Chainlink and Aave, two major DeFi-related cryptocurrencies, are surging strongly in tandem with Bitcoin. Aave surpassed $200 for the first time in history, solidifying its position as the fourth-largest DeFi token behind Uniswap (UNI). Chainlink keeps its position as the biggest DeFi token by market capitalization, valued at around $9 billion. Why are Chainlink and…
Decentralized Autonomous Organizations (DAOs) can present a new paradigm for various old-world ideologies (except for ones that involve iced teas). Popular examples include the managing and rejigging of supply chain models, borderless identity processing, management of credit and lending, and even collateralizing principal amounts and debts for additional usage. But a new project is going…
What’s beautiful and kind of scary about DeFi is that everything is on-chain: if you know someone’s address, you can track their investments and their other interactions with the Ethereum ecosystem. Due to the fact that you can time announcements of investments with transactions, it becomes somewhat trivial sometimes to connect addresses and funds and…
Months ago, a Twitter account called “Zeus Capital” was registered, along with a respective web page. Zeus Capital claimed to be a cryptocurrency hedge fund with knowledge that could send the price of Chainlink (LINK) to $0.07. At the time the fund began slinging accusations of fraud, LINK traded for $4-5. Zeus Capital expected a…
Bitcoin has finally begun to correct after a 25 percent rally in the span of two weeks. Altcoins are responding in kind, plunging against the U.S. dollar and against Bitcoin. One of the worst-performing digital assets of the past 24 hours is Chainlink (LINK). The leading altcoin, currently the fifth-largest crypto-asset by market capitalization, is…