DeFi Grows to an Avalanche with Zero Exchange

Decentralized Exchanges have had an interesting and brief history. EtherDelta, Uniswap, 1inch, SushiSwap and now Zero Exchange. And this DeFi wave keeps growing, EtherDelta at its peak had 241 different tokens being traded, Uniswap has a $5B market cap, and after 4 weeks since announcing, Zero Exchange has already attracted over $60M in volume and…

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Ethereum Nears All-Time High Despite Alarming Bearish Signals

Ethereum rose on Tuesday, partially because of its positive correlation with Bitcoin, the top cryptocurrency that also notched gains, and partially because the Chicago Mercantile Exchange will offer Ethereum Futures effectively from February 8, 2021. Trades flocked into the second-largest cryptocurrency during the early European session, pushing its prices against the US dollar up by…

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Crypto Roundup: February 1st, 2021

Bitcoin appeared to hitch a ride on Elon Musk’s rocket on Friday. The cryptoasset soared by 20% to hit $38K as the world’s richest man added #bitcoin to his Twitter Bio, and a record number of options contracts expired. However, despite the spike, soon enough the world’s largest crypto was drifting back to earth. This…

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Crypto Market Analysis: 1st February 2021

It was an eventful week for investors of all kinds. Momentum was injected into markets by Joe Biden’s apparent election win and the news of the Pfizer and BioNTech vaccine trial showing a 90% efficacy. The S&P, Dow Jones and the FTSE 100 all rallied significantly on the news before the upward trend leveled off.…

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