was up to $ 29,300.

At $ 539 billion , the largest cryptocurrency surpassed the market cap of financial giant Berkshire Hathaway yesterday. Its CEO Warren Buffett once described Bitcoin as a „rat poison squared“.

Ether: Still very strong development

Despite its 290 percent growth since the beginning of the year, Bitcoin is dwarfed in comparison to the development of the largest altcoin, Ether ( ETH ). As confirmed by Digital Assets Data, the ETH / USD pair has gained nearly 500 percent since January 1st. Compared to the lows in March, the trend is even stronger.

In a series of tweets on Wednesday, Bobby Ong, creator of the price data website Coingecko, made his predictions for the crypto market in 2021. Among the large tokens, Ether is expected to record higher transaction fees again, but surpass its existing all-time high from 2018.

„ETH will break the all-time high of $ 1,500, mainly driven by the DeFi space. Gas charges will skyrocket again, showing problems with scalability,“ he wrote .

„We will spend most of the year coordinating a second tier scalability solution. I believe ZK Rollup will gain traction towards the end of the year.“

For Bitcoin, Ong predicts a price trend in the direction of 100,000 US dollars. In addition, there should also be the introduction of an exchange-traded fund and the first central bank should include Bitcoin in its holdings.

No, il giocatore della NFL Russell Okung non viene pagato in Bitcoin

„Russell Okung dei Panthers diventa il primo giocatore della NFL ad essere pagato in Bitcoin“, ha proclamato il titolo – e presto, quelli come lui hanno iniziato a spuntare sul web, con pubblicazioni sportive, pubblicazioni tecnologiche e media mainstream che saltano per raccontare come il lineman offensivo dei Carolina Panthers ha finalmente soddisfatto il suo desiderio espresso di essere pagato in criptovaluta.

Purtroppo, il titolo non è vero. „Non è vero“, mi dice un portavoce della NFL, aggiungendo che „la sua gente sta convertendo parte del denaro in bitcoin“ dopo che è stato pagato in dollari americani, proprio come ogni altro giocatore della NFL.

PIÙ COME „IL GIOCATORE DELLA NFL DECIDE DI SPENDERE METÀ DEL SUO STIPENDIO IN BITCOIN“.

Anche la squadra di Okung, i Carolina Panthers, ha confermato a The Verge che le squadre pagano i loro giocatori in dollari americani.

Secondo questo standard, chiunque può ottenere il Crypto Cash proprio stipendio „pagato in bitcoin“ quando vuole: basta andare a comprare un po‘ di bitcoin con il proprio stipendio dopo il suo arrivo, che è probabilmente quello che la società che Okung sta pompando – Zap – spera che farai quando vedrai che lo sta reppando online.
Non è chiaro perché Okung abbia scelto questa particolare startup per convertire il suo stipendio (accetta il deposito diretto), o perché abbia twittato quattordici volte questo pomeriggio incoraggiando i suoi seguaci a salire a bordo del treno bitcoin e Zap.

Non rivela alcun tipo di relazione con Zap su Twitter, anche se il fondatore di Zap, Jack Mallers, lo chiama „amico“. (Mallers non ha risposto a ripetute richieste di commenti).

Ma anche se Okung non ha un qualche tipo di accordo con Zap, avrebbe un qualche incentivo finanziario semplicemente essendo un investitore di bitcoin – più la gente si eccita abbastanza per comprare gocce di bitcoin, più alto è il prezzo e più la sua quota vale. (Okung ha convertito la metà del suo stipendio di 13 milioni di dollari in bitcoin, secondo il rapporto Coindesk).

Per generare quel tipo di eccitazione, aiuta avere titoli come „Primo giocatore della NFL ad essere pagato in Bitcoin“ sparsi sul web. Sembra certamente più intrigante di „Il giocatore della NFL decide di spendere il 50 per cento del suo stipendio in Bitcoin“, vero? Sarà interessante vedere se uno di questi titoli cambierà da un giorno all’altro.

Bitcoin al frente y al centro en el informe 2020 Coin Metrics

2020 ha sido un año prolífico para Bitcoin y eso se ha correlacionado con un aumento masivo en la cantidad de direcciones de billetera activas este año.

