Ethereum has been going skyhigh in more ways than one. According to blockchain data platform Blockchair, the average transaction fees paid by Ethereum users have reached a new record average of over $7.50. Average Ethereum transaction fee in USD chart. Source: Blockchair During a similarly congested period from June – July 2020, Ethereum co-founder Vitalik […]
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Bitcoin market analyst filbfilb reveals key similarities between now and late 2016 as bullish sentiment keeps building for BTC price. Bitcoin (BTC) is repeating the bull run that sent it to $20,000, chart data shows as a new report says $10,000 was an “entry point” for investors. In a tweet on Aug. 13, Cointelegraph analyst […]
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Yam Finance, an experimental DeFi protocol, crashed to zero after the discovery of a rebase bug. Compound, Yearn Finance, and Balancer plunged shortly thereafter. Yam Finance, an experiential Decentralized Finance (DeFi) protocol, saw its market cap crash down to zero within minutes on Aug. 13. With it, major DeFi tokens, including Compound, Yearn Finance, and […]
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Grayscale and MicroStrategy lead a surge in institutional demand for new coins, with selling not part of the landscape, data shows. Institutions are buying huge amounts of Bitcoin (BTC) and hodling, not selling it, data shows as the network mimics early 2016. Data from various sources uploaded to social media this week show that over […]
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Bitcoin recovered back above $11.5K, leading traders to suggest a renewed attack on $12K could occur soon. Today Bitcoin (BTC) price rebounded from its recent low at $11,125 on Aug 11 to $11,617. This suggests traders are turning optimistic as key data show a significant amount of liquidity for BTC until $12,000. Cryptocurrency daily market […]
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Peter Brandt didn’t mince his words when describing the controversial stablecoin. “Tether is an accident waiting to happen,” Brandt tweeted on Aug. 10, in response to a separate post looking at USDT’s market cap and the total crypto industry’s market cap in line with overall digital asset volume. “Tether is just another fiat currency,” he […]
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New data shows more than 50% of DAI is locked in Compound and this raises concerns about DAI’s long term prospects. Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a positive factor for COMP’s growth, it shows a concerning […]
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Bitcoin price is slowly recovering from yesterday’s $700 drop but is another shot at $12K expected in the short term? On August 11 the price of gold and silver showed some corrective movements, the same was seen in the cryptomarket. Bitcoin (BTC) dropped by $700 from $11,800 to $11,100 in one day, marking a short […]
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Yam Finance claims to bring fairness to farming with new elastic supply token. The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch. The experimental Yam Protocol is the talk of Crypto […]
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CME Bitcoin futures set a new open interest high at $841 million, further highlighting growing institutional interest in BTC. Today the open interest on Chicago Mercantile Exchange Bitcoin (BTC) futures reached a new all-time high at $841 million. Although this can’t be deemed bullish on a standalone basis, it does signal that professional investors’ interest […]
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