Connect with us

News

Brock Pierce for President 2020, Here’s why we should listen.

rss

Brock Pierce officially announces he will be in the Run for the US Presidential election.

brock pierce

Saturday, July 4th  was a remarkable day in the world of politics and cryptocurrency. Brock Pierce, the young, forward-thinking entrepreneur announced he will be running for President of The United States of America.

Brock Pierce enters the Presidential race at a time when The United States is at a major crossroads, politically, economically, and socially. 

The surprise announcement has ushered in vibrant cheers within the blockchain, crypto, and DeFi community.

Brock announced his foray into the world of politics by making this grand declaration about his inclusion as an independent candidate and tweeted the news:

Link to Tweet

In his own words, in a video announcement that he made, he shared his thoughts with the world.
The USA has always been surviving on the double-edged sword of people vs technology. But Pierce has his hopes pinned on his stressed importance on blockchain, decentralized finance, AI, and other defining technologies of the future. 


Brock Pierce is an entrepreneur we all want to follow. 

He has donned several hats in his career starting from his brief stint as a child actor and performer to currently being the Chairman of the Bitcoin Foundation. He has also co-founded EOS Alliance, Block. one, Blockchain Capital, Tether, and Mastercoin.

The crypto fraternity is all cheers, and why not? Samson Mow told Brock on Twitter “You have my vote” and many others have shown support to this major disruption in the USA’s political world. Michael Novogratz the CEO of Galaxy Digital also wished him luck and hoped Brock gives his running mates a hell of a competition.

Crypto and DeFi fans are especially supportive of Pierce, knowing he will further bolster digital currency solutions,  blockchain technology, and decentralized finance.

With Pierce now in the run, it will be a major boost to not just cryptocurrency but every sector where technology can work wonders. 

In the video, Pierce talks about how his life has revolved around creating things from nothing to something substantial and game-changing. Looking at his thought process, we can find amazing analogies of his efforts to turn Puerto Rico into a crypto paradise. Puerto Rico, hard hit by the worst hurricane Maria in the history of the Americas was laden helpless. But, here there was a man who saw a huge opportunity in transforming the helpless situation into an effective one.

At 37, Brock Pierce, chose storm-shattered Puerto Rico to relocate to, wanting to invest and rebuild its economy by providing major financing to build infrastructure to encourage innovation.

We have seen true leaders around the world who have created magnanimous opportunities out of drastic situations and Brock Pierce proved it with Puerto Rico.

In late April, Pierce donated close to half a million dollar in today’s value of bitcoin to help those in Puerto Rico and the Caribbean to fight COVID.

And Pierce’s philanthropy towards Puerto Rico goes way back.

Previously, in Isla de Vieques and San Juan, Pierce spearheaded medical and clothing donations. In the El Yunque rain forest, he raised substantial amounts for the rescue and rehabilitation of endangered indigenius birds, and also propagated new colonies of honey bees allowing them to flourish and proliferate. In terms of housing, he funded and oversaw the reconstruction of numerous homes in Vega Alta, Isla de Vieques, and Luquillo to help literally rebuild Puerto Rico in response to the aftermath of Hurricane Maria. 

brock pierce

Regarding Puerto Rico and its people, he says:


“Puerto Ricans are so well educated, they’re so capable, they’re so competent, but due to a lack of opportunity, when you graduate from college, you leave.”


Pierce wants to change that by empowering and investing in the local communities so that every Puerto Rican has an equal opportunity.

Pierce has been revered for finding the perfect balance between wanting to aid and assist and empower the territory of Puerto Rico, without sacrificing their cultural identity, but rather embracing it.  Pierce loves the people of Puerto Rico.

brock pierce

Having been named in the Forbes list of Billionaires in 2018, Brock has clearly indicated that all his earnings were to the society because he holds a certain vision for it. He has already donated millions to charity as well.

Furthering his message to the world, he is a hard-core believer in the spirit of entrepreneurship and believes that it is only the hard work, vision, and perseverance of entrepreneurs that can rebuild the country and give it a new lease of lift post COVID. He aims at giving small businesses a boost so that they have a voice as he is aware of how it is to build businesses from scratch.

He also deeply understands how the world and emerging markets have a right to financial freedom and financial sovereignty.


