Bitcoin Cryptocurrency News DeFi

Defi Explosion: Chainlink (LINK) Records 80% Weekly ROI As Bitcoin Dominance Below 60%

Bitcoin has recouped from yesterday’s dip to below $11,200, but most altcoins are significantly outperforming the primary cryptocurrency. Several impressive price increases, including new all-time highs for Chainlink and Tezos, have reduced Bitcoin’s dominance to below 60%. Altcoin Wild-Ride Continues With LINK and XTZ At ATH As CryptoPotato reported yesterday, 24 hours ago, the entire Read more…

Cryptocurrency News

Why PayPal’s Upcoming Crypto Service is a Big Deal

Recently, rumors that PayPal is looking to begin offering cryptocurrency direct-sales began making headlines after insiders from the company, in addition to recent job postings looking for blockchain experts highlighted its renewed interest in cryptocurrencies. If confirmed, PayPal’s entry into the crypto space may result in a significant boon for the industry, by providing an Read more…

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Cryptocurrency News DeFi

Founder of Compound votes against using wrapped Bitcoin as collateral, deems WBTC “risky”

Robert Leshner, the founder of Compound, has voted against the latest proposal to increase the WBTC collateral factor on the platform from 0 to 65 percent. Leshner defended his decision by saying collateral in WBTC was currently too risky due to low liquidity and a high possibility of a technical flaw that could wipe out Read more…

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Bitcoin Cryptocurrency News

The PayPal Bitcoin News Isn’t Entirely Bullish: Kraken CEO Explains

On Monday, the Bitcoin and crypto space saw one of the most positive news events in months. Citing three sources, CoinDesk reported that multi-billion-dollar payment giant PayPal is looking into rolling out cryptocurrency trades. A “well-placed industry source” said to the outlet: “My understanding is that they are going to allow buys and sells of Read more…

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Cryptocurrency News DeFi

DeFi Adoption: Compound (COMP) Sees 100% Surge Amid Coinbase Pro Listing Announcement

The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase. Compound TVL Crosses $400M TVL Milestone With the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project Read more…

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Bitcoin Cryptocurrency News Ethereum

It’s “Extremely Unlikely” Ethereum Passes Its 2017 High Against Bitcoin: Here’s Why

From a price perspective, Ethereum’s golden age has long passed. In 2017, the second-largest cryptocurrency saw a parabolic bull run that eclipsed that of most other top cryptocurrencies, Bitcoin included. There was a point in 2017 when one ETH was worth approximately 0.17 BTC (on Coinbase). Ethereum rallied so far and so fast that for Read more…

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Bitcoin Cryptocurrency News

JPMorgan Chase Is Now Positive On Bitcoin: The March 2020 Crash Proved Its Resilience

One of Wall Street’s largest banks, JPMorgan Chase, has outlined in a recent analysis that Bitcoin’s 2020 performance demonstrates the asset’s growth and maturation. The paper also notes the compelling correlation the primary cryptocurrency is exhibiting with global equities. JPMorgan: Bitcoin Matures The JPMorgan Chase analysis cited by Bloomberg examined the performance of Bitcoin and Read more…

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Bitcoin Cryptocurrency News

No, Crypto Investors Are Not Fleeing Coinbase In Droves

Over the last several weeks, popular crypto exchange Coinbase has been surrounded with negativity, prompting another round of the #DeleteCoinbase campaign. And while initial blockchain data made it seem as though the social media hashtag had been having an impact, a deeper dive suggests that cryptocurrency users aren’t exiting Coinbase in droves as first suspected. Read more…

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Cryptocurrency News Ethereum

We Are Near a “Plateau” for Ethereum DeFi Due to Latency Issues: Top Investor

Decentralized finance has rapidly become Ethereum’s “killer use case,” many analysts have recently said. DeFi, as the sub-sector is now known as, contains nearly $1 billion worth of locked value, along with some of the industry’s most prominent investors and innovators. One Coinbase product manager, Jacob Horne, said on DeFi late last year: “DeFi, or Read more…