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“# Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV ” Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend. <p>Chicago Mercantile Exchange’s cash-settled Bitcoin (BTC) futures trading products “contribute more to price discovery than its related spot markets,” according to findings…
“# Redditors are now spam-farming Bricks and Moons ” A new form of crypto-agriculture appears to be taking shape, with Reddit’s “community points” tokens facilitating the emergence of spam-farming. Reddit’s community points are given to users based on their activity within a given subreddit, with the feature currently activated for the platform’s cryptocurrency and Fortnite…
“# 3 years after the ICO, Filecoin (FIL) rallies 118% upon listing ” On Thursday Filecoin (FIL) began trading across major exchanges over three years after its initial coin offering. Upon listing, the token traded at wildly different prices across multiple exchanges and while the premium shows there is still an appetite for altcoins, investors…
“# Escalating DeFi scams tarnishing the crypto yield farming market niche ” For those active in the decentralized finance arena, hardly a day goes by without a report of one project or another “exit scamming” its investors. From rug-pulling to fake presales, DeFi experts and novice traders alike are bleeding valuable Ether (ETH) from these…
“# Price analysis 10/12: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, CRO ” Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher. <p dir=”ltr”>U.S. equity markets are nearing <a rel=”nofollow noopener noreferrer” target=”_blank” href=”https://www.cnbc.com/2020/10/11/stock-market-futures-open-to-close-news.html” data-amp=”https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2020/10/11/stock-market-futures-open-to-close-news.html”>all-time highs</a> on the hopes that Democrats and Republican will break their current stalemate…
“# DeFi traders blame YFI price collapse on shorting by Alameda Research ” Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX. In the past month, DeFi giant…
“# DeFi market fall showcases how rising TVL doesn’t tell the full story ” The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi…
“# Group raising funds to sue Andre Cronje over EMN hack ” A group of investors is crowdfunding a lawsuit against Yearn.finance (YFI) founder Andre Cronje over the unreleased and unfinished Eminence (EMN) protocol and its hack. In a post, the group EMN Investigation said it is raising money to sue Cronje, Yearn developer ‘banteg,’…
“# Ethereum miners made 450K ETH from high network fees during DeFi peak ” Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due…
“# Yearn.finance (YFI) gains 36% as DeFi tokens follow Bitcoin’s bullish trend ” In the past 72 hours, Yearn.finance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges. Three factors that may have catalyzed the sharp rebound are: YFI had become deeply oversold, lead developer Andre Cronje’s deep commitment…