La información provino del informe State of the Network de Coin Metrics de análisis de criptomonedas , que describió las principales conclusiones del espacio en 2020

Si bien Covid-19 ha paralizado las economías de todo el mundo, el espacio de las criptomonedas ha disfrutado de un período de gran resurgimiento.

Nada más que Bitcoin Profit, que se ha liberado de sus grilletes para establecer nuevos máximos históricos en 2020 .

‚Retorno de Bitcoin‘

La mayor parte del artículo se centra en el año de regreso de Bitcoin y la influencia de la inversión institucional que finalmente ingresa al espacio de las criptomonedas de manera significativa.

El artículo mencionó importantes inversiones de empresas como MicroStrategy, Square, MassMutual y otras instituciones financieras e inversores convencionales que impulsaron el aumento del valor de Bitcoin.

Una métrica clave identificada por el investigador de Coin Metrics, Nate Maddrey, fue el número de direcciones de Bitcoin activas, que ha experimentado un aumento del 100 por ciento de alrededor de 600.000 direcciones activas a 1,2 millones.

Maddrey también tomó nota de que la recompensa minera de Bitcoin se redujo a la mitad en 2020 teniendo un momento fortuito con las medidas de estímulo fiscal en curso empleadas por el gobierno de EE. UU.

Bitcoin’s price breaks R$ 120 thousand and should continue ’strong rise‘, according to Coinext CEO

José Artur bets on the valorization of cryptomoeda and points out that analysts forecasts show that the price of Bitcoin can reach $100 thousand in 2021.

The price of Bitcoin (BTC) broke historical record on Thursday (17), when it was quoted for the first time in the market at $ 120 thousand. According to the CEO of Coinext, José Artur Ribeiro, cryptomoeda should continue a ’strong rise‘ until the end of 2020, and may extend this upward trend until 2021.

In a forecast of Bitcoin Millionaire price in the market, Ribeiro bets that by the end of 2020 cryptomoeda will be quoted above US$ 24 thousand, or a little over R$ 121 thousand.

Bitcoin’s volume of options exceeds US$1 billion for the first time

So, with only two weeks to go, Coinext CEO’s guess crosses 2020 and points out that next year Bitcoin price can reach until US$ 100 thousand in the market, according to analysts forecast.

Bitcoin price will rise

The current scenario of the cryptomoedas market reveals a timely moment of appreciation for the price of Bitcoin. In the last few days cryptomoeda has broken records, not only in reais, but also in US dollars.

Therefore, for the first time in history the price of Bitcoin was quoted above this value, with the historical record being broken in about US$ 20 thousand. Meanwhile, in the BRL/BTC pair, cryptomeda reached R$ 120 thousand.

According to José Artur Ribeiro, the breaking of the resistance in US$ 20 thousand can be considered a „historic milestone for Bitcoin“. In addition, by exceeding this value BTC faces „a totally new terrain“.

„We are in a historic milestone for Bitcoin. Exceeding $20,000, which until then represented a significant resistance, is a totally new terrain for cryptomeda, which could open for a climb in 2021. And this is reflected in reais“.

Forecast for 2021

Soon after breaking US$ 20 thousand in the market recently, this Thursday (17) the price of Bitcoin approached US$ 24 thousand for the first time, at the same time that cryptomeda exceeded R$ 120 thousand in Brazil.

I cover 100% of the loss‘: FoxBit’s CEO launches challenge on Bitcoin price at R$ 120 thousand

Thus, by the end of the year the price of Bitcoin should remain close to the historical top recorded today, for the CEO of exchange Coinext. In other words, the quotation of cryptomeda can remain around US$ 24 thousand in the market.

„My guess is that it reaches the US$ 24 thousand which was almost reached this Thursday (17), or more. I believe that we are at the beginning of a strong rise“.

On the other hand, when talking about how the price of Bitcoin will perform in 2021, Ribeiro points out that there are some forecasts that expect a price of up to US$ 100 thousand.

Bitcoin enters the price predicted by the S2F model and puts BTC target at US$100 thousand in sight

In addition, the CEO of Coinext recalls that currently the price of Bitcoin is experiencing a different moment from that of 2017, when cryptomoeda approached US$ 20 thousand for the first time in the market.

„Some analysts predict that Bitcoin will reach US$ 100 thousand in 2021. Unlike December 2017, in the last Bitcoin ATH, we realized that today the exchanges market has become more professional and clients have much more knowledge about investments in cryptoactives“.

Cryptomoedas in Brazil

The adoption of cryptomorphs in Brazil tends to grow in 2021, according to José Artur Ribeiro’s forecast. Coinext’s CEO is betting on market growth in the country, driven by investments in cryptomaps.

On the day Bitcoin’s price broke the record of US$ 20,000, Coinext traded about 100 BTC units on the exchange. Meanwhile, at the OTC counter, in the last 24 hours the platform traded 120 Bitcoins.

„I believe that the Brazilian market will grow considerably in 2021. Brazilians have started to look more at investments, and cryptomoedas have become more and more part of the portfolio“.

Stanleybet implementiert Beehive Customer Marketing Tools

Der europäische Casino- und Sportwettenanbieter Stanleybet gab bekannt, dass er einen Vertrag mit dem führenden Anbieter für die Optimierung des Spielemarketings, Beehive, abgeschlossen hat. Letzteres soll dem Casino-Betreiber seine CRM-Tools (Customer Relationship Management) zur Online-Implementierung zur Verfügung stellen. Die Vereinbarung sieht vor, dass Stanleybet seine digitalen CRM-Funktionen durch die Installation der Marketinglösungen von Beehive auf seinen Stake7 Plattformen für Italien, Rumänien, Großbritannien, Dänemark und Kroatien verbessert.

Der Deal folgt auf Beehives erfolgreiche Lieferung ähnlicher Marketinglösungen an eine Reihe anderer führender Marken in der Online-Glücksspielbranche

Mit den Beehive-Marketing-Tools kann Stanleybet die Ausrichtung auf neue und bestehende Kunden durch verbesserte Nachrichtenübermittlung, Datenmodellierung von Kunden und Produkten und Segmentierung der Player-Datenbank optimieren .

Darüber hinaus werden die Marketingoptimierungstools von Beehive Stanleybet-Kunden mit angemessenen Marketingbotschaften versorgen, die es dem Glücksspielanbieter ermöglichen, die Kundenbindungsraten zu erhöhen und den Kundennutzen zu maximieren .

Der Gründer und Geschäftsführer von Beehive, Adi Dagan , kommentierte die Vereinbarung, die das Unternehmen mit Stanleybet getroffen hat, um Beehive eine weitere Expansion in wichtige europäische Märkte wie Italien und Großbritannien zu ermöglichen. Der Deal würde es dem Unternehmen auch ermöglichen, seine Präsenz in Märkten wie Rumänien auszubauen, die rasant wachsen.

Dagan räumte ein, dass die Online-Glücksspielbranche von einem harten Wettbewerb geprägt ist. Daher müssen die Betreiber alles tun, um ihre Kunden zu gewinnen, zu halten und zu binden

Der Chief Executive sagte abschließend, dass sie bei Beehive sehr stolz darauf sind, dass Stanleybet seine Marketingoptimierungs-Engine ausgewählt hat, um seine CRM-Funktionen zu verbessern.

Gianluca Porzio, Leiter Online-Betrieb bei Stanleybet, kommentierte, dass sich der Casino- und Sportwettenanbieter für die Verwendung der Beehive-Engine entschieden habe, da dies das einzige Marketingoptimierungs-Tool sei, das speziell für die iGaming-Branche entwickelt wurde . Porzio sagte weiter, die Zusammenarbeit mit Beehive habe sich als großartige Erfahrung erwiesen, da Stanleybet damit seine Online-Aktivitäten effizient ausbauen könne. „Wir haben bereits viel von ihnen gelernt [Bienenstock] und freuen uns darauf, in den kommenden Monaten noch mehr Wissen zu sammeln“, schloss Porzio.

Beehive wurde 2010 von Wett- und Spieleexperten in Tel Aviv gegründet und erlangte schnell den Ruf eines führenden Anbieters von CRM-Lösungen für die Online-Glücksspielbranche. Das Unternehmen hat eine maßgeschneiderte Labs-Plattform geschaffen, mit der Casino-Betreiber die Conversion- und Retentionsraten in ihren Einzelhandels-, Online- und Mobilkanälen steigern können.

Die einzigartige Kundenmarketing-Engine ermöglicht es den Betreibern auch, die Spieler anhand verschiedener Verhaltensmerkmale zu segmentieren und ihnen geeignete Werbeaktionen anzubieten, die ihren Bedürfnissen entsprechen. Beehive hat erfolgreiche Partnerschaften mit einigen der führenden Unternehmen der Online-Glücksspielbranche geschlossen, darunter Microgame, Ladbrokes, Playtech und NetBet .

Decentralized Horror: Roundup of DeFi’s Nightmares of the Year

Decentralized Horror: Roundup of DeFi’s Nightmares of the Year
DeFi has been the driving force behind all things crypto in 2020.

BeInCrypto dug into DeFi nightmares, flash loan scares, smart contract code chills happened this year.

Some have made some sort of profit, but a few have been completely „destroyed“, and that’s where the bad things come in.

Decentralized Finance (DeFi) has undoubtedly been the driving force behind all things crypto this year, but it hasn’t been without its share of horror stories.

Since the season lends itself to it, we’ll dig into DeFi nightmares, flash loan scares, smart contract code thrills, hideous hacks, spooky scams, and terrifying “rugpulls” this year.

Let’s start with the DeFi voucher …

Before we dive into the dark depths of DeFi depravity, let’s start on a positive note. If 2017 and 2018 were the year of ICOs, 2019 was the year of stablecoins, 2020 was definitely the year of decentralized finance.

Billions of dollars in crypto collateral have poured into a rapidly expanding array of decentralized exchanges, automated market makers and liquidity pools, as traders and investors seek better returns on their digital assets.

Since the start of 2020, that figure, known as the Locked-In Total Value (TVL), has jumped nearly 2,000% to $ 12 billion in October . This surge in crypto collateral has made other milestones possible, such as the highest amount of Wrapped Wrapped (or Tokenized) Bitcoin (BTC) at over 147,000 BTC, and nearly 8% of the entire offer of Ether (ETH), or 9 million ETH, locked in DeFi protocols.

DeFi tokens were the best performers of the year, although many corrected heavily over the past month. A few people with big bags already made bigger fortunes, a lot of people made some sort of profit, but a few were completely „destroyed“, and that’s where the bad things come in.

And the bad starts with bZx

The first quarter of 2020 has been a bit quiet for DeFi, but TVL crossed the billion dollar mark for the first time in early February, which was also the same month as the industry’s first high-profile exploits.

The bZx margin lending and trading protocol was the first serious casualty of 2020 with two flash lending exploits that resulted in the loss of nearly $ 1 million in user funds. The malicious actor successfully exploited a low-liquidity Uniswap marketplace to complete a single trade, known as a flash loan, to make a profit of around $ 350,000. A second attack in the week resulted in the loss of an additional $ 600,000 in ETH from bZx, which suspended operations following the exploit.

The exploits created a wave of criticism from DeFi detractors and Bitcoin maximalists at the time, who said that the fact that bZx was able to freeze the platform in both attacks showed that it was ultimately acted as a centralized platform.

Creator of “Black Thursday”

DeFi markets were bubbling well until mid-March, when the global financial and crypto markets collapsed in the wake of the escalating Covid-19 pandemic. Ethereum, which serves as the backbone of the DeFi industry, fell 55% in less than a week, leading to a day dubbed „Black Thursday“ for MakerDAO, the world’s leading DeFi protocol, at the time. .

The Black Swan event resulted in the massive liquidation of the vast majority of Maker Chests, resulting in an under-guarantee of around $ 4 million in Dai. No code was exploited, but many safe deposit box owners lost all warranties, leading to both a class action lawsuit against the Maker Foundation and a management poll to compensate victims. The stability fee has been adjusted and the Dai savings rate has been set at zero, it still has not moved from that level.