Category: Altcoins

This Yearn.finance (YFI) “competitor,” Harvest, just hit $1,000,000,000 in deposits

Most investors lack the knowledge, time, and spare Ethereum to yield farm for themselves. Thus, like with index funds and other “simple” financial products, innovators in the cryptocurrency space have created platforms that automate the process. Yearn.finance is by far the largest of these products. After YFI launched months ago, capital flooding into the platform…

October 22, 2020
Filecoin Founder Accuses Justin Sun of Spreading Lies About FIL Tokens as Fresh Dumping Allegations Emerge

Juan Benet, a founder at Filecoin, is attacking Justin Sun for spreading completely false accusations about the movement of the FIL tokens soon after listing. In his long Twitter rebuff, Benet accuses Sun of spreading lies with the intention of harming the Filecoin project financially. Calling the accusations ridiculous, Benet says no one from the…

October 21, 2020
Bitcoin’s ETF chances are improving as global crypto regulation increases

Much crypto investor focus has been placed on decentralized finance over recent months. But an underlying narrative remains the potential for a U.S.-regulated Bitcoin exchange-traded fund, which should theoretically allow any investor to easily and securely build a bet on digital assets. Firms such as Gemini and VanEck have made multiple attempts at launching a…

October 20, 2020
An Ethereum VR Game Featuring Atari and Care Bears Sells Plots of Virtual Land for $76K

A great number of Non-fungible tokens (NFTs) have been selling on various marketplaces this year creating tens of thousands of dollars in NFT sales. One particular platform called The Sandbox has been selling virtual land parcels for thousands of dollars worth of ether. The Sandbox is a virtual world that lets players create and own…

October 19, 2020
This user lost $1m of top DeFi coin Aave (AAVE) by accident: here’s why

Just recently, top Ethereum decentralized finance project Aave began transitioning its native token LEND to a new token called AAVE. LEND had become outdated as it was named after the project’s predecessor, ETHLend, and lacked certain technical and economic functionalities. While this transition was done was good intentions, it didn’t turn out for everyone. One…

October 19, 2020
Bloomberg brands Polkadot (DOT) an “Ethereum blockchain killer” in new article

Ethereum has long been the leading smart contract blockchain after its launch in 2015. It has faced contenders in Cardano, Stellar, and many other blockchains, but as of now, they have yet to make a serious dent into ETH’s market share. This may be changing, though. Bloomberg recently released an article branding the recently-launched Polkadot…

October 19, 2020
Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic Model Is Not Working

The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal. This weekend a few Filecoin miners have been on strike and claim the economic model is not working out for them. Just recently the…

October 18, 2020
Cardano’s Ouroboros paper is the 2nd most cited academic paper about cryptocurrencies and blockchain

“Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol” has made it to the topmost cited security papers list. According to the latest ranking from Google Scholar, the paper, outlining the proof-of-stake mechanism that underlies Cardano, is the second most cited paper in the cryptocurrencies and blockchain category with 183 citations. Ouroboros among the most cited academic…

October 18, 2020
Ethereum data: Top crypto investor Polychain has accumulated 330 Yearn.finance (YFI)

Yearn.finance (YFI) has faced an extreme decline in recent weeks as the once-leading DeFi project has faced a series of shortcomings. As CryptoSlate reported previously, FTX and Alameda Research CEO Sam Bankman-Fried said that the asset’s decline can be pinned to three factors: The rest of the DeFi market has undergone a strong correction, resulting in…

October 18, 2020
Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack

Yearn Finance founder Andre Cronje suggests he did not mishandle the Eminence (EMN) project’s economic exploit, which he insists functions well. He accuses certain social actors of creating a story around EMN that caused rational actors to jump onto the token. Cronje’s comments follow reports that a group of defi community members planning to sue…

October 17, 2020