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“# Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher ” In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor. One platform that has benefited…
“# DeFi aggregator 1inch stages new ‘vampire airdrop’ to Uniswap users ” The 1inch.exchange protocol, a platform that aggregates decentralized exchanges and provides its own automated market maker, is airdropping a new stash of its 1INCH tokens. The airdrop follows the initial generation of the new tokens on Christmas, which were distributed to past users…
“# Web-based YIELD App looks to tackle DeFi’s ‘inherent complexity’ ” Retail trading platform YIELD App has launched a beta version of its web platform, giving retail traders direct access to the fast-moving DeFi market. The new platform, which is designed to simply DeFi access for the masses, registered 2,000 early users and collected $3…
“# DeFi growth and potential Grayscale YFI security push Yearn.finance to $45.9K ” In the early hours of Feb. 11 Yearn.finance (YFI) experienced a high volume spike which pushed the price to a new all-time high at $45,900. Data from Cointelegraph Markets and TradingView shows that YFI hit a swing low at $33,638 on Feb.10…
“# Qtum, Status (SNT) and Iota (MIOTA) rally after breaking multi-year downtrend ” Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies…
“# Grayscale is tentatively looking to offer YFI ” Grayscale Investments has registered an LLC for a prospective Yearn Finance (YFI) Trust, giving the first sign that the asset manager is considering the DeFi coin. The new YFI entity was incorporated as a Statutory Trust in Delaware on Feb. 10, 2021. Grayscale now has 33…
“# Pundi X (NPXS) gains 102% ahead of testnet launch and token burn ” Since Feb. 6 Pundi X (NPXS) has rallied by 102%. While it would be easy to assume that it’s breakout is simply following in the hoof prints of the herd of altcoins that have been rallying alongside Bitcoin, the current move…
“# NFTs take center stage at ETH Denver 2021 ” At ETH Denver’s virtual conference, non-fungible tokens have been in the limelight with seven mainstage presentations devoted to utility, adoption, and novel use cases — a sign of growing acceptance for what was once considered a niche or lesser application of blockchain tech. While the…
“# Chainlink, Aave, Messari and others launch GoodFi crypto alliance ” Some of DeFi’s biggest players have joined forces to launch a new alliance geared towards furthering the education, research and best practices of the nascent industry. The GoodFi alliance includes crypto projects Chainlink, Aave, Radix and mStable, as well as digital analytics company Messari….
“# Finance Redefined: Is this the escape from Ethereum? Feb. 3–10 ” Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. It seems that this week, finally, the community has had enough of Ethereum’s gas fees. That is obviously a bit of hyperbole, as gas fees are high precisely because people are willing…