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…
As altcoins and even Bitcoin take pause, DeFi standout AAVE is a “monster” that is now reawakening and ready for new highs, according to one analyst. Moments after the analyst’s public call, Coinbase Pro revealed that the DeFi token would be listed on the popular trading platform. If a pair of low-timeframe patterns confirm and…
SushiSwap’s native token SUSHI lost its higher bids entering the new weekly session Monday as its price fell 4.47 percent. As of 1236 GMT, the SUSHI/USD exchange rate was $2.2813, having bounced off its intraday low of $2.2661 in the late Asian trading session. In doing so, the pair maintained the last week’s support offered…
SushiSwap (SUSHI) incurred a strong drop this past week, falling alongside Bitcoin, Ethereum, and the rest of the DeFi market. The price of the leading cryptocurrency fell from its multi-month highs near $2.50 to $1.95 in a strong move lower. This move was much more rapid and deep than drops in other cryptocurrencies. But quickly,…
SushiSwap’s native token SUSHI is surging higher after a correction in the price of Ethereum, which reflected poorly on DeFi. SUSHI is currently up by 20% in the past 24 hours alone, making it the best-performing Ethereum-based large-cap digital asset. It is also the best-performing cryptocurrency in the top 100 by market capitalization. SUSHI is…
Top decentralized finance (DeFi) coins have undergone a severe correction over the past day. Leading names such as MakerDAO’s Maker (MKR), Aave’s AAVE, Yearn.finance’s YFI, amongst others, are down 10 percent in the past day. Bitcoin, by comparison, is only down by approximately 2% in the past day, having fallen from the low-$19,000s to $18,800…
Sushiswap’s governance token, called Sushi, has posted some massive gains as of late, benefiting from the inflows of capital into the DeFi market and regaining its hype and momentum following a partnership with Yearn.finance. Naturally, the clout and hype surrounding the Yearn ecosystem drew massive amounts of capital towards the Sushi token, with investors sending…
SushiSwap’s governance token SUSHI continued its rally upward on Wednesday as its price per unit breached the $2-resistance level. The SUSHI/USD exchange rate rose 13.15 percent ahead of the New York opening bell, trading at $2.18. The latest gains came as a part of a broader upside move that brought SUSHI’s week-to-date returns up by…
SushiSwap’s native token, SUSHI, is in the midst of undergoing a massive surge higher. The coin is up 35% in the past 24 hours according to top data sources in the space such as CoinGecko. This performance makes it the best performing digital asset of the past 24 hours, strongly outperforming Bitcoin and Ethereum. BTC…