Protocol Labs user experience lead Jessica Schilling said interplanetary file system, or IPFS, aims to break the internet free from the monopolistic control of a few mega-corporations like Amazon, Microsoft, Google, and China’s Alibaba and Tencent. She also noted that the system can prevent censorship in places like Turkey, where a local version of Wikipedia is being hosted after the government blocked access to the standard Web 2.0 version of the site.
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First DeFi merger? Yearn.Finance and Pickle Finance join forces
The two DeFi protocols aim to ‘reduce duplicate work, increase specialization, and to leverage shared expertise.’ Of course, there was that $20 million Pickle hack
As part of the integration, deposits made into Yearn’s v2 Vaults and Pickle’s Jars will merge, meaning that users making deposits will earn rewards from both the protocols. The merger will become effective when the second version of the Yearn.Finance protocol—which is currently under development—comes online.
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Is altseason upon us? As Bitcoin falters, Ether and XRP surge ahead
Altcoins are picking up where the world’s biggest cryptocurrency left off, with XRP surging by a staggering 113% over the past seven days to regain its Top 3 spot
BTC prices have risen by 9.7% over the past week, gains that aren’t to be sniffed at. But this pales in comparison to the 31.8% surge in ETH over the same period, with XRP climbing by a staggering 113.25%.
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PayPal CEO: We’ll make it ‘very simple and easy’ to use crypto every day
In an interview, Dan Schulman predicted that PayPal’s embrace of bitcoin and three other cryptos will help bring digital currencies into the mainstream
“Early next year we’re going to allow cryptocurrencies to be a funding source for any transaction happening at all 28 million of our merchants, and that will significantly bolster the utility of cryptocurrencies," Schulman said.
