Crypto news

YAM – the financial experiment that started less than 48 hours ago crashed following an error in its rebasing mechanism that wasn’t fixed in time.This event highlights the importance of proper due diligence in the field. Even though the development team made everything they can to disclose the dangers and the risks of the protocol, and they put warning signs wherever they can, people lost money as YAM’s value was virtually obliterated.What Happened With YAM?Yesterday, CryptoPotato reported...

Stellar lumen price started a steady decline from the $0.1180 resistance zone against the US Dollar.XLM price declined below the $0.1080 support level and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.1050 on the 4-hours chart (data feed via Kraken).The pair could extend its decline towards the $0.0950 support before it might start a fresh increase.Stellar lumen price is slowly moving lower below $0.1050 against the US Dollar, while...

[PRESS RELEASE – PLEASE SEE DISCLAIMER]Barcelona, 13 August 2020 – Gocoworker is a Distributed Autonomous Organisation for Talents, leader in communal work, for sustainable jobs.The world’s economy is undergoing a global systemic crisis: where inflation in the world’s money supply is no longer sufficient to revive the international economy. Pyramidal organizations have reached their limits and are ineffective in the face of the increasing complexity of global challenges. The commodification...

Bitcoin price is holding a couple of important supports near the $11,200 level.The price is slowly rising, but it struggling to clear $11,600 and the 55 SMA (H4).There is a key bullish trend line forming with support near $11,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must clear the 55 SMA and the $11,600 resistance to restart its rally in the near term.Bitcoin price is showing a few positive signs above $11,000 against the US Dollar. However, BTC must...

The leading cryptocurrency data aggregator website CoinMarketCap has launched a new earning initiative for users. Dubbed CoinMarketCap Earn it will enable customers to watch educational videos and complete quizzes about certain digital assets and receive a pre-determined amount of coins as rewards.CMC Earn Is LiveThe official announcement from the popular data aggregator asserted that the new program will be a “place for crypto enthusiasts to learn more about a crypto-asset while getting...

YAM Finance, the latest yield farming sensation, witnessed a bug in the rebase mechanism. However, the developers of the protocol assure users that funds are unaffected.Bug Found in Unaudited DeFi ProjectDevelopers at new DeFi sensation have found a bug in the protocol’s rebase contract. The team announced the news via Twitter hours ago.Rebasing refers to the process of setting a new base level for a price index. As an elastic supply token, rebasing should trigger push/pull pressure on YAM...

Adam Todd – CEO and developer of Digitex Futures, a cryptocurrency futures exchange that offers its customers zero fees – says that his company’s native cryptocurrency DGTX is slated to change the way individuals trade digital assets forever.DGTX Has a Unique Way of Bringing Traders to the TableHe says that the biggest thing that DGTX has going for it is that whoever engages in trading the asset will ultimately experience commission-free trades. That means there are no third parties that will...

It looks like Russia has a relatively healthy attitude towards cryptocurrencies after all.Russia Says It’s Not Banning Crypto FullyBeginning on January 1 of next year, Russians can engage in various cryptocurrency-related activities including trading, buying and selling them with exchanges and for other digital tokens. The country’s relationship with digital money has been something of an up-and-down game over the past few years, and now it looks like officials have finally taken a stance.The...

The DeFi space continues to amaze as there’s something unbelievable happening almost every other day.YAM – a cryptocurrency created less than a day ago with absolutely no economic value at launch, is currently trading at over $150.And that’s not even the part that’s hard to grasp. In less than 24 hours, the cryptocurrency community has locked $500 million in DeFi protocols to farm YAM. This led to a market-wide increase as all of the supported protocols see their native tokens skyrocket.YAM...

With bitcoin moving so stealthily over the past few weeks, it seems like several businesses are looking to get their hands on it and add it to their growing portfolios. One such company is intelligence software firm MicroStrategy Inc., which recently spent $250 million on roughly 21,000 bitcoin units.MicroStrategy Is Heading the Bitcoin GameAt the time of writing, bitcoin has suffered another disastrous drop of about $600, falling from the high $11,900 range into the low $11,300 range. It’s...