Several key metrics hint at a Bitcoin price pullback, but this may be offset by other conflicting factors. A pullback in the price of Bitcoin (BTC) is likely, based on several on-chain data points, namely the Spent Output Profit Ratio (SOPR) indicator, stablecoin inflows, stacked sell orders at $19,000, and the Crypto and Fear Index. […]
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Even as incentives continue to dry up on UniSwap, TVL across the board seems to have remained steady. Just a few months ago, the global finance sector witnessed the meteoric rise of yield farming, which in large part helped to spur the growth of the decentralized finance domain. During Q3 2020 alone, the DeFi market […]
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As Bitcoin bulls attempt to flip $18K to support, DeFi investors are bagging hefty triple-digit sums. Since topping out at $18,476 on Nov. 17, Bitcoin price has been flirting with the $18,000 level as bulls fight to flip the level to support and chase after the all-time high at $19,789. While this battle takes place […]
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Bitcoin price has impressively held the $17,200 support level putting its all-time high once again within reach. Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 — a rally of 75% in less than three months. What’s more, since March, BTC/USD has gained almost 400%, making […]
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Major music festival in Thailand is adopting blockchain for safer and smoother payments. Despite the ongoing COVID-19 pandemic, some global events have chosen to move forward as planned. Instead of canceling, they are working to limit close contact between attendees through the introduction of new technologies. One such solution involves a cashless payment system powered […]
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Five price feeds will be directly published on Matic mainnet. Matic Network, a smart contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink (LINK) price feeds that are set to power its ecosystem. Though there are many promised or existing Chainlink integrations […]
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Bulls are attempting to push Bitcoin price to $18,000 but analysts believe a ‘shallow’ correction must occur first. On Nov. 17 Bitcoin (BTC) set another 2020 high at $17,858, leading many traders to call for the top-ranked digital asset to overtake the $18,000 mark before the weekend. The rally to $17,858 occurred after a high […]
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Almost 40% of liquidity on leading DEX Uniswap has left the platform with the end of UNI rewards for liquidity providers The total value of assets locked in leading decentralized exchange (DEX) Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on Nov. 17. Meanwhile “vampire” clone […]
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Nefarious parties are using flashloans in conjunction with stablecoins to steal DeFi funds from platforms. An Ethereum-based decentralized finance, or DeFi, platform known as Cheese Bank recently suffered a $3.3 million loss — the product of an early-November hack. The thieves utilized a somewhat newly-found weakness in the DeFi sector which harnesses flashloans. The Cheese […]
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“These are all my savings. I hope you can return it to me.” On Nov. 14, an unknown party exploited flash loans via the decentralized finance protocol Value DeFi to the tune of $5.4 million. A number of individuals have received a portion of their stolen funds back, however, after pleading with the hacker using […]
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