DiFy.Finance (YFIII) är en utvecklingsprogramvaruaffär för Yearn.Finance (YFI)

DiFy.Finance, liksom YFI, plattformen den bygger på, är en miljö med decentraliserad finansiering (DeFi) utlåningsaggregat: det tillåter användare att tillhandahålla likviditet för ekosystemet genom att parkera sina kryptokurrency-tokens i ett smart kontraktsvalv och tjäna ränta i utbyte .

På grund av att det är en samlare av utlåningstjänster kan YFIII-användare optimera sina ränteavkastningar på ett automatiserat sätt genom att ofta balansera sina investeringar mellan tillgängliga alternativ.

Vad gör DiFy.Finance unikt?

DiFy.Finance är en del av den större trenden med decentraliserad finansiering: en bransch som är fokuserad på att bygga decentraliserade finansiella instrument ovanpå befintliga kryptovalutor med smarta kontrakt. Dessa instrument inkluderar utlåning av kryptovaluta, försäkringar, decentraliserade börser och andra användningsfall.

Från och med oktober 2020 är det en snabbt växande industri med över 10 miljarder dollar i låsta tillgångar, upp från drygt 500 miljoner dollar i oktober 2019.

YFIII är specifikt en samlare av utlåningsplattformar för kryptovaluta, samma som plattformen den gafflades från – yearn.finance. Det gör det möjligt för användare att sätta in sin kryptovaluta, som omvandlas till yTokens – skyldigheter på blockchain som är säkrade med säkerhet i en annan kryptovaluta. Dessa tokens parkeras sedan automatiskt i olika DeFi-utlåningstjänster för att maximera långivarnas vinst i form av intresse.

YFIIIs unika fördel, och anledningen till att gå bort från YFI, är att ge en mer optimerad kryptolånupplevelse för mobila plattformar.

Hur många DiFy.Finance [YFIII] -mynt finns det i omlopp?

YFIIIs maximala utbud är begränsat till 30000 tokens, som alla är öppna för att distribueras öppet bland de direkta deltagarna i ekosystemet utan någon pre-försäljning / ICO-scen. Enligt teamet bakom projektet har inget av YFIII-tokens fördelats till teammedlemmarna.

Hur är DiFy.Finance-nätverket säkrat?

YFIII, precis som projektet det bygger på – yearn.finance – är byggt ovanpå Ethereum blockchain, vilket innebär att dess nätverk är säkrat med samma hashfunktion som ETH – Ethash. Ethash är en proof-of-work-funktion som tillhör Keccak-familjen med hashfunktioner.

DiFy.Finance – Farm:

DiFy.Finance – Farm erbjuder kryptovalutahållare att slå samman sina tillgångar för att ge en stor pool av likviditet för alla som vill byta ut denna tillgång, som avkastning får han en lukrativ belöning direkt i plånboken.

DiFy.Finance – Insats:

Det är en modern plattform som gör det möjligt för DiFy.Finance- och YFIII-tokeninnehavare att lagra sina tillgångar i ett specialdesignat kontrakt. Lagringsprocenten ställs in automatiskt beroende på priset på de underliggande tillgångarna och antalet tillgångar i poolen

DiFy.Finance – Låna:

DiFy.Finance-ekosystem lånar – Låntagare kan låna tillgångar på ett övercollateraliserat (evigt) sätt genom att välja USDT (Tether), Ethereum (ETH) eller DAI och tjäna YFIII som belöning för att använda protokollet.

DiFy.Finance – Rösta:

DiFy.Finance – Vote erbjuder en decentraliserad plattform som gör att samhället kan utföra omröstning via kedjan. Alla dessa röstdata är registrerade på blockchain som fungerar som en decentraliserad, oföränderlig storbok och lämnar ingen plats för byråkratisk manipulation eller riggning.

DiFy.Finance – Vault:

DiFy.Finance – Vault är ett protokoll som automatiserar avkastningen. Det använder AI och BigData för att leta efter innovativa jordbruksstrategier, med målet att ge maximal avkastning till samhället.

IMF: Spain, the economy hardest hit by the coronavirus

The effects of the coronavirus have been seen throughout the Iberian Peninsula.

According to its latest report, the International Monetary Fund (IMF) has announced that Spain is the worst of the advanced economies in 2020, with a forecast fall in gross domestic product (GDP) of 12.8 percent. It seems that the IMF is somewhat more pessimistic in this respect than the Spanish government, which is forecasting a contraction of 11.2 percent. In the case of several countries, estimates have improved. Four months ago, for example, estimates for the United States, Germany, France and Italy predicted deeper falls. However, today the figures are better than previously announced. Spain is the big exception. In your case, the situation is worse than expected. Why?

The Fund now forecasts a contraction of 12.8% compared to 8.3% for the euro area as a whole. Spain maintained three months of confinement last spring and had a disastrous summer for tourism. Now, to make matters worse, the upsurges are all over Spain, attacking the population mercilessly. The restrictions on mobility directly affect travel, tourism, hotels and consumption in general. In other words, the Spanish economy is at the mercy of the virus. If contagion subsides and the economy returns to normal sooner than expected, the IMF’s estimates could prove to be an exaggeration. On the other hand, if the pandemic worsens, these same estimates could fall short.

Of course, Spain is not on the list of the worst in the world. The Fund forecasts setbacks of 13.9 percent in Peru, 25 percent in Venezuela, 25 percent in Lebanon and 52 percent in Macao. However, no one will fall as much in Europe as Spain. Only San Marino (-11%) and Italy (-10.6%) are relatively close.

The impact of this crisis on world GDP has been tremendous. This has not been seen in the last 90 years. And the consequences on the labour market have been dramatic. According to the IMF, the unemployment rate in Spain will rise to 16.8% by the end of this year and the figure could remain the same at the beginning of 2021. This crisis is undoubtedly hitting low-income workers, young people and women a little harder.

In this regard, the economic recovery is likely to be long, uneven and uncertain. That is why it is important to maintain the liquidity injections to help the most affected enterprises and families. And it is vital to be flexible with debt holders and tax payers. Many promote absolute austerity at times like these, justifying the measure as a monetary good. The free market and the harshness of the currency above all. But such measures carry a very large humanitarian and economic cost.

Now, why Spain? First of all, practically one-third of Spain’s gross domestic product comes from activities dependent on mobility and agglomeration. Tourism, hotels, restaurants, etc. In other words, it is not entirely untrue to say that Spain is a great party. The coronavirus has been fatal for Spain due to the economic configuration of the country. Overdependence on tourism has been its condemnation. This reminds us of the importance of diversification.

Of course, part of the problem lies in the country’s economic structure, which is based on a medium or low value-added production model. This is the contrast with countries like Germany. Despite the fact that this crisis has distorted production and distribution chains in many sectors, in general terms, industry has not suffered as much. This could explain the advantageous situation of China, which is technically not in recession, with an estimated economic growth for this year of 1.9%.

In the opposite situation, we have most of the Latin American countries whose main economies depend on the export of raw materials. The crisis in Latin America is worse than in Spain. In this case, tourism is not so important. It is important, but the prices of raw materials on the international market in the region play a much more decisive role. Oil-exporting countries are being particularly hard hit. And countries with close relations with Asia are slightly better off.

Returning to the Spanish case, there is a third factor that could explain the particular vulnerability of the Spanish economy. This is its lack of uniformity. In Spain, there are regions with an unemployment rate of two percent and others with an unemployment rate of 40 percent. In all countries, you can see a kind of dual economy. This is the economy of the large urban centres and the economy of the peripheral regions that do not enjoy the same prosperity. The problem is that in Spain this is happening to an extreme degree. The reality in Madrid or Barcelona is radically different from the situation in places like Jaén or Cádiz.

The crisis of political leadership during this crisis has been evident. The Spanish government does not appear to be in control of the situation. In other words, this has got out of hand. It could be said that the crisis is threefold: health, economy, and politics. All this has exposed the old flaws in the Spanish economy. Obviously the country needs a plan.

Now, what can we individuals do? Beyond spending less and producing more, the average person can look for opportunities in the digital economy. It is also possible to find opportunities for arbitrage, taking advantage of the price distortion in world trade. Not to mention the opportunities to buy at excellent prices in some areas. Not everything is negative in this type of crisis.

The IBEX 35 has not recorded the same recovery as the S&P 500. This means that we cannot say that Spain is in the middle of a financial bubble. In other words, there are opportunities everywhere. It is possible that many companies will be in discount. Suddenly, it’s a good time to buy.

Despite the crisis, the Crypto Cash and fintech sector in Spain seems to be in good shape. Reports are very encouraging. Of course, some offices have been forced to make some layoffs, but, in general terms, Spanish start-ups are weathering the storm with great resolve.

The coronavirus has hit Spain very hard. Things are not easy. But the secret to overcoming a crisis is not discouragement. In fact, quite the opposite. We have to work harder than before to alleviate the situation. Crises also bring opportunities. It is a question of working hard and being vigilant. Crises come, but then they go. The secret is to keep fighting.

France: Sorare sold € 170,000 in football cards in 7 days

Sorare is a blockchain-based fantasy soccer game.

Crypto Cash have completed more than 3,500 transactions for a value of 170,000 euros.

The Trust Project is an international consortium of news organizations based on transparency standards.

Sales record

Sorare has already sold more than 2.5 million euros in professional player cards. The site’s exchange volume increased from 25,000 euros in December 2019 to 760,000 euros in September.

Sales hit a new record in the last 7 days. According to the analysis site Nonfungible.com , users have carried out more than 3,500 transactions for a value of 170,000 euros . The average sales value reaches 58 dollars.

More surprisingly, player cards have even sold for over $ 7,000 as we can see below.

Paris Saint-Germain captain Marquinhos‘ single card traded for $ 7,800 at the start of October.

Prestige partnership

Recently, Sorare announced the signing of a license agreement with Paris Saint-Germain allowing the French startup to exploit the image of the club’s players in its game.

Sorare has a large user base, particularly in Asia and the United States, priority markets for the Paris Saint-Germain brand , which is one of the fastest growing sports franchises in the world.

Sorare currently has 100 officially licensed clubs . Last year, top clubs like Atlético de Madrid, Juventus and AS Roma had already joined the platform.

After the raid by the US authorities, heads are falling at the Bitcoin giant BitMEX

The 7 Plagues of BitMEX – Fate continues to befall the leaders of the BitMEX platform. While its founder, Arthur Hayes, had to quit his position as CEO, the technical director of the crypto-exchange was arrested and then released on bail.

Arthur Hayes will no longer run BitMEX

On October 1, the US CFTC undermined the cryptocurrency derivatives platform BitMEX . The financial policeman has indeed filed a complaint on 3 charges against the leaders of crypto-exchanges.

In addition to causing a capital flight of $ 570 million in bitcoin (BTC), it completely called into question the management structure of 100x Group , the parent company of the crypto platform.

According to a statement published on the Bitcoin Profit app Vivien Khoo , the group’s former COO, becomes the new interim CEO .

“These changes in the direction of our company allow us to focus on our core business, which is to offer trading services to all our clients through the BitMEX platform (…). To us, business is business and we thank all customers for their continued support. »- David Wong, CEO of 100x Group

As this publication explains, „Founders Arthur Hayes and Samuel Reed have stepped back from their responsibilities as a general manager . “ The latter was also arrested by the authorities of the US state of Massachusetts, the day of the announcement of the complaint from the CFTC (October 1).

Samuel Reed released for $ 5 million

BitMEX’s now ex-CTO, Samuel Reed , was released on probation 2 days after his arrest, according to a crypto-media publication The Block.

Indeed, the District Court of Massachusetts would have approved on October 3 his request for release on bail , request that Samuel Reed had formulated upon his arrest.

Although in the amount of $ 5 million , the bond was only secured by a deposit of $ 500,000 in cash . According to The Block again, „the passports of Reed and his wife were also seized“ .

In exchange for his release, Samuel Reed also agreed to appear in court on his own for all legal proceedings and, if found guilty, to surrender to serve his sentence.

Even if, for now, “ business is business “ for BitMEX, the platform must hasten to put in place regulatory compliance protocols, in particular for the fight against money laundering. As for the 5 founders and ex-leaders of the platform, there is little chance that American justice will leave them alone anytime soon.

Bullen steigen aus BitMEX Bitcoin-Terminmarkt aus

Kryptowährungshändler scheinen Long-Positionen in Bitcoin Perpetual Futures aufzulösen, die an der Krypto-Derivatebörse BitMEX notiert sind, die von den Regulierungsbehörden beschuldigt wurde, illegale Transaktionen in den USA zu erleichtern.

Am Donnerstag reichte die U.S. Commodity Futures Trading Commission (CFTC) eine Zivilklage gegen die Börse ein, während das Justizministerium (DOJ) Strafanzeige erstattete und vier Gründer und Führungskräfte von BitMEX beschuldigte, sich den Regeln zur Verhinderung von Geldwäsche zu entziehen.
Seit den Ankündigungen hat BitMEX nach Angaben des Blockchain-Nachrichtendienstes Chainalysis einen Abfluss von mehr als 40.000 Bitcoins erlebt, die nach Angaben des Blockchain-Nachrichtendienstes Chainalysis derzeit mehr als 422 Millionen Dollar wert sind.
Offene Positionen in BitMEX-Futures sind seit den Ankündigungen von CFTC und DOJ um mehr als 22% von 592 Millionen Dollar auf 460 Millionen Dollar zurückgegangen und liegen mehr als 50% unter dem Höchststand von 1 Milliarde Dollar vom 1. September.

Laut der Datenquelle Skew ist die annualisierte rollierende Dreimonats-Perpetuals-Basis (Futures ohne Verfall) in den letzten 24 Stunden von 6% auf 1,84% zurückgegangen.
Die Basis bezieht sich auf die Differenz zwischen dem Futures-Preis und dem Spot-Preis.
Im Wesentlichen ist die BitMEX-Futures-Prämie in den letzten 24 Stunden von 6% auf 1,84% zurückgegangen. Mit anderen Worten, die Long-Positionen werden abgebaut.

Futures werden in der Regel mit einem Aufschlag auf den Spotpreis gehandelt, und der Netto-Kaufdruck für Futures bestimmt den Aufschlag.

Die Differenz zwischen der von anderen Börsen und BitMEX angebotenen Prämie hat sich in den letzten 24 Stunden vergrößert.
Das deutet darauf hin, dass die Händler ihre zinsbullischen fremdfinanzierten Positionen dringend von der BitMEX entfernen müssen, die sich in einem langen, langwierigen Kampf mit den US-Regulierungsbehörden befinden könnte.
„BitMEX, mit über 70 Milliarden Dollar Monatsumsatz, verfügt über genügend Ressourcen, um weiterhin mit der CFTC und dem DOJ zu kämpfen und mit den besten Anwälten der Branche zusammenzuarbeiten. Sie haben bereits angekündigt, die Anschuldigungen zu dementieren, und dies könnte sich zu einem ziemlich langen Kampf entwickeln“, sagte Alex Melikhov, CEO und Gründer von Equilibrium und der EOSDT stablecoin.
Der Marktanteil von BitMEX ist jedoch rückläufig.

„Das Open Interest nimmt seit Anfang September ab, und die Bedeutung von BitMEX wird immer geringer“, sagte Patrick Heusser, Senior Cryptocurrency Trader bei Crypto Broker AG in Zürich, gegenüber CoinDesk in einem Twitter-Chat.

Bitcoin hat sich angesichts eines düsteren Nachrichtenzyklus gut geschlagen, während das stabile Münzvermögen im Krypto-Ökosystem weiter wächst.

Bitcoin (BTC) handelte um 10.515 Dollar per 20:00 UTC (16:00 Uhr ET). Rückgang um 0,44% gegenüber den vorangegangenen 24 Stunden.
Die 24-Stunden-Reichweite von Bitcoin: $10.362-$10.667
BTC über seinem gleitenden 10-Tage-Durchschnitt, aber unter dem 50-Tage-Durchschnitt, ein Seitwärtssignal für Markttechniker.

Der Preis von Bitcoin stolperte in den frühen Morgenstunden des Freitags und fiel an Spot-Börsen wie Coinbase gegen 5:00 UTC (1:00 Uhr ET) auf bis zu 10.362 $, bevor er bis zum Redaktionsschluss auf 10.515 $ stieg.

Trotz des kontinuierlichen Stroms negativer Nachrichten in der vergangenen Woche blieben die Krypto-Märkte widerstandsfähig, so Zachary Friedman, Chief Operating Officer des Brokerage-Unternehmens Global Digital Assets.

„Wenn wir zurückblicken, haben wir einen Hack von Kucoin, eine große BitMEX-Klage und sogar Ärger auf den traditionellen Märkten durch die Ankündigung gesehen, dass [US-Präsident Donald] Trump COVID-19 unter Vertrag genommen hat“, sagte Friedman. „Historisch gesehen hätten diese drei kollektiven Ereignisse die Märkte ins Taumeln gebracht. Dies zeigt, dass der Markt zunehmend mit mehr bullischen Anlegern gefüllt ist, die an die Fundamentaldaten glauben.

Der Rückgang von Bitcoin auf 10.362 Dollar am Freitag ist der niedrigste Preis seit dem 24. September, lange bevor der jüngste Strom schlechter Nachrichten einsetzte, und vielleicht ein Zeichen für die Fähigkeit der ältesten Kryptowährung der Welt, sich schnell zu erholen.