Chainlink’s price has posted an incredibly intense rebound following yesterday’s dip. This has allowed LINK to post massive gains today, with it currently being the best performing major cryptocurrency as its buyers push it to fresh all-time highs. The crypto is now navigating up towards $16.00 – marking a massive rally from its daily lows…
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The DeFi market sector is booming. A glimpse at CoinMarketCap’s DeFi token rankings shows that the top 10 altcoins by market cap within this space are positing massive gains, except for Dai since it is a stable coin. Among all of these surging cryptocurrencies tokens is the decentralized governance token Maker, which is up over…
DetailsEthereum’s Yam Finance protocol has been the hottest crypto project of the past 24 hours. As reported by NewsBTC previously, the unaudited protocol managed to garner $400 million worth of value in under 24 hours, with investors throwing boatloads of capital at the project. The token of the protocol, YAM, is behind this exponential explosion…
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While Bitcoin has retraced since its highs, Ethereum’s decentralized finance ecosystem is still in a clear phase of growth. Case in point: a DeFi protocol launched yesterday has already garnered hundreds of millions of dollars worth of value. This comes in spite of the fact that the protocol’s code is unaudited by professional auditors. This,…
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Bitcoin’s turbulent price action over the past few days hasn’t offered too many insights into its near-term trend, as the crypto has yet to break above or below any key technical levels. Analysts are now pointing to the emergence of a highly bullish pattern that may have major implications on its near-term outlook. This ascending…
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Compound (COMP) one of the primary DeFi tokens that sparked the start of the crypto market’s hottest trend in years, is suddenly booming once again. The altcoin token has sharply risen by 35% intraday, as part of an ongoing over 90% climb so far in August. But what’s driving the sudden resurgence in the DeFi…
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Following Bitcoin’s big breakout weeks ago, its never been easier to make money across the crypto market. The same is being said by JP Morgan analysts about the stock market, based on one key strategy. Could the same strategy the investment firm advocates for stocks also work well in the cryptocurrency space? JP Morgan: It’s…
DetailsBitcoin has become a popular investment vehicle amongst retail and institutional investors, but it is also becoming a reserve asset for some companies. Per an announcement from earlier today, a Nasdaq-listed business intelligence company is now turning to the benchmark cryptocurrency to store their capital reserves, calling it an asset that can be “superior to…
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A big issue that many crypto traders and investors run into is high transaction fees when withdrawing Bitcoin and other digital assets from exchanges. Some platforms, in fact, are infamous for charging in excess of $5-10 for the processing of a withdrawal. There are solutions to this issue, though. Coinbase, earlier this year, rolled out…
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Bitcoin struggled to clear the $12,000 resistance zone and corrected lower against the US Dollar. BTC’s daily chart suggests the price could extend its decline towards the $10,500 support. Bitcoin topped near the $12,080 level and it is currently correcting gains. The price is trading below the $11,500 support and approaching the next major support.…
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