Ethereum’s decentralized finance space has seen exponential growth over recent weeks and months. According to data site DeFi Pulse, there is now $6.65 billion worth of cryptocurrency locked in so-called DeFi protocols. This same metric was closer to $500 million at the start of the year and around $1 billion in March. Related Reading: Crypto Tidbits:…
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Bitcoin price is holding the $11,650 and $11,550 support levels against the US Dollar. BTC is currently recovering, but it must surpass the 100 hourly SMA to start a fresh surge. Bitcoin is still trading nicely above the $11,650 and $11,550 support levels, with positive signs. The price is likely to face a strong resistance…
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Chainlink has been flashing signs of immense strength in recent times, with the cryptocurrency’s recent “rug pull” decline being heavily absorbed by LINK bulls. This has allowed the crypto to find some stability within the upper-$16.00 region, with buyers now attempting to lay the groundwork for it to see further near-term upside. It does appear…
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From Monday to Wednesday, Ethereum suffered the first strong correction seen in a few weeks. The asset slipped from the highs of $440, set the week before, to approximately $395, a drop of around 10%. This drop was worse than that of Bitcoin. The leading cryptocurrency only lost 8% from its local highs, with bears…
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Bitcoin price recently set a new high for 2020 but has since pulled back to just under $12,000. However, the cryptocurrency is slightly “ahead of schedule,” according to a top crypto expert and former Google engineer. Because the asset is further beyond in its cycle “trajectory,” it could mean that there’s still more downside to…
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The Ethereum options market is seeing massive growth as of late, with the total open interest now rapidly approaching $500 million. The vast majority of this open interest still resides within Deribit, with the popular trading platform currently dominating the crypto-options market. Options have been seeing increasing popularity throughout 2020, with investors widely pivoting away…
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XRP has been trading in close tandem with Bitcoin and Ethereum in recent weeks, which has exposed it to significant selling pressure throughout the past few days. Analysts are now widely noting that the cryptocurrency could be well-positioned to see further weakness in the near-term if it stays below a crucial support level that its…
DetailsThe DeFi craze may finally be getting out of control. The crypto community has been in support of the thriving trend, even welcoming to experimentation and accepting of outright worthless tokens. But now that the trend is turning toward scams, it may be time to more closely consider the potential pitfalls of DeFi. A new…
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Blockchain-based travel booking firm Travala is adding VeChain’s native token, VET, to its list of payment options. Travala aims to create a smooth travel booking experience that integrates blockchain technology. What’s more, both firms believe the tie-up is a natural step in the path to the mass adoption of cryptocurrencies. With that in mind, Travala…
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YFI reached an all-time high this Thursday as the total value locked on its parent protocol, Yearn Finance, grew to over $676 million. Investors continue to pour capital into the yEarn, a smart contract that allocates those funds into the lending projects with the most attractive yields. Meanwhile, YFI acts as a governance token for…
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