Popular cryptocurrency exchange, Binance has been enjoying its position as not only a trusted marketplace for CeFi but has also made a name for itself in the decentralized world by unveiling several products to attract the DeFi crowd, a space that has been dominated by Ethereum. In the latest development, Binance Smart Chain-based decentralized exchange […]
Yearn.Finance’s YFI Posts a Big Turn Around After Losing Steam
This year, Yearn.finance has launched its own governance token, YFI, which has grown at an astonishing rate to its $43K peak. Its success has spawned multiple forks, such as DFI.money and YFValue.The token has dominated headlines in the past couple of months. However, since these recent ATHs, both the project’s TVL [total value locked] and […]
Binance Coin, Chainlink, Tron Technical Analysis On 11th October 2020
The global cryptocurrency market noted an increase of 1.60% over the last day which pushed the market cap to $358.49 billion at the time of writing. Following the surge, Bitcoin along with several altcoins have kickstarted the much-anticipated rally as they broke significant resistance levels along the way. Binance Coin [BNB]: Binance Coin [BNB] was […]
Optimism Rises as Bitcoin Whales Refuses to Sell; Institutions Flocking in to Buy More BTC
Bitcoin broke past the crucial $11k on the 9th of October. The whale activities of Bitcoin suggested strengthening momentum in terms of the coin’s price. The price of the world’s largest cryptocurrency tested $11,500 for the first time in over a month and one of the main drivers for this could be whale accumulation. According […]
Tron Foundation Announces Opening BTC-TRX LP Mining Pool on SUN Network
Justin Sun-owned Tron Network has been making headlines in recent days. In the latest development for the Tron ecosystem, the foundation announced the issuance of a total of 1000 Tron-based BTC on the Tron network. The total market cap has reportedly surpassed $10,692,382. The Founder of the Tron [TRX] blockchain and CEO of BitTorrent [BTT], […]
Bitcoin, Binance Coin, Litecoin Technical Analysis On 8th October 2020
Bitcoin along with the rest of the cryptocurrencies bounced back up after a pullback. Over the last day, the global crypto market noted a minor surge of 0.72%. Despite this, Bitcoin’s dominance declined by 0.15% over the same period. Bitcoin [BTC]: Bitcoin [BTC] noted a minor rise of 0.45% over the last 24-hours, pushing its […]
$1 Billion Worth Bitcoin Are Now Wrapped in wBTC on Ethereum
The decentralized finance [DeFi] sector is in a boomtown as it has continued to attract a lot of attention. Riding the success of this space was the popular Bitcoin tokenization protocol Wrapped BTC [wBTC], which increased by a whopping 900 % in just two months as it crossed the $1 billion mark with respect to the […]
Ethereum, XRP, Cardano Technical Analysis On 7th October 2020
Shortly after kickstarting an uptrend, the cryptocurrency market sustained a minor pullback as the market flashed red. At the time of writing, the global crypto market cap stood at $334.5 billion after noting a decline of 2.31% over the past 24-hours. Bitcoin along with altcoins saw significant corrections. Ethereum [ETH]: Despite multiple breakout attempts, Ethreum […]
Catalyzed by DeFi Boom, Ethereum’s Hash Rate Hits New ATH
Ethereum miners have pushed the network’s computing power to a new high. On the 6th of October, the Ethereum network’s hash rate broke and surpassed 250 terahashes per second and was up by 80% since the beginning of the year. This was noted by the on-chain analytics provider Glassnode. DeFi Hype The hash rate was […]
Google Cloud Initiates the Process for Becoming Block Producer Candidate on EOS
The blockchain software company Block.one announced that Google Cloud will join the EOS community in a bid to become an EOS network block producer. EOS’s block producers system has been a bone of contention for a long time. It has 21 block producers in total. All the 21 nodes on the network must be elected […]