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“# Too little, too late? Ethereum losing DeFi ground to rival blockchains ” 2021 has been a great year for Bitcoin (BTC) and crypto in general. However, Ethereum and the decentralized finance, or DeFi, sector have outshined other niches of the cryptocurrency space, dazzling the community with enormous growth in terms of popularity, engagement and…
“# Chiliz (CHZ) rallies 60% to a $1B market cap as fan token offerings expand ” Non-fungible tokens and decentralized finance are two of the hottest concepts in the crypto sector and each is altering the way projects and companies interact with the public on a wide scale. One project that is looking to apply…
“# Dev says $31 million Meerkat Finance exploit was a ‘test’; will return funds ” There may be good news on the horizon for the victims of one of DeFi’s largest-ever exploits. At 5:30 AM UTC today, a Meerkat Finance developer identifying themselves as “Jamboo” posted a short message in a newly-created Telegram channel, “Meerkatrefunds.”…
“# Binance Smart Chain ‘copykat’ project loses $31 million in possible rugpull ” At roughly 9 am UTC today Meerkat, a decentralized finance (DeFi) protocol on Binance’s smart contract platform, lost $31 million worth of BNB tokens. While the team initially claimed that they had been the victim of an exploit, they have since deleted…
“# How wallet platforms are taking on exchanges ” One of the biggest trends in recent months has seen Bitcoin flow out of exchanges into wallets. Generally, this is interpreted as a bullish sign — indicating that investors are optimistic about further growth in cryptocurrency prices. But delve deeper, and there’s more to this than…
“# Here are 6 DEX tokens that have seen exponential growth in 2021 ” DeFi has steadily grown in prominence over the past year thanks in large part to the strong foundations established by decentralized exchanges (DEX) that enable easy access to the latest tokens and projects. While there have been previous iterations of DEX…
“# 1inch announces expansion to Binance Smart Chain, plans to run BSC node ” As part of a wider exodus, the highest-profile Ethereum-native decentralized finance (DeFi) project yet has announced an expansion to Binance Smart Chain. In a press release today, the 1inch team revealed that they’ve ported 10 million 1INCH tokens (currently worth over…
“# Finance Redefined: Ethereum exodus continues as Binance ‘helps,’ Feb 17–24. ” The parabolic rise of the Binance Smart Chain has been all over the news this week, aided by a few seemingly unfriendly moves by the exchange itself. It started on Friday, when Binance suddenly froze withdrawals of Ethereum-based assets for about one hour….
“# BNB price surges as Binance Smart Chain grows in popularity with DeFi ” Binance Coin (BNB) has been on an absolute tear in the month of February. It traded at $48.93 on Feb. 1 and grew to trade at $304 at the time of publication, amounting to a 521% month-to-date gain and 707% year-to-date gain….
“# REN price rallies 60%, hitting a new high after recent DeFi integration ” Ren (REN) price underwent a strong 65% breakout on Feb.19 as the interoperability-focused protocol saw continuing accumulation from whale wallets holding more than 1 million REN. Data from Cointelegraph Markets and TradingView shows that REN rose from $0.99 on Feb. 18…