News

The recent growth of the DeFi sector has primarily been driven by the recent launch of Compound, which has seen massive inflows of capital and new users due to the bourgeoning “yield farming” trend. Compound’s launch was highly anticipated and has long been in the works, and it has already been met with significant success […]

In May and early in June, the second flagship fund of Grayscale Investments, the Ethereum Trust, saw a surge in demand. Shares of the trust (ETHE) traded on OTC markets reached an extremely high value as retail investors piled in. At one point, buyers of the trust were buying exposure to ETH at an implied […]

Anonymous messaging platform 4chan, known for its involvement in crypto, has this weird infatuation with decentralized finance (DeFi). As reported by CryptoSlate, an Ethereum-based token rallied literally 10,000 percent in two hours. The move was caused by individuals on 4chan calling the token the “next big thing,” with one likening the coin to Tellor. The […]

Cryptocurrency firms, presumably burnt by the crashing ship that were ICOs, are turning to traditional methods to raise funds and keep themselves in business. Bitcoin miners Canaan and Ebang have already jumped ship, and a Korean crypto-exchange is now turning to share markets to raise funds for its business. Samsung appointed Bithumb, one of the […]

Chainlink’s price has been caught within an intense uptrend over the past couple of days that has allowed it to set fresh all-time highs. Its latest push higher marked a break above a key technical formation that could catalyze further momentum. This latest push higher appears to have come about in tandem with news regarding […]

Ask anyone about Bitcoins or the broader cryptocurrency market, and they are likely to call it thin air, manipulative, or even rat poison. But recent events in the U.S. equities and futures market are showing stocks are not protected from sudden market downside, seemingly moving up and down with political tweets being the only market […]

Data regarding activity surrounding Bitcoin miners offers investors significant insight into the benchmark cryptocurrency’s market conditions. It now appears that massive miner outflows suggest that Bitcoin is positioned to see some turbulence in the near-term, as it just witnessed the second largest miner outflow since seen since it last hit $10,000. Despite this being a […]

Chainlink’s oracles and smart contract technology is seeing a marked surge in adoption and demand in 2020. The latest is Ontology, a Singapore-based global blockchain enterprise solution that has worked closely with the NEO Foundation and launched its mainnet in 2018. “Last mile” solution As per a Chainlink tweet, Ontology will use the former’s oracle […]

There was a time when Cardano’s ADA was a top-ten cryptocurrency. At the peak of 2018’s bubble, the altcoin was trading above $1.00. That coincided with a market capitalization of over $30 billion. At the time, Cardano’s market cap was the size of a mid-large-cap company. Things have changed though as value has consolidated in […]

South Korean economists aren’t happy with the government’s proposal to tax Bitcoin and other cryptocurrencies, days after reports suggested the latter. Any “cryptocurrency tax” must be abolished and not implemented, the country’s academics told local reporters over the weekend.  The reason was singular and simple — taxes on an emerging asset class and disruptive technology […]