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“# Dune Analytics opposes $25M Uniswap grant to competitor ” Disclaimer. This article has been updated to include comments from both Dune Analytics and Flipside Crypto as well as the fact that the governance vote has flipped in favor of those against the grant allocation. Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced…
“# Ethereum’s rise to No.1 crypto ‘seems unstoppable’ says deVere Group CEO ” The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021. The deVere Group chief executive Nigel Green also believes that Ethereum’s value…
“# Ethereum ‘liquidity crisis’ could see new ETH all-time high before Bitcoin — Analyst ” Ethereum‘s native token, Ether (ETH), may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals. In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH…
“# Vitalik thinks token-based decentralized governance is holding DeFi back ” Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the DeFi sector back from realizing its full potential. In a lengthy blog post published Aug. 16, Buterin stated the…
“# Pro traders know it’s time to range trade when this classic pattern shows up ” A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes,…
“# Analysts say this key metric suggests an altcoin season is at hand ” Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the…
“# Mining software appears to have cracked Nvidia’s Lite Hash Rate algorithm ” The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations. Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining….
“# 1inch announces deployment to Optimism’s layer-2 solution ” Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays. Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction…
“# The perfect storm: DeFi hacks will advance the crypto sector moving forward ” The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly,…
“# Eth2 staking contract ranks as single-largest Ether hodler with $21.5B ” The staking contract for the Ethereum 2.0 blockchain is now the single-largest holder of Ether. According to blockchain analytics provider Nansen, the Eth2 staking contract has surpassed Wrapped Ethereum (wETH) to become the single largest holder of ETH. Unlike Ether, Wrapped Ether adheres…