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Expect crypto to deliver even if you’re not searching. Over just 12 hours starting September 5, Uniswap fork SushiSwap saw its founder sell their holdings, to the community terming it a “rug pull,” to the founder of FTX eventually taking over the doomed project’s private keys. Sushi founder dumps tokens On Saturday, “Chef Nomi,” the […]

Payments protocol and zkRollup exchange Loopring said this week that rumors of its partnership with oracle provider Band Protocol were greatly exaggerated and a mistake. Earlier this week, Loopring said it was onboarding Band Protocol oracles for the price feeds on its exchange: Loopring Exchange (https://t.co/7kOIOTYGAC) now features fiat prices which are updated by @BandProtocol's […]

Development on Litecoin’s upcoming privacy and scalability implementation, MimbleWimble, continues to be smooth and faces no potential delays ahead of a testnet launch later this month, the Litecoin Foundation confirmed in a release.  The. Litecoin MimbleWimble August update is here!https://t.co/zHY6O1TFAG — Litecoin.com (@LitecoinDotCom) September 3, 2020 Litecoin made faster and more secure For the uninitiated, […]

Ethereum co-founder Vitalik Buterin has downplayed any concerns about a potential 51% attack on the network’s upcoming ETH 2.0 upgrade, which sees it shift to a proof of stake consensus design. Yield farming lockups create concerns After yield farming aggregator Yearn Finance launched its yETH vault earlier this week, the protocol attracted over 137,000 ETH […]

Decentralized finance’s UMA has surged 100 percent in a week as per CryptoSlate data. In a week where most crypto assets experienced strong corrections, with Bitcoin and Ethereum leading altcoins lower, UMA’s performance is a breath of fresh air. But why is the coin up so much in the matter of a week? What factors […]

The price of Ether (ETH), the native currency of the Ethereum blockchain network, sharply dropped by 27% in five days. Yet, the amount of ETH locked in decentralized finance (DeFi) suggests a medium-term bullish trend. According to Ryan Sean Adams, the founder of Mythos Capital, the DeFi space has not seen new entrants yet. Adams […]

As covered extensively by CryptoSlate over recent days, Ethereum’s network congestion is reaching an untenable point. At one point in the past week, the average user of the blockchain was spending $50 in ETH to send a single transaction, effectively pricing out a majority of users. To include a personal anecdote, this writer has spent […]

Tron is finally delving into DeFi after Justin Sun, the entrepreneur-founder of the cryptocurrency project, shared this image amid 2019’s Consensus conference. Tron’s pivot into decentralized finance, which has taken the crypto industry by storm over recent months, began with the launch of JustSwap, a decentralized exchange that utilizes the automated market maker concept that […]

Even amid the ongoing Bitcoin and Ethereum correction, which has brought the two cryptocurrencies down 11 percent and 19 percent from their local highs, respectively, Yearn.finance (YFI) has held up well. The native governance token of the Yearn.finance protocol, one of the largest in the DeFi space, is up three percent in the past 24 […]

The cost of sending transactions on Ethereum has exploded over the past few months as the network has reached all-time highs in terms of transaction capacity and demand due to growth in the decentralized finance sector. According to GasNow, the cost of gas — how transaction fees are calculated — has reached around 700 Gwei. […]