UMA overtook yearn.finance to become the largest DeFi project on CoinMarketCap with a $1.3 billion market cap. The decentralized finance (DeFi) landscape is rapidly changing day after day. On Sept. 1, UMA overtook yearn.finance as the biggest “DeFi” protocol on Ethereum with a $1.3 billion market cap. Data from CoinMarketCap shows six DeFi projects are […]
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Hacktivist Bitcoin developer Amir Taaki took aim at Ethereum co-founder Vitalik Buterin on Twitter recently for essentially writing off smart contracts inventor Nick Szabo as a right-wing crank. Taaki wrote that this sort of attitude was typical of an “Eth[ereum] culture which is about sparkling burner parties, privileged digital nomads, microdosing LSD, sex orgies and […]
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Major crypto exchanges are consolidating smaller, niche services to expand their overall market reach. The past few months have seen a number of major crypto companies facilitate some serious big-money acquisitions. For example, on Aug. 25, blockchain software firm ConsenSys bought out JP Morgan’s enterprise-variant of the Ethereum blockchain Quorum. Similarly, earlier this year, global […]
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After over two years, CMC’s chief strategy officer Carylyne Chan is leaving the site. CoinMarketCap’s chief strategy officer and acting CEO Carylyne Chan is leaving the well-known crypto market data site — together with two of her colleagues, Jeremy Seow and Spencer Yang. Chan, who has worked at CMC since January 2018, publicly announced her […]
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Amid multiple warnings over the world’s reserve currency, Bitcoin stands to gain if recent macro correlation remains intact. Bitcoin (BTC) is heading for a bullish start to another week’s trading after shrugging off lower levels to hit $11,700. Cointelegraph takes a look at five things that could shape price performance in the coming days after […]
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Bitcoin price still struggles to overcome the $12K hurdle but 3 key metrics show bulls are in control. Bitcoin (BTC) price dropped by as much as 10% this week and while this might be scary for day traders, the 3-day chart shows the downside move hardly made a dent on the current market structure. This […]
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Major monthly Bitcoin options and futures expiry sees markets becoming bullish on BTC. Bitcoin derivatives witnessed a major expiry event with a notional value of over $1 billion. Today, $272 million of Bitcoin futures expired on the Chicago Mercantile Exchange, while over 65,000 Bitcoin options contracts expired across Deribit, CME and OKEx, having a notional […]
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Yearn.finance’s YFI token has hit a new all-time high following Aave’s listing and a hint at FTX partnership. YFI, the native token of the Decentralized Finance (DeFi) giant yearn.finance, achieved a new all-time high. It soared by 30% in the last 12 hours from $14,017 to $18,169, entering price discovery. The price chart of yearn.finance’s […]
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Bulls are still king as market signs point up, not down, says filbfilb — but Friday’s futures expiry could spell trouble. Bitcoin (BTC) can still top $13,000 and higher as a series of “non-events” still leave bulls in a powerful position. Data from Coin360 and Cointelegraph Markets showed BTC/USD climbing towards $11,500 on Aug. 28, […]
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Bybit has also added support for the Vietnamese language on its platform. Cryptocurrency derivatives exchange Bybit has added support for the Japanese yen and South Korean won in a bid to expand its roots in Asian markets. In an announcement on Aug. 26, Bybit said the addition of these two new fiat currency payment options […]
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