New data suggests the total USD value locked in DeFi protocols is overestimated by roughly $2.83 billion. The total USD value locked in decentralized finance (DeFi) protocols recently surpassed the $6 billion mark according to onchain data resource, DeFi Pulse. Currently, the figure rests at $6.32 billion, after rising nearly six-fold since it reached the […]
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Davey Day Trader crowned himself the king of Bitcoin. Barstool Sports founder Dave Portnoy, a fresh player in the crypto trading arena, recently estimated that he will receive millions of dollars in upcoming Bitcoin (BTC) trading profits. “I’m up 100 grand in Bitcoin — in a week,” he said, noting positions in Ethereum and other […]
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One person will beat all of them. Popular crypto futures trading platform Bybit is currently hosting thousands of participants for its World Series of Trading, or WSOT, competition. With roughly 12 days left before the competition concludes, 12,368 participants currently pursue 200 Bitcoin (BTC) in prize money, valued around $2.4 million, data from the exchange’s […]
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On-ramps and off-ramps are key components to bringing new users and new money into the crypto space, but not all are created equal. What are some of the biggest providers offering these services? There’s no shortage of options for on-ramps and off-ramps, including some of the most well known names in the industry. Starting with […]
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In the past week Yearn Finance (YFI) rallied 330% to a new high at $12,800 but what’s behind this impressive rally? Yearn Finance (YFI) launched just a month ago and since then the yield aggregating platform’s total value locked has climbed to $611 million. In the last three days, YFI price climbed to $12,800, a […]
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For the East and West, the paths to blockchain and cryptocurrency adoption are not the same and both have their own challenges. Ethereum recently turned five years old, and coincidentally, it also appears to have reached an inflection point for user adoption. In the second quarter of 2020, daily active Ethereum users nearly doubled to […]
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“Everything you heard, every theory that just doesn’t seem possible, every small inkling that something was just off about the world… is true.” Thank you for calling the Clinic of Advanced Biological Computing, this is Dr. Elliott Fisher. So began the strangest conversation Ive had as a journalist, with a time-traveling group of Monero-mining musicians […]
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Recent advertising campaigns by cryptocurrency fund management firms are well timed as investors look for safe havens from inflation. Amid turbulent times for the world at large, the cryptocurrency space seems to be cruising on its own steam in 2020. The coronavirus pandemic has put a major strain on economies around the world, and countries […]
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Excitement is building around the Bitcoin price as history appears to repeat itself and analysts recall the start of its run to $20,000 all-time highs. The creator of arguably the most famous Bitcoin (BTC) price forecasting tool has declared that the largest cryptocurrency is in a bull market. In a tweet on Aug. 18, quant […]
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Gold–BTC correlation drops 20% one week after hitting all-time high of 68%, correlation metrics are often misleading for investors. The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become […]
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