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Ethereum broke out over the weekend and looks primed to follow in Bitcoin’s footsteps by shattering its former all-time high and soaring far higher. But while Bitcoin prices climb, there has been minimal impact on the underlying network, nor has there been a sizable increase in fees that characterized the 2017 peak. Meanwhile, ETH gas…
SushiSwap’s native token, SUSHI, has undergone a strong rally over the past 24 hours. The leading cryptocurrency is up 10% in the past 24 hours, pushing to multi-week highs after a few days of slow price action. SUSHI’s rally comes as Bitcoin has thrust higher, pushing to new all-time highs at $29,500. The leading cryptocurrency…
Compound Finance’s native token COMP was among the biggest gainers in the decentralized finance space on Wednesday. The fourth-largest DeFi token by market cap surged by more than 10 percent, hitting an intraday high of $154.08 as traders assessed a flurry of upside fundamentals around it. A pseudonymous analyst noted that the Compound protocol lured…
COVER has been gaining serious hype throughout the past few months, despite its turbulent beginnings. What started as “SAFE” ultimately became COVER following some contentious battles between the early developers. COVER ultimately was adopted by the Yearn.finance ecosystem and grew under Yearn founder Andre Cronje’s guidance. It secured a coveted Binance listing early on and…
Bitcoin is in price discovery and each day sets a new all-time high. But despite the soaring prices well above the previous record, altcoins have barely moved in comparison.  However, traditional finance will soon move profits and diversify, and when they do, one chartered financial analyst claims it’ll be into DeFi tokens, and not Ethereum…
Depending on your view, a devastating blow has been dealt to crypto, or a much-needed purge is in progress due to the SEC suing Ripple and two of its top executives for selling XRP tokens which the regulator claims were unregistered securities. XRP dropped dove over 30% on the news, but the carnage might only…
Ethereum (ETH) and a majority of other large-cap crypto assets have faced strong corrections over the past day. Per CoinGecko, BTC is down 2.5% in the past 24 hours alone, falling from the $24,000 region to $22,800 as of this article’s writing. Ethereum alone is down 5% in the past 24 hours, falling from the…
Because investors had been scrambling to buy XRP in order to lay claim to a corresponding amount of Spark tokens, the altcoin had its most significant bullish breakout in years. Ripple network activity post-Flare airdrop suggests that the asset has fundamentally lost its spark, but technicals might on the flipside suggest that the spark was…
The decentralized finance (DeFi) space was rocked last morning by news that Nexus Mutual founder Hugh Karp was hit with a personal attack. His project, a decentralized mutual product to allow users to hedge against risks in the DeFi space, was not directly affected. But, his personal account, which contained over $8 million worth of…
Like many other exchanges, Coinbase has been focusing on decentralized finance (DeFi) over the past few months. The rise of decentralized exchange platforms such as Uniswap has begun to eat at the market share of these centralized exchanges. While Coinbase listed coins such as Compound and Uniswap, though, there was a lack of grassroots projects…