For the second consecutive year, the study “found that awareness of Bitcoin increased with financial literacy, but the likelihood of ownership declined as the level of financial literacy increased.”
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DeFi tokens have taken off, fueled by a rapidly growing lending business and liquidity rewards (Photo: SpaceX/Wikimedia)Crypto Must-Reads for June 24, 2020
These are the crypto stories you should be following now: Expect Bitcoin price volatility with huge Friday options expiration; Historically, economic uncertainty should reconnect Bitcoin’s price with the stock market, and that’s not good news; DeFi lending platform Compound’s COMP tokens “crash” to a mere 250% gain in 10 days; DeFi portfolio manager Balancer’s governance tokens follows Compound’s soaring prices; Analysts’ strategies for “yield farming” DeFi liquidity rewards.
Bitcoin has had an acceptable run in June, generally staying above $9,300 but rejecting $10,000 (except for a quick spike on June 1), according to CoinGecko. That may well change today, as the IMF’s June outlook is expected to be bad, pushing broader economic uncertainty higher. That generally means BTC volatility, but in which direction remains to be seen. Meanwhile, the prices of decentralized finance tokens are soaring. Newcomers Compound, a decentralized finance lender, and Balancer, an automated portfolio balancing platform, have been racking up huge gains in just the past 10 days. As these DeFi platforms woo liquidity providers with token rewards, “yield farming” can bring two revenue streams…