Bitcoin whale clusters show major resistance levels are at $10,570 and $11,288, raising the chances of a major sell-off. According to Whalemap, an on-chain analysis firm that focuses on Bitcoin (BTC) whale activity, short-term clusters are present at $10,570. Whale clusters are shown at $10,570 and $11,288 for Bitcoin. Source: Whalemap Whale clusters form when […]
Continue Reading
DeFi’s meme coins are causing a stir within the crypto community, as some call foul, others see the upside. In recent weeks, talk of hotdogs, sushi and yams has infiltrated the crypto industry. Such references, however, are not as they seem and actually relate to assets in the decentralized finance sector of crypto. Over the […]
Continue Reading
Like the ICO boom of 2017, DeFi plays to our desire to get rich fast without any responsibilities. Decentralized finance, in a nutshell, promises transparency and offers beneficial terms for borrowers. DeFi platforms are supposed to build an alternative financial system for offering/receiving loans, exchanging currencies, making payments, etc. There are no banks, brokers or […]
Continue Reading
The DeFi cryptocurrency space is attempting to rebound after an eventful week that saw Bitcoin price recover above $10,000. DeFi projects have been dominating headlines as of late, and the unexpected departure by a high-profile founder had ripple effects throughout crypto markets. Here are the top stories from the past week: Bitcoin price hits $9.8K […]
Continue Reading
An analyst says the Tesla stock chart looks similar to the weekly fractal of Bitcoin in 2017 when it achieved $20,000. Julian Bridgen, the co-founder of the macroeconomic research firm MI2 Partners, believes Tesla stock (TSLA) shows signs of a bubble. He compared the stock Bitcoin (BTC) in 2017 when it hit $20,000 and dropped […]
Continue Reading
Yearn Finance is launching a MakerDAO like stablecoin lending protocol with no governance token. Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit. StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR). […]
Continue Reading
DeFi could be a huge investment opportunity, a bubble ready to burst, or both. Former Messari Head of Product and well known crypto trader Qiao Wang believes the nascent DeFi sector has enormous growth potential. DeFi has been on a tear this year, with the total value locked growing from under $1 billion to just […]
Continue Reading
The recent crypto market crash has wreaked havoc on DeFi tokens, with with 95% of DeFi assets posting a seven-day loss The decentralized finance (DeFi) bubble appears to have popped for the time being, with half a dozen top DeFi tokens shedding half of their fiat value over the past seven days. According to crypto […]
Continue Reading
The strong performance from DeFi tokens has far eclipsed that of many top-10 altcoins but how long can this trend last? The rapid popularity and investment growth observed in the Decentralized Finance (DeFi) sector has reflected heavily on the price charts with DeFi and yield-related tokens like Yearn.finance (YFI), Aave (LEND), and others rallying to […]
Continue Reading
The price of Bitcoin has been testing $10,000 support the entire weekend but did the futures gap finally get filled by a chart candle downwick? The markets are bleeding out. Ether (ETH) dropped from $500 to $300 in a matter of days, people are screaming that the DeFi bubble has burst already, and are crying […]
Continue Reading