Category: Altcoins

Institutions that want in on DeFi are buying Ethereum first: fund manager

Decentralized finance has attracted much interest from all corners of the world in recent months. This is for good reason: coins pertaining to this space — such as Chainlink, Synthetix Network Token, and THORChain — have literally gone parabolic in some cases while the value of tokens locked in this sphere has shot up. As…

August 4, 2020
Market Wrap: Bitcoin Rebounds to $11,400 After Flash Crash as Ether Closes In on $400

Bitcoin is gaining back what it lost and ether’s upward run seems undeterred as the crypto market recovers from a flash crash on Sunday.

August 3, 2020
Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights. Decentralized finance (defi) is a term used…

August 3, 2020
MCO jumps 36% as Crypto.com’s swap program goes live

Crypto.com unveiled its MCO swap program on August 3, allowing existing holders to shift their tokens to CRO as the protocol shifts to a unified, singular token system for its mainnet. The swap is only available on the Crypto.com App, with a 20% bonus for swaps completed by 2 Sep 2020. Each 1 MCO will…

August 3, 2020
Uniswap does a third of Coinbase volumes while “Tendies” tokens surge

A day in DeFi land is a week in crypto; and even that’s saying something. Decentralized exchange (DEX) Uniswap posted record volumes on Friday, with some rather amusing (and dubious) sounding tokens like “Tendies” contributing to some of that interest. More than Gemini, Poloniex, and Binance U.S. Launched 2018, Uniswap is a smart contract protocol…

August 2, 2020
Uniswap mania: Crypto investors chase massive gains as hundreds of new tokens surface

Throughout the past few weeks, hordes of retail investors have been lured into the DeFi sector by the massive gains posted by many of the crypto assets residing within this fragment of the crypto industry. As many of these tokens start seeing slowing growth, return-hungry investors are now turning towards unconventional methods of getting the…

August 1, 2020
Slow and steady, but Cardano’s Shelley was built diligently and systematically

Charles Hoskinson discussed the effort that went into building Shelley, the upcoming staking era of the Cardano blockchain. The CEO of IOHK said that the company’s “slow and steady” approach to development turned out to be much better in the long run, as it facilitates the creation of an even playing field for every other…

May 28, 2020
Facebook’s digital currency project rebrands to Novi; WhatsApp and fiat-pegged token capabilities remain

Calibra is no more. Just the name, though. Facebook’s ambitious digital currency project underwent a major rebranding on May 26, including a change in name, logo, design, and the addition of some new features. The “new way” As per an official Facebook announcement, Calibra is now Novi, an upcoming digital currency wallet used to access…

May 27, 2020
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just…

May 26, 2020
This trend amongst Chainlink investors might give the crypto a serious boost

Parabolic uptrends in the crypto market tend to be short-lived and followed by immense selloffs, but Chainlink has been able to buck this trend – being one of the few altcoins that has been able to post steady gains over the past year. It doesn’t appear that this strength will disappear anytime soon either, as…

May 25, 2020