The DeFi space has taken some wild twists as of late, causing crypto Twitter feeds to look a lot more like a menu at a local dining establishment. The bizarre world of decentralized finance and yield farming tokens has taken a turn for the weirder, bringing about a flurry of food-named crypto assets on Uniswap.…
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Demand for the Ethereum blockchain has been rising at a rapid pace throughout the past several weeks and months, with the DeFi mania driving swathes of investors to decentralized exchanges like Uniswap to trade ERC-20 tokens. One byproduct of this trend has been a massive spike in the cost of fees to transact on Ethereum,…
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Bitcoin saw a strong crash on Wednesday after another attempt at breaking past and holding $12,000. The leading cryptocurrency dropped as low as $11,200 as sellers flooded the market. Some say it was news that the office of Bithumb, a leading exchange in South Korea, was raided that crashed the market. BTC has yet to…
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XRP has been closely tracking Bitcoin and the other major altcoins throughout the past few days. Although this helped provide it with some slight momentum earlier this week, it has since caused it to see some notable downside, as the aggregated crypto market is beginning to show some signs of weakness. That being said, there…
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Band Protocol was an early winner in the DeFi craze, posting massive gains throughout August based on a combination of hype for oracle tokens, integration news, and exchange listings. This allowed it to surge from the lower-$2.00 region to highs of $18.00 – marking a massive rise that came about early on in the course…
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Following in the flaming hot footsteps of Chainlink, its closest competitor, fellow decentralized oracle solution Band Protocol had an incredible few month rally. The asset shot up to set a new all-time high, rising several hundred percent along the way. But after such a powerful and rapid rise, an elastic band effect could send the…
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Bitcoin saw a notable selloff today that struck a heavy blow to the cryptocurrency’s technical outlook. This decline sent it down to its range lows of $11,100 that have been tested on multiple occasions throughout the past few weeks. This level has continued acting as strong support for the benchmark digital asset. Analysts are now…
DetailsThe leading crypto spot trading and derivatives exchange platform, OKEx has followed up with its recent listing of Polkadot’s DOT token with another listing. This time, it is Mantra DAO (OM) — the first DeFi project built on Parity Substrate for the Polkadot ecosystem. Spot trading of OM against USDT and ETH went live on…
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Bitcoin price over the 24 hours plummeted from over $12,000 to as low as $11,150 in a violent selloff. As blood runs in the streets and the crypto market turns into a sea of red, investors must decide to buy the dip or sell before things get worse. According to a massive bearish divergence on…
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Bitcoin plunged lower on Wednesday, continuing its correcting downtrend after hitting a near two-week high at $12,086 earlier this week. The benchmark cryptocurrency fell by up to 6.41 percent to $11,160. Its move downhill extended the net pullback to 7.47 percent, signifying a renewed selling pressure in the $11,700-$12,000 area. That was the fifth time…
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