DeFi or Decentralized Finance has etched a considerable presence in the ecosystem over the past two years, building a market worth over $800 million at press time. DeFi apps are undoubtedly some of the major dApps on the Ethereum blockchain, and since the launch of MakerDAO, currently, over six ETH DeFi apps hold over $10 […]
Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180.There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar.The price is up around 4% and it is likely to […]
CherrySwap v2, an automated market maker for interest rate swaps, is an early insight into how DeFi can absorb traditional finance by recreating similar mechanisms in a permissionless manner. Hedging Positions and Swapping Money Bitcoin was the direct result of technologists and cryptographers experimenting in the world of finance. More than 11 years on, and […]
Ethereum found support near the $158 area and climbed around 5%, just like bitcoin. However, ETH price is facing a strong resistance near $170, above which it could continue higher.After forming a support base near the $158 level, Ethereum recovered above $162 against the US Dollar.The price is up more than 5% and it broke […]
Central Bank Digital Currencies [CBDC] have gained prominence at the 2020 World Economic Forum. ConsenSys released a whitepaper that outlined a practical proposal for central bank digital currencies on the Ethereum blockchain. The whitepaper stated, “We propose that central banks issue CBDC on a large-scale, private, permissioned, Ethereum-based network in which central bank appointed intermediaries […]
Ethereum is making headway, in terms of real-world applications. Especially, with the smart contract feature and in the DeFi sector. As for the price of ETH, it stood at $162 at the time of writing with a market cap of $17.8 million. The coin has witnessed a growth of over 1.59% in the last 24 […]
DeFi continues to be a contentious topic in the blockchain industry. In recent months, the total USD locked in DeFi hit an ATH and is likely to see a significant increase. However with regard to DeFi adoption, many are still a bit more skeptical. Aleks Larsen, Investment Associate at Blockchain Capital in a recent conversation […]
Ethereum is down more than 10% from the 2020 high against the US Dollar, similar to bitcoin. ETH price is likely to test the $148 support area before a fresh increase.ETH price is currently correcting lower from the $179 swing high against the US Dollar.The price is showing a few bearish signs and it might […]
Ethereum Classic [ETC] recently underwent a successful network upgrade on 12 January. The Agharta hardfork included features from the Ethereum Constantinople opcodes, with the same contributing significantly to the interoperability between ETC and Ethereum. During an AMA hosted by Messari, Bob Summerwill, Executive Director at ETC Cooperative and Kevin Lord, Ethereum Classic Community Manager at […]
With Bitcoin gaining more importance in the current market, certain centralized institutions fear that Bitcoin‘s decentralized monetary policy might eventually take over and destabilize the authority or control major central banks wield. Bitcoin’s monetary policy has been discussed fervently for a while now, with many major assets trying to follow the path set by the […]
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