Category: Altcoins
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Wall Street veteran still thinks Ethereum will continue to outperform Bitcoin
As Bitcoin has broken higher over the past two days, the leading cryptocurrency has finally begun to gain ground against Ethereum. For the past month, BTC has been largely underperforming ETH due to a confluence of fundamental and technical factors. To contextualize this, here are some numbers: according to CryptoSlate data, Bitcoin has gained 33…
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Yearn.finance (YFI) surges to new all-time high above $9,000 as DeFi continues ascent
After a strong 40 percent correction after garnering a listing on Binance, Yearn.finance (YFI) is back in the spotlight as the decentralized finance altcoin has more than doubled in approximately three days. According to CryptoSlate data, the Ethereum-based coin trades at an all-time high price of $9,200, up 30 percent in the past 24 hours…
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New Research unveils how pump and dump schemes work in crypto industry
A new research paper from the University of Technology in Syndey found that pump and dump schemes are rife in the crypto markets, having recorded at least 355 market manipulations in the seven months. Up to 23 million people participated in the schemes. These pump and dump schemes, however, are almost nothing like the ones…
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Chainlink (LINK) “to the moon”: newly minted Bitcoin bull Dave Portnoy
This week, Dave Portnoy sent Crypto Twitter into a frenzy when he revealed that he has finally purchased Bitcoin after he enlisted the help of the Winklevoss Twins — Tyler Winklevoss and Cameron Winklevoss, co-founders of the Gemini crypto exchange and Bitcoin billionaires. Announcing this, he released a ten-minute video to Twitter that played out almost like a…
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Andreas Antonopoulos: Hex Team Offered Me 10 BTC to Speak Well of Their Token
Andreas Antonopoulos says he was offered 10 BTC for an interview with the objective to show that Hex is not a scam. The alleged offer comes as Hex proponents battle persistent Ponzi allegations. Antonopolous, an influential cryptocurrency advocate, also reveals the offer was on condition he does not disclose this inducement. Hex is an ERC20…
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Yield farming protocol tanks and takes YFI, COMP, LEND down with it
The DeFi market took a huge hit earlier today when YAM, an experimental yield farming project, suffered a contract bug that caused its market cap to drop from $60 million to virtually zero. The developers behind Yam Finance declared the project dead earlier today. DeFi protocol YAM crashes after two days The DeFi space was…
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Crypto exchanges are rushing to list Aragon (ANT), but what is it?
Three major crypto exchanges listed Aragon’s ANT tokens yesterday, causing an immediate price bump and frantic Google searches for what the protocol does. Here’s a primer. What is Aragon? Corporations, and societies, work on a centuries-old system of centralization and organization of all humans (read: workers) doing tasks that contribute towards a final goal. The…
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Forget YAM, Ethereum DeFi’s hottest new craze is Based—literally
Just 24 hours after it launched, a new Ethereum decentralized finance protocol called Yam Finance has received deposits of over $400 million worth of altcoins like Wrapped Ethereum and Yearn.finance. Yam Finance’s native governance token, YAM, has similarly seen an influx of capital. According to CryptoSlate data, the asset has a current supply market capitalization…
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How to stake ADA from your Cardano Yoroi wallet
Staking Cardano (ADA) from Yoroi is an easy and straightforward process, very similar to staking your funds from Daedalus. With support for more wallets added every day, the Shelley era of the Cardano blockchain is slowly becoming a reality. Yoroi users can now stake their ADA right from Yoroi With Shelley, the staking era of…
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CoinMarketCap launches platform to incentivize learning about cryptocurrencies
CoinMarketCap, one of the largest coin tracking websites in the industry, has launched CoinMarketCap Earn. In a press release shared with CryptoSlate, the company said that the platform would enable users to earn cryptocurrency rewards for watching educational content and completing quizzes. The first crypto asset to be featured on the platform will be Band…