Discover the Latest DeFi Crypto News

ChainLink (LINK) Launches Hackathon with $40k in Prizes

John P. Njui·August 25, 2020

ChainLink (LINK) Launches Hackathon with $40k in Prizes 16

In summary: The team at ChainLink has launched a virtual hackathon. It will happen between September 7th and the 27th this year. Developers are invited to build smart contract applications in DeFi, NFT, Gaming and more...

Yam Finance (YAM) Successfully Migrates to YAMv2

John P. Njui·August 23, 2020

Yam Finance (YAM) Successfully Migrates to YAMv2 17

In summary: Yam Finance successfully migrated to YAMv2 on August 22nd at 4:20 pm UTC. The move comes after a bug was discovered in the first iteration of the DeFi platform. The discovery of a rebasing...

Uniswap Edges out Tether (USDT) in ETH Gas Consumption

John P. Njui·August 23, 2020

Uniswap Edges out Tether (USDT) in ETH Gas Consumption 18

In brief: Uniswap has edged out Tether (USDT) in terms of ETH gas consumption. In the last 30 days, traders on Uniswap V2 have paid $6.99M in ETH fees. The popularity of DeFi is one reason...

ChainLink Rebounds After Dave Portnoy Reveals He Sold His LINK Bag

John P. Njui·August 22, 2020

ChainLink Rebounds After Dave Portnoy Reveals He Sold His LINK Bag 20

In summary: Friday, August 21st, saw LINK trade as low as $12.85 – Binance rate. This was a 36% drop from its all-time high value of $20.30. On the same day, Barstool Sports’ Dave Portnoy revealed...

Tron’s JustSwap Hits New Milestone of Over $20M in Total Trade Volume

John P. Njui·August 22, 2020

Tron's JustSwap Hits New Milestone of Over $20M in Total Trade Volume 22

In summary: Tron’s JustSwap was launched on the 18th of August. The majority of JustSwap’s trade volume was in the first 24hrs by handling 33,169 transactions. However, the JustSwap team discovered fake tokens on the platform...

Yearn Finance (YFI) Continues to Outshine Bitcoin, Hits ATH of $16,700

John P. Njui·August 21, 2020

Yearn Finance (YFI) Continues to Outshine Bitcoin, Hits ATH of $16,700 23

In summary: Yearn Finance (YFI) has eclipsed Bitcoin’s value and posted a new all-time high of $16,700. The popularity of DeFi is one reason YFI is gaining in the market. YFI has a very low circulating...

There is no DeFi Without ChainLink (LINK) – Weiss

John P. Njui·August 21, 2020

There is no DeFi Without ChainLink (LINK) - Weiss 25

In summary: The team at Weiss Ratings has concluded that ChainLink is an integral part of the DeFi revolution. Decentralized Finance is one way of bringing digital assets to the mainstream. ChainLink’s oracle network powers a...

Binance Launches BNB DeFi Staking with Up to 25% APR

John P. Njui·August 20, 2020

Binance Launches BNB DeFi Staking with Up to 25% APR 26

In brief: Binance has launched the long-awaited staking of BNB on the trading platform. The DeFi staking of BNB will commence today, August 20th, at 1 pm (UTC). 7-day and 30-day products will be available and...

Binance Smart Chain Integrates Band (BAND) Protocol’s Oracle Network

John P. Njui·August 19, 2020

Binance Smart Chain Integrates Band (BAND) Protocol's Oracle Network 27

In summary: The team at Binance has announced a partnership with the Band (BAND) Protocol. Binance Smart Chain has integrated BandChain’s decentralized Oracle Network. The oracle network connects real-world data and APIs to smart contracts. This...

High ETH Fees is Turning DeFi into a Game for Whales – Coinmetrics

John P. Njui·August 19, 2020

High ETH Fees is Turning DeFi into a Game for Whales - Coinmetrics 28

Quick take: The DeFi boom has led to high ETH fees on the Ethereum network. The team at CoinMetrics has concluded retail users are being locked out of DeFi by these high ETH fees. Whales are...

History Repeats itself as Tron (TRX) Dips Before JustSwap Launch

John P. Njui·August 18, 2020

History Repeats itself as Tron (TRX) Dips Before JustSwap Launch 29

In brief: Tron’s JustSwap will be launched today at 22:00 UTC + 8. Justin Sun will be hosting a Livestream event to introduce JustSwap. Tron (TRX) has had an impressive rally from the 13th of August,...

TRON’s JustSwap Will Revolutionize DeFi on the TRX Network

John P. Njui·August 16, 2020

TRON's JustSwap Will Revolutionize DeFi on the TRX Network 30

Quick take: The Tron foundation will be launching JustSwap on the 18th of August. JustSwap will be the first decentralized token exchange protocol on Tron (TRX). It will allow users to exchange TRC20 tokens as well...

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Three Arrows Capital Allegedly Owns Crypto Punks, Bored Apes, and other NFTs Worth Roughly $7.36M

Celsius Network Reportedly Lays Off 25% of its Workforce

Coca-Cola to Release a Pride Series NFT Collection on Polygon (MATIC)

Bitcoin Miners Continue Selling to Cover Expenses as Core Scientific Sold 7.2k BTC in June for $167M

Binance Steps Up Verifications for Users Potentially Affected by Data Breach Targeting 1B Chinese Citizens

KuCoin CEO Debunks Rumor that the Exchange Has Only 300 Bitcoin, States On-Chain Tools Can’t Track Unlabeled Exchange Wallets

U.K. Authorities Invite Public Opinion On DeFi Taxation and Regulations

In a First-of-Its-Kind Move, DeFi Protocol Maker Is Bringing a Traditional Bank Into Its Ecosystem