Tag Archives: defi

DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year.One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to have ever flipped Bitcoin’s dollar value.YFI/USDT. Source: BinanceThe token is the basis of the Ethereum based DeFi yield aggregator Yearn.Finance, which allows users to earn interest and...

Less than a week ago, the influential legacy markets day trader Dave Portnoy, had a meeting with Cameron and Tyler Winklevoss – the founders of Gemini and well-known Bitcoin proponents.Even though he supposedly bought Bitcoin during their meeting, his enthusiasm for the primary cryptocurrency was shortlived.Now, Portnoy openly solicits cryptocurrency pump and dump schemes, shilling low-cap altcoin to his 1.7 million followers. Industry experts were quick to observe the similarities between...

Börsenhandel ohne Börse: Die DeFi (decentralized finance) Plattform Morpher Der Börsenhandel ist eine der grössten und bedeutendsten Industrien der Welt. Aktien, Rohstoffe und Währungen zu handeln ist dennoch nicht einfach, kostenintensiv und unfair für die meissten Teilnehmer. Wer handeln möchte braucht zumindest eine Bank, einen Broker, eine Börse und schliesslich noch einen Gegenpart der zur selben Zeit, am selben Ort, den selben Markt,...

The daily transaction count on the Ethereum network reached a two-year high with 1.27 million, which is the closest number displayed to the all-time high from January 4th, 2018, at 1.34 million.Simultaneously, the transaction fees have dropped significantly from the ATH marked just a few days ago.Ethereum Transaction Count At Near ATHWith the ongoing DeFi boom and over $6 billion total value locked, the Ethereum network, which is the underlying technology of most DeFi projects, has...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 949. Im heutigen Video geht’s um folgende Themen: Marktkapitalisierung von DeFi explodiert, Grayscale Bitcoin TV Werbung bringt starke Woche & China’s CBDC ist nicht zu stoppen. 1.) Marktkapitalisierung von DeFi explodiert: 15 Milliarden USD überschritten!https://www.coinkurier.de/marktkapitalisierung-von-defi-explodiert-15-milliarden-usd-ueberschritten/ 2.) $217 Million Pour Into Grayscale’s Crypto Funds...

As per the latest statistics, around $8 million was paid as fees to conduct transactions on the Ethereum network. That works out to be approximately 18,300 ETH. What is driving this humongous spike in gas fees? Research shows that it is due to the booming ‘yield farming’ craze.Gas Fees Tops $8 Million Led By Massive Transaction DemandAs per data from Glassnode, transaction fees paid on the Ethereum network topped $8 million recently (read August 13, 2020).This is a new all-time high level for...

With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version.Two-Step Migration Process for YAMIn a Medium blog post on Friday (August 14, 2020), the YAM Finance team announced plans for a planned migration to a new protocol called YAM 2.0. According to the team, the migration will be implemented if there is enough support from the community.The migration planned follows from a failure of the YAM...

This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector.Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t mean that there was no volatility.On Monday, BTC briefly broke for the second time above $12,100, causing serious enthusiasm in the community. Over the next few...

One of the more popular protocols in the DeFi space, Curve Finance, saw its CRV token deployed by an anonymous developer who appears to have front-run their efforts.The team has confirmed the legitimacy of the deployment and its further adoption. Shortly after, some of the major exchanges, Binance and Poloniex, announced their support for trading the token.Curve Finance (CRV) Token DeploymentThings happen fast in the cryptocurrency industry and even quicker in the booming DeFi space. Earlier...

Ethereum’s native cryptocurrency, Ether has experienced an explosive price action in the last few hours. ETH surged by more than 8 percent to move past the $420 price mark breaking out of a week-long consolidation.Also, the Ethereum based decentralized finance ecosystem just registered a new milestone. The total USD value locked in DeFi hit the $5 billion mark.ETH Regains Position Above the $420 Level After 2 YearsIn a thunderous bout of volatility, ETH jumped by more than 8 percent to...