The food-related craze for yield farming is showing no sign of abating. So far this year, the crypto space has been treated to Yam, Shrimp, Spaghetti, Cream, and of course, the most-talked-about dish of recent weeks — Sushi. Next up on the menu is BurgerSwap, the latest decentralized exchange that aims to improve upon Uniswap
Cryptocurrency
The U.S. Federal Reserve recently hinted that it could keep interest rates near zero at least through 2023. The Bank of England went a step ahead and said that it could explore options for cutting rates below zero in order to support an economy battered by the coronavirus lockdowns and the upcoming Brexit. In other
The token, which was airdropped to past Uniswap users in batches of 400 per wallet without warning yesterday, has defied predictions that the market would crash from its initial pricing of $3 as the 75,235 users who have claimed so far raced to dump their free coins. Instead UNI has establishing a trading range of
Unfazed by the controversy over its SushiSwap listing, Binance has already announced support for Uniswap’s new token around an hour or so after it was announced. The decentralized finance (DeFi) platform’s governance protocol token UNI went live on Ethereum (ETH) around 90 minutes ago. Over the next four years, one billion UNI tokens will incrementally
Programmable money (PM) is in the air. It may be the next stage in the evolution of money. And it could be as disruptive as any financial technology in development today. Yes, China is close to launching the first central bank digital currency (CBDC) at scale — perhaps within the next 12 months — but
Decentralized finance (DeFi) protocol Yam Finance is relaunching on September 18. Yam Finance V2, a fork of Compound (COMP) featuring a native token with an elastic supply, burst onto the DeFi scene last month — garnering more than half a billion in assets from yield farmers within 24 hours of launching. However, the unaudited V2
In recent weeks, most of the cryptocurrency market has been doing poorly except for a few select altcoins. One of them is Yearn.finance (YFI), which was discussed in an earlier article. The other large-cap cryptocurrency doing well is Binance Coin (BNB), as the token of the cryptocurrency exchange dropped to $18 and immediately ran to
In recent weeks, talk of hotdogs, sushi and yams has infiltrated the crypto industry. Such references, however, are not as they seem and actually relate to assets in the decentralized finance sector of crypto. Over the course of 2020, DeFi has seen bubble-esque speculatory levels based on projects that may or may not hold long-term
A week ago, the market was on shaky ground as volatility went through the roof with massive drops in portfolios seen across the board. However, this past week was relatively boring and stable as the price of Bitcoin (BTC) is now in a narrow range. This narrow range is confusing the majority of traders as
One of the hottest cryptocurrencies in recent weeks has been Yearn.finance (YFI). The project fundamentals are food for thought, but its price is also a relatively new approach in the cryptocurrency markets, with YFI valued at over $30,000 per YFI, or three times the price of one BTC, albeit with a much smaller market cap.
The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network. The official proposal, published last week, says the IRS will accept submissions in the form of working prototypes
The rapidly expanding DeFi space is becoming riddled with scams as another suspicious project has headed for the exits carrying speculators’ money. “A new liquidity mining pool DeFi project, Yfdexf.Finance has exited the market after defrauding investors of $20 million in total funds locked in its protocol,” media outlet ZyCrypto wrote on Sept. 10. The
As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token. Offering USDC on Algorand gives the asset layer 1 scalability, touting more than 1,000 transactions per second, or TPS, while costing
New York-based crypto investment firm CoinFund has made an undisclosed investment into the digital art-focused non-fungible token (NFT) marketplace, Rarible. According to a September 8 announcement from Rarible, funds from the pre-seed round will be used to develop a “community-governed” NFT marketplace. The Rarible platform launched earlier this year and began issuing its RARI governance
Uniswap recently surpassed Coinbase Pro in trading volume, overtaking one of the most popular centralized exchanges in the space after reaching around half a billion dollars in daily volume. Although Coinbase Pro is by no means the largest exchange out there, it seems that the decentralized sector is catching up to traditional crypto trading platforms.
Following SushiSwap’s dramatic drop, users blasted crypto exchange Binance for even listing the token in the first place. But Binance stands by its decision to back risky projects. Binance CEO Changpeng Zhao, better known as CZ, defended their decision to list projects and tokens like SUSHI in a tweet. “As one of the leaders of