Tag: defi news

Oct 26 2020

LINK Update: Binance-Incubated Injective Protocol Collaborates with Chainlink [LINK]

Oct 26 2020 Published at Coingape under tags  binance chainlink defi news injective linkbtc

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...

Here’s Why Curve Finance, Uniswap Witnessed Massive Spike in Volume

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...

Oct 25 2020

Are Yield Farming-based DeFi Platforms Truly Decentralized?

Oct 25 2020 Published at Coingape under tags  defi news ethbkrw ethbtc ethbusd etheur

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...

Oct 24 2020

Binance Smart Chain Bags Yet Another DeFi Integration

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,...

Oct 23 2020

Binance Launchpool Adds DPoS-Based Certik Chain

Oct 23 2020 Published at Coingape under tags  binance defi news

Being one of the world's largest centralized exchanges has not deterred Binance from bringing in the DeFi experience to its users. Adding to its trend of rolling out DeFi-focussed products and services,...

Yearn.finance Price Prediction: YFI Yearns For A Bottom, Breakdown Under $10,000 Seems Imminent?

Oct 23 2020 Published at Coingape under tags  altcoin news defi news news price analysis yearn

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...

Oct 22 2020

Binance Smart Chain Unique Addresses Nears 250K in Less Than 2 Months

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...

DeFi Becomes The Most Bullish Crypto Industry Development; Eclipses BTC Halving, CBDC Development – Survey

Oct 22 2020 Published at Coingape under tags  bitcoin halving btcusd cbdc defi news ethusd

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...

DeFi Success Story Continues as TVL Peaks Yet Again; Hits $12 Billion

Oct 22 2020 Published at Coingape under tags  chainlink defi defi news ethusd linkusd

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...

Oct 21 2020

UniSwap Price Prediction: UNI Eyes $3.6 If This Resistance Is Broken

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...

Oct 20 2020

Dharma Domination Drive Thwarted as Uniswap Vote Concludes

Oct 20 2020 Published at Coingape under tags  defi news dharma gauntlet governance uni

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...

Oct 19 2020

Binance-Acquired Swipe Hints at a Potential PancakeSwap Support in Coming Days

Oct 19 2020 Published at Coingape under tags  binance-swipe bnbusd cakeusd defi defi news

Binance's association with food-based tokens is not new. Despite several controversies surrounding these decentralized finance [DeFi] tokens, the Malta-based cryptocurrencies along with other platforms...

Oct 18 2020

Yearn.Finance’s YFI Gets Much-Needed Boost As CREAM Finance Binance Smart Chain Lists Token

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...

Aave’s LEND Spikes by Over 21% After Coinbase Custody Reveals Exploring AAVE Token

Oct 18 2020 Published at Coingape under tags  aave defi news lend

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%...

Oct 16 2020

Synthetix Network Token DeFi Dominance Tanks Amid Looming Breakdown

Oct 16 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

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...

Oct 15 2020

Filecoin Mainnet Goes Live; FIL Fetches Several Listings including Binance and Coinbase Custody

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,...

Filecoin Token Sees 270.96% Increase In a Day as Gemini, Kraken Announces FIL Listing

Oct 15 2020 Published at Coingape under tags  defi news filecoin fileth filusd gemini

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...

Yearn.Finance Founder Admits Backfiring of ‘Test In Prod’ Statement; Clarifies Building for Devs

Oct 15 2020 Published at Coingape under tags  andre cronje defi defi news yearn.finance yfiusd

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...

Uniswap Governance Vote Raises Centralization Questions

Oct 15 2020 Published at Coingape under tags  centralization defi news governance uni uniswap

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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