Tag Archives: MKRBTC

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...

The DeFi space continues to amaze as there’s something unbelievable happening almost every other day.YAM – a cryptocurrency created less than a day ago with absolutely no economic value at launch, is currently trading at over $150.And that’s not even the part that’s hard to grasp. In less than 24 hours, the cryptocurrency community has locked $500 million in DeFi protocols to farm YAM. This led to a market-wide increase as all of the supported protocols see their native tokens skyrocket.YAM...

Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday.BTC/USD, Bitstamp. Source: TradingViewThe move has kept BTC within its range-bound channel as the consolidation, which began in early May, resumes. Trading volumes and volatility is dwindling, which could signal...

The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase.Compound TVL Crosses $400M TVL MilestoneWith the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project crossing the $400M mark in total value locked (TVL). Barely a week ago, this figure stood at $100 million. Compound becomes the second lending...

Coinbase Pro, the professional trading platform of leading American cryptocurrency exchange and wallet provider Coinbase, is adding support for Maker DAO’s token (MKR) again after a failed listing attempt in April 2019.MKR Trading Starts Tuesday, June 9According to a Friday announcement, Coinbase Pro will start accepting MKR deposits from users on Monday, June 8. Full trading is scheduled to begin at 9 AM Pacific Time (PT) on Tuesday, June 9, once sufficient liquidity is established on the...