Tag Archives: defi

YFI took the crypto world by storm last month when it did the unthinkable and surged higher than Bitcoin’s price at the time.Since its launch in mid-August, the DeFi token pumped monumentally to top out at around $39,000. It is a prime example of demand through scarcity as the big draw for this asset is the fact that there are only 30,000 in existence.Since that giddy height, YFI retreated back to around $18,500 on September 5th. The news that Coinbase Pro will be listing the token has given...

Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360.Bitcoin Stopped At $10,500The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even increased towards its previous 2020 high at $10,500 yesterday. However, the bears stopped it before having the chance to conquer it. Ultimately, BTC...

Binance is willing to go big in the world of DeFi and is investing heavily in promoting its own ecosystem in a clear attempt to take some of the spotlights off Ethereum.During an online panel at The World of DeFi summit, Changpeng Zhao (CZ), the CEO of the world’s largest crypto exchange by trading volume, announced the creation of a $100 million fund to promote DeFi projects running on the Binance Smart Chain.“To bootstrap or to kick off the Binance Smart Chain, and to invite all the...

Sushiswap has successfully migrated its liquidity away from Uniswap and the current numbers are interesting.Data shows that there’s currently around $1.3 billion of liquidity locked in Sushiswap where Uniswap only has around $400 million.SushiSwap Completing MigrationSushiswap, the Uniswap fork that took the DeFi space by a storm, has successfully completed its liquidity migration. The protocol is currently working on its own where liquidity providers no longer stake in Uniswap.The process...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 967. Im heutigen Video geht’s um folgende Themen: Bitcoin Nachfrage steigt weiter an, DeFi User macht 250k aus $200 & 3 Nationen führen bald staatliche Kryptowährungen ein. 1.) Bitcoin Nachfrage steigt weiter an – Grayscale erklärt wiesohttps://cryptomonday.de/bitcoin-nachfrage-steigt-weiter-an-grayscale-erklaert-wieso/ 2.) User von DeFi-Plattform macht aus 200 US-Dollar 250.000...

This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem.Economic Activity SurgesA recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped Bitcoin in terms of seven-day average weekly transfer, which has now reached $3.08 billion compared to $3.01 for BTC.ETH’s 7-day average adjusted...

Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day.Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches the 3 BTC mark once again.ETH Above $370The altcoin market sustained some severe losses in the past week. Nevertheless, they are displaying signs of recovery today, with green...

The Uniswap fork that got all the attention during the past week, Sushiswap, is moving forward with the migration of the liquidity locked in it.According to DeFi monitoring resource Zippo, there’s about $830 million locked in the protocol that will be migrated from Uniswap to Sushiswap. Spearheading the operation is the CEO of FTX.Liquidity Migrating Away from UniswapSushiswap is a fork of Uniswap with a twist – it adds a governance token, essentially turning it into a community-owned...

An Ethereum Improvement Proposal (EIP) which seeks to radically restructure the Ethereum fee pricing mechanism is gaining traction among developers. Known as EIP-1599, the proposal floats the idea of increasing Ethereum’s gas limit, while setting an elastic base transaction fee which is burned automatically.This is expected to return ETH transaction fees to usable levels, after heavy congestion saw unwanted all-time highs recorded all throughout 2020.What Will EIP-1559 Change?Currently,...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 966. Im heutigen Video geht’s um folgende Themen: Mit Bitcoin in 15.000 Restaurants bezahlen, Japans junge Crypto Trader & Ist der DeFi Boom schon vorbei? 1.) Mit Bitcoin in 15.000 Restaurants bezahlenhttps://www.btc-echo.de/schlagzeilen/15-000-restaurants-akzeptieren-bitcoin-zahlungen/ 2.) Most New Customers at Japanese Exchange BitFlyer Are in Their 20shttps://www.coindesk.com/bitflyer-new-customers...