Cryptocurrency News DeFi Ethereum

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and Read more…

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Cryptocurrency News DeFi

The entire DeFi market is worth less than XRP or Bitcoin Cash, despite the frenzy

The DeFi market has exploded in recent times, bringing back ICO-like returns on some projects. But a recent report said that despite the frenzy, the sector remains a fraction of the crypto space and is worth less than XRP or Bitcoin Cash. Even Dogecoin worth more Ryan Watkins, an analyst at Messari, tweeted yesterday that Read more…

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Cryptocurrency News

$4 Billion OneCoin Crypto Ponzi Scheme Promoter in Singapore To Pay $72,000 Fine

A 52-year-old Singaporean man has been found guilty of promoting the infamous OneCoin cryptocurrency Ponzi scheme more than three years ago. Man to Pay $72,000 As Fine According to reports by local media The Straits Times, Fok Fook Seng, a middle-age Singaporean citizen, was convicted for engaging in marketing activities that link to OneCoin between Read more…

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Bitcoin Cryptocurrency News

3 Fundamental Reasons Why Bitcoin Is Bullish After Drop Under $9k

On Saturday, Bitcoin decisively dipped under $9,000, reaching lows not seen in over a week. It was a move that liquidated dozens of millions of dollars worth of longs, shaking bulls from their expectations of upside. Yet many analysts remain fundamentally optimistic, citing a number of trends indicating that Bitcoin still has a bullish undertone. 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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Cryptocurrency News Ethereum

The Miners That Received $2.6 Million Worth of ETH Transaction Fees Will Keep The Money

The mining pool, which processed a mysterious Ethereum transfer carrying a needlessly excessive $2.6 million transaction fee, has announced it will distribute the millions among its miners. Bitfly, which operates the Ethermine mining pool, announced the decision on Monday, stating that four days is long enough for someone to have come to claim it. Miners Read more…

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Cryptocurrency News Ethereum

Another Sketchy Ethereum Transaction: User Pays $500k Fee to Send 3,200 ETH

Yesterday, the Ethereum blockchain saw two suspicious transactions: a single, unmarked address unknown by the crypto public sent two transactions both with a transaction fee of 10,668 ETH during a 16-hour time span. The first transaction, which cost $2.5 million, sent $130 of value. And the second, which also cost $2.5 million, sent $87,000 worth Read more…

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Bitcoin Cryptocurrency News

Bitcoin Hits $9.4k on Halving FOMO, But Morgan Stanley’s Stunning Warning Threatens Rally

Bitcoin closed above $9,4000 on traders’ fear-of-missing-out (FOMO) sentiment over halving. But Morgan Stanley’s risk management head warned that FOMO is “not a good sign.” The veteran recommends investors and traders to make a more defensive portfolio as the extent of the market damage remains unknown. Bitcoin briefly closed above $9,400 in Wednesday’s trade as Read more…