Blog: CryptoSlate

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Author BlockDown Interviews, Cole Petersen, John deVadoss, Joseph Young, Marco Streng, News Desk, Nick Chong, Priyeshu Garg, Shaurya Malwa,
Stats Has published 135 posts about cryptocurrency

Oct 19 2020

Bloomberg brands Polkadot (DOT) an “Ethereum blockchain killer” in new article

Oct 19 2020 Published at CryptoSlate under tags  adoption altcoins defi dotusd ethusd

Ethereum has long been the leading smart contract blockchain after its launch in 2015. It has faced contenders in Cardano, Stellar, and many other blockchains, but as of now, they have yet to make a serious dent into ETH's market share....

Asset manager: Activist investors may save Ethereum DeFi token Curve (CRV) as token price hits all-time lows

Oct 19 2020 Published at CryptoSlate under tags  analysis crvusd crvusdt

Curve is by far one of the most popular platforms used for stablecoin swaps, cross-chain interoperability, and synthetic assets. Despite being a brilliant idea and widely used, the CRV governance token has been one of the worst- performing post-launch governance tokens seen by any major platform, with its price diving to fresh all-time lows today. The relentless downturn that has pushed...

After helping Yearn.finance to $1b, Blue Kirby called it quits. But now he’s back

Oct 19 2020 Published at CryptoSlate under tags  people yfiusd

As crazy as it may sound, one of the most talked-about figures in the Ethereum and DeFi space over recent weeks has been a pseudonymous user called "Blue Kirby." After creating his account in July, Blue Kirby, under the guise of a blue version of the Nintendo character Kirby, built up a massive following on Twitter by providing users insights into...

Oct 18 2020

Why Filecoin’s hyped token launch was a multimillion “failure”

Oct 18 2020 Published at CryptoSlate under tags  analysis price watch technology

Decentralized file-sharing project Filecoin launched last week after years of development and a jawdropping $200 million ICO. But critics and miners are calling it a failed launch. Its fees are turning out a pain point—data shows miner prices to use Filecoin network cost over $40,000 (with hosting and maintenance), in contrast to...

Cardano’s Ouroboros paper is the 2nd most cited academic paper about cryptocurrencies and blockchain

Oct 18 2020 Published at CryptoSlate under tags  altcoins technology

“Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol” has made it to the topmost cited security papers list. According to the latest ranking from Google Scholar, the paper, outlining the proof-of-stake mechanism that underlies Cardano, is the second most cited paper in the cryptocurrencies and blockchain category with 183 citations. Ouroboros among the most cited academic papers about cryptocurrencies and blockchain technology While few...

Ethereum data: Top crypto investor Polychain has accumulated 330 Yearn.finance (YFI)

Oct 18 2020 Published at CryptoSlate under tags  altcoins defi yfiusd

Yearn.finance (YFI) has faced an extreme decline in recent weeks as the once- leading DeFi project has faced a series of shortcomings. As CryptoSlate reported previously, FTX and Alameda Research CEO Sam Bankman-Fried said that the asset's...

Once popular SAFE/COVER token on Ethereum plunges 62% after community outrage

Oct 18 2020 Published at CryptoSlate under tags  analysis defi ethereum

The COVER token, originally called SAFE, relaunched after an initial dispute among within founding team. The relaunch of the token garnered attention after it announced Yearn.finance (YFI) creator Andre Cronje as an advisor. Yet, the Ethereum decentralized finance (DeFi) token has seen criticism from the community after it fell 62% due to...

Here’s why DeFi and decentralized exchanges could grow even more

Oct 18 2020 Published at CryptoSlate under tags  defi ethusd

Decentralized finance (DeFi) has seen parabolic growth since the start of 2020, with the total value locked in these contracts, largely based on Ethereum, rising from $1 billion to $12 billion now. Crucial to this growth has been decentralized exchanges (dexs). In 2017 and 2018, many thought that these applications were clunky, as transaction fees were high and the user experience was very...

Oct 17 2020

Data firm: OKEx saw $113m in Bitcoin outflows just before suspending withdraws

Oct 17 2020 Published at CryptoSlate under tags  btcusd btcusdt uncategorized xbtusd

The crypto industry was struck with another unexpected development last night that sent shockwaves throughout the market and caused Bitcoin’s price to reel lower. Bitcoin’s sell-side pressure began growing earlier today after news broke of the OKEx not being able to process withdraws due to the founder being arrested by Chinese authorities. He is the sole holder of the key required to process...

Oct 16 2020

Prominent Silicon Valley investor Naval doesn’t think Bitcoin goes to $3k again

Oct 16 2020 Published at CryptoSlate under tags  analysis btcusd

Legendary venture capitalist investor Naval Ravikant recently took to The Tim Ferris Show, an extremely popular podcast about business and self-betterment. The angel investor, who has funded companies such as Twitter and Uber, proceeded to spend lots of time to discuss Bitcoin and cryptocurrencies. "You have...

1,000,000 Ethereum would have been burned in the past year if EIP-1559 was live

Oct 16 2020 Published at CryptoSlate under tags  analysis eth 2.0 ethusd

Ethereum users have faced extreme transaction fees over recent weeks and months. At one point, there were users paying $10-20 just to send ETH and ERC-20 tokens from address to address as the cost of gas spiked to 1,000 Gwei and beyond temporarily. Many have seen high Ethereum transaction fees as something decisively bad for the network. It restricts more cost-sensitive users from...

Isle of Man authorities publish guidance on Bitcoin and crypto businesses

Oct 16 2020 Published at CryptoSlate under tags  regulation

The Isle of Man Financial Services Authority (IOMFSA) has published guidance setting out its position regarding the applicability of financial regulatory requirements to cryptocurrencies and tokens issued using blockchain technology, as per a release shared with CryptoSlate. The guidance has been developed in partnership with Digital Isle of Man, an Executive Agency of the Department...

Here’s why Tether (USDT) could overtake Ethereum by 2021

Oct 16 2020 Published at CryptoSlate under tags  adoption analysis

Tether (USDT), the world’s largest stablecoin by market cap, could reach a valuation higher than Ethereum in 2021, the latest issue of Bloomberg’s Crypto Market Outlook suggested in a report earlier this month. The trend is buoyed by the institutional shift towards and the demand for...

UNI jumps 15% after OKEx suspends withdrawals due to police investigation

Oct 16 2020 Published at CryptoSlate under tags  defi regulation trading

Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody. The news about hundreds of millions of dollars worth of cryptocurrencies being trapped on the exchange shaved off around 3 percent off of Bitcoin’s price but sent UNI, Uniswap’s native token, up by almost 15 percent. Missing key holder forces...

This $6b crypto fund quietly accumulated 2% of all Ethereum in circulation

Oct 16 2020 Published at CryptoSlate under tags  adoption ethusd

Ethereum has been one of the best-performing crypto-assets of the year, lifting off after a brutal bear market throughout 2018 and 2019 that brought it down by over 90 percent from its all-time high. A key catalyst behind Ethereum's recovery is institutions acquiring vast amounts of the cryptocurrency, which comes as the decentralized finance space has begun to gain much traction. Grayscale Investments...

Filecoin (FIL) price soars following mainnet launch; reaches $900m market cap

Oct 16 2020 Published at CryptoSlate under tags  analysis filusd filusdt icos

Filecoin’s mainnet launch has long been highly anticipated, with a plethora of retail and venture capital pouring into the cryptocurrency’s 2017 initial coin offering, which raised over $205 million. The mainnet launch of the decentralized data and information storage blockchain has been plagued by multiple delays, but finally started coming to fruition in late-September when they launched their “pre-liftoff phase.” During this time,...

Oct 15 2020

Charles Hoskinson and Dovey Wan join star-studded line-up for BlockDown 3.0 Spooktacular

Oct 15 2020 Published at CryptoSlate under tags  people

BlockDown 3.0 is gearing up for yet another stunning event with the virtual conference series announcing a host of big-name speakers that will join guests at the Halloween special event. Alongside several high profile chats, BlockDown attendees are in for an impressive Halloween treat, with a bonanza of top names in the industry set to sit down to discuss their latest thoughts on...

The 2017 crypto ICO that raised $200m in 60 minutes is finally launching

Oct 15 2020 Published at CryptoSlate under tags  altcoins filusd icos

Those that were around in 2017 and 2018 likely remember the name Filecoin. Launched in late 2017, the protocol was branded as a payment system that would use blockchain technology to store and retrieve data. As esoteric as it may sound, the concept gained much traction in the crypto-asset space. It garnered so much traction, in fact, that it raised $200 million from...

IntoTheBlock launches DeFi Insights tool for crypto traders and investors

Oct 15 2020 Published at CryptoSlate under tags  analysis defi technology

The rise of decentralized finance (DeFi) has been buoyed on trends like non- custodian lending, automated market making, and yield farming, which together, have opened newer possibilities for users to spend and use their cryptocurrency holdings, while even earning attractive interest rates. However, the market remains relatively...

These 3 long-term indicators show Ethereum has “never been healthier”

Oct 15 2020 Published at CryptoSlate under tags  analysis ethusd ethusdt

The Ethereum network has been placed under immense strain in recent months, with the ongoing DeFi trend driving massive demand to the network as traders begin utilizing decentralized exchanges and providing liquidity to various protocols. Although network demand has been sliding lower as the mania surrounding DeFi subsides, gas prices are still significantly higher than they have been in the past and often...

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