DeFi proved to be one of the most popular wings of the crypto-verse this year. With the DeFi space locking more than $11 billion, several platforms commenced venturing into the same. Yield Protocol is one among the many platforms that saw the light of the day this year. Announcing the launch of this platform, the […]
DeFi
Compound’s COMP Token Makes Its Way Into The Coinbase Earn Program
The crypto-verse has opened up several opportunities for individuals to earn money. While acquiring money by watching ads or referring people has been in practice for a while now, a new way of making some money seems to be causing quite a stir in the crypto industry. Coinbase’s latest initiative sheds light on the same. […]
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 […]
Ethereum Browser Wallet, MetaMask Surpasses 1M Monthly Active Users
The DeFi ride has been wild and this rapid growth in the sector has resulted in the influx of capital, entrepreneurs, and users to the ecosystem. In the latest development, the Ethereum DApp browser wallet, MetaMask reportedly surpassed 1 million monthly active users for the first-time across its desktop and mobile apps. The surge hit […]
Ethereum’s Waning Social Volume Could be a Blessing in Disguise
Ethereum underwent significant corrections over the past month and the coveted $400 mark remained untouched. At the time of writing, it was being traded at $347.24 after retesting several support points along the way. Is the top altcoin losing momentum? Maybe not. Ethereum’s social volume was in a state of ongoing decline shortly after the […]
Binance’s Stablecoin hits a milestone of $500 Million Supply
Stablecoin supply has now exceeded the whopping $200 billion mark. With this, the market noted more than 300% year-to-date rise for stablecoins. A sharp rise was first triggered by the significant decline in the price of cryptocurrencies following the Black Thursday market crash. Interestingly, it is not just the big names such as Tether and […]
“ICOs Gave Crypto A Bad Name,” Says Bitcoin Bull Mike Novogratz
The decentralized wing of the crypto-verse has taken over the community. Despite the increase in the scammy projects, DeFi has continued lounging under the crypto-spotlight. While several pointed out that the DeFi boom was nothing but a bubble in formation, the space garnered funds in large numbers. Appearing in a recent interview, the Chief Executive […]
DeFi Hackers Drains $15 million From Unaudited Project Related to Yearn.Finance
The DeFi community woke up to the news of a hacker draining $15 million from untested and unaudited codes of Andre Cronje’s latest project. Cronje, who happens to be the Founder of Yearn.Finance, was working on a new economy for a gaming multiverse, called Eminence, and wasn’t planning on releasing the project for at least […]
Kucoin’s Hack Reignites Centralized-Decentralized Debates
Bitcoin was the world’s first-ever decentralized digital currency without a central authority or an overlord. “Truly Decentralized.” But since then, the industry grew and now we have a whole set of “decentralized” finance in response to the rise of centralized financial systems. The endless centralization and decentralization tussle have once again gained prominence. This time, […]
Yearn.Finance’s YFI Rushes Towards ATH After Founder Hints at Major Update
Yearn.Finance has taken the world of DeFi by storm. Officially introduced in July 2020, the DeFi protocol has $813.25 million in total value locked. Over the past four-days, its native token, YFI underwent a significant of nearly 70% despite a price stagnation in the overall cryptocurrency market. At the time of writing, YFI was priced […]