“Two-thirds of the world’s population is unbanked or underbanked. Imagine if you had all your bank accounts shut down today, if you had all your credit cards shut off today, Paypal, Venmo, etc. What would life be like? And that’s a problem that most of the world faces if you’re in Latin America, Africa or South East Asia.” -Brock Pierce


Brock Pierce says that it’s high time Americans welcome technological advancement in all the spheres of life. He believes that futuristic technologies will be able to combat every situation as well as provide an effective tool for disaster management. Being his humble best, he also believes that he has faced every situation and failures and it is due to these experiences that has given him fortitude.

For a young achiever, and a celebrated entrepreneur with noble thoughts of leading the nation, Brock Pierce as President can be ground-breaking because of his innovative, technologically focused mindset plus his philanthropic values for the betterment of society. This will certainly appeal to Millenials and Generation Z, in addition to many individuals in their 30’s and 40’s. Many top crypto industry experts have placed their bet on Brock’s nomination and are hoping for major progress in the American economy in terms of technological advancement and being able to rise to the same level as other nations in terms of innovation.

brock pierce

Like how any great leader of a great nation should involve people celebrating the true spirit of democracy, Brock Pierce has called for unified efforts towards achieving the rebirth of a new America that would establish its greatness again. His recent discussions have centered around the Covid-19 pandemic and the recent protests held across the great nation.

Pierce aims to bring everyone together, and fights for inclusion rather than exclusion, financial independence for all, freedom to all people no matter what race, creed, religion or sexual identity, and most of all, he wants to bring back opportunity for all Americans.

brock.vote


DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.

Make sure to check out more DeFi Revolution articles and sign up for our exclusive newsletter + get access to *VIP DeFi Networking* here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch


Facebooktwitterredditlinkedinmail
rss
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Harvest Finance Hack Explained. Here’s how it happened.

harvest finance hack
rss

Unscrambling the Harvest Finance hack and its aftermath

Harvest Finance, the Decentralized finance protocol was hacked for a staggering $24 million. The attack was a reminder to the crypto community that DeFi has sure risen to prominence but it has its own share of loopholes, and it is this that the attackers take advantage of. 

Harvest Finance attack details

The attacker directly attacks the protocol’s liquidity pools leading the arbitrage attack using a large flash loan – a type of uncollateralized loan. The attacker later returned $2.5 million but in a mere seven-minute act, the entire hack was complete, leaving the protocol stakeholders bewildered. 

In further addition to the details of the hack, the protocol revealed that the hacker manipulated prices on one money lego which is the Curve Y pool. This was done to drain another money lego farm USDT (fUSDT), farm USDC(fUSDC) multiple times.

The attacker then converted the funds to renBTC and later excited to Bitcoin. renBTC is not synthetic because it does not rely on any liquidation mechanism and it is certainly not the price of Bitcoin on Ethereum. It is a one-to-one representation of Bitcoin on Ethereum which can be redeemed for BTC at any time and in any amount. 

harvest finance hack

The native token of Harvest Finance, FARM fell 54% to $101.79 when the news of the hack came forward. Following the attack, the amount of money that was locked in the protocol plummeted from $1 billion to $575 Million On October 25th. The investors were so fretful that they pulled their deposits back. 

Harvest Finance acted accordingly and withdrew all the funds from the shared pools almost immediately after it had completed a fine evaluation of the attack. It began with reconstructing the processes which included DAI, USDC, USDT, TUSD as well as WBTC and renBTC. The funds are currently present in the vaults safely so that they are not exposed to further market manipulation. The hack did not involve DAI, TUSD, WBTC, and renBTC, and the depositors in these vaults were not affected.

How was the hack carried out?

The mechanics of the protocol has allowed for the execution of such an attack. Let us see how:

The investment strategies used by Harvest involves calculating the real-time value of assets that are invested in the base real-time protocols. The value of the assets is then used by the vaults to calculate the number of shares to be used to the user depositing the funds. The same value of the assets is also used when the users take out funds from the vaults.

Payout is then calculated upon the user exit. What also needs to be noticed here is that the assets inside some of the vaults are deposited into shared pools of underlying DeFi protocols. These are subject to market effects such as impermanent loss, arbitrage, and slippage. This means that its value can be manipulated through larger volumes of market trades. 

The attacker knew this well and had exploited the impact of the impermanent loss of USDC and USDT inside the Y Pool of Curve.fi by manipulating the asset value to deposit funds into the vaults and obtain the shares for a beneficial price. 

The aftermath of the Harvest Finance Hack

Harvest Finance’s Twitter account has been buzzing with messages and activity. The protocol has taken full responsibility for the engineering attack and has ensured that in the future such attacks will be countered and mitigated. The protocol has made it clear that formatting a disaster management plan to assist those who are affected will be the top priority for the protocol. 

The protocol is investing its resources to catch hold of the scammers and has already provided a list of Bitcoin addresses of the hacker where it believes that the stolen funds may have moved. It also had taken immediate action by asking prominent exchanges like Binance, Coinbase, and Huobi to block the attacker’s addresses. It further said that there is:

“A significant amount of personally identifiable information on the attacker, who is well-known in the crypto community.” Not willing to dox the cyber-thief, Harvest Finance is now offering a $100,000 bounty “for the first person or team to reach out to the attacker”.

Harvest further tweeted that the $2.5 million returned by the hacker will be distributed to the affected depositors on a pro-rata basis using a snapshot. The attack on Harvest comes only six weeks after the attacker escaped with $8.1 million in Bitcoin from another DeFi protocol BZX, however, BZX managed to recover the funds. 

harvest finance hack

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Facebooktwitterredditlinkedinmail
rss
Continue Reading

News

MetaMask Swap : Here’s What you Need to Know

rss

MetaMask Swap :New feature Token Swap pitched for best trading experience in DeFi

metamask swap

MetaMask Swap has now officially launched. Metamask is a broswer extension and the most popular and used wallet and gateway for Ethereum. Metamask rose to great prominence this year with the ascension of Uniswap.

Now ConsenSys has recently made a big announcement – a new feature it has added in its kitty which is stated to resolve ancient issues of crypto wallets. The MetaMask Swap feature introduced by the giant aims to compare as well as swap tokens directly within MetaMask.

MetaMask has grown from strength to strength and has emerged as a wallet trusted by millions. It now has more than one million active users of its wallet services and is trusted by them to securely store their digital assets. It also is touted to offer a diverse variety of tokens at the best princess across DeFi.

Known to provide bespoke software solutions for the Decentralized Finance markets, ConsenSys, has established its foothold as the leading Ethereum Software company. 

metamask

Let’s explore it in detail.

MetaMask Swap: Best Features

  • The new token swaps feature will fetch quotes across several decentralized liquidity sources so that the users can get what they want at the best possible price.
  • Earlier MetaMask navigation was complex and tricky. The user had to go through many decentralized exchanges or aggregators which offer a different set of tokens at different prices. In addition, every token had to be approved for trading adding to the woes. But the new token swap feature offers a platform that has an intuitively integrated user experience and streamlines all available liquidity.
  • The novel platform also aims to bring in greater transparency and efficiency resulting in a  better network experience. 
  • The feature will be initially available to users of the MetaMask extension on the Firefox browser. The concern plans to come up with versions for other browsers as well as MetaMask Mobile.

Benefits of using MetaMask Swap

Token Swap has several benefits in the offering because it has taken into account everything that worked against MetaMask in the past. Some of the most discernible benefits are:

MetaMask Swap Offers more liquidity mining

Every aggregator will interact with different liquidity sources that hold a certain amount of liquidity. By getting orders from many aggregators like Uniswap, Airswap, 1inch.exchange, Kyber, and the likes it will have access to the maximum liquidity across the DeFi ecosystem.

Best prices and tokens

Decentralized Exchange aggregators in the sector employ different trading strategies. This explains why the assets are priced differently. 

But the users of the MetaMask wallet under the new feature can request prices from all the available aggregators and individual market makers. MetaMask will then ensure that every user gets what they want – the best prices across DeFi. Getting orders from different aggregators also ensures that MetaMask user is able to access all the top available tokens in DeFi. 

