Passive income through staking - a paradigm shift
The buzzword "passive incom" in the crypto sector is likely to ring the ears of some traders. Too often - especially at the time of the Bitcoin and ICO boom in 2017, questionable projects were advertised with letting their money "work for them". Nevertheless, many investors looked out of the tube straight after the big ICO bubble burst. Passive bankruptcy risk describes the situation in retrospect more aptly. Nevertheless, a new form is establishing itself in the DeFi area in order to make money on the crypto market. Lending protocols such as MakerDAO, Compound or Aave currently promise exorbitant profits. But staking in proof-of-stake systems is also becoming increasingly promising. What investors can hope for.
Daimler (USA and German car manufacturer) on the blockchain
As we reported last week, Daimler has entered into a cooperation with a blockchain company. In this context, the crypto company around the Ocean Protocol announced that a first pilot project had been successfully carried out. The focus of the collaboration, however, is on decentralizing data management at the Stuttgart automaker. The Daimler share reacted with a premium.
Is India bringing the Bitcoin boom?
The crypto climate in India has been rather changeable in recent years. The central bank initially prohibited trading cryptocurrencies, but then swung around. Finally, the situation for Hodler and Kryptonauts in the second most populous country on earth has improved, the central bank and the government have given in. The bitcoin trading activities subsequently picked up quite a bit. Scene experts now expect a further increase in activities in the coming months, and an influx of new investors is also conceivable. However, this is still conditional.
Corona drives blockchain gaming sales
While the world is still between lockdown, mask requirement and easing, the corona pandemic is also having an impact on the global economy. And there is, in addition to a lot of negative news about slumping stock prices, good news to report. So last week we reported that blockchain gaming sales have increased significantly. The revenue generated by the gaming platform Animoca Brands was record-breaking in the wake of the COVID 19 pandemic.
Bitcoin trading: all-time high in Argentina
Meanwhile, the bitcoin trading volume in Argentina climbed to new record highs. The country, which is battered by mismanagement and in which inflation devalues the national currency, ultimately offers the ideal breeding ground for a decentralized alternative. Argentina's residents are increasingly using Bitcoin to dry their sheep.