News

If you’ve read any financial news outlet over the past few months, you’ve likely heard the story of Dave Portnoy. Prior to the ongoing lockdown, Portnoy was best known for being the founder of Barstool Sports — the famous sports and pop culture website. But once the lockdown hit and he had to find something […]

Decentralized finance has attracted much interest from all corners of the world in recent months. This is for good reason: coins pertaining to this space — such as Chainlink, Synthetix Network Token, and THORChain — have literally gone parabolic in some cases while the value of tokens locked in this sphere has shot up. As […]

It’s taken just five days for Cardano fanatics to set up upwards of 700 staking pools after the launch of Shelley, parent firm IOHK noted today. The metrics show the booming demand behind the much-awaited rollout, with other implementations soon to be released in the coming months. As press time, 731 pools are active on […]

The first testnet for the MimbleWimble implementation on Litecoin remains on track for a September launch, lead developer David Burkett said in a July update yesterday. Among the various aspects of the impending launch was focussing on the Initial Block Download in the last month, said Burkett. The protocol is a syncing process between different […]

Ethereum’s intense uptrend seen throughout the past few weeks has had far-reaching implications, even creating a tailwind that some believe sparked Bitcoin’s move from $10,000 to highs of $12,000. Despite facing some immense turbulence this past weekend when ETH posted a rejection at $415, the cryptocurrency has since recovered the vast majority of its losses. […]

The huge crypto crash that took place on Sunday could have been much worse if it weren’t for OKEx’s risk engine. The exchange’s CEO Jay Hao said that Sunday’s flash crash on both Bitcoin and Ethereum resulted in zero clawbacks and zero ADL (Auto-Deleveraging), as the platform’s built-in security mechanisms prevented cascading liquidations after Bitcoin […]

Yearn.finance has quickly become a flagship product of Ethereum’s decentralized finance (DeFi) space. Its native token, which many say is the “fairest cryptocurrency since Bitcoin,” rallied 100,000 percent in the span of a week as investors took interest in the project. Simultaneously, the total value locked in yearn.finance spiked to make it the eighth-largest DeFi […]

As the price of Ethereum rises, the incentive its holders have to sell it increases. Yet data is showing that many holders of the cryptocurrency are opting to use the coin in decentralized finance (DeFi), not sell it. This trend may be pivotal for ETH’s bull case moving forward, say a number of analysts who […]

The crypto community has been buzzing throughout the past couple of weeks as Bitcoin and the aggregated market show signs of life. Following a multi-month bout of sideways trading within the lower-$9,000 region, BTC bulls finally awoke and drove the crypto past $10,000. From here, it rapidly soared to highs of $12,000 before its ascent […]

The developer behind Asuka, a short-lived fork of DeFi project Yearn Finance (YFI), conducted an exit scam this morning, with sources noting the loot was between the range of $30,000-$60,000. Asuka tokens reached over $1,600 in value over the weekend. But — in a reminiscence of Bitconnect — they now trade at under $10.  A […]