Yam Finance, an experiential Decentralized Finance (DeFi) protocol, saw its market cap crash down to zero within minutes on Aug. 13. With it, major DeFi tokens, including Compound, Yearn Finance, and Balancer, plunged as well. YAM/USD price performance. Source: Coinmarketcap Compound, the second biggest DeFi protocol in the global market, saw its market cap drop
Cryptocurrency
“Tether is an accident waiting to happen,” Brandt tweeted on Aug. 10, in response to a separate post looking at USDT’s market cap and the total crypto industry’s market cap in line with overall digital asset volume. “Tether is just another fiat currency,” he added, putting Tether in the same class as national currencies, such
Cryptocurrency pornography startup PornVisory is moving to a decentralized governance structure based on the (decentralized flexible organization) DFO standard. According to PornVisory, DFO governance will enable token holders to propose changes and vote on governance aspects that will be subject to community voting. Platform users will need to stack the platform’s PVY Ethereum-based tokens to
Timothy Peterson, a chartered alternative investment analyst, says Chainlink (LINK) token could be valued at $32 by the end of 2020. Peterson’s comments come just days after LINK rallied by 88% over the course of two weeks. The explosive growth of the Decentralized Finance (DeFi) market is thought to be one of the primary factors
This morning Grayscale, the world’s largest provider of cryptocurrency investment vehicles, temporarily turned its attention away from hoovering up the supply of Bitcoin to focus on arguably the most intractable problem in all of crypto: getting your stubborn friends and family on board. Last Friday Grayscale founder and CEO Barry Silbert teased a massive ad
The U.S. markets have rallied sharply from their March lows, led by the tech sector and Fed injections designed to hold up the ailing economy. Markets across the globe have also joined the party as a steady economic recovery from the coronavirus pandemic picks up steam. The fast-paced rally in global stock markets has pushed
August 6, Monero (XMR) has experienced its biggest increase in hashrate since the network’s creation in 2014. Monero hashrate. Source: Coin Metrics. The Monero hashrate increased from 1.67 GH/s on August 5 to 2.2 GH/s on August 6. That 0.52 GH/s single day gain is the highest in the project’s history. Prior to this, most
Will Bitcoin break the next resistance at $12,000? Which altcoins are looking promising (and which aren’t)? Tune in now to this week’s Crypto Markets Live to find out! Trading experts Big Cheds and Big Chonis apply their signature technical analysis to Bitcoin (BTC), Chainlink (LINK), Tezos (XTZ), Ripple (XRP), and more. They will also discuss
Band Protocol (BAND), a rival blockchain network to Chainlink (LINK) — which is also at an all-time high — surged by 65%. Within 24 hours, BAND rose from $4.825 to $8, setting a new record high. Three major catalysts appear to have triggered the rally of BAND, namely the DeFi (decentralized finance) boom, Coinbase listing
Crypto Capital co-founder Reginald Fowler has rejected a plea deal with the US government in an ongoing case in which he is accused of operating a “shadow bank” for several crypto exchanges. Fowler was indicted in April 2019, along with Israeli national Ravid Yosef, for allegedly running a shadow bank for several cryptocurrency firms, including Bitfinex