MetaMask Swap has a great User Experience

To ensure the user doesn’t drive away user-experience is the key. Earlier the entire wallet system was a conundrum of confusion and excessive complexity. But, MetaMask has understood that this could be a problem for them as it could drive away users. Hence it has streamlined its approval process so much so that the users will now be able to access liquidity directly from the MetaMask User Interface. Previously they were required to navigate each DEX separately but this is a more combined and integrated approach that will simplify the entire process. 

MetaMask Swap has Lower Gas Fees

Every single DeFi aggregator pushes to its etched out path to get the best trade. Every route it chooses has a different gas fee to ensure the transaction takes place. MetaMask through its token swap feature will get the best prices for the user. It also will get them the best aggregator which is most gas-efficient for a trade-in question.

MetaMask Swap has Fewer approvals

Earlier the users had to get the due approval for every token on multiple aggregators. This means that several user interfaces for every approval process but with MetaMask’s token swap users need to take approval only once. This directly converts into reduced gas costs and a much lighter approval process. 

MetaMask has registered impressive growth figures. Just a few days ago, the noted platform surpassed the figure of a million active users of the wallet services. 

With the token swap, MetaMask has excelled itself by removing several issues that barred the user from a good experience. By provisioning an optimized trade path, it has reduced complexities leading to better DeFi adoption. 

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Share this article below !

Facebooktwitterredditlinkedinmail
rss
Continue Reading

News

Blue Kirby, why is the crypto media silent? Decoding Blue Kirby’s exit (scam) from Twitter space

rss
blue kirby

Blue Kirby, the biggest and the most aggressive promoter of Yearn. Finance has disappeared from the Crypto Twitter space.

biz/ - 19 days until Cover Crypto Insurance is released - Business &  Finance - 4chan



It is reported that the real identity of Blue Kirby, who allegedly stole millions, exit scammed. He also ran this site:  https://gumroad.com/guap

Regarding the disappearance of Blue Kirby, where is the investigative journalism? Does the DeFi community not want justice? Are we simply saying this is ok?

It also seems he wasn’t very careful in that he allegedly charged $2500 per person for his secret insider information group, where people paid him via venmo, thus leaving proof to his identity.

Within the group,the real person behind the blue kirby pseudonym allegedly leaked insider information about YFI.  

blue kirby identity


So the DeFi space was literally blown away when SushiSwap, assumingly performing magically, suddenly faced an event. Chef Nomi, the anonymous creator of the SushiSwap ecosystem resigned triggering a huge panic among the investors leading the major price drop. The burning question now is whether the latest update on the Blue Kirby also is a suspicious move and should the investors now short YFI. 

Three days ago on October 11th, many crypto followers and users had noticed that Blue Kirby, considered as the anonymous legend of the Yearn.Finance community has suddenly deleted their account from Twitter. The worst part of it all is that the disappearance happened without any prior warning and out of the blue. 

Australian crypto evangelist Alex Saunders through his twitter account said that he finds it difficult to believe what happened to $YFI. He draws a parallel with Chef Nomi’s case and how badly it hurt the DeFi at that juncture. 

OFF_BLUE is the only project which is left of Blue Kirby in the truest sense. What really remains active is an Ethereum contract since October 8th and a Twitter account with 3.3K followers and protected tweets. According to experts, it will also address the disruptive segment of Non-fungible tokens.

Eminence rage, a reason for its distancing?

Blue Kirby was successful in creating his/her online persona in the early summer months. This was done by riding on the back of Andre Cronje’s crypto hedge fund Yearn. The $YFI cheerleader rose to the ranks of the DeFi Community members on Twitter especially after the community allocation of $7000 per month was done for the tireless promotion of YFI token.

But Blue Kirby’s lapse of judgment came into light especially this late September with the sloppy and bungled release of Cronje’s Eminence. And now after Blue Kirby decides to resign and disappear into nothingness, it has followed a major explosion of the EMN protocol which is based on Yearn’s open-source code. Just 2 weeks ago a wrongdoer and a miscreant planning led to the draining of $15 million in EMN liquidity due to design flaws. 

The entire occurrence of disappearance could also be because Blue Kirby started getting all kinds of threats. Undoubtedly the promoter was aggressively pushing the EMN protocol since its launch, but after the hack, the popularity slowly degenerated and converted into disappointment. The moment it received a lot of fire from the community and crypto degens alike Blue Kirby distanced itself from every activity related to Yearn.Finance. In Fact it has taken the distancing very seriously by leaving yield farming telegram groups.

