Crypto Twitter has been captivated by a newly launched protocol called YAM that is structurally similar to Ampleforth – in terms of its regular rebasing – with the same “meme potential” as other popular DeFi tokens like YFI. YAM – which is somewhat experimental – has gone viral on social media, with prominent industry figures…
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XRP has been struggling to maintain the upwards momentum that it incurred just over a week ago. The cryptocurrency met insurmountable resistance within the lower-$0.30 region that slowed its ascent, subsequently causing it to break back into the upper-$0.20 region. From this point on, it has been stuck in a firm consolidation phase, with its…
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Decentralized finance — better known as “DeFi” — is back in style once again. This segment of the cryptocurrency market has been surging higher once again, with tokens pertaining to the space gaining dozens of a percent in a day. This comes as Bitcoin and Ethereum, the crypto market leaders, have stagnated a few percent…
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It appears that the Coinbase Effect is in full swing. An hour ago, the leading cryptocurrency exchange announced that it will be listing a new coin on its professional trading platform, Coinbase Pro. The cryptocurrency it listed is Numeraire (NMR), a popular altcoin project from 2017, and it has surged over 100% since the announcement:…
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Activity on the Matic Network has gone into overdrive of late. The project recently finalized Phase 1 of its mainnet launch by adding third-party staking validators into the mix. The list of external validators available so far includes Infosys, Chain Guardians, Biconomy, and Torus. Current available staking validators. (Source: wallet.matic.staking) The firm recently tweeted that…
DetailsThe dollar’s recent weakness and the decline has economists calling for the death knell. Amidst the discussion surrounding dethroning the asset, other competing currencies, and even gold are being pointed to as alternatives suitable as the next global reserve currency. However, according to one ETF manager CEO, Bitcoin has also cemented itself as a viable…
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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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