Group raising funds to sue Andre Cronje over EMN hack
Cronje may have gone silent on Twitter, but it hasn’t stopped people from trying to sue him for the EMN hack. Go to Source Powered by WPeMatico
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Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze
Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340 billion. Digital currency markets are doing well on October … Read more
Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M
Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and … Read more
DeFi plummets: 3 reasons for the 46% correction from YFI, UNI, DEX tokens
Ethereum’s correction triggered a DeFi-token collapse which resulted in YFI and UNI dropping by 46%. Go to Source Powered by WPeMatico
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 … Read more
Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward
The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator Sasha Ivanov kicked things after depicting current defi ecosystem as Ponzi … Read more
Can Binance Coin hit $40? BNB faces last hurdle before all-time highs
Binance Coin has been one of the few altcoins in September that has surged in price, but breaking $35 will be a major challenge for BNB. Go to Source Powered by WPeMatico
Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’
Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that started with the reported ‘exit scam’ … Read more
Yearn.finance YFI soars to $33K after Coinbase listing — is $40K next?
Yearn.finance is back above $30,000 but YFI price technicals must first confirm some new levels of support before moving higher to new highs. Go to Source Powered by WPeMatico
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume
The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes this past weekend. News.Bitcoin.com recently reported on the decentralized finance (defi) economy’s total value locked … Read more