What Blue Kirby meant for Yearn.Finance

Blue Kirby has been the most passionate and aggressive promoter of Yearn. Finance. Right after YFI skyrocketed achieving the fastest 100x, a major rally in the crypto industry ever, there was a proposal submitted by the project contributors to pay Blue Kirby a compensation of $7000 USD every month as it had contributed majorly to its popularity.

But it also came into notice that DeFi community members have alleged that Blue Kirby had unfairly exercised influence over the Yearn ecosystem. It was further alleged that it had conducted a questionable Initial Coin Offering (ICO)for a non-fungible token (NFT) marketplace called Off-Blue.

The DeFi summer fiascos go on to show how permissionless technology,  pseudonymous identities, and borderless marketplaces can be an inflammable mix. Without interests at stake, Blue Kirby had very little incentive to act in the long-term interest of the community members as per the opinion of the crypto industry members.

Response from Andre Cronje

Also doing the rounds is the resignation of Andre Cronje who created Yearn.Finance. But he has made it clear that he will stay out of crypto Twitter.

“Still here. Still building. Nothing has changed.”

Since Blue Kirby’s exit, the price of $YFI has dropped significantly.As of now, the price of YFI is $14,337 USD.

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Share this article below !



Facebooktwitterredditlinkedinmail
rss
Continue Reading
bitcoin
Bitcoin (BTC) $ 13,477.83
ethereum
Ethereum (ETH) $ 391.98
tether
Tether (USDT) $ 0.999162
ripple
XRP (XRP) $ 0.248778
bitcoin-cash
Bitcoin Cash (BCH) $ 272.14
binancecoin
Binance Coin (BNB) $ 30.91
chainlink
Chainlink (LINK) $ 11.56
polkadot
Polkadot (DOT) $ 4.49
litecoin
Litecoin (LTC) $ 57.85
bitcoin-cash-sv
Bitcoin SV (BSV) $ 173.23
cardano
Cardano (ADA) $ 0.097872
usd-coin
USD Coin (USDC) $ 0.997095
eos
EOS (EOS) $ 2.66
monero
Monero (XMR) $ 131.71
crypto-com-chain
Crypto.com Coin (CRO) $ 0.094596
tron
TRON (TRX) $ 0.027084
stellar
Stellar (XLM) $ 0.080252
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 13,482.29
tezos
Tezos (XTZ) $ 2.02
cdai
cDAI (CDAI) $ 0.020845
okb
OKB (OKB) $ 4.51
leo-token
LEO Token (LEO) $ 1.27
cosmos
Cosmos (ATOM) $ 4.94
neo
NEO (NEO) $ 16.38
huobi-token
Huobi Token (HT) $ 4.25
dai
Dai (DAI) $ 1.01
nem
NEM (XEM) $ 0.092813
filecoin
Filecoin (FIL) $ 33.41
iota
IOTA (MIOTA) $ 0.267960
binance-usd
Binance USD (BUSD) $ 0.995869
vechain
VeChain (VET) $ 0.011111
dash
Dash (DASH) $ 68.43
ethereum-classic
Ethereum Classic (ETC) $ 5.44
theta-token
Theta Network (THETA) $ 0.623466
zcash
Zcash (ZEC) $ 59.16
uniswap
Uniswap (UNI) $ 2.68
maker
Maker (MKR) $ 555.07
celsius-degree-token
Celsius Network (CEL) $ 1.31
compound-governance-token
Compound (COMP) $ 115.48
compound-ether
cETH (CETH) $ 7.87
havven
Synthetix Network Token (SNX) $ 3.41
omisego
OMG Network (OMG) $ 3.13
uma
UMA (UMA) $ 7.28
paxos-standard
Paxos Standard (PAX) $ 0.998392
yearn-finance
yearn.finance (YFI) $ 13,018.04
aave
Aave (AAVE) $ 33.79
ftx-token
FTX Token (FTT) $ 3.87
dogecoin
Dogecoin (DOGE) $ 0.002636
aave-link
Aave LINK (ALINK) $ 11.57
ontology
Ontology (ONT) $ 0.484800