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Robert Leshner, the founder of Compound, has voted against the latest proposal to increase the WBTC collateral factor on the platform from 0 to 65 percent. Leshner defended his decision by saying collateral in WBTC was currently too risky due to low liquidity and a high possibility of a technical flaw that could wipe out […]

Ethereum’s stagnant price action has come about despite there being plenty of positive developments within the broader ETH ecosystem. The growth incurred by the ETH-based DeFi sector has fueled a myriad of narratives regarding the fundamental strength of the cryptocurrency, but this has yet to translate into any positive price action. One data analyst is […]

Cardano could see Presidential coins issued on its platform in order to demonstrate its multi-asset standard, Charles Hoskinson said in his latest AMA. IOHK is considering coins to commemorate Kanye West and Brock Pierce’s presidential campaigns. The coin itself wouldn’t be affiliated with Kanye, but the number of coins issues will match the number of […]

The ever-awaited altseason — a colloquial term for pumping altcoin markets — has arrived earlier than expected, if some analysts are to be believed. Leading the pump is DOGE, the self-styled meme coin used by Shiba Inu dogs, with gains of over 20 percent on June 6. The surge is attributed to a viral TikTok […]

Decentralized Finance (DeFi) applications, currently the hot topic in crypto circles, are doling out millions of dollars to attract user capital and usage. This is similar to “bounty” campaigns by several ICOs in 2017-18, which were led by massive price declines at the time. $25 million distributed On-chain analytics firm Messari tweeted Monday that DeFi […]

As Bitcoin has stalled over recent weeks, decentralized finance has ripped higher. DeFi, as it’s better known, is currently one of the only segments of the cryptocurrency market seeing growth. Take the example of Compound‘s COMP altcoin, which is trading at $200 as of this article’s writing. This is six times higher than the crypto’s […]

The Zhejiang district in China has laid the foundation for the Blockchain Service Network, (BSN) the country’s ambitious nationwide blockchain project, as per local reports this week. For starters; 135 public nodes are reportedly active in the province — affirming to China’s broader Five-Year-Plan that heavily features blockchain technology. Chainlink oracles form a major part […]

The DeFi sector has seen growth throughout the past several months that has mirrored that seen by the aggregated crypto market in 2017. Many tokens related to the rapidly growing ecosystem have posted year-to-date gains of more than 100 percent. A select few have even climbed by as much as 900 percent over a YTD […]

If you’ve been on Crypto Twitter over the past few days, you’ve likely seen the video seen below. According to the individual that shared it, the video shows a group of “farmers” being shilled Cardano and ADA. Michael “Boxmining” Gu, a cryptocurrency Youtuber and podcaster, corroborated this. Gu added that caveat that the farmers in […]

Ethereum’s price is finally starting to show some signs of life as the cryptocurrency recovers from its recent lows. Its ongoing upswing has outpaced that seen by Bitcoin and most other digital assets, being bolstered by its ability to break back above the lower boundary of its long-held trading range. One reliable on-chain indicator that […]