Category: Altcoins

SBTC Plummets by 99% as Devs Announce Dissolution of Token

The price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64.…

September 23, 2020
Charles Hoskinson lays down the path for Cardano governance

In his latest YouTube video, Charles Hoskinson, the CEO of IOHK, laid out the long and treacherous road they had to take to create a solid foundation for Cardano’s governance. The two most important aspects of a successful governance system—participation and knowledge—wouldn’t be possible without the Cardano community, Hoskinson said, which is why the company…

September 22, 2020
DeFi darling Yam—after suffering a $750,000 bug—is back: what you need to know

The venerable yield farming project that popularized food coins, Yam Finance (YAM), is finally back after a few weeks of hiatus. But before we get into that, some context for those who don’t know. Yam is a project that originally launched around the start of August with the premise of fairly distributing coins to Ethereum…

September 21, 2020
Here’s why this Ethereum exchange fork lost $500m in locked value

As much as it may be looked down on in the “real world,” the crypto industry is full of copycats. Because most blockchain projects open source their software, any developer can easily adapt, then publish websites, contracts, and codebases that eerily resemble that of a competitor. This has accelerated in Ethereum’s decentralized finance space, where…

September 20, 2020
Here’s how Uniswap’s (UNI) 600% rally could trigger another DeFi boom

Earlier this week, leading decentralized exchange Uniswap shocked the crypto world when it released the UNI token after months of anticipation. The coin was released retroactively to almost all historical users of the platform, but even still, the coin surged after its launch, shaking off selling pressure from those dumping their free allocations. From the…

September 19, 2020
Why this prominent crypto analyst thinks Ethereum DeFi has topped for now

Despite weakness in legacy markets, Ethereum has performed well over the 36 hours since the launch of Uniswap’s UNI token. From the time of the announcement, the coin has gained in excess of five percent, outperforming a majority of other cryptocurrencies. Chart of ETH’s price action since the Uniswap launch. ETHUSD Chart from TradingView Decentralized…

September 18, 2020
Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B

,The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however, the rise northbound has…

September 17, 2020
‘Alt-season’ abruptly ends as Bitcoin dominance rises near quarterly close

Bitcoin price is gathering strength as its dominance rate bounced from recent lows, possibly bringing a close to the altcoin season.

September 17, 2020
This crypto VC giant just threw its weight behind DeFi’s Yearn.finance (YFI)

Despite pulling back by 25 percent from its all-time high of $44,000, Yearn.finance (YFI) remains an integral part of the Ethereum decentralized finance narrative. So much so that a prominent venture and hedge fund in the space announced that they recently threw their weight behind the protocol. YFI is valued at over $1 billion, making…

September 17, 2020
Leading Ethereum DeFi protocol Uniswap just launched the UNI token

After teasing the Ethereum community last week when the following image was teased, leading decentralized exchange and decentralized finance protocol Uniswap just released its own token. Pretty colors pic.twitter.com/KaMZtgcxmN — Hayden Adams ? (@haydenzadams) September 9, 2020 This comes after the platform has seen strong adoption across the Ethereum and crypto space. As reported by…

September 16, 2020