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DeFi Player Synthetix [SNX] Announces Transition to “Optimistic Ethereum”

DeFi Player Synthetix [SNX] Announces Transition to “Optimistic Ethereum”

DeFi platform Synthetix [SNX] announced the first phase of its transition to the second layer scalability solution of Ethereum called Optimistic Ethereum. The official release defines Optimistic Ethereum as only a “generalized” layer two solutions for Ethereum since it doesn’t require any specific functionality to be built to support existing protocols of layer one. Synthetix First Phase The post DeFi Player...

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Expert Suggests DeFi Hitting “Inflection Point” Amid Rising Non-Fungible Token [NFT] Rush

Expert Suggests DeFi Hitting “Inflection Point” Amid Rising Non-Fungible Token [NFT] Rush

One hand, there are those who believe that the DeFi has an uncanny resemblance to the ICO bubble. But then, there are those who disagree with this narrative. Victor Lee, the CEO of the data intelligence platform for crypto, Bitcurate, believes that the DeFi space has a lot of potential. He tweeted, 6. Non-fungible-token (NFT) The post Expert Suggests...

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Crisis Hits NEO’s DeFi Dreams, Flamingo Finance Facing Technical Issues

Crisis Hits NEO’s DeFi Dreams, Flamingo Finance Facing Technical Issues

The NEO-based DeFi protocol, Flamingo Finance, happened to encounter a “technical issue” less than an hour before the beginning of the Mint Rush. This comes after the blockchain launched its DeFi product but stopped producing blocks a few hours after the initiation of the Liquidity Mining. NEOs DeFi Dreams Under Threat Its official Twitter Handle notified The post Crisis Hits...

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Gemini Enters DeFi Rush, Announces Listing Of 15 DeFi Tokens

Gemini Enters DeFi Rush, Announces Listing Of 15 DeFi Tokens

Decentralized Finance (DeFi) is the latest buzz in the crypto market with the massive bull run in DeFi over the last few months. Looking at the market craze and demand, crypto exchange Gemini has announced a massive listing of 15 new DeFi tokens. Gemini co-founder Cameron Winklevoss made the official announcement today. And because of The post Gemini Enters...

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How Bitcoin Price Could Explode in Late 2020

How Bitcoin Price Could Explode in Late 2020

Bitcoin prices have been falling back from their 2020 peak for the past six weeks but macroeconomic and political factors could drive resurgence towards the end of the year. Since its sharp decline on the first of September, Bitcoin has found relative stability in the mid-$10k range, remaining there for the past three weeks. Investors The post How Bitcoin...

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Bitcoin Technical Analysis: BTC Retreat Imminent After Hitting Barrier At $10,800

Bitcoin Technical Analysis: BTC Retreat Imminent After Hitting Barrier At $10,800

Bitcoins bullish momentum loses steam on encountering the 50-day EMA resistance. Declines linger as long as BTC cannot climb above the 50% Fibonacci level. Bitcoin explored levels in the key support range between $10,000 and $10,200 earlier this week. The last few days have been used by the bulls to correct the retracement from the The post Bitcoin Technical...

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Chainlink Price Prediction: LINK Soars 30%, Bulls Aim Higher Towards $14

Chainlink Price Prediction: LINK Soars 30%, Bulls Aim Higher Towards $14

Chainlink decouples from Bitcoin and other major currencies, rallying to highs above $10. LINK/USD has the potential to keep the uptrend going, a descending wedge pattern breakout is in the offing. Chainlink rallied massively in the last 24 hours, reminding investors in the cryptocurrency market that we are still in a bullish market. The last The post Chainlink Price...

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Will Uniswap [UNI] Survive The Ongoing Token Outflow?

Will Uniswap [UNI] Survive The Ongoing Token Outflow?

The surprise launch of Uniswap’s UNI governance token created a lot of buzz in the DeFi world. Days after climbing to an all-time high of $7.07, UNI shed more than 46% of its gains in just two days when it dropped to $3.79. Despite the dip, UNI bounced back, and at the time of writing, The post Will Uniswap...

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Binance Reveals New Defi Entrants On BinanceSmartChain

Binance Reveals New Defi Entrants On BinanceSmartChain

Cryptocurrency exchange Binance has just announced the listing of BakeryToken [BAKE] and Burger Swap [BURGER] in its Innovation Zone. Traders can trade in BAKE/BNB and BURGER/BNB trading pairs starting from 24th September at 11:00 AM [UTC]. Earlier, announcing the same, Binance tweeted, #Binance Will List #BinanceSmartChain Projects, $BAKE @bakery_swap and $BURGER @burger_swap, in the Innovation Zonehttps://t.co/c5LTlm5F9A The post Binance Reveals...

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LINK Marines Lock and Load as Price Falls to Six Week Low

LINK Marines Lock and Load as Price Falls to Six Week Low

Chainlink’s native token LINK has been one of the hottest crypto assets this year but that has not helped it escape this week’s big selloff. Crypto asset markets have dumped $35 billion in terms of total capitalization since the weekend and the sell-off looks set to continue as Bitcoin and its brethren weaken. A number The post LINK Marines...

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We Are Still Very Early in DeFi Market Investment: Analyst

We Are Still Very Early in DeFi Market Investment: Analyst

Decentralized finance and crypto markets may have slumped this week, but zooming out to look at the bigger picture suggests that we are still at very early stages of investment. Crypto investor Andrew Kang has taken a deep dive into the state of decentralized finance markets and concluded that things are currently somewhere between the The post We Are...

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Yearn.finance Technical Analysis: YFI rebound to $25,000 remains a challenge

Yearn.finance Technical Analysis: YFI rebound to $25,000 remains a challenge

Yearn.finance refreshes support at $20,000 but rebounds towards $22,000. On-chain data predicts increased selling pressure towards $25,000. Yearn.finance saw the rebound predicted at the beginning of the week invalidated after failing to close above the 50 Simple Moving Average (SMA) in the 4-hour range. The rebound came into the picture following the formation of a The post Yearn.finance Technical...

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Ethereum Price Analysis: ETH Poised For Rebound To $360

Ethereum Price Analysis: ETH Poised For Rebound To $360

Ethereum price retests support at $310 twice in September. A double-bottom pattern in the 4-hour range predicts recovery to $360 in the near term. After trading highs of $489 at the beginning of September, the smart contract token has tested support at $310 twice. Recovery has been capped under $400 with Ether suffering rejection at The post Ethereum Price...

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Ethereum’s Accumulation Trend Remains Unfazed by Price Downturn

Ethereum’s Accumulation Trend Remains Unfazed by Price Downturn

Ethereum’s price underwent a major correction of nearly 16% following the market downturn. The network has been thriving as user activity skyrocketed, thanks to the DeFi explosion and numerous on-chain metrics demonstrated significant demand for the underlying crypto asset, ETH. Despite the explosive growth of the sector, DeFi did not escape the carnage following Ethereum’s The post Ethereum’s Accumulation...

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Binance Launchpool Unveils Neo-based DeFi Protocol Flamingo, Neo Price Surges 10%

Binance Launchpool Unveils Neo-based DeFi Protocol Flamingo, Neo Price Surges 10%

Binance Launchpool, the new DeFi initiative by crypto exchange Binance, announced its third project named Flaming (FLM). The announcement states that staring September 27, Binance Launchpool will allow users to farm (earn) FLM tokens. Flaming is an interoperable, full-stack decentralized finance protocol built atop the Neo blockchain network. FLM is the governance token for Flamingo The post Binance Launchpool...

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DeFi Protocols’ Angels Back Dune Analytics in $2 Million Seed Funding Round

DeFi Protocols’ Angels Back Dune Analytics in $2 Million Seed Funding Round

Dune Analytics, the Ethereum data website which lets the community view and creates charts illustrating activity on the Ethereum blockchain, today announced raising a $2 million seed round, led by cross-border crypto venture fund Dragonfly Capital among other, in a bid to ramp up the platform’s team and product. It was originally run by two The post DeFi Protocols’...

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Is PancakeSwap The Next Big DeFi Food Farm?

Is PancakeSwap The Next Big DeFi Food Farm?

Another day brings another DeFi food farm and the latest is called PancakeSwap, but is it any different to the clones we’ve seen already? The latest DeFi food farming platform was announced on September 20, but it is gaining traction today following a big plug by Binance, the world’s largest crypto exchange.  Following the same The post Is PancakeSwap...

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Synthetix Technical Analysis: SNX Flips Resistance Into Support, aiming for $5

Synthetix Technical Analysis: SNX Flips Resistance Into Support, aiming for $5

Synthetix price bounces off support at $3.40 in readiness for a breakout to $5.00. SNX/USD is drawing closer to the resistance at the 50EMA, likely to delay the bullish scenario. Synthetix Network Token price fell in tandem with other decentralized finance (DeFi) tokens. The lending, borrowing, and liquidity ecosystem has been dealt a heavy blow The post Synthetix Technical...

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Bitcoin Price Prediction: BTC Upward Momentum Stalls Under $10,600 But Bulls Eye $11,000

Bitcoin Price Prediction: BTC Upward Momentum Stalls Under $10,600 But Bulls Eye $11,000

Bitcoin bounces off support at $10,100 but hits a barrier at $10,600, delaying the uptrend. The number of new addresses joining the network is rising amid speculation that Bitcoin will soon hit $11,000. The flagship cryptocurrency suffered yet another blow, which forced it to revisit support at $10,100. The declines came after BTC was rejected The post Bitcoin Price...

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Non-Fungible Tokens (NFTs) Gain Massive Traction, Here Are the Top 5 Performers

Non-Fungible Tokens (NFTs) Gain Massive Traction, Here Are the Top 5 Performers

While the crypto world is bullish about the latest craze in DeFi, there’s another sector that’s quickly gaining traction. We are talking about the Non-Fungible Token (NFT) industry that has registered nearly $3.5 million in volumes over the last month. Chances are you might have not heard about NFTs before, or you have a brief The post Non-Fungible Tokens...

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