Summary: Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value locked Approximately $19.1 billion is locked on Lido Finance compared to Curve’s $19 billion Lido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon. Earlier today, Lido Finance became the largest DeFi...Read More
Arthur Hayes has predicted that Ethereum could go to $10,000 and Solana to $200 According to Hayes, Ethereum’s rewards in a PoS network makes ETH a bond Stakers on ETH2.0 could see 8 – 11.5% APR Solana has the 2nd highest addresses after Ethereum and the price of SOL will benefit from this Arthur Hayes...Read More
In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation. The funding will drive a push to expand the platform globally. Robinhood also plans on scaling the platform and offering more products to users. The team at the popular trading platform of Robinhood has announced that the firm has secured...Read More
In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory. Such an event had not been anticipated by the team at the EMX exchange. The team halted trading of its USOIL-Perp contract. Trading of the perpetual contract is yet to be reopened as the team...Read More
In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the $168 support...Read More
In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300. At the same time, its trade volume has been dropping together with its dominance in the crypto markets. In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and...Read More
In brief: In a previous analysis of ETH/USDT, we had identified $148 as a solid support zone. ETH/USDT tested this support zone twice, bouncing off of it on the 16th of April. ETH/USDT is currently valued at $170 and looks set to continue on its upward trajectory towards $200. With the Bitcoin (BTC) halving now...Read More
In summary: Decentralized Finance (DeFi) has blossomed in the last year as more projects utilize the Ethereum blockchain due to its smart-contract capabilities. Currently, there is over 2.7 Million ETH locked up in DeFi DApps. Maker DAO transactions take up 49.36% of the ETH locked up in DeFi platforms. Can Tron (TRX) exceed this with...Read More
Quick take: CEO of Morgan Creek Digital, Mark Yusko, was a recent guest on Thinking Crypto, a Youtube crypto news channel. In the interview, Mr. Yusko discussed the current state of the stock market, COVID19, the genesis of Morgan Creek Capital, CBDCs and more. He further explained that XRP and XLM were too closely held...Read More
Quick take: The three major economies of China, France, and South Korea have recently been linked with expressing interest in launching their own Central Bank Digital Currencies. Interest in crypto by private citizens has risen slowly but surely after numerous signs of a global recession. The Coronavirus has highlighted the need to go entirely paperless...Read More
In brief: Bitcoin has led a resurgence in the crypto market and looks set to erase all losses experienced in mid-March. With BTC currently experiencing sideways movement, Ethereum could experience a second wave up. The Eth 2.0 upgrade of Serenity, is scheduled for July 2020. There is a general sense of optimism in the cryptocurrency...Read More
In brief: The team at Tron had been working on a DeFi platform known as Djed. The Mainnet was launched today, April 4th. The DApp has been rebranded to JUST. Decentralized Finance, or simply DeFi, has been one of 2020’s highly anticipated use cases of cryptocurrencies and blockchain. As the name suggests, DeFi plans to...Read More
In brief: The Bitcoin dominance on Coinmarketcap is steady at around 65%. Ethereum’s dominance in the market currently stands at 8.23%. In the past few days, ETH has had a hard time reclaiming the $140 support zone. The ETH/USDT 6-hour chart is exhibiting bearish signs that are further confirmed by a possible death cross on...Read More
In brief: Binance has announced that it will be supporting the upcoming DigixDAO (DGD) dissolution. The exchange will distribute ETH to qualified DGD holders at a rate of 1 DGD = 0.193054178 ETH. Earlier this year, the DigixDAO community voted on dissolving the project and burning the DGD in circulation. The popular crypto exchange of...Read More
Price predictions which are made using technical analysis are known to produce a range of results for any specific crypto asset. According to one analysis which is popular in the cryptocurrency news, Ethereum (ETH) could capitulate into double-digits if the current trend continues. This one analysis does not essentially suggest an ETH death but shows...Read More
As Buterin said, Ethereum 2.0 aims to run ‘tens of thousands of transactions per second’ and he is sure that the new network will facilitate a number of on-chain transactions while maintaining key aspects of decentralization and security. At the beginning of next year, the launch of the initial phase of Ethereum 2.0 is taking place....Read More
Photo: A1 Austria’s telecommunications giant and the country’s largest mobile service provider A1 has officially announced accepting cryptocurrency payments at some of its store locations across Austria. In the official announcement, A1 states that in its pilot project, they will accept cryptocurrency payments at some A1 shops while demonstrating global businesses that integrating digital currency...Read More
During his recent interview, Vitalik Buterin stressed on key factors of scalability, account security and usability which will steer ahead of the mass adoption of digital currencies. The cryptocurrency community is closely watching all the developments taking place in the Ethereum ecosystem. Over the last year, Ethereum developers have been rigorously working on improving the...Read More
ZenGo crypto wallet has announced the support for Facebook’s Libra testnet which gives its users a first-hand experience of using Facebook’s native cryptocurrency. Facebook announced its native cryptocurrency Libra in June 2019 scheduled to launch next year in early 2020. However, apart from its native crypto wallet Calibra, Libra is already getting the support of...Read More
Photo: PriceMinister / Flickr Japanese e-commerce giant Rakuten has completed registration of its cryptocurrency exchange Rakuten Wallet, which will go live next month, the company confirmed in a press release. Rakuten, which follows several major Japanese tech players in entering the crypto exchange market, renamed its product from Everybody’s Bitcoin earlier this month. The company...Read More
Fidelity’s charity arm, Fidelity Charitable, has received more than $100 million in cryptocurrency donations since 2015. But according to the company, this year is not the best one for crypto donations. Fidelity Charitable has accepted cryptocurrency donations since 2015. As the company revealed late last month, in total, it has received more than $106 million...Read More
Photo: Shutterstock The high fluctuating Bitcoin prices since its launch have made altcoins a go-to investment option for most of the crypto enthusiasts and traders. If we go back to February 2017, it was the first time when the entire crypto community has realized altcoins potential as their market value went sky-high after the Bitcoin...Read More
