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“# Altcoins soar to multi-year highs while Bitcoin price gathers steam ” Ether (ETH) led the market higher as it trekked toward another new all-time high at $1,763. ETH CME futures are scheduled to launch on Feb. 9, leading many analysts to predict that the top-ranked altcoin will hit $2,000 before meeting any significant resistance. …
“# Price analysis 2/5: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BNB, BCH, XLM ” Bitcoin’s (BTC) correction from its January high has not shaken the confidence of institutional investors. According to Glassnode analysts, the number of whales holding more than 1,000 Bitcoin has increased by 200 this year. Along with the institutions, several high…
“# The year 2021 will bring DeFi into adolescence ” Following the explosive growth of decentralized finance in the second half of 2020, we’re asking ourselves what the next chapter will look like. What would it take for DeFi to expand beyond crypto-native assets and communities and start eating financial services as we know it?…
“# After Yearn exploit, attacker funds frozen and reimbursement plans developing ” Following an exploit last night that cost yield vault project Yearn.finance $11 million in stablecoin DAI, crypto community members from multiple projects have rallied to mitigate the effects, reclaim exploited funds, and reimburse affected users. First reported by the project at 5:09 pm…
“# Ether price breakout to $1,750 sees Ethereum network fees hit all-time high ” Largest altcoin Ether (ETH) built on its recent all-time highs on Feb. 5 to climb ever closer to $2,000. ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView Ether price hits record $1,750 Data from Cointelegraph Markets and TradingView showed a fresh breakout…
“# EY deploys blockchain products on China’s Blockchain-based Service Network ” Ernst & Young, one of the world’s largest professional services networks, is expanding its blockchain services in China in partnership with major local blockchain projects. According to a Feb. 5 announcement, EY will deploy its blockchain products on the Ethereum blockchain and Blockchain Open…
“# The good news for ETH hodlers about insane gas fees ” Ethereum and DeFi proponent Ryan Sean Adams has drawn attention to how high gas fees relative to the current Ether price could actually be a bullish sign. Citing this week’s Grayscale research paper ‘Valuing Ethereum’ the Bankless commentator claimed that Ethereum is “actually…
“# DeFi tokens lead the market higher as Bitcoin price searches for momentum ” Several DeFi tokens saw their prices breakout on Feb. 4 as Bitcoin (BTC) and Ether (ETH) prices traded sideways for the day. Aside from the general bullish trend permeating the DeFi sector, positive comments from big-name investors touting the benefits of…
“# ‘Expensive lesson’: 75 Eth2 validators slashed for introducing potential chain split bug ” Staking infrastructure provider Staked said it had learned “an expensive lesson” after 75 of its Eth2 validators were slashed on Feb. 4 from the staking pool as punishment for producing competing blocks. In a statement, Staked took the blame for the…
“# MEW now provides access to 2000 DeFi and NFT DApps on mobile ” Ethereum wallet and interface MyEtherWallet, or MEW, has brought decentralized applications to its 1.3 million monthly users through a new “DApps Browser” feature in the MEW mobile app. The collaboration with DApp analytics site DappRadar opens the door for MEW users…