BlockFi has increased its high-yielding tier levels for Bitcoin and Ether, suggesting institutional interest in borrowing crypto is rising.

BlockFi announced yesterday that it is making changes to its most lucrative tier one lending offerings. The company doubled the deposit limits for its Bitcoin and Ethereum balances, now amounting to 10 BTC and 1,000 ETH respectively. The changes will take effect from Dec. 1. 

Stable CPU prices might combat network overload.

Dan Larimer has proposed a new resource allocation model that will combat network congestion on EOS. If the proposal is successful, it will give dApp developers better access to the bandwidth resources that they need to operate their apps. In particular, the change should make CPU and NET resources available at a more stable price.

The IDAX CEO has allegedly run off with the cold wallet of the exchange, all employees have left or have been fired, and the platform’s token dropped to $0.

DeFi Boom Becomes Dangerous as CDPs Trigger Memories of CDOs

DeFi has become a flagship use case for blockchain technology. By offering asset management, borrowing, lending, and remittance services without intermediary parties, DeFi is moving to shake up the traditional financial services industry. However, the increasing popularization of leverage instruments threatens the health of the market.

• Dash has a bearish short-term and medium-term trading bias
• The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated
• The daily time frame shows that a bearish head and shoulders pattern has been triggered

Dash remains under heavy downside pressure as the coin fell to levels not seen since Feb. 2017.

Bitcoin has once again fallen below $7,000 following reports of a hacking incident at the South Korean cryptocurrency exchange Upbit. 

In a recent interview, Ripple Labs’ CEO Brad Garlinghouse has indicated his ambition to replace legacy cross-border payment mechanisms with an XRP-based solution.

An official post from Upbit exchange revealed that 342,000 ETH (approximately $50 million) were drained from its hot wallet.

Hyperledger will indirectly support IOTA payments.

IOTA has announced IOTA Connector, a bridge system that can be used to mirror data and trigger actions between IOTA and Hyperledger Fabric. The new system will allow businesses that rely on Hyperledger to make use of IOTA’s various features, including feeless payments, encrypted transaction payloads, and Masked Authenticated Messaging.

As institutional interest in cryptocurrency markets rises, old security-as-a-service solutions are making way for a revolutionary transfer service developed by Fireblocks.