Biggest DeFi Risks Revealed 😬

...And IOTA Founder Ousted By Foundation 👀 Fri. Dec 4, 2020 "If you don’t play, you can’t win." 😎 - Judith McNaught Market Activity Total Market Cap $526.5 BN (-2.14%) 24 Hour Volume $118.5 BN (-1.33%) Notable Movers Unibright [(UBT)]( Bitcoin Dominance 62.8% (+0.16%) Bitcoin Price $17,833 (-1.49%) Cointelegraph says [BTC]( is eyeing "a sharp rebound as it trades near a confluence of technical supports made stronger by external fundamental factors." However, NewsBTC’s technical analysis suggests that a downturn could be in sight — with selling pressure picking up again. CoinDesk says [ETH]( has been more volatile than BTC in 2020 so far. Your Friday News 📰 PLENTY more news over at our shiny, new aggregation service... [Headlines!]( [‘Revealed: The Biggest DeFi Risks]( 🚨 A new report has revealed a dozen dangers that DeFi investors need to be aware of… aside from losing all their money. BNC Research says scalability on the [Ethereum]( blockchain remains an issue, as does the risk of smart contract vulnerabilities. Such weaknesses have already sparked millions of dollars in losses this year. [Find out all of the threats set out in BNC’s report here.]( [Visa and Mastercard Block Pornhub]( ❌ Two of the world’s biggest payment companies have said their cards can no longer be used on Pornhub. This follows a New York Times investigation that found illegal content was being hosted on the site. Visa and Mastercard’s ban means that cryptocurrencies are now one of the only payment methods available on Pornhub, which was visited 42 billion times in 2019. [Here’s how Pornhub reacted to being blocked.]( [IOTA Founder Ousted By Foundation]( 👋 David Sønstebø has parted ways with [IOTA]( following a "unanimous" decision by the foundation’s board of directors. In a statement, IOTA said "his interests and the interests of the foundation have diverged significantly." The crypto project failed to provide details about the circumstances surrounding Sønstebø’s ousting. [Catch up on the latest here.]( [Another Institution Joins BTC Spree]( 🤑 Massachusetts Mutual Life Insurance Co. has become the latest institution to put some serious cash into [Bitcoin](. The company has invested $100 million in BTC — and has secured a $5 million equity stake in the financial services firm NYDIG. MassMutual says it is looking for "measured yet meaningful exposure" to digital assets. Overall, the company has a general investment account worth a whopping $235 billion. [Read more.]( Poll of the Day 📣 Earlier this week, Messari CEO Ryan Selkis caused controversy when he described [XRP]( as "toxic waste" — and compared [Bitcoin Cash]( and [Bitcoin SV]( to "piles of s***." On a scale of 1-5 (5 being absolutely,) do you agree with him? [Rate 1-5]( What You Said 🔊 Previously on the CoinMarketCap newsletter, we asked you this… On a scale of 1-5 (5 being absolutely), do you think that a Joe Biden presidency will embrace cryptocurrencies, enabling the industry to grow? Thanks for all your responses — it was pretty split, but 27.5% of you are optimistic that the Democrat’s win will end up being a good thing for digital assets. Meanwhile, 21.7% of you said you’re very nervous about what the next four years will bring. Here’s what you had to say… One of you wrote: "Trump is better for crypto and decentralized finances." 😤 Another thinks that crypto is unlikely to be anywhere near the top of Biden’s agenda, writing: "It’s not on his radar." 🙁 Not all of you are too certain, and are relying on gut instinct: "Biden tries to be woke, but he is still a boomer. Not sure why exactly but it seems Biden would be better." 🤷‍♀️ This reader adds: "Biden’s better for Bitcoin (and big government) in the short term. Trump would just slow down the inevitable." 💵 But on the flipside, another warns: "A Biden administration will see it as an opportunity to increase taxes. Trump while not a fan of crypto would be more likely to tax it at a lower rate." 💸 The last word goes to this upbeat contributor: "Biden surrounds himself with specialists, not his own ego." 😳 Alexandria’s Best Bits 📖 Looking for some in-depth insights into market movements? Here’s what [CoinMarketCap Alexandria]( can offer... [December’s healthiest crypto projects!]( Flipside Crypto looks at the 25 digital assets that are lookin’ good this month. While it’s good news for Ethereum and Chainlink, Augur and Basic Attention Token have crashed out of the list [Our biggest Earn campaign yet!]( Our new campaign is with [The Sandbox]( and the first 40,000 successful quiz takers could get $10 in rewards. Other active campaigns include [Orchid]( and [Helium]( This post explains how everything works. Blockchain Term of the Day: [Airdrop]( 🪂 As excitement builds over the Spark token airdrop — which will benefit people who own XRP — we thought it would be a good time to remind you about what this is… A marketing campaign that distributes a specific cryptocurrency or token to an audience. Thank you for reading! Have an epic weekend! 👋 😍 our newsletter? [Share](mailto:?subject=Check%20out%20this%20awesome%20newsletter!&body=You%20should%20subscribe%20to%20this%20newsletter%20for%20the%20top%20news%20in%20crypto%20%26%20blockchain%3A%20https%3A%2F%2Fcoinmarketcap.com%2Fnewsletter%2F) with a friend! 😡 our newsletter? [Spam](mailto:?subject=this%20is%20not%20a%20truce&body=Although%20we%20have%20our%20differences%2C%20the%20longer%20you%20can%20prop%20yourself%20up%20with%20crypto%2C%20the%20more%20fun%20we%20will%20have%20as%20adversaries.%20Sign%20up%20here%20so%20you%20can%20keep%20your%20ass%20updated%3A%20https%3A%2F%2Fcoinmarketcap.com%2Fnewsletter%2F) your enemy! 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