News

The DeFi craze has led investors and so-called “yield farmers” to jump into just about any protocol that is offering high yields – including ones named after vegetables, like Yam Finance (YAM). Last week, the market bore witness to just how irrational this trend is becoming, with users throwing hundreds of millions of dollars worth […]

Chainlink has witnessed some intense volatility in recent days, with its strong macro uptrend stalling after it set fresh all-time highs of $20.00 earlier this week. Part of this recent strength has been fueled by an influx of publicity from mainstream media outlets that have covered the cryptocurrency’s meteoric rise, as well as attention from […]

Integrating Band Protocol’s oracle with Binance Smart Chain has opened a new door for the DeFi industry. In an interview with CryptoSlate, Soravis Srinawakoon, the co-founder and CEO of Band Protocol, said that this will allow a new system of dApps to be built on the Binance Smart Chain, bringing both Binance and Band Protocol […]

Litecoin — long called the “digital silver” — has strong developments lined up to ensure the token’s long-term growth, said founder Charlie Lee on Twitter earlier today. Some of those include a Litecoin-branded debit card, Grayscale’s Litecoin Trust, and the much-awaited rollout of MimbleWimble, the privacy implementation on Litecoin led by Grin developer David Burkett. […]

Investors of Yam Finance, the yield farming project represented by a vegetable emoji that locked $750 million in investor funds last week before imploding, are not done with its world-changing promise yet, data shows. Yam 2.0 attracts the big bucks Yam Finance took the DeFi sector by storm last week after locking up over $750 […]

In 2017 and 2018, Bitcoin proponents coined the term “the institutional herd” to describe the flood of Wall Street investors and companies that were then expected to grace the cryptocurrency market. That “herd,” at least in 2017 and 2018, never arrived. Most executives and analysts in the space say that back then, most price action […]

Regular visitors to Crypto Twitter likely know of the image seen below. It shows Justin Sun, the entrepreneur-founder of the Tron (TRX) cryptocurrency project, standing beside a sign with the catchphrase “Dare to DeFi” at CoinDesk’s Consensus conference. The reason why this photo is so ubiquitous online is that many in the cryptocurrency space found […]

Over the past few weeks, Yearn.finance community members have been driven by a goal of YFI’s price reaching parity with that of Bitcoin. This goal came to fruition overnight, as the token’s price rocketed to highs of over $12,000 before facing an influx of selling pressure that caused it to dip as low as $9,000. […]

Ethereum fees have seen unprecedented growth in recent weeks, which has been driven by rocketing demand for block space on the network. The daily fees being paid by users to transact on the Ethereum blockchain are now nearly double that seen at the peak of the ICO mania in late-2017 and early-2018, with the decentralized […]

The total value locked of the Decentralized Finance (DeFi) market surpassed $6.4 billion for the first time. In doing so, it caused the valuation of leading tokens, like YFI and REN, to surge. YFI and REN, the native tokens of protocols Yearn Finance and Ren Protocol, surged by 53 percent and 16 percent, respectively. Demand […]