The second week of August 2020 has been one of the most exciting weeks for the DeFi ecosystem, following the list of four prominent tokens on global crypto spot and derivatives exchange OKEx. The latest DeFi token to be listed on the platform is Curve Finance’s CRV governance token which became available for spot trading…
Chainlink (LINK) is exploding higher once again. In the past 24 hours, the leading altcoin has surged 12.33% against the U.S. dollar, outperforming Bitcoin’s 0.5% performance. At the $19.00 price that LINK is trading at, the cryptocurrency is at an all-time high. This is the latest high in series of higher highs set over recent…
The crypto market has taken a strange turn in recent weeks. What started out as a perfectly sustainable trend of rapidly growing DeFi projects, has turned into a weird world of worthless assets. Rather than new money coming in, as one economist points out, it is crypto insiders who know better that are buying these…
Another week, another round of Crypto Tidbits. It’s been another volatile week for the Bitcoin market. In the past seven days, the leading cryptocurrency has traded at both $11,100 and $12,000, whipsawing between the levels as the price enters a consolidation. Ethereum, on the other hand, has been surging higher; ETH now trades for $440 as…
Ethereum has a transaction fee problem, similar to the one it and Bitcoin faced in 2017 and early 2018. On August 12th, the cost of Ethereum “gas,” how transaction fees are calculated, hit 277 Gwei. By this writer’s estimates, that means that sending ETH was $2.25, sending ERC-20 was around $5, and trading on Uniswap…
As Bitcoin continues establishing its position as a major asset on the global stage, its correlation to other markets has been shifting. Although it was strikingly correlated to the stock market in late-February and early-March, its price action has since broken this, now becoming more closely tied to gold and other precious metals. An interesting…
Online trading has become a profession as well as a pastime. The increased access to platforms offering a range of assets and trading instruments presents traders with a lot of options to choose from. Further, the highly volatile and easily accessible cryptocurrency markets have started to feature high on the list, on top of conventional…
The DeFi craze is reaching new peaks, with investors now throwing money into just about every Ethereum-based token with unique properties and strong “meme potential.” One such example of this is Yam Finance, which is a protocol launched roughly 48 hours ago that drew in hundreds of millions of dollars before a fatal bug left…
Ethereum Classic Labs are exploring ways to protect the network and move forward following the 51% attack two weeks ago. Initial discussion on what to do are taking place today. Attendees include IOHK CEO Charles Hoskinson, as well as other stakeholders. Source: twitter.com Previously, Hoskinson said Ethereum Classic needs to innovate, to which the implementation…
Ethereum transaction fees have continued to surge as decentralized finance (DeFi) has continued its ascent to the crypto mainstream. Fees are getting so high that there are many starting to assert that solutions are necessary, lest Ethereum loses market share to other smart contract blockchains by crowding out a retail audience. Related Reading: “Rich Dad Poor…