Ethereum Watch

Advertisements In brief: 9.2 Million Ethereum or 8.2% of ETH’s circulating supply is locked in DeFi Majority of the Ethereum is locked in the five protocols of Maker, Compound, SushiSwap, Uniswap and Aave If the ETH 2.0 deposit contract was considered as DeFi, there would be a total of 12.756 Million Ethereum locked making up […]

Ethereum has drawn many comparisons with early Bitcoin, and is expected to grow in value substantially and make for life-changing wealth. Those that missed out on the initial run up are in luck, however, as one crypto analyst says that the recent bullish retest presents a “once-in-a-lifetime opportunity.” Advertisements Here’s an in-depth look at the […]

Key Takeaways Solana and Serum recently hosted a hackathon for DeFi projects building on their ecosystem. Mango Markets and PsyOptions came in joint first place at the event. Sam Bankman-Fried and Anatoly Yakovenko praised the quality of projects that participated in the hackathon. Share this article The Solana and Serum ecosystem has several promising new […]

Key Takeaways The round was led by CMS Holdings, Alameda Research, and eGirl Capital. Alchemix has stormed the DeFi space by offering loans that reimburse themselves. Alchemix builds on Yearn Finance vaults and uses their yield to reimburse the loans. Share this article Newcomer to the scene, Alchemix has already raised $4.9 million from some […]

Advertisements Quick take: Trading of NFTs is booming in the crypto-verse The top 3 NFT marketplace had a combined trading volume of $342 million in February 22 NFTs sold for more than $200k in the same month NFTs are perfect for collectibles in the various global sports leagues Like all things revolutionary in crypto, Non-Fungible […]

Advertisements In brief: Tron’s founder, Justin Sun, has bid half a million USD for Jack Dorsey’s first Tweet on the Valuables NFT market Jack Dorsey listed the tweet for sale earlier today The Ethereum based Valuable NFT marketplace allows users to buy and sell tweets autographed by their original creators The founder and CEO of […]

Advertisements Summary: Charlie Lee has compared the current NFT boom to ICOs in 2017 and altcoins in 2013 He cites that NFTs are easy to create, simple and are bringing in new people into crypto Charlie Lee went on to point out that an NFT is a digital certificate to a collectible Billionaire investor, Mark […]

Key Takeaways A yield farming project on BSC has been hacked for $31 million. Their website, twitter account, and telegram channel are all down, suggesting a rug pull by creators. The hackers are using DeFi avenues to move the stolen tokens. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner […]

Key Takeaways Capital gains tax and income tax apply to DeFi earnings depending on the activities and platforms in question. Liquidity pool tokens are typically subject to capital gains, while native tokens are more commonly subject to ordinary income tax. You can take out a crypto loan to pay taxes without triggering another tax event […]

Key Takeaways Indexed Finance has launched a new DeFi-focused index called DEGEN. The index features small to mid-sized DeFi projects with high growth potential, such as Thorchain and Reserve Rights. Liquidity provision launches on Uniswap. It will later move to Sushiswap. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner […]