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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...
Traders Rotate to Bitcoin Expecting a Quiet Q4 for Altcoins
29.9.2020
Some traders anticipate the leading cryptocurrency to significantly outperforming the entire crypto market for at least the next several months
Bitcoin and Altcoins Continue To Fail Near Major Range Highs
29.9.2020
Bored with Bitcoin price, traders chase gains in altcoins and DeFi tokens
29.9.2020
Bitcoin price is sideways and pinned below $11K, leading traders to seek greener pastures in altcoins and DeFi tokens
KuCoin Hack Shows Key Difference Between Altcoins and Bitcoin
28.9.2020
"Unprecedented" moves by altcoins in the aftermath of the KuCoin hack showed that the old adage "not your keys, not your coins" might be true in the case of decentralized cryptocurrencies such as bitcoin (BTC) only.
As reported, following several abnormal transactions first...
Bitcoin Struggles Near USD 11,000, Altcoins Showing Positive Signs
28.9.2020
Bitcoin price moved into a positive zone after it settled above the USD 10,550 inflection zone. BTC even broke the USD 10,800 resistance level and it is currently (08:30 UTC) struggling to clear the key USD 11,000 resistance zone. A clear break above USD 11,000 could start a fresh rally towards...
Defi Token Exposed as Pump and Dump Scam in Leaked Telegram Chat
28.9.2020
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless...
Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On
27.9.2020
The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply...
Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain
26.9.2020
Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees. On September 24, Bitgo, the custodian of the Wrapped Bitcoin project (WBTC), the most popular tokenized BTC platform to-date, announced a partnership with...
Wish you bought Litecoin and other top alts at mid-2017 prices? Here’s your second chance
25.9.2020
Some cryptocurrencies have retraced from their highs, back to prices seen several years ago
Bitcoin and Altcoins Recovery Reaches Inflection Zone
25.9.2020
Bitcoin price remained stable above USD 10,200 and started a steady recovery wave. BTC broke a major resistance near USD 10,550 to start the current wave. However, the price struggled near the inflection zone at USD 10,800 and it is currently (08:30 UTC) consolidating above USD 10,600.
Similarly...