Altcoin Cryptocurrency News

Bitcoin Analyst Shares 4 Reasons Why the Altcoin “Party” Will End Soon

It’s been an explosive week for the altcoin market, but not for Bitcoin. As Bitcoinist has extensively covered over recent days, a number of altcoins have surged higher. This list includes Dogecoin (DOGE), Chainlink (LINK), Synthetix (SNX), Cardano (ADA), and VeChain (VET). BTC vs. altcoins Tron, Ethereum, Cardano, and Crypto.com since the start of 2020. Read more…

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Cryptocurrency News Ethereum

China: $15 million Ethereum scam ends in Ferrari showdown

A scam involving fake crypto exchange tokens, fast sports-cars, and mansions had all the ingredients of a Hollywood thriller—minus the bad guys going scot-free in the end. This week, authorities in China busted a local scheme perpetuated by college kids looking to make a quick buck; with the latter ending up making millions in the Read more…

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Bitcoin Cryptocurrency News

How Bitcoin Outperformed Both the S&P 500 and Nasdaq in First Half 2020

Despite major setbacks from the Black Thursday market collapse, the cryptocurrency market and Bitcoin had a strong H1 close. The leading crypto asset by market cap also beat the best performing stock market index by nearly double. Will the strength continue into the second half of the year? Recounting The Rollercoaster Ride That Was The 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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Cryptocurrency News

China: Chainlink-adoptee national blockchain project goes live; 135 public nodes running

The Zhejiang district in China has laid the foundation for the Blockchain Service Network, (BSN) the country’s ambitious nationwide blockchain project, as per local reports this week. For starters; 135 public nodes are reportedly active in the province — affirming to China’s broader Five-Year-Plan that heavily features blockchain technology. Chainlink oracles form a major part Read more…

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Cryptocurrency News DeFi Ethereum

Ethereum DeFi: Aave Google Searches Explode, But Not For Why You Think

The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime. With this in mind, it perhaps shouldn’t be a Read more…

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Cryptocurrency News

Ethereum “Builds the Bases” for a Parabolic Move; Here’s What Could Stop It

Ethereum has incurred a sharp upswing over the past day, significantly outperforming Bitcoin and most of its peers The token’s ongoing upswing came about after buyers defended against a dip below its crucial support at $220 yesterday This movement has allowed ETH to recapture its position within its multi-month trading range Analysts are noting that Read more…

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Bitcoin Cryptocurrency News DeFi Ethereum

$1.77 Billion TVL: DeFi Markets Hit All-Time High With as Yield Farming Flourishes

Decentralized finance markets have reached their highest ever levels in terms of the total amount of crypto collateral locked in smart contracts across the nascent ecosystem. DeFi: The Quickest Growing Sector in Crypto The recent liquidity farming craze has catalyzed DeFi markets so much that they have now become the quickest growing sector in the Read more…

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Altcoin Crypto Analysis Cryptocurrency News

These three factors could determine the mid-term fate of Cardano (ADA)

Cardano (ADA) has been one of the hottest cryptocurrencies throughout 2020, posting gains that have only been rivaled by Tezos and Chainlink. Increased usage rates and notable development progression has helped drive this uptrend, allowing the cryptocurrency to climb over 270 percent from its March lows. There are a few critical factors that could influence Read more…