News

As the launch of the first phase (“phase 0”) of Ethereum 2.0 (ETH2) has neared, some have expressed concerns about the centralization of staking nodes or validators. The core aspect of the upgrade is the introduction of staking to the blockchain, whereas holders can put up 32 ETH to validate blocks, thus earning rewards of […]

The ongoing frenzy in the decentralized finance (DeFi) focused crypto market has led to industry leader Bitcoin lose its “dominance” by a significant percentage, data on tracking site CoinMarketCap shows. Ethereum challenging Bitcoin? Bitcoin dominance, the measure of the pioneering digital asset’s market share compared to the broader crypto industry, has fallen to its lowest […]

Don’t be mistaken if you hear of sushi and a billion dollars in the same sentence one of these days. Sushiswap, the newest DeFi project on the block which has nothing to do with real sushi, has actually locked up nine figures in just a few days after launch. A billion-dollar sushi According to data […]

Crypto company Looping has become the first payment protocol and decentralized exchange to integrate Band Protocol’s cross-chain data oracle. In a press release shared with CryptoSlate, the company said that integrating the Sequoia-backed oracle will enable them to provide high-speed fiat price feeds for all crypto assets supported on Loopring’s zkRollup decentralized exchange. Custom decentralized […]

The price of Ethereum (ETH) achieved $473 for the first time since June 2018, primarily buoyed by decentralized finance (DeFi). This time, the rally of Ethereum is driven by a noticeable spike in user activity, especially in the DeFi sector. Strategists, including Three Arrows Capital CEO Su Zhu, say the prospect of ETH 2.0 and […]

Cryptocurrency exchange and payments platform Crypto.com has launched a competition where the users with the highest taker transaction volumes will get a chance to win up to $10,000 worth of CRO tokens. The Winners Take All competition began on Aug. 31 and will last until Sep. 30, with all registered Crypto.com users with a taker […]

Few used decentralized exchanges in 2017 and 2018. Then, Ethereum and crypto traders found them a hassle to use, with it often being complicated to transact tokens, especially when factoring in an illiquid order book. This writer personally avoided DEXs at all costs, opting to stick with centralized platforms to avoid any difficulty. This has […]

Yearn.finance’s governance token, YFI, has continued its ascent for the umpteenth day in a row. On Aug. 31, the price of the prominent Ethereum-based coin seriously flirted with the $40,000 price point, passing into the $39,000s for a number of hours. The coin has since retraced back to $35,000 according to Cryptoslate market data as […]

Litecoin demand among institutional investors on Grayscale Investments surged last week ahead of the protocol’s Mimblewimble upgrade and as fears of inflation have risen among US investors, as per reports. Litecoin sees 1,000% premiums Data from on-chain analytics firm Arcane Research showed Litecoin briefly traded at a 1,200% premium on Grayscale’s newly launched Litecoin trust. […]

Nexus Mutual (NXM), the only major insurance protocol in Decentralized Finance (DeFi), surged over the last several days. Several cryptocurrency fund managers expect NXM to evolve into a $1 billion protocol over the medium term. Three key catalysts for Nexus Mutual are the nascent DeFi insurance market, its fast growth rate, and rising demand. Factor […]