News

Throughout late-2019 and early-2020, protocol tokens with staking mechanisms garnered significant support amongst users, with tokens like Tezos (XTZ) drawing in massive inflows of investor capital due to lucrative monthly rewards. Although a stable five percent+ annual yield may have been attractive six months ago, the advent and rise of decentralized finance has stolen the […]

The long-awaited decentralized derivatives exchange Serum got its big reveal earlier this week, when Sam Bankman-Fried, the CEO of FTX, demonstrated its testnet during an online panel. While the DEX won’t ship for another few weeks, the first look at the innovative, Solana-based platform showed that users will be looking at one-second latency and transaction […]

Chinese citizens moved over $50 billion from the country using Tether to avoid upcoming capital flight rules, reported news outlet CNBC. China tethers up Chainalysis, the on-chain crypto analytics company, provided data for the report. It stated that Chinese investors were transferring more money than allowed out of the country if the numbers were considered. […]

The foremost Ethereum-based decentralized exchange, Uniswap, has garnered much traction in recent weeks due to the growth in the decentralized finance (DeFi) space. As reported by CryptoSlate previously, the decentralized exchange, better defined by the term “automated market maker,” has been processing over 100,000 transactions each day.  This amounts to around 1.2 transactions every second. […]

Ethereum has been fracing a transaction fee problem over recent weeks. According to ETH Gas Station, a data site tracking the cost of Ethereum transactions, the cost of gas has reached 100 Gwei, though this was as high as 350 Gwei last week. Transactions now are 900 percent more expensive than they were at the […]

Basis, one of the earliest DeFi stablecoins in the industry, has been resurrected into Basis Cash and relaunched by a new anonymous team. In an interview with CryptoSlate, the project’s anonymous lead Rick Sanchez said that his developer group decided to remain anonymous to avoid censorship, adding that the sole motivation behind Basis Cash was […]

Throughout its relatively young history, Bitcoin (BTC) has not stayed above the pivotal $10,000 level for many prolonged periods. In the last several weeks, the top cryptocurrency has remained relatively stable above $10,000. According to data from the pseudonymous analyst “Hsaka,” the recent uptrend is the fourth-longest period BTC stayed beyond $10,000. The trend suggests […]

The next two phases for decentralized organization tools provider Aragon are set to launch soon, the firm said in a release. The next Aragon phase The Aragon Network was scheduled with a three-phase roadmap after its launch. So far, two phases have been successfully completed, with the Phase 3 now underway. And to ensure this […]

China’s ByteDance and its extremely popular social media app TikTok are in turmoil in the US as President Trump has threatened to ban the application if a merger with a US company, namely Microsoft, does not occur by September 15th. Trump has taken a very aggressive stance against the Chinese control of Tiktok, stating: “Right […]

A bunch of internet anons and their crypto picks have purportedly outperformed hedge funds in the crypto space, according to data by on-chain analytics firm Messari. 4chan’s /biz channel, the tongue-in-cheek go-to for trollers (and even the sane) for business and financial advice, has picked some top-performing altcoins this year. These include altcoins like Chainlink […]