Earlier today, Coinbase announced the launch of “Bitcoin-Backed Loans” using Base, its native blockchain. But there’s one problem. (Actually, two.)
These loans are not backed by Bitcoin,...
Over the past year, the Bitcoin Renaissance has brought significant attention to BTCfi, or “Bitcoin DeFi” applications. Despite the hype, very few of these...
Two days ago, the atebites X account pointed out that THORChain’s lending service currently has nowhere near enough bitcoin to repay its creditors.
As of the time...
The crypto community was split in half when a proposal about Bitcoin sidechains was reintroduced. While the proposal aims to expand the utility of Bitcoin, its limitations cause controversy. A blockchain merge-mined with Bitcoin that also employs gas fee-friendly economics might hold the answer.
Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of "bitcoin free banking" originally described in 2010 by Hal Finney.