Despite an impressive performance by several DeFi tokens in the month of September, Chainlink, which supplies data feeds to DeFi systems, witnessed its LINK token drop nearly 50% month to date. The famous oracle token went on to become the...
There is not a single dull day in DeFi. The decentralized finance [DeFi] space has been known for wild swings be it in terms of token's price, or trading volume. In the latest development, Automated market maker Curve Finance saw its daily trading volume spike massively to a fresh all-time high after maintaining a steady The post Here's Why Curve Finance, Uniswap Witnessed...
Several yield farming platforms have taken the world of decentralized finance [DeFi] universe by storm. The enormous popularity surrounding these new protocols have managed to attract various centralized projects crawling out of the shadows disguising as the opposite. While 'centralization' might be a blanket term, but the latest platform to have attracted the label is The post Are Yield Farming-based DeFi Platforms Truly...
Not a day goes by without the Malta-based cryptocurrency exchange, Binance launching a DeFi-based product. The platform has been on a roll with its decentralized finance [DeFi] expeditions. In the latest news,...
Yearn finance attempts to build a breakout above the $13,000 support but hits a barrier at the 50 SMA. YFI/USD could resume the breakdown aiming for...
The Malta-based crypto-exchange Binance is now at the forefront of the DeFi wave despite being a hardcore centralized entity. One of the main initiatives that have helped bolster this is Binance Smart Chain [BSC]. In the latest milestone, the decentralized public blockchain appeared to be nearing $250K in terms of the total number of distinct The post Binance Smart Chain Unique Addresses Nears...
2020 has been quite eventful. The cryptocurrency battlefield is getting increasingly crowded and has been witnessing an increasing amount of attention like never before. Despite the economic shockwaves due to the ongoing COVID-19 pandemic, the cryptocurrency industry has emerged as an outperformer. While Bitcoin's impressive rise throughout the year has been one of the most The post DeFi Becomes The Most Bullish Crypto...
The Paypal news triggered massive bullish momentum for Bitcoin which broke above $13k and climbed to levels not seen since last year. This was followed by the rest of the cryptocurrency market following suit which also soared to fresh highs. But the...
UniSwap looks forward to a rally to $3.6 if the descending parallel channel resistance is shattered. UNI/USD is building the bullish outlook as reflected by the RSI’s gradual movement towards the midline. UniSwap has in...
DeFi protocol Uniswap has concluded its first governance vote with a failure to come to quorum by a minuscule margin. The good news is that it keeps the platform relatively decentralized … for now. The first governance...
C.R.E.A.M Finance Binance Smart Chain platform announced listing Yearn.Finance's native token YFI on its platform on the 18th of October. With this, YFI becomes the 18th token to be listed on the platform. According to the official release, users will have to use a web3 wallet that supports BSC, such as Binance Chain Wallet or The post Yearn.Finance's YFI Gets Much-Needed Boost As...
Decentralized Finance [DeFi] lending platform, Aave has been on a roll this year and has been one of the biggest success stories. With a total value locked in of $1.076 billion, Aave is currently the fourth-largest DeFi protocol. Its native token, LEND has been trading relatively low over the past couple of weeks despite several The post Aave's LEND Spikes by Over 21%...
Synthetix declines on hiatus amid low volatility and volume. Recovery is likely to hit a snag at the 21-day SMA, which could send SNX back to the drawing board. The decentralized finance (DeFi) craze appears to have hit pause. It seems this the time tokens in the sector have to prove their worth to investors. The post Synthetix Network Token DeFi Dominance Tanks...
The Filecoin network announced its much-awaited mainnet launch on the 15th of October at 3 PM at block 148,888. However, that did not deter the platform's popularity. Announcing the same, Filecoin thanked researchers, experts, developers,...
Tyler Winklevoss, the CEO, and Co-founder of the leading cryptocurrency exchange, Gemini notified the community that Filecoin [FIL] that deposits and withdrawals will be available on the platform at 10:30 AM ET. Gemini had earlier revealed that deposits and withdrawals for the token would start from the 15th of October when the Filecoin mainnet launches The post Filecoin Token Sees 270.96% Increase In...
So far, 2020 has been a great year for decentralized finance [DeF[]. This also goes for the several DeFi platforms including Yearn. Finance. But the same cannot be said for it...
DeFi protocol Uniswap is currently undergoing its first governance vote but members of the crypto community have noticed that the whales are largely in control of it. The initial proposal was made by DeFi lending and...
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