21 hours ago · 2 min read
Ethereum founder Vitalik Buterin: Unless you understand DeFi, it’s likely “best to sit out”
It would be fair to say that decentralized finance — better known as DeFi — has become Ethereum’s killer use case.
2017 and 2018 had ICOs, 2019 had IEOs, and 2020 has decentralized finance.
What do you do when two identical men standing 6 ft 5 in tall pull up to your house in the Hamptons during a pandemic? If you’re Dave Portnoy, the founder of Barstool Sports, you open the door and welcome them in.
Crypto.com will sell Bitcoin at “50% off” in September, here’s why
Hong Kong-based crypto exchange and card provider Crypto dot com is launching an attractive competition for Bitcoin fanatics in September, ahead of its “public beta” exit.
Ethereum developers already want to launch YAM 2.0 after 90% price drop
After garnering a purported $750 million worth of deposits of Ethereum, Yearn.finance, and other cryptocurrencies, DeFi’s latest protocol Yam Finance collapsed on the morning of August 13.
Data analyst: Ethereum transaction fees will put a “hard cap” on DeFi bull run
Ethereum’s decentralized finance (DeFi) community and market have seen exponential growth over recent months.
How a “Chad” minted Curve tokens early and briefly surpassed BTC’s market cap
Curve’s tokens launched early this morning after an unknown individual/s deployed open-source contracts and minted CRV.
Yield farming protocol tanks and takes YFI, COMP, LEND down with it
The DeFi market took a huge hit earlier today when YAM, an experimental yield farming project, suffered a contract bug that caused its market cap to drop from $60 million to virtually zero.
Crypto exchanges are rushing to list Aragon (ANT), but what is it?
Three major crypto exchanges listed Aragon’s ANT tokens yesterday, causing an immediate price bump and frantic Google searches for what the protocol does.
It has been a turbulent week for Bitcoin.
Forget YAM, Ethereum DeFi’s hottest new craze is Based—literally
Just 24 hours after it launched, a new Ethereum decentralized finance protocol called Yam Finance has received deposits of over $400 million worth of altcoins like Wrapped Ethereum and Yearn.finance.
How to stake ADA from your Cardano Yoroi wallet
Staking Cardano (ADA) from Yoroi is an easy and straightforward process, very similar to staking your funds from Daedalus.
Coinbase to allow Americans to take cash loans with Bitcoin collateral
US crypto exchange Coinbase is going all out with its crypto offerings ahead of a purported bull run, listing DeFi projects, in-demand altcoins, and now a product for loans using one’s Bitcoin.
CoinMarketCap launches platform to incentivize learning about cryptocurrencies
CoinMarketCap, one of the largest coin tracking websites in the industry, has launched CoinMarketCap Earn.
Chainlink rallies to fresh highs of $16, but data reveals mounting selling pressure
Chainlink’s price has flashed signs of intense strength in recent weeks, with each pullback being aggressively bought by bulls.
Here’s why Ethereum’s Ampleforth (AMPL) is shooting 35% higher today
After spiking parabolically into the end of July, the pseudo-stablecoin Ampleforth (AMPL) suffered a large correction.
American software firm buys up $250 million in Bitcoin, stock jumps 10%
Nasdaq-listed American enterprise software firm Microstrategy said it purchased over $250 million in Bitcoin this year, an announcement that pumped its stock prices up by 10 percent.
Bitfinex traders are longing Tezos (XTZ) in record numbers as price flirts with $4
Ever factoring in the 12 percent correction Tezos has seen in the past day, the cryptocurrency is one of the top-performing in the past week.
Debate about Ethereum’s supply is no better than Roubini bashing Bitcoin: Andreas Antonopoulos
Aside from DeFi, the debate about Ethereum’s current circulating supply has been the most-discussed topic on Crypto Twitter over recent days.
What is Yam? The YFI-AMPL clone with lures of 10,000% returns
Yam, a new DeFi project put together in ten days with no audit, guaranteed risks, and never-seen-before returns locked upwards of $180 million hours after launch on August 11.
Here’s what on-chain data is saying about Band Protocol’s 30% decline
Band Protocol (BAND) has been garnering significant attention over the past few weeks due to its intense rally that sent it from the lower-$4.00 region in early-August to highs of nearly $18.00 that were set earlier this week.
Bitcoin currently appears to be in a somewhat precarious position as it struggles to break above its $12,000 resistance, causing the entire crypto market to see some turbulence.
The Chinese state does not present a long-term threat to Bitcoin, a well-known developer wrote in a blog this week.