Tag Archives: ethusd

The majority of recent DeFi food flavored tokens have been backed by very little, and consequently end up as just pump and dump schemes.Today’s DeFi flavor is pineapple and the protocol is doing something a little different by enabling farmers to mine non-fungible tokens (NFTs) for crypto collectibles.Non‑fungible tokens are a special type of token on the Ethereum network using the ERC-721 and ERC-1155 standards that create verifiable digital scarcity.Farming Non-FungiblesMeme enables users...

Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform.It broke Bitcoin’s record of the all-time high in terms of USD prices. The YFI token attained highs of over $38,000 in August and even peaked above $43,000 in mid-September 2020.Do you know what’s the difference between the YFI project and other majority governance tokens in DeFi? Scarcity! Yes, there’s a very limited supply of YFI tokens. The maximum supply can never exceed...

The decentralized crypto exchange protocol C.R.E.A.M. Finance announced its decision to conduct a significant token burn today, September 20th, after a strong internal discussion.The official account of the protocol explained that following consideration of several possible reductions in supply, the alternative of burning 67% of all the $CREAM tokens was chosen as the best. This implies that more than 6 million $CREAM tokens will disappear forever once the burn is complete.Goodbye, Governance...

Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000.Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500.Bitcoin Paints A New 2-Week HighAs reported by CryptoPotato yesterday, Bitcoin displayed issues when trying to overcome the psychological $11,000 level. In the past 24 hours, the primary cryptocurrency initiated another attempt, which seemed significantly more...

The launch of Uniswap’s governance token UNI caught the cryptocurrency market left, right, and center. Some folks who received the airdrop for being a loyal Uniswap user before September 1, dumped it on the market to avail their free helicopter money. Some held on.Nonetheless, UNI got listed on Coinbase Pro, Binance and it’s price shot through the roof. It’s now on number 32 as per CoinGecko. But can it break into the top 10?UNI Token Price Pumps, Dumps Then Again PumpsAs reported by...

A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency.Generating $6,897 Worth Of Ethereum and MoneroAs per a recent news report, between January and February 2018, Khoo has managed to use two supercomputers at his workplace for the purpose of mining...

Bitcoin took another swing at $11,000 but got rejected, and trades just shy of the coveted level. Most alts are retracing slightly, while UNI continues to attract attention, and its price has increased to $7.Bitcoin Stopped At $11KAfter yesterday’s relatively calm price performance, the primary cryptocurrency initiated another leg up towards $11,000. The move began from about $10,900, and in just a few hours, BTC topped at $11,020 (on Binance).However, the bears intercepted it and drove the...

This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value.The cryptocurrency tapped the important psychological and technical resistance at $11,000 but failed to conclusively close above it. Still, Bitcoin regained a serious portion of the total market capitalization as its dominance increased by...

Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After breaking above, Bitcoin continued to push beyond resistance at $10,600 as it reached resistance at $11,051 (bearish .5 Fib Retracement)...

There’s never a dull day in the cryptocurrency market. From food-based meme coins that attract billions of locked value and generate extremely high yield, to a likely mistake that caused the price for a token to surge half a million percent in a few hours – there’s something for everyone.Buying the Wrong UNIUNI (the latest one) is the governance token of the largest decentralized exchange protocol and automated market maker, Uniswap.As CryptoPotato reported yesterday, the token generated...