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After being handed over the admin keys for the Uniswap fork project SushiSwap this weekend, Sam Bankman-Fried, the founder of crypto exchange FTX, proposed a future plan for the project over Twitter. Tokenomics and a multisig vote Bankman-Fried said that first and foremost was ensuring the project’s migration was successful. This means moving over $180 […]

Late last week, leading Ethereum decentralized finance protocol Curve was forked into a new protocol focused on the community after a number of controversies. As reported by CryptoSlate, this fork has been dubbed “Swerve” (quite the clever name) and has seen success despite it being a fork, garnering hundreds of millions worth of deposits. By […]

Sushi, the governance-cum-liquidity pool tokens for SushiSwap, have seen an unexpected boom in their nascent lifespan in terms of both prices and controversies. Not only did the token’s founder, the anonymous Twitter account “Chef Nomi,” sell over $10 million in return for their “week’s worth” of work before handing over admin keys to FTX founder […]

The price of YFI, the native token of the decentralized finance (DeFi) giant Yearn.finance, surged 30% in 1 day. YFI rose from $21,500 to as high as $28,151 on Binance within 12 hours, demonstrating strong momentum. Three key factors have buoyed the short-term rally of YFI: its extended consolidation, an expanding development team, and recent […]

The current economic superpowers would have been a surefire bet some years ago to lead blockchain and cryptocurrency adoption in the world. However, the data shows this is not the case. LatAm leads in Bitcoin adoption In its latest report on global crypto adoption, on-chain analytics firm and security provider Chainalysis said that of the […]

A London-based Bitcoin wallet company is reportedly considering a public listing in the UK in the coming months, according to British news outlet Telegraph. Bitcoin app plans to go public Weeks after a new Bitcoin exchange-traded fund (ETF) was approved to trade in Europe, a Bitcoin-centric company is plotting out a public offering of its […]

In 2019, one of the biggest narratives in the crypto market was the PlusToken pyramid scheme. For those unaware, PlusToken was a Bitcoin wallet pyramid scheme operating in Asia that managed to garner over $2 billion worth of deposits over the course of half a year. The scam’s operators attempted to obfuscate the funds they […]

After a user mistakenly sent $1 million worth of USDT to Swerve’s token contract, Tether’s CTO Paolo Ardoino reached out to the community saying that the company would be able to recover the funds were ERC-20 USDT stuck in an Ethereum address. The quick reaction, while celebrated by the user, sparked an important conversation about […]

Last week, a coin attempting to leech off the success of Yearn.finance (YFI) launched. Dubbed “Soft Yearn” (SYFI), the Ethereum-based crypto asset was launched with the premise of emulating the price of 0.0003 YFI through a rebasing mechanism popularized by Ampleforth (AMPL). As the project’s website reads: “Soft Yearn is an adaptive cryptocurrency that will […]

It’s been a tough past week for the crypto market, with coins from Bitcoin to the smallest altcoins plunging lower. The drop has been pinned to a number of factors: A bounce in the value of the U.S. dollar, which has compressed the value of foreign currencies, gold and BTC included. An influx of miner […]