After its initial token launch in June, TrustSwap, a smart contracts payments platform announced in a blog that Chainlink’s Price Reference Data – its decentralized oracle network – had been integrated with TrustSwap’s SmartLock and SmartEscrow products in order to determine fees associated with token-locking services. TrustSwap believed that Chainlink’s ETH/USD price oracle, which sources...Read More
This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value. The cryptocurrency tapped the important psychological and technical resistance at $11,000 but failed...Read More
There’s never a dull day in the cryptocurrency market. From food-based meme coins that attract billions of locked value and generate extremely high yield, to a likely mistake that caused the price for a token to surge half a million percent in a few hours – there’s something for everyone. Buying the Wrong UNI UNI...Read More
Uniswap’s launch of its native token and associated farming rewards has caused a digital gold rush, which has crippled the Ethereum network for the second time in as many weeks. The news has been good for Ethereum miners, though, as their revenue has reached a five year high according to on-chain analytics provider Glassnode. 📈...Read More
U.S based cryptocurrency exchange Coinbase Pro announced in a tweet today that the exchange would begin passing network fees to its customers with network fees (otherwise known as Gas on the Ethereum blockchain) which is paid directly to cryptocurrency miners that process transactions and secure the blockchain networks. To ensure a smooth experience for our...Read More
Since its launch in May, Polkadot (DOT) announced the establishment of its ‘Treasury’ which is a new decentralized platform to fund projects according to a press release shared with AMBCrypto today. Polkadot Treasury, which is said to be a pot of funds collected through transaction fees, slashing, and staking inefficiencies, will be run by a...Read More
Months following the launch of its mainnet, Polkadot has established a new decentralized platform to fund projects. Called the Polkadot Treasury, it will be run by Council members elected by the community. The Treasury represents a pot of funds collected through transaction fees, slashing, and staking inefficiencies. Polkadot Treasury Established In a press release shared...Read More
Crypto exchange Binance.US announced listing of Uniswap (UNI) token, which is used for governance actions in the Uniswap protocol, a decentralized automated liquidity protocol built on Ethereum. The exchange further announced that UNI tokens will be available in the UNI/USD and UNI/USDT trading pairs with deposits going live from today. https://t.co/AZwoBOy3iq will list $UNIhttps://t.co/e4p5PT6CYR pic.twitter.com/BBPVm64KOo...Read More
Uniswap’s UNI token just released on the Ethereum main net. Soon after, Coinbase Pro and Binance announced its listing on their platforms. UNI’s market price soared through the roof (to the tune of 300 percent) post the news. Coinbase Pro Announces Listing For Uniswap’s UNI Token According to a blog article, US-based cryptocurrency exchange Coinbase...Read More
After Bitcoin, Ethereum has been the hottest cryptocurrency in the market, especially off-late, with its growth driven by Decentralized Finance [DeFi]. In fact, DeFi’s growth has become synonymous with the growth of Ethereum due to the latter’s heavy utilization in DeFi protocols. Today, investors have moved on from simply holding on to the second-largest crypto-asset...Read More
Within an hour of Uniswap launching its long-awaited UNI token and yield farming incentives, Ethereum started to grind slower under the pressure, and gas fees have surged as the transaction queue lengthens. Uniswap ETH Pools Launched The big draw for DeFi farmers is the four ETH based liquidity pools the Uniswap has just launched to...Read More
They say crypto’s biggest appeal lies in how fast one can acquire ‘Lambos,’ fly ‘to the moon’ and get their ‘numbers to go up.’ The Lambo aspect is still relevant as folks are making insane money day in and day out. The other two, not so much. Although traders still bet on prices of Bitcoin,...Read More
Popular DeFi protocol Cream Finance’s staking mechanism has stopped working because of an input error in its smart contract, which has increased the distribution speed ten-fold. At the same time, the Cream Finance (CREAM) token continues plummeting in value and is down by 50% in the past 24 hours alone. Cream Finance’s Tech Problem The...Read More
Decentralized data network startup Bluzelle will provide its decentralized storage services to developers who will build on Polkadot’s DeFi ecosystem, a flagship project of the Web3 Foundation, according to a press release shared with AMBCrypto today. Furthermore, Bluzelle’s distributed storage project will integrate with Parity’s Substrate framework as well. As per the release, Polkadot’s integration...Read More
The decentralized data network Bluezelle is working closely with the Web3 Foundation in order to further its services and provide them to the Polkadot Ecosystem. This will supposedly deliver distributed storage solutions to projects that are building on top of Polkadot’s Substrate framework. Bluezelle Enters Polkadot Ecosystem According to a press release shared with CryptoPotato, the...Read More
Yam Finance catalyzed the DeFi food farming frenzy in mid-August as it was one of the first to launch high yielding liquidity pools. The offering at the time was an experimental elastic supply, ‘zero-value’ token as a reward for liquidity providers. Yield hunters flocked to the unaudited platform despite warnings from its founders about the...Read More
September hasn’t been a great month for the DeFi space. While the space isn’t unfamiliar to sharp falls in TVL in the near-term, the sheer scale of recent developments has taken many by surprise. For example, just check out DeFi Pulse’s charts for 8 September 2020. The figures for Total Value Locked dropped by over...Read More
In yet another jolt to the decentralized finance (DeFi) community, margin, and leverage-based lending and trading platform, bZx became the target of another hack. In the hack, which was much bigger than the previous attacks, hackers made away with $8 million worth of cryptocurrencies. bZx Hackers Deal 8 Times More Damage To The DeFi Protocol...Read More
Binance has made it no secret that it aims to dominate the world of DeFi as it has done with the crypto industry. The company is clearly angling to become the Google of crypto, launching new products and incentives on an almost weekly basis. The latest hot DeFi launch, Binance Smart Chain, is gaining traction...Read More
Decentralized Finance “lending” protocol, bZx, is not having a good year. Seven months after bZx was hit by two major hacks that saw the protocol lose over $954K, it is in the headlines again after yet another bug was exploited. This time, the losses have been as high as over $8M in user deposits or...Read More
Ethereum’s price had sustained itself above the $320-level for a period of over 6 weeks. However, it dropped below $320 on 6 September, following which, a massive recovery effort saw ETH climb to $386 within a week. While a profit of 20.25% can be noted over the past week, ETH was still recording losses of...Read More
$1000 invested in Bitcoin on 1 January would be worth $1439, as of today. In fact, at the time of writing, Bitcoin’s price was noting 43.9% in YTD returns. Ergo, it is no surprise that it is popular as an alternative investment in asset management circles. Despite the recent drop in Bitcoin’s price below $11,500,...Read More
The majority of voters in a recent poll have indicated that they had entered the cryptocurrency space more than three years ago. In contrast, 9.4% said that they had come around in the past three months during the DeFi boom. 43% Crypto Veterans Although the cryptocurrency community emerged relatively recently with Bitcoin’s creation in 2009,...Read More
As the DeFi space continues to boom, developers have come up with yet another iteration of a Uniswap-like automated market maker. Zeroing down on the meme-based food token craze, the platform is called BurgerSwap. BUIDL it, and they come. I do not know who built this one, but it’s already live on #BSC. BurgerSwap https://t.co/hsFQCZ8bcq...Read More
Bitcoin’s price has dropped by 11% from $11,736 to $10,390 – all in a matter of just 10 days. In fact, some argue that the price may plummet even further with rising liquidity on the horizon. However, there are bigger concerns to take care of, such as the question of how this liquidity will be...Read More
The SushiSwap episode is a gift that keeps on giving, and not in a good way. From creator “Chef Nomi” liquidating his SUSHI holdings (Until he realized he f*cked up) to pass control to FTX CEO Sam Bankman-Fried, to the freefall the token soon found itself in (SUSHI fell by over 70% in its immediate...Read More
Although SushiSwap’s protocol is already active and attracted over a billion worth of liquidity, a Glassnode analyst said that its governance token SUSHI is still highly overvalued. By exploring the economics behind SUSHI’s value, he outlined a fair price of $0.31 per coin. SUSHI (Still) Overvalued Launched as a Uniswap fork less than a month...Read More
CoinGecko is, without a shred of doubt, one of the largest cryptocurrency data aggregators. The index has shown impressive growth over the past year following a renewed interest in cryptocurrencies as the total market cap grows in 2020. Data from SimilarWeb shows that CoinGecko has hit a considerable number of almost 25 million users in...Read More
Bitcoin continues to trade in the five-digit territory and even spiked towards $10,400. Binance Coin (BNB) is among the best performing tokens today, while most other larger-cap alts are marking minor gains. Bitcoin Struggles At $10,400 After the unsuccessful attempt to overcome $10,500, Bitcoin dived yesterday and bottomed at about $10,200. However, the bulls interfered...Read More
Co-founder and CEO of Coinbase, Brian Armstrong recently shared, in a twitter thread his thoughts on Apple’s App Store restrictions that do not allow iOS users to earn money using cryptocurrency. The CEO also made claims that Apple told Coinbase that it was ’not appropriate’ for the App Store to allow iOS customers to use...Read More
