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 supply of 29,962 making it very responsive to demand. YFI is the sole governance...
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 majority of the price feeds that govern lending and borrowing on the DeFi platforms. ...
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 participants stand the chance to earn 25% APY on their BNB. The BNB staked...
Quick take: After breaking the $12k ceiling, Bitcoin has fallen to as low as $11,600. Traders had expected Bitcoin to maintain the $12k support zone. Bitcoin losing the $12k could be a sign of manipulation. The move down to $11,600 has shaken bulls and more losses could follow. On the...
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 move solidifies Binance Chain’s intention to venture into DeFi. A few hours ago, the...
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 one category of investors who are comfortable with parting with high Ethereum fees. The...
Quick take: ChainLink (LINK) has taken a nosedive in the crypto-markets. $15 seems to be providing some level of support. Another area of a possible bounce by LINK could be at the 50-day Moving average. Dave Portnoy becoming a LINK marine might have been the first indication of a top...
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, gaining by 62.5%. However, its value has dropped by 12% a few hours before...
In brief: According to John Bollinger, Bitcoin’s current rally is a picture-perfect advance. BTC has broken the $12k ceiling and managed to turn it into a support zone. $13,000 could be in sight if Bitcoin’s momentum is maintained. The inventor of the popular charting tool/indicator of Bollinger Bands, John Bollinger,...
Quick summary: ChainLink’s continual climb has excited LINK investors and left many analysts warning of a potential top. LINK seems to recover wildly with every sign of a correction. FOMO has kicked in and complicated the process of predicting a top for ChainLink. Bollinger bands on all macro charts hint...
In summary: Crypto Analyst Timothy Peterson has stated that Bitcoin’s odds at reaching $17k by the end of the year stand at 30%. $17,200 was Bitcoin’s peak value in 2018. If Bitcoin hits $17k, it would fulfill another price prediction by Bitcoin analyst MagicPoopCannon. In the month of August, Bitcoin...
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 as earn trading fees and mining rewards. JustSwap will revolutionize DeFi on the Tron...
