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Overnight, on November 11, the price of Bitcoin rallied by nearly 4% as it neared $16,000. While BTC showed strengthening momentum, decentralized finance (DeFi) majors, like Yearn.finance (YFI), Aave (AAVE), and Synthetix (SNX), underperformed. The trend spotted in DeFi in the last 24 hours, where it corrects while Bitcoin surges, was reminiscent of October. Throughout […]

China Construction Bank (CCB), one of the country’s “big four” financial players, is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using Bitcoin and the US dollar, financial publication WSJ reported Wednesday. SCMP reports China Construction Bank will sell US$3 billion […]

The Bitcoin hash rate dove strongly in late October. The metric, which tracks how much computational power is being used to mine BTC, fell from approximately 170 exahashes to a low near 90 exahashes per second. Bitcoin transactions subsequently became slow as block times naturally increased. Worrying some investors, the “Hash Ribbons,” a custom indicator […]

According to various on-chain metrics, Bitcoin (BTC) is entering the greed zone as price nears $16,000. Alternative’s Fear & Greed Index shows Bitcoin is now hovering in the “extreme greed” area. The metric shows out of 100, the greed level in the Bitcoin market has hit 86. In comparison, in the month of October, Bitcoin’s […]

The decentralized world computer was hit by the reality of having a single point of failure earlier today after an Ethereum client failed to update its software version. Infura, an Ethereum service provider run and maintained by ConsenSys, suffered a service outage this morning causing other services and companies to be temporarily blocked from seeing […]

Yearn.finance has rapidly become the darling of the burgeoning DeFi space. The Ethereum-based protocol’s native token, YFI, rallied from its starting price of $3 to $30,000 in the span of about a month. Simultaneously, the total value locked by the protocol surged to $1 billion. It’s no surprise, then, that there have been some attempting […]

Decentralized exchanges, or DEXs as popularly called, are one of the hottest topics in the crypto space in 2020, growing from niche obscurities as early as 2017 to boasting billions of dollars in daily volumes across 100s of crypto trade pairs this year. The benefits are multifold compared to “CEXs,” as their centralized counterparts are […]

Ripple CEO Brad Garlinghouse took a dig at companies buying Bitcoin last week as the climatic effects of proof-of-work cryptocurrencies, like BTC, may be met with stern regulations if Democrat Joe Biden is elected as the US president. At press time, Biden has 290 electoral votes in the US against Republican Donald Trump’s 214 — […]

The DeFi market has undergone a strong surge since it seemingly bottomed late last week.  As reported by CryptoSlate previously, top DeFi coins have surged over 100 percent from their lows, becoming the best-performing altcoins of this past week. On-chain data suggests that this recovery is a byproduct of a large inflow of institutional capital […]

According to the data from Arcane Research, the spot volume of Bitcoin has reached a new yearly high. This figure is particularly optimistic for the short to medium term trend of BTC because it reflects the growth of real and verifiable trading volume. Since late October of this year, the spot volume of Bitcoin rose […]