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Day: August 14, 2020

cryptocurrency August 14, 2020

Advertisements Ethereum price surged to a two-year high at $445 and record open interest on ETH futures hints that the rally will continue. Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at […]

cryptocurrency August 14, 2020

Key Takeaways While DeFi has sound long term prospects, it’s currently driven by speculation The number of DeFi users is quickly growing, but it’s still tiny and composed mostly of whales and risk-taking speculators Roadblocks like Ethereum’s limited transactions per second obstruct DeFi’s mass adoption Share this article The DeFi craze is full-steam ahead: the […]

cryptocurrency August 14, 2020

It’s been an explosive past few days for Ethereum. After consolidating under $400 for a number of days, the leading cryptocurrency shot higher on Thursday and then continued its ascent into Friday. Advertisements As of this article’s writing, ETH is up 12% in the past 24 hours. It trades at $444, surging decisively past the […]

cryptocurrency August 14, 2020

Advertisements ETC’s bad month isn’t over yet. ETC is facing delisting from OKEx in the wake of a 51% attack that cost the exchange $5.6 million. According to a report recently released by OKEx, the perpetrators registered five accounts between June 26 and July 9, 2020, subsequently depositing 68,230.02 ZEC (worth more than $5 million) […]

cryptocurrency August 14, 2020

1inch exchange’s Chi Gastoken (CHI) promises token swaps with lower fees. The value of the token rocketed this past month, but does it do what it was designed for? Advertisements Anyone who has been chasing tokens on Uniswap or moving ETH has noticed the sky-high transaction fees. Someone even allegedly paid $400 in gas to […]

cryptocurrency August 14, 2020

Advertisements Quick take: ETH fees on the Ethereum network have continued to skyrocket. Yield Farming on DeFi platforms is one reason ETH fees are high. Some users of Ethereum believe such high fees are unsustainable. Ethereum (ETH) has however sidestepped the fud and broken the $400 price ceiling. The DeFi boom has had a positive […]

cryptocurrency August 14, 2020

Advertisements Skyrocketing Ethereum fees and the exorbitant costs of interacting with DeFi smart contracts, threaten the growth of the sector. The surging popularity of decentralized finance (DeFi) protocols on Ethereum (ETH) has contributed to skyrocketing fees, with the network processing an all-time high of $6.87 million in total fees yesterday.  Speaking to Cointelegraph, Synthetix (SNX) […]

cryptocurrency August 14, 2020

Key Takeaways Curve Finance began as a crypto swapping platform, offering traders low slippage trades across major stablecoins Hype around the imminent release of the protocol’s native token has pushed the project into the spotlight The team behind Curve are far from newcomers: It’s founder continues to work on NuCypher, an encryption protocol for smart […]