That is until today when the lead developer has submitted the first official proposal for the Phase 0 stage of the migration to Ethereum 2.0. Phase 0 EIP Submitted Ethereum developer Danny Ryan has submitted the first Ethereum Improvement Proposal (EIP) 2982 to the Github repository. This marks the first official step to getting Phase...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
Bitcoin continues with its steady increase and reached an intraday high of $10,900. On the other hand, most alternative coins are losing substantial chunks of value, and BTC has increased its dominance over the market. BTC Nears $11K The primary cryptocurrency has been performing somewhat positive in the past few days. BTC marked a fresh...Read More
Bitcoin’s 3.5% increase led to its highest price level in about 12 days, while also increasing its dominance over the market. The top 10 coins by market cap see more rotations, as some alts have followed BTC’s move upwards. Bitcoin Tops At $10,840 As reported yesterday, the primary cryptocurrency had issues with the resistance at...Read More
Swisscom Blockchain will begin work on a cloud-based security layer for Polkadot after it was awarded a development grant by the Web3 Foundation. The security solution will focus on providing an extra layer of security for users who stake coins on Polkadot’s Proof-of-Stake (PoS) network. Swisscom Awarded Web3 Foundation Grant The Web3 Foundation oversees the...Read More
Etheruem saw a 6.3% price rise this week as it hits $375 today. The coin bounced 7% from yesterday’s low. Against Bitcoin, ETH reached as high as 0.0371 BTC during the weekend. It has since dropped to 0.0352 BTC. ETH/USD – Ethereum Bulls Attempting To Wake Up Key Support Levels: $364, $350, $336.Key Resistance Levels:...Read More
Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade. However, this same feature could also display some serious issues...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
After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370. Bitcoin Rejected At $10,560 During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its...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
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 has taken another swing at the previous 2020 high of $10,500 and currently trades above it. Ethereum nears $400, while the top 10 tokens see a few rotations, including Polkadot and Binance Coin. DeFi tokens are booming again with Yearn.Finance marking a new all-time high of about $44,000. Bitcoin Progresses Steadily The primary cryptocurrency...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
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
Recent heavy congestion on the Ethereum blockchain appears to have had a beneficial knock-on effect for one cryptocurrency project in particular. Loopring (LRC) is a protocol for building non-custodial decentralized exchanges (DEXs) on Ethereum. It is also one of the few projects currently placed ahead of the curve thanks to its use of zk-rollup technology,...Read More
In a somewhat completely unexpected turn of events, the former lead developer behind the Sushiswap protocol has returned $14 million worth of ETH to SUSHI’s treasury. This comes six days after the anonymous Chef Nomi depleted the development fund and sold it for ETH, basing his merits on the fact that he deserved that money for his...Read More
Bitcoin Bitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries. The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong...Read More
Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360. Bitcoin Stopped At $10,500 The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even...Read More
Binance is willing to go big in the world of DeFi and is investing heavily in promoting its own ecosystem in a clear attempt to take some of the spotlights off Ethereum. During an online panel at The World of DeFi summit, Changpeng Zhao (CZ), the CEO of the world’s largest crypto exchange by trading...Read More
ETH bulls penetrated above a symmetrical triangle pattern, as the price rose from $350 to over $370 as of writing these lines. Against Bitcoin, ETH rebounded from the 0.0329 BTC support to resistance at 0.0361 BTC, which is the current daily high. ETH/USD – Ethereum Penetrated Above The Symmetrical Triangle Key Support Levels: $364, $350,...Read More
A few days after being hacked and drained for $5.4 million worth of digital assets, the European cryptocurrency exchange Eterbase claimed that it had tracked part of the stolen funds to Binance, Huobi, and HitBTC. The company asked for assistance from those exchanges and reassured its users that Eterbase will endure. $5.4M In Crypto Stolen...Read More
This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem. Economic Activity Surges A recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped...Read More
Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day. Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches...Read More
Despite the short-term adverse price developments for Ethereum, ETH whales have continued to accumulate. Data from Santiment revealed that the top non-exchange whale addresses had increased their holdings by over 80% in August alone. ETH Whales Increased Their Holdings Similarly to the ICO boom in 2017, Ethereum’s popularity surged in 2020 as its blockchain serves...Read More
An Ethereum Improvement Proposal (EIP) which seeks to radically restructure the Ethereum fee pricing mechanism is gaining traction among developers. Known as EIP-1599, the proposal floats the idea of increasing Ethereum’s gas limit, while setting an elastic base transaction fee which is burned automatically. This is expected to return ETH transaction fees to usable levels,...Read More
Bitcoin slid once again beneath the $10,000 mark, but it stands above it now. Most of the altcoin market retrace today, especially DeFi representatives. BTC’s high correlation with the stock markets could suggest further declines, as Wall Street marked significant losses during yesterday’s trading session. Bitcoin Recovers From Another Sub-$10K Trip As reported yesterday, BTC...Read More
Yield farming is a popular topic in the DeFi space for some time now. We know you may have many questions regarding yield farming – What is it? Why is it generating so much buzz? Let’s start with a simple statistic. In 2020, the DeFi space is so far growing at a rate of 150%...Read More
Ethereum dropped by a very sharp 30% this week as it plummets into the $335 level. The bulls are currently attempting to defend the 100-day EMA, but it looks likely to break with the increased bearish pressure. Against Bitcoin, ETH remains supported at the 0.0329 BTC level provided by a .5 Fib Retracement. ETH/USD: Ethereum...Read More
The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain. Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth...Read More
Stablecoins, which make up a huge chunk of those steep fees, could all switch to Layer 2 for some relief, according to one industry expert. Yearn Finance founder, Andre Cronje, has suggested that USDC and USDT will soon be available on Layer 2 as stablecoins make the transition away from Ethereum. USDC and USDT will...Read More
