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Bitcoin and Altcoins Dips Remain Attractive To Buyers
12.10.2020
Bitcoin price is showing signs of a seemingly short-term downside correction from the USD 11,500 resistance. BTC corrected below USD 11,300, but it is currently (13:00 UTC) approaching the USD 11,250 support level. The price might remain well bid near the USD 11,200 and USD 11,050...
12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ?
12.10.2020
The ongoing hype about the abnormally high returns from Defi tokens has naturally seen many more investors moving funds to decentralized protocols. As of October 10, total value locked in Defi protocols was nearly $11 billion. However, despite this apparent endorsement of Defi, rug pulling...
Bitcoin and Altcoins Signaling More Upsides
12.10.2020
Bitcoin price gained strength after there was a clear close above the USD 11,000 resistance. BTC was able to clear the USD 11,250 and USD 11,400 levels. The price is currently (05:00 UTC) consolidating gains below USD 11,500 and it seems to be aligning for the next upside break.
Similarly, there...
Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI
12.10.2020
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to...
Yearn.finance (YFI) gains 36% as DeFi tokens follow Bitcoin’s bullish trend
10.10.2020
Yearn.finance (YFI) price surged by 58% in the last few days as three key factors suggest investors expect further upside
Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral
10.10.2020
There’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors. The project called Boringdao, a decentralized bridge between Ethereum and alternative blockchains, plans to launch...
Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting
10.10.2020
The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also...
Bitcoin and Altcoins Recover, Bulls Eyeing Upside Break
9.10.2020
Bitcoin price held the key breakdown support at USD 10,550, and recently started a fresh increase. BTC broke the USD 10,700 level and it is currently (08:30 UTC) trading above the USD 10,800 resistance. To continue higher, the price must surpass the USD 10,950 and USD 11,000 resistance...
SEC Commissioner Peirce Weighs in Defi Token Regulation Debate: Panel Predicts Defi Will Self Correct in Twelve Months
9.10.2020
The U.S. Securities and Exchange Commissioner, Hester Peirce says while defi tokens carry some equity-like benefits, she believes that giving something away is distinct from selling something. As a result of this lack of clarity, Peirce says questions about the regulatory structure and how these...
Bitcoin and Altcoins Vulnerable To More Downsides
8.10.2020
Bitcoin price started a fresh decline from the USD 10,800 resistance. BTC settled below USD 10,650 and it is currently (08:30 UTC) struggling to stay above the USD 10,550 support. If BTC slides below USD 10,550 and USD 10,500, there could be a sharp decline.
Similarly, most major altcoins...
Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M
8.10.2020
Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624...
Bitcoin and Altcoins Showing Signs of Bearish Continuation
7.10.2020
Bitcoin price failed to surpass the USD 10,800 resistance, resulting in a fresh bearish wave. BTC traded below the USD 10,650 support and it even tested the USD 10,550 support zone. The price is currently (08:30 UTC) consolidating losses above USD 10,550 and remains at a risk of more...
Bitcoin and Altcoins Trading Near Key Breakout Zone
6.10.2020
Bitcoin is trading above the USD 10,550 and USD 10,650 support levels. Having said that, BTC is approaching a crucial breakout zone near USD 10,800 and USD 10,950. The price is currently (08:30 UTC) trading well above USD 10,650 and it seems to be preparing for the next major move.
Similarly, most...
Ethereum Transaction Fees Fall 82%, as Defi Hype Eases
6.10.2020
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode...
Bitcoin and Altcoins Facing Uphill Task, XRP Outperforms
5.10.2020
Bitcoin price found support above USD 10,350 and the bulls managed to avert a sharp decline below the USD 10,250 support. BTC started a sharp increase above USD 10,550, but it failed to surpass USD 10,800. The price is currently (08:30 UTC) trading near USD 10,700 and it might correct lower towards...
ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron Network
4.10.2020
A recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $113 billion higher than in Q2 2020. From these volumes, the Ethereum blockchain accounts for 96% or $119.5 billion of the total created value with the majority of this being attributed to...
Bitcoin and Altcoins Turn Red After Rejection Near Range Highs
2.10.2020
Bitcoin price failed to clear the key USD 10,950 and USD 11,000 resistance levels. As a result, there was a sharp bearish wave below the USD 11,650 support. The price is currently (08:30 UTC) down 4% and it could continue to move down towards the USD 10,200 support zone.
Similarly, most major...
Bitcoin and Altcoins Approaching Make-or-Break Levels Again
1.10.2020
Bitcoin price is showing early signs of an upside break above the USD 10,800 resistance. BTC is currently (08:30 UTC) consolidating near USD 10,800 and it seems like the bulls are working on an upside break above the USD 10,950 and USD 11,000 resistance levels in the next 2-3 sessions.
Similarly...
Bitcoin and Altcoins Stuck In a Crucial Range
30.9.2020
Bitcoin price is still struggling to clear the USD 10,950 and USD 11,000 resistance levels. It seems like BTC is stuck in a crucial range above the USD 10,550 support. The price is currently (08:30 UTC) well above the USD 10,550 and it might make another attempt to surpass USD 11,000 in the coming...
Messari Says Initial Dex Offerings Are ICO 2.0, Urges Investors to Resist Initial Hype
29.9.2020
Crypto research firm, Messari says new Defi token offerings or initial dex offerings (IDO) are a reincarnation of initial coin offerings (ICO) and warns average investors to steer clear these. The firm notes that several early participants of IDOs are the ones that typically make off with outsized...