Yesterday saw the launch of an easy “shorting” provision for users of the DeFi app, shooting the prices of its token by 11%. You can now short on Synthetix Decentralized finance app Synthetix (SNX) saw the deployment of the “Bellatrix” update yesterday, as per a release. The update opens up newer on-chain capabilities for users….
The metal gained over 11% in the past day, setting an eight-year high price. Meanwhile, synthetic crypto assets platform Synthetix launched the sXAG token, an ERC-20 issuance that tracks the prices of the shiny metal. Internet traders fuel silver rally Who said people on social media couldn’t influence markets? The latest price surges in a…
While the past week has been somewhat tumultuous, to put it mildly, for both crypto and stock markets, it looks like digital tokens related to decentralized exchanges (DEXs) are actually having a great time. The sector is in the green across the board as most DEX tokens are up anywhere between 1.3% and 317% over…
Congestion has been a theme for Ethereum over the past few months. Not to say that this is an explicitly bad thing but during times of volatility, it can cost over $50 to trade on Uniswap, and even more to complete more complex (and often pertinent) Ethereum transactions. This comes in spite of the fact…
“Altcoin season” may have begun as coins aside from Bitcoin and Ethereum take center stage, outperforming strongly against BTC and the U.S. dollar. Nearly every cryptocurrency in the top 100 by market capitalization is up in the past 24 hours, save for Tron (TRX), NEXO, stablecoins, and Siacoin (SC). Ethereum has also started to outpace…
DeFi was the hottest topic of the year in the 2020 crypto realm. It has ruffled feathers and disrupted the financial world as blockchain technology transcends simple value transfer to include other financial services. DeFi is a game-changer, innovation at the forefront, a promise, the next step to a global financial ecosystem where anyone, anywhere,…
For most of the past 48 hours, the crypto market was blood red. Bitcoin had dipped from $24,300, its weekend highs, to $21,800 at the local lows, as Ethereum slipped under $600 for the first time in many weeks. This move resulted in a strong move lower in many smaller-cap altcoins, which fell against the…
If you’ve been following Ethereum Twitter over the past few days, you’ve likely seen the term “blue chip” mentioned time and time again in reference to certain DeFi projects. In traditional finance, a blue-chip company is one that is seen as reputable and steady, with the ability to perform well in any market conditions. The…