Tag Archives: defi

Bitcoin has overtaken the $16,000 price tag after struggling to remain above it during the weekend. Large-cap altcoins have fallen behind with slight decreases, while the DeFi field sees high volatility once more. Bitcoin Reclaims $16K As reported last Friday, Bitcoin’s impressive performance as of late took the asset towards a fresh yearly high of $16,500. After conquering this significant milestone, however, the primary cryptocurrency slumped. The weekend didn’t produce any...

In 2019, cryptocurrency-related crime – thefts, hacks, fraud amounted to $4.5 billion. The latest data from blockchain forensics company CipherTrace shows that this number has fallen to $1.8 billion this year – a 60 percent reduction. Nonetheless, the DeFi space has seen an explosion in criminal activity. Mainstream Cryptocurrency Crime Declining Says CipherTrace In a tête-à-tête with Reuters, CipherTrace CEO Dave Jevans observed that crypto exchanges and digital asset...

Although BTC has recovered from the two dips beneath $16,000, so far over the weekend, the asset struggles with decisively reclaiming the coveted price level and the area between $16,000 – $16,250. Larger-cap altcoins have also lost some steam, but DeFi tokens have surged in value. Bitcoin Stalls Around $16K Bitcoin’s impressive performance as of late drove the asset from a low of about $15,100 on November 10th to a new yearly high of $16,500 last Friday. The community began...

After marking a new yearly high of $16,500, BTC now seems to be retracing. The cryptocurrency dropped to as low as $15,750 and recovered to where it’s currently trading at $15,880. Most altcoins are following suit. The Correction Begins? There’s a saying for traders that goes – ‘what goes up, must come down.’ In other words, it’s completely typical and healthy market behavior for prices to correct. This gives buyers the opportunity to consolidate and continue accumulating....

Is decentralized finance (DeFi) dying? Or here’s a better question… Is the DeFi space on the verge of suffering?The DeFi Space Isn’t as Strong as It Used to BeThese are the thoughts that are likely going through the minds of crypto analysts and industry experts alike at the time of writing. Bitcoin has been the biggest digital hit of 2020, having risen by more than 50 percent since mid-March. The currency is doing better than ever, but it’s come with a catch. All those who were invested in...

The team behind the mimblewimble-based privacy coin Beam will launch a DeFi platform enabling developers to create confidential, decentralized, and user-friendly financial applications. Dubbed BeamX, the platform will arrive on November 19th, with the first iteration being an experimental network, while the mainnet should be released in Q1 2021. Beam Announces DeFi Platform Called BeamX The press release shared with CryptoPotato described the new platform as a new...

After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces BTC has performed quite decisively lately. The asset jumped to a new year-to-date high on Friday of just shy $16,000. Although it...

During the past 24 hours, Bitcoin tanked to $15,100, but it has recovered since then and trades around $15,400. Most high and mid-cap altcoins have outlined substantial gains and have reduced BTC’s dominance to below 64%. Bitcoin Price Slides But Recovers After peaking at nearly $16,000 last week, Bitcoin has struggled with maintaining such a high price tag. It dropped below $14,300 a few days after, but managed to initiate a false breakout towards $15,800 when news broke...

The milestone comes as TVL across all DeFi protocols hits a record high of $13 billion according to Defi Pulse. So far this month, over $2 billion has been added to DeFi protocols in terms of dollar value crypto collateral, but some of that may be attributed to the increase in Ethereum prices. In terms of ETH, there is now 8.5 million, or 7.5% of the total supply, locked in DeFi and 3.3 million ETH on Uniswap alone. Uniswap, The King of DeFi Uniswap remains at the top of the...

The decentralized platform aimed at lowering risks, costs, and access to DeFi dubbed Union has raised nearly $4 million from several well-known industry giants. The project plans to utilize the funds to develop and launch a set of tools that will further reduce the DeFi risk levels. UNION Raises $3.9M In a press release shared with CryptoPotato, the DeFi platform announced it had raised the funds from popular names such as Alameda Research, Spark Digital Capital, Solidity...