Ethereum Watch

Advertisements Bitcoin may have stumbled at resistance and could be heading for a prolonged period of consolidation at lower levels. Ethereum, however, could be on the cusp of another bull market as on-chain metrics and signs continue to improve. In a lengthy thread, DTC Capital head Spencer Noon (@spencernoon) posted several charts and metrics that […]

Advertisements Following a low-key third halving (in terms of price), Bitcoin was maintaining a sort of quasi-stability in the high-$8,000s for nearly two days. On Wednesday, however, things started pacing up once again as the benchmark cryptocurrency crossed the psychological barrier at $9,000 and then went straight past the resistance at $9,200. Many observers were […]

Advertisements The decentralized finance and lending protocol Lendf.me suffered an attack recently. In an interesting turn of events, some of the funds were actually returned with a message for the project. The DeFi community is scrambling to make sense of yet another theft. Some $25M was allegedly drained from a contract by Lendf.me, a decentralized […]

Advertisements Another decentralized finance (DeFi) platform temporarily hit the pause button due to an attack. $25M was drained from the smart contract. Hacks and exploits in the world of decentralized finance (DeFi) seem to be increasingly more common. The latest victim is Lendf.Me — and the dApp has now been put on ‘pause.’ On April […]

Advertisements An organization providing a non-custodial Bitcoin loan platform has joined up with some of the blockchain industry’s biggest names to raise funds to build a native decentralized finance (DeFi) solution for Bitcoin. Atomic Loans has raised $2.45 million in a seed round led by venture startup firm Initialized Capital. The funding round included Ethereum […]

Advertisements The spike in Ethereum trading volume seen in February has all but disappeared amid the current economic and humanitarian crisis gripping the world. As macroeconomic trends take center stage, much of the cryptocurrency sector has been left in the shadows — a marginal player amid the worsening crisis, Ethereum is no exception. The leading […]

Advertisements In mid-February, the total value locked in decentralized finance (DeFi) was around $1.2 billion. That number is now around $500 million. Decentralized finance (DeFi) has been all the rage in the past few months. Dominated by Ethereum (ETH), it still remains popular. However, the recent crisis has demonstrated that the idea suffers a serious […]

Advertisements The market crash witnessed on March 12 nearly brought the Ethereum-powered DeFi sector to a halt as the ether price took a serious nosedive. The situation was severe to the extent that MakerDAO, the largest DeFi player on the network, contemplated an emergency shutdown. Ethereum has emerged to be a significant player in the […]

Advertisements A recent tweet is gaining buzz in the cryptocurrency community claiming that we are ‘in 1997’ when it comes to decentralized finance (DeFi). In other words, it’s still very early. If you’re a believer in the potential of decentralized finance (DeFi), then you probably view it as a long-term bet. The prevailing opinion on […]

Advertisements Several reports have been released in recent months suggesting that financial institutions are moving towards a cashless society — one built on top of decentralized technologies and central bank digital currencies. In addition to the fact that several countries are releasing their own Central Bank Digital Currencies (CBDCs), banks are also considering simply implementing […]