Ethereum (ETH)

Just as Bitcoin was a spark for the cryptocurrency movement, it seems that Ethereum is likely to take a similar role in the history of DeFi.Decentralized finance is undoubtedly the biggest hit of 2020, with $12 billion in total value locked looking like a realistic target for 2020. Over recent months, several dApps have topped the charts on DeFi Pulse. Compound, Aave, and Uniswap have recently taken the number one spot, pushing the previously-dominant Maker down the rankings.However, as the...

The move to launch the cryptocurrency lending service will go a long way in bringing the much revered DeFi product to thousands of BitMax customers.A foremost cryptocurrency exchange in Japan BitMax and an offshoot of Japan-based social media messaging giant LINE has unveiled its cryptocurrency lending service. Per reports from CoinDesk Japan, the LINE backed exchange BitMax’s lending service will allow users to lend crypto assets such as Bitcoin and Ethereum to exchanges and obtain rental...

2020 has been a big year for bitcoin in many ways. It made people finally realize just how strong the asset can be considering it survived the drops it incurred thanks to the COVID spread. People began to view it as a “safe haven” asset that could potentially be utilized to keep one’s wealth stable during inflation and times of economic strife. 2020 also introduced us to the concept of yield farming, which is a new bitcoin-based “pastime” that is really taking the world by storm with its...

Yearn Finance has become the hottest thing in DeFi over the past couple of months when it introduced high yielding liquidity vaults boasting three-figure annual returns.Since then, liquidity has fallen back, and collateral has been shifted to better yielding pools resulting in a slump in earnings. According to Defipulse.com, Yearn liquidity has fallen 26% over the past 30 days.The best example of this is the yETH vault, which, when launched, promised over 90% APY in ETH for those that...

Another bitcoin auction is in the books. This time around, the auction will take place in the country of Romania, a first for the European nation.Romania Is Having Its First Bitcoin AuctionRomania’s National Agency for the Management of Seized Assets will be responsible for finding a buyer for the small amounts of bitcoin and ether it will be looking to sell off. The money was taken following a fraudulent money scheme. Roughly 0.97 of ether is available for purchase, while more than 1,670...

2020 has been a good year for Ethereum: its price increased month after month, and its technological security is at a new peak now that its total hash rate is at ATH levels.The Ethereum hash rate is above 250 Terahashes per second for the first time in its history. This new record comes after an almost uninterrupted growth of 80% since January of 2020.A Steady Race to the MoonAccording to Glassnode, the recent influx of new miners seems to be caused by the rapid growth of the DeFi industry...

The DeFi space continues to expand as the total value locked in protocols has recently almost hit $11 billion. More interestingly, BTC value locked in DeFi is also on the rise as there are currently around 141,000 bitcoins locked in various lending protocols.RSK’s infrastructure framework (RIF) has recently integrated Maker’s DAI stablecoin into its ecosystem.RIF Integrates Maker’s DAI StablecoinThe RSK infrastructure framework (RIF) has integrated the DAI stablecoin on its Bitcoin-powered...

The RIF BTC-ETH bridge was developed by the RSK team and it serves as an interoperability bridge that locks the original token such as DAI on the Ethereum blockchain while minting an ERC777 ‘side token’ that can move freely on the RSK network.The RSK Infrastructure Framework (RIF) development team has launched the DAI stablecoin coin through the BTC-ETH bridge dubbed the RSK-Ethereum token bridge. According to a press release issued by the RSK Network, one of the most secure smart contract...

Ethereum price started an upside correction from the $335 support against the US Dollar.ETH price is currently struggling to clear the $355 resistance and trading near the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $352 on the 4-hours chart (data feed from Coinbase).The pair could either rally above the $355 resistance or it might start a fresh decline below $350.Ethereum price is approaching a major breakout zone near $355 against the US...

Yield chasers in search of the next “DeFi gem” are falling victim to elaborate scams with rogue actors on the prowl, using cleverly devised malicious contract codes to steal funds.From “rug pulls” to outright absconding with presale funds, the activities of DeFi scammers are threatening to overshadow the novel developments in the emerging crypto market niche.DeFi Farming Hopeful Loses 36,000 UNI TokensTweeting on Oct. 5, Alex Manuskin, a researcher at crypto keyless wallet maker ZenGo,...