Launched just last week as a fork of Uniswap, SushiSwap has gained traction as the hottest thing in DeFi at the moment. It aimed to build on the popular token swapping protocol but offer a native token as a reward to liquidity providers.Uniswap only offers a 0.3% share of its trading fees to those that deposit collateral on the platform. Clearly, this isn’t enough for avaricious yield farmers who, over the past few days, have been moving their liquidity over to SushiSwap.Sushi TVL Tops a...
Read More »ETH Surges To New 2-Year High as BTC Nears $12,000 (Market Watch)
Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%.2-Year High For ETH, Sushi Enters Top 100Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and...
Read More »Coinbase Welcomes Andreessen Horowitz Co-Founder to Board of Directors
The leading American exchange Coinbase announced today a renewal of its board of directors, incorporating two prominent experts from the technology industry.In an official announcement posted on Coinbase’s blog, Brian Armstrong, the company’s CEO and co-founder explained that they had made two significant replacements to their board of directors.The Hello’sFirst on the list is Marc Andreessen, co-founder of the venture capitalist firm Andreessen Horowitz, one of the most importnat players in...
Read More »Crypto Intelligence Firm Claims Monero (XMR) Tracking Capabilities
The security of Monero (XMR) users could soon be at risk after cryptocurrency intelligence firm CipherTrace announced the creation of tools that enable law enforcement to track transactions on the privacy-oriented blockchain.CipherTrace Claims Ability to Track XMR TransactionsAccording to a press release from Aug 31, CipherTrace collaborated with the US Department of Home Security’s Science and Technology Directorate to develop Monero-tracing technology.The tools will be put to use in...
Read More »Decentralized Oracles on Top of Bitcoin’s Network: RIF Gateways and Chainlink Integration
IOV Labs has announced the integration of RIF Gateways & Chainlink’s decentralized blockchain oracles into its ecosystem, thus enabling developers to access critical price feeds and data resources generated outside the blockchain network.Decentralized Oracles on Top of Bitcoin’s NetworkThe firm’s smart contract platform, the RSK Network, is designed to leverage Bitcoin’s hash power while extending its capabilities. Simultaneously, the decentralized infrastructure protocols of RIF’s...
Read More »Real Or Ruse? This Bitcoiner Lost 1400 BTC ($16M) After Installing An Old Electrum Wallet
An anonymous Bitcoin investor by the name “1400BitcoinStolen” claimed on Sunday that he lost 1400 BTC after “foolishly” installing an old version of the popular Electrum wallet, but turned out to be a phishing scam.A TrapExplaining the unfortunate incident, the victim said he had not been able to access the funds since 2017. After setting up the wallet and attempted to transfer 1 BTC, he received a pop-up message asking him to update his security before he can hat transfer the fund.But...
Read More »TRON Partners with Band to Deliver On-Chain Oracles for DeFi
TRON dApp developers have just acquired new capabilities after TRON announced a partnership with Band Protocol.The deal means that third-party devs will be able to utilize Band’s oracle solution to obtain tamper-proof price feeds and other external data sources. Reliable oracles are regarded as one of the most critical capabilities for a blockchain to acquire, significantly extending the utility of the sort of applications that can be built.The partnership arrives at a good time for both...
Read More »Short Time? After 30,000% Since Launch, Binance Futures Adds Yearn Finance (YFI) For Leveraged Trading
YFI has undoubtedly been the best performing cryptocurrency of the past month in terms of pricing.The governance token of Yearn Finance was announced on July 17th by Andre Cronje and has since taken off in a way no one probably expected.What started as a “0 value” token is currently trading at around $36,000 and has become the first altcoin since 2016 to flip Bitcoin’s dollar value. Now, the world’s leading cryptocurrency exchange, Binance, has launched YFI futures contracts, allowing traders...
Read More »Huobi Futures To Launch Bitcoin Options Trading From Sepmtember 1st
Huobi Futures, the derivatives platform of the popular cryptocurrency exchange Huobi Group, will launch Bitcoin options trading starting September 1st.The company explained that more sophisticated investors are entering the digital asset market, and their BTC options release aims to meet their demand.Huobi Futures Adds BTC Options TradingAnnounced earlier today, the Singapore-based platform plans to release Bitcoin options traded against USDT on September 1st at 10:00 UTC. The new product...
Read More »Short Bitcoin (SBTC) ETP Launched on Germany’s Xetra Electronic Exchange
After the launch of short Bitcoin (SBTC) ETP on Boerse Stuttgart, Germany’s second-largest stock exchange, the crypto trading product is now available on Xetra. This is a significant breakthrough for 21 Shares, which has already tasted success with eleven other institutional-grade crypto exchange-traded products.Short Bitcoin ETP Gets Listed on Deutsche XetraGermany is Europe’s economic powerhouse.Back in February, when 21 Shares announced the launch of their Short Bitcoin (SBTC) ETP on...
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