Defi Project Yearn Finance Smashes Records as Native Token Surpasses $30K

The decentralized finance (defi) crypto asset tied to the Yearn Finance project has smashed records this week, as the coin touched a high of $30,324 on Saturday evening. Yearn’s token YFI has been recently added to the Aave platform and the project’s founder, Andre Cronje, is currently talking about collaborating with the exchange FTX. Yearn … Read more

Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone and during the last seven days, $2.4 billion … Read more

Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Assets

During the last 12 months, large cryptocurrency exchanges have been getting into digital currency staking and creating SHA256 mining operations. Just recently, Binance announced the launch of its mining pool following exchanges like Okex, and Huobi. Alongside this, a great number of crypto exchanges are staking proof-of-stake (PoS) coins, which have caused some grievances among … Read more

Q1 Crypto Trade Volume Jumps 61%, Bitcoin’s Price Performance Trumps Equity and Gold Markets

For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial incumbents. Despite the market carnage on March … Read more

Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

The bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes haven’t … Read more

Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet

On February 7, Cold Card and Opendime creator, Rodolfo Novak (also known as NVK), tweeted a picture of himself with Tron founder Justin Sun and Blockstream’s CEO Adam Back. Novak said “Ethereum was over” and the three had a plan to move Tron to Liquid, a network that leverages the BTC chain. Whether the tweet … Read more

Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated

Three months ago, Bitcoin.com launched its over-the-counter BCH marketplace on June 4. Since then, Local.Bitcoin.com has aggregated more than 56,000 accounts, hundreds of bustling users every day and thousands of BCH trade offers. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed 56,000 Local.Bitcoin.com Accounts and Growing Over the last few months, the … Read more

More than One Year Later, BTC Price Skyrockets Past $10K

On June 21, the price of bitcoin core (BTC) crossed the $10,000 mark for the first time since March 08, 2018. At the moment BTC has a $180 billion dollar market capitalization as the cryptocurrency gathered more than 166% over the last six months. Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so … Read more

Markets Update: Digital Currency Economy Surpasses $300 Billion

Digital currency prices have spiked considerably in the last 24 hours and bitcoin core (BTC) stopped short about $70 in an attempt to cross the $10K price zone. Most cryptocurrencies are up between 2-8% on Friday, June 21 and the entire cryptoconomy surpassed $300 billion. Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers … Read more

Markets Update: Crypto Prices Surge After Last Week’s Pullback

Digital currency markets have regained some of the losses they endured last week, with the entire cryptoconomy now valued at $275 billion this Saturday. Most cryptocurrencies are up in value between 2-8% today but global trade volumes have tapered off with only $63 billion swapped in the last 24 hours. Also read: Bitcoin.com’s Local Bitcoin … Read more