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The past few months have seen Coinbase throw millions of dollars at supporting the budding decentralized finance (DeFi) ecosystem based on Ethereum. As reported by CryptoSlate in December, a product manager at the company, Jacob Horne said: “DeFi, or decentralized finance, is an essential part of an open financial system. DeFi tools are censorship-resistant, unbiased, programmable, […]

China’s secretive stance on digital currencies is starting to reveal traces of long-term aspirations. On one hand, the country does not allow any form of crypto-trading, even calling for the shut down of the Bitcoin mining business in a province earlier this month. But a recent development indicates cryptocurrencies may be on China’s radar all […]

The crypto industry has long been engaged in a debate regarding whether or not the merits of Centralized Finance (CeFi) outweigh those of Decentralized Finance (DeFi). The debate is largely premised around the topic of decentralization – which is one that is an integral component of the cryptocurrency ecosystem. Although Bitcoin – the first cryptocurrency […]

Bitcoin’s short-term market dynamic has shifted greatly following the volatility seen overnight. This turbulence caused the benchmark cryptocurrency to rally to highs of $9,700 before posting a slight rejection that led it back down to the lower-$9,000 region. It now appears that options traders are beginning to grow increasingly bullish on the cryptocurrency – a […]

Days after rebranding the Calibra wallet to Novi, Facebook founder Mark Zuckerberg explained to shareholders how Libra, the firm’s upcoming digital currency, can help bolster revenues from advertising. Ads make over 85 percent of the tech giant’s revenues as per estimates, with payments and other sub-enterprises making up the remaining. Powering global payments Zuckerberg believes […]

Ethereum’s lackluster price action hasn’t stopped large investors from accumulating. New data shows that the cryptocurrency’s largest investors have been busy at work purchasing massive amounts of ETH throughout the past year. This accumulation trend has led so-called “whale addresses” to rocket to a 10-month high, with these investors now collectively owning over 21.8 million […]

Just over two weeks ago, Bitcoin experienced its third block reward reduction. The “halving,” as the event has been branded, halves the rewards miners get for processing BTC transactions from 12.5 to 6.25 coins per block. As these rewards constitute the inflation of the cryptocurrency, a halving is notable: it decreases the inflation rate of […]

Cardano (ADA) has been caught within an intense uptrend in recent times, which has allowed it to firmly outperform both Bitcoin and most of its other peers. This intense rally has come about as development activity on the blockchain booms – being an overt sign of fundamental strength that ultimately suggests that the crypto’s mid-term […]

Reddit’s true crypto adopters may not be subscribed to its crypto-focused subreddit. Weeks after Reddit announced its Ethereum-based Community Points and incentives program for two subreddits, an unlikely contender seems to have come up on top. Slow adoption, little transaction In a rather ironic and hilarious revelation; data from Reddit’s dApp tracker shows r/FortNiteBR, a […]

As it stands, decentralized finance (DeFi) overtaking or rivaling Wall Street is a quixotic dream for its proponents. There are many hacks of DeFi applications, like when a hacker recently drained $25 million worth of Ethereum and other crypto assets from a decentralized lending platform called dForce. And due to misunderstandings about protocols and coins, […]