Over the last 24 hours, the altcoins' market is in deep red with some top cryptocurrencies losing between 4-10%. As per the charts on CoinMarketCap, the altcoins have lost over $4 billion in combined market cap over the last 24 hours....
Much crypto investor focus has been placed on decentralized finance over recent months. But an underlying narrative remains the potential for a U.S.-regulated Bitcoin exchange-traded fund, which should theoretically allow any investor to easily and securely build a bet on digital assets. Firms such as Gemini and VanEck have...
Just recently, top Ethereum decentralized finance project Aave began transitioning its native token LEND to a new token called AAVE. LEND had become outdated as it was named after the project's predecessor, ETHLend, and lacked certain technical and economic functionalities. While this...
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....
“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...
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...
Ethereum has been closely tracking Bitcoin over the past few days and weeks This has caused the cryptocurrency to see some turbulence as of late, with news regarding the OKEx founder being arrested sending BTC and ETH reeling lower This decline was short-lived, and bulls were able to rapidly step up and begin absorbing this selling pressure Analysts are now noting that upside...
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...
At least thus far, the ongoing crypto-asset bull run has been almost solely focused on decentralized finance (DeFi). Coins pertaining to this esoteric space have seen exponential rallies since the start of 2020. Coins like Aave's LEND, for instance, has gained in excess of 4,000 percent since this year started. Despite this exponential growth in DeFi, altcoins from the previous market cycle,...
In his latest YouTube video, Charles Hoskinson, the CEO of IOHK, explained the lengthy process behind ensuring accountability to funding on Cardano. Voltaire, the blockchain’s governance era, will eventually evolve Cardano into one of the best innovation management platforms on the market, with tens, if not hundreds of thousands of people participating in the blockchain’s accountability process. Breaking down the process behind introducing...
There are currently a total of over 7,000 cryptocurrencies in existence. These have different functions and are built to accomplish specific roles in bringing the use of blockchain technology into real-life applications as users interact with cryptocurrencies. All cryptocurrencies are classified as either tokens or coins. While coins such as Bitcoin have their own blockchains […] The post...
It's clear that the bull trend that transpired in the summer is over: Bitcoin, Ethereum, and other top coins have entered a strong consolidation pattern over recent weeks. BTC, for instance, has traded in a $1,000 range for the past six weeks. But investors don't think now is the time to relax: a fund manager in the space, Andrew...
Bitcoin and altcoins are directly opposed to fiat currencies, typically offering a hard-capped supply while the dollar and others can be printed with no limit. That constant printing throughout 2020 has left the greenback with its back against the wall, facing off against gold, crypto, and other nation's currencies to maintain its global reserve status. And while that title is likely to be...
DeFi tokens like Chainlink and Yearn.Finance dominated the crypto market all throughout the summer months. But a recent shift in sentiment has prompted investors to derisk and these same coins have been crashing deeply. And while there's no certainty that a reversal is near, a buy setup has triggered on these two once top-performing tokens that could at least provide a dead cat...
Like Bitcoin, Yearn.finance (YFI) doesn't have a centralized figurehead. For the sake of the long-term security and stability of the protocol, it shouldn't have one anyway. But also like Bitcoin and other top crypto-assets, Yearn.finance has promoters or "shillers," one could say. The most prominent of these promoters is "Blue Kirby," a Twitter user that created his account shortly after the launch of...
Despite relative resilience in the price of Bitcoin after the news of the U.S. CFTC charging BitMEX, leading Ethereum-based decentralized finance coins are being crushed as of this article's writing. No coin shows this as well as SushiSwap's SUSHI token, a governance token for the leading decentralized exchange. Top Ethereum-based...
Early in September, every Ethereum developer was launching tokens branded with a type of food. There was Pizza Finance, Tendies, Springroll Finance, and projects based on almost any food under the sun. It's no secret that the market got quickly saturated. This resulted in a decline in the value of these tokens as many realized they were blatant copycats of more reputable projects...
Crypto is currently in the midst of a renaissance. Really. As we covered in a previous report, there are now users that are actively creating, buying, trading, and selling digital art — you know, jpgs and gifs — worth thousands of dollars. One piece of art sold for 100 Ethereum, which currently equates to over $35,000. Seeing the...
Ethereum has been the leading smart contract blockchain of the past few years without a doubt: its decentralized applications currently have tens of thousands of daily active users, which have siphoned over $10 billion worth of cryptocurrency into these apps. Many commentators have asserted that considering these trends, Ethereum is likely to be the only relevant blockchain moving forward....
It's been yet another crazy day for the decentralized finance (DeFi) ecosystem. If you've been on Twitter, you likely know of a new Ethereum project called Eminence and the subsequent $15 million hack. Here's a brief recap of what happened for those not yet in the know. The launch(?) 24 hours ago as of this article's writing, Andre Cronje, the founder of...
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