Crypto Twitter has been captivated by a newly launched protocol called YAM that is structurally similar to Ampleforth – in terms of its regular rebasing – with the same “meme potential” as other popular DeFi tokens like YFI. YAM – which is somewhat experimental – has gone viral on social media, with prominent industry figures…
Activity on the Matic Network has gone into overdrive of late. The project recently finalized Phase 1 of its mainnet launch by adding third-party staking validators into the mix. The list of external validators available so far includes Infosys, Chain Guardians, Biconomy, and Torus. Current available staking validators. (Source: wallet.matic.staking) The firm recently tweeted that…
Ethereum’s Yam Finance protocol has been the hottest crypto project of the past 24 hours. As reported by NewsBTC previously, the unaudited protocol managed to garner $400 million worth of value in under 24 hours, with investors throwing boatloads of capital at the project. The token of the protocol, YAM, is behind this exponential explosion…
The leading crypto exchange and trading platform, OKEx has extended support to the popular DeFi platform, Aave by listing its LEND tokens. According to yesterday’s announcement, LEND spot trading against BTC, ETH and USDT went live on OKEx at 9:00 AM UTC, August 12, 2020 – a day after LEND deposits were allowed on the…
Bitcoin has become a popular investment vehicle amongst retail and institutional investors, but it is also becoming a reserve asset for some companies. Per an announcement from earlier today, a Nasdaq-listed business intelligence company is now turning to the benchmark cryptocurrency to store their capital reserves, calling it an asset that can be “superior to…
Despite stagnation in the value of ETH, demand for Ethereum transactions continues to increase day after day. This is largely due to the growth seen in what is known as decentralized finance — or “DeFi.” Coins and protocols pertaining to this space are largely based on Ethereum, meaning that the network has racked up countless…
BAND – the token associated with Band Protocol’s decentralized oracle network – has been one of the best performing digital assets in recent weeks, surging by 32x since the start of the year. A good portion of these gains have come about over the past few days, with the token’s uptrend turning parabolic after news…
With the bull run of BTC upon us, and Bitcoin surpassing the $10,000 benchmark, now might be as good a time as ever to use your BTC before the volatility heads back south. It’s been a while since we got above this psychological breakpoint, and many analysts suggest that eventually, Bitcoin will sink lower again.…
Earlier this week, the leading cryptocurrency spot and derivatives exchange platform OKEx announced the listing of Xensor (XSR), a futuristic project designed to meet the requirements of smart cities by integrating IoT with blockchain technology. As a part of the listing, OKEx opened XSR deposits on August 4, 2020, followed by spot trading against USDT…
Another week, another round of Crypto Tidbits. It’s been a volatile week for the price of Bitcoin and other top digital assets. After our last Crypto Tidbits, the price of the leading cryptocurrency rallied as high as $12,200, then plunged around $1,700 in the span of five minutes in the worst crash since March 13th. Ethereum…