Coins

YFI Poised For A Rally To $35,000

October 1st, 2020

The decentralized finance (DeFi) darling, Yearn.finance is resuming the uptrend after falling consistently from highs around $34,000, traded on September 27. The crypto encountered high selling pressure after another bounce from support established at $20,000 On September 24. The recent retreat held the ground at $21,800, breathing life into the bullish camp. At the time…

Binance Announces Project Providing Cross-Chain Bridging Services

September 30th, 2020

It might be a slow week of the cryptocurrencies, but the same cannot be said for the world’s leading crypto exchange, Binance. In the latest development, the Malta-based platform announced the official launching of the Panama Project. Binance’s official blog post stated, “Binance is officially launching the Panama project, which aims to help Binance Smart Chain and Binance Chain…

Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

September 30th, 2020

This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth”. Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees. Coin Metrics researchers and Nate Maddrey…

Why JP Morgan Getting Fined $1bn For Market Manipulation is Good For Bitcoin

September 30th, 2020

U.S. banking giant JP Morgan Chase agreed to pay fines of almost a billion dollars after acknowledging offenses regarding commodity market manipulation investigations. On Sept. 29, the Commodity Futures Trading Commission (CFTC) concluded what has been the largest-ever settlement imposed by the derivatives regulator according to Reuters. The bank has been engaged in a pattern…

UniSwap Price Forecast: UNI Awaits Ultimate Liftoff To $5

September 30th, 2020

UniSwap has been on a downward roll since September after its bullish scenario was cut short by resistance at $5.60. The price has continued to narrow within the confines of a descending wedge pattern. This pattern forms whenever the value of an asset has been falling over a period of time. Breakouts can either be…

Polkadot Launches DeFi Token POLS and Cross-chain DEX

September 29th, 2020

Ethereum rivaling blockchain Polkadot is jumping aboard the DeFi bandwagon with the launch of its own decentralized exchange and governance token. The recently announced Polkastarter will be listed on Uniswap today, 13.00 UTC September 29, as an ERC-20 token called POLS. The concept is to create an interoperable decentralized exchange to the Polkadot ecosystem, however…

Lightning Vs WBTC, Is It Game Over For Bitcoin Lightning Network?

September 28th, 2020

Lightning Network that was launched with the hope of enabling instant payments and scaling Bitcoin to handle millions to billion of transactions per second across the network. However, currently the Lightning Network appeared to be losing pace, especially when compared to Wrapped Bitcoin.  Lightning vs WBTC The total value of Bitcoin locked in Ethereum via…

Binance Adds Venus Protocol to Its DeFi Platform

September 28th, 2020

Cryptocurrency exchange, Binance announced the addition of a new project called Venus Protocol [XVS], which is dubbed as a money market and stablecoin DeFi platform on Binance Smart Chain. With this, Venus becomes the fourth project on Binance Launchpool. The official blog post read, “Users will be able to stake their BNB, BUSD and SXP tokens into…

Uniswap Tops Maker as ETH Locked Approaches 3 Million

September 28th, 2020

Uniswap is making new milestones this week as it has surpassed Maker in terms of Ethereum collateral, and has become the first DeFi protocol to reach $2 billion in liquidity. The Uniswap decentralized exchange has come a long way this year. Since the beginning of 2020 it has grown by a whopping 16500% in terms…

Defi Token Exposed as Pump and Dump Scam in Leaked Telegram Chat 

September 28th, 2020

A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped…