The significant fundamental growth seen by Ethereum over the past couple of months has led to a torrent of calls from investors regarding an imminent rally. The cryptocurrency’s price, however, has remained…
Categorie: CryproSlate
3 fundamental reasons Bitcoin market bias remains bullish after recent drop
The price of Bitcoin (BTC) dropped to as low as $9,110 across major exchanges on July 10. Despite the pullback, key fundamental data points show that market bias remains optimistic. Three fundamental…
Wrapped Bitcoin will now have a 40% collateral factor on Compound
A proposal by Alameda Research last week to increase the collateral for Wrapped Bitcoin (WBTC) to 40 percent was passed today after a governance poll on Compound Labs. After implementation, users can…
Cosmos (ATOM) surges 68% in 10 days: key factors behind its meteoric rally
The price of ATOM, the native cryptocurrency of the Cosmos blockchain network, surged by 68% in merely ten days. Since July 3, the price of ATOM has increased from $2.642 to $4.466…
ETH trades 80% below its $1,400 high, but Ethereum metrics are setting records
From a macro perspective, Ethereum has done well over recent months. Since reaching a low of ~$88 during March’s global liquidity crisis, ETH has sustained a strong rebound of 170 percent, according…
This NBA player just tweeted about Chainlink’s (LINK) “impressive” 150% rally
It’s been an explosive past few months for Chainlink (LINK). Not only has the leading crypto asset seen exponential price performance, but the technology backing the altcoin has seen strong adoption from…
Bitcoin’s correlation with the S&P 500 has an unexpected silver lining
Bitcoin is an uncorrelated asset no longer. Since the start of the pandemic, the crypto market has become closely correlated with the movements of the S&P 500 and other global markets. There…
Cardano (ADA) founder Charles Hoskinson blasts YouTube over crypto scams
Cryptocurrency scams are a recurring aspect of the market. They go back to 2013, were accelerated in 2017, and have been ever-present since. Today, Cardano’s Charles Hoskinson called out YouTube over an…
These charts suggest Bitcoin’s “safe-haven” status is about to see its ultimate test
One integral facet of Bitcoin’s value that investors have long pointed to is its potential status as a “safe haven” asset. The crypto’s March price plunge, however, seemed to put a temporary…
Ethereum dev says ETH 2.0 delayed until 2021, but Vitalik Buterin denies
The much-awaited launch of Ethereum’s ETH 2.0 “Serenity” update might be delayed to 2021, if Ethereum Foundation developers working on the project are to be believed. However, Ethereum co-founder Vitalik Buterin is…
Here’s what triggered the parabolic surges in Cardano, Kyber Network, and Matic
Many cryptocurrencies have gone parabolic over recent weeