DeFi News Daily Official TheBitTimes.com

Tokenomics in DeFi: Incentive Design’s Impact on Protocol Growth! In the rapidly evolving world of Decentralized Finance (DeFi), one factor consistently determines whether a project thrives or fades away: incentive design. Well-crafted incentives not only attract users but also sustain long-term engagement, ensuring protocols can scale, remain liquid, and build strong communities. Why Incentives Matter in DeFi Unlike traditional finance, where centralized institutions dictate rules, DeFi protocols rely on token-based economics (tokenomics) to align user behavior with protocol goals. Incentives encourage users to: Provide liquidity to decentralized exchanges (DEXs). Stake or lock tokens for network security. Stake or lock tokens for network security. Participate in governance decisions. Contribute to ecosystem growth through referrals, lending, or yield farming. Without the right incentive model, protocols often face short-term hype followed by rapid decline , commonly known as the “fa...

The crypto market is buzzing with activity today, Jan 11, 2025, as several notable coins are experiencing significant gains. Their collaborations with industry leaders and current price movements indicate positive market sentiment, which signals further growth opportunities. Biggest Crypto Gainers Today- Top List Miota is a unique cryptocurrency designed for IoT, facilitating secure sales and trading data streams without transaction fees. Algorand’s decentralized blockchain platform is known for its rapid transaction speeds and low fees. Cronos is gaining traction for its reduced trading fees and staking rewards. Meanwhile, Cosmos aims to create an interconnected network of blockchains, promoting interoperability and scalability. Join us as we analyze why these tokens are the  top crypto gainers today . 1. Miota (IOTA) Miota is an open-source distributed ledger and cryptocurrency designed for the Internet of Things (IoT). Unlike traditional blockchains, IOTA utilizes a un...

Evan Cheng, a tech expert, CEO of Mysten Labs, slammed the Ethereum Virtual Machine (EVM) as a “fundamentally broken” design. Cheng suggested the only fix to the EVM’s “design tech debt” would be “shooting it in the head and start over.” Notably, Evan Cheng previously worked at Apple and, then, as Head of Research and Development at Novi and Technical Director of Meta – showing an impressive tech curriculum, now in charge of developing the Sui Network (SUI), an Ethereum (ETH) competitor. In a video, shared by Mysten Labs co-founder Adeniyi Abiodun, the CEO technically explains why the EVM design is broken. At the same time, Abiodun supported his colleague, writing this is why they “never prioritized EVM compatibility when building Sui.” Picks for you Are traders heavily shorting Bitcoin? 29 mins ago ...

The cryptocurrency community has long memories, and no story encapsulates this better than the dramatic rise of Bitcoin in the wake of former Canadian Prime Minister Justin Trudeau’s mockery of crypto investments.  What started as a political jab at Conservative Party leader Pierre Poilievre’s pro-Bitcoin stance has now become a cautionary tale about underestimating the resilience of digital assets.  Since Trudeau’s infamous remarks, Bitcoin has surged nearly 400%, leaving many asking, “Who’s laughing now?” Picks for you AI predicts Cardano (ADA) price for 2025 19 mins ago Legendary trader says XRP ‘to rock and roll soon’ to $500 billion market cap 51 mins ago ...

In April, pseudonymous researchers Mononaut and 0xB10C confirmed a long-held suspicion that Bitmain influenced a concerning percentage of the bitcoin mining network. Today, follow-up research confirms the sway of Bitmain over ‘proxy’ mining pools. Although bitcoin miners are technically able to switch mining pools as they wish, this research reveals that as a practical matter, many of them rarely if ever switch away from Bitmain-led work templates. A detailed follow-up  Analysis  applied a weighted similarity score of transaction ordering and block templates across 37% of Bitcoin’s hashrate. The Analysis revealed that many supposedly independent mining pools are mostly passing along Bitmain-templated work to their miners. Based on the template similarities, I ended up with these possible pool relationships. These pools together have about 37.6% of the network hashrate. However, it's far from proven that the same entity is behind pool these. pic.twitter.com/iyqVtGYqPx — b...

Renowned economist Nouriel Roubini has once again delivered a scathing critique of Bitcoin (BTC), questioning its decentralization and doubts about security and scalability.  Notably, Roubini has maintained a dismissive stance towards Bitcoin and the broader cryptocurrency space, often branding them as scams. In a May 3 debate organized by financial news aggregator Zerohedge , where Bitcoin was pitted against gold, Roubini dismantled the foundational principles of the leading cryptocurrency.  Picks for you Cryptocurrency investor loses $70 million in six hours: Address poisoning attack 52 mins ago U.S. billionaires now have a lower effective tax rate than working-class 1 hour ago U.S. economic apocalypse imminent? Government debt market collapse begins 2 hours ago Michael Saylor warns these popular cryptocurrencies will be deemed securities 3 hours ago Drawing on his reputation for accurately predicting the 2008 financial crisis, he argued tha...

The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to the State monopoly over money, says ShapeShift CEO Erik Voorhees. Despite the unprecedented regulatory pressure that crypto has been facing recently in the United States, the fight between the American government and the crypto industry has just started, believes ShapeShift CEO Erik Voorhees.  According to the entrepreneur, U.S. authorities still don’t see crypto as an existential threat to the fiat system, and their recent crackdown is just an opportunistic reaction to last year's blowups of fraudulent crypto companies.  “They see it as sort of this scammy area where they can come in and look like the hero for cleaning up a mess,” Voorhees said in an exclusive interview with Cointelegraph. According to Voorhees, crypto needs to become mainstream before governments move against it fully. At that point, “it will be too late” for Government actors to crack down on crypto sin...