Bitcoin’s dominance rate dropped to a 14-month low before last week’s double-digit correction, possibly a sign that the market was overheating. Last week’s Bitcoin (BTC) 11.4% drop might have seemed unexpected or entirely out of the norm. The truth is, the lack of a more substantial correction since the 50% drop that occurred on March […]
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The only way you can protect yourself and analyze crypto tokens properly is by exercising caution to the best of your ability. If you ask people what they know about cryptocurrency, chances are you’ll hear the words Bitcoin (BTC) or blockchain — or even both. However, what many individuals aren’t aware of is that over […]
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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 […]
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Decentralized finance has taken the crypto world by storm, reshaping the space. Blockchain technology is disrupting every sector of the global economy with its limitless opportunities and innovative products. Decentralized finance is one of the sectors that has been trying to shake the traditional financial ecosystem. The multitude of DeFi applications emerging all over the […]
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The Chinese government is supporting a new global DeFi association. Amid the ongoing craze around decentralized finance, or DeFi, a blockchain startup in China is launching a global DeFi initiative. Conflux Network, a permissionless blockchain startup, has launched a new DeFi-focused association focused on international cooperation of major industry players. Called “Open DeFi,” the new […]
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Yearn.finance’s yETH vault took in $140 million in ETH over 48 hours, signalling that automated investing may be the next DeFi frontier. Yearn.finance, an automated DeFi yield-farming protocol, has recently launched the latest yvault strategy, yETH. yVault strategies are a set of predefined actions that allow users to deposit funds and have them automatically sent […]
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Research into Sushi’s wallets reveal the admin holds the keys to $27 million worth of tokens. Analysis of hot DeFi protocol SushiSwap’s smart contracts has revealed that as much as $27 million worth of the native token is in an admin wallet that could be dumped without warning. Data analyst and partner at Cinneamhain Ventures, […]
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The crypto space knows how big bubbles can grow. The decentralized finance, or DeFi, movement in crypto has grown explosively over the past several months, according to data compiled by Twitter analyst, Ceteris Paribus. Data from May, June, July and August showed DeFi crypto assets have surged in price, on average, 42.9%, 56%, 60.5% and […]
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After three long years, the class-action lawsuit alleging that Tezos violated securities laws through its 2017 ICO has concluded. The three-year-long class-action lawsuit targeting Tezos (XTZ) has come to a conclusion after Judge Seeborg approved Tezos’ $25 million settlement on Aug. 28. According to the judgment, the funds will be distributed among “all persons and […]
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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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