Both Bitcoin and Ethereum have faced sharp declines over the past few hours despite the move to $40,000 on Thursday. BTC is down 10 percent in the past 24 hours while ETH has lost around eight percent over that same time frame. This drop comes amid two events: Developments indicate that Mt. Gox's liquidators are close to...
DeFi was the hottest topic of the year in the 2020 crypto realm. It has ruffled feathers and disrupted the financial world as blockchain technology transcends simple value transfer to include other financial services. DeFi is a game-changer, innovation at the forefront, a promise, the next step to a global financial ecosystem where anyone, anywhere, at any time can access a variety of...
It appears that the decentralized finance (DeFi) boom is back after a multi- week hiatus. Ethereum gas fees have once again returned to the levels seen in the summer while DeFi coins such as AAVE, Yearn.finance's YFI, SUSHI, and more, have begun to...
As some crypto traders on Twitter put it, SushiSwap's native SUSHI coin just experienced its own Mar. 13. For those without context, Mar. 13 was the day that Bitcoin capitulated from the daily highs of around $8,000 to lows near $3,500 in the span of that day (and then some). Today,...
SushiSwap's native token SUSHI, even after the recent drop, is up strongly since the lows seen in October. From its all-time low price of just over $0.50, the cryptocurrency has shot as high as $3.00. Even at the current price of $2.65, it is up by over 400 percent since the lows....
This has been said many times before but it's worth saying again, right now, DeFi has largely been relegated to Ethereum. While there are promising decentralized finance projects on other blockchains, they have seen little traction compared to Ethereum, where there is over $10 billion locked, one million total users, and tens of thousands of daily users. But this may soon change as...
The cryptocurrency market is in consolidation but SNX and SUSHI are flying the bullish flag high. Synthetix is poised for a 60% upswing above the ascending triangle pattern. The...
Just ahead of the long-awaited Ethereum 2.0 upgrade, Andre Cronje of Yearn Finance prepares for the next phase of DeFi growth with a flurry of mergers. What does it say about the state of DeFi? Since its launch on July 17th, 2020, Yearn Finance had been envisioned as an aggregator platform encompassing various lending protocols, with the most...
While many expected Bitcoin to steal the show as it has set a new all-time high, this has not been the case: unlike in October, altcoins have matched BTC's rapid ascent over recent days, moving in tandem with the lead cryptocurrency. No coin has shown this quite as well as SushiSwap's native SUSHI token. As...
The Ethereum DeFi space is scrambling this Sunday morning as this space has faced a series of bugs. Fortunately, it appears that all three are going to be solved without too many issues. Still, these bugs once again show how nascent this space is, and the importance of managing risk when dealing with these new and sometimes unaudited protocols. Let's break down what...
In August and September, the decentralized finance (DeFi) space was in a state of frenzy: random food farming strategies were yielding tens of thousands of percent APY while more reputable pools, paying out coins to thousands of users, was generating yields on orders of magnitude higher than bank accounts. Yields have crumbled over recent weeks, though, at a rapid pace. A benchmark 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...
Sushiswap was nothing less than an overnight success story that mostly rode on the fame of VC-funded Uniswap. Despite its promising yet contentious debut, trouble seems to be brewing for the DeFi trading protocol. It's native token...
There is no doubt that DeFi has been the driver of all things crypto this year, ostensibly in the same way that altcoins catalyzed markets in 2017. According to one analyst though, the nascent industry may be at its top. Since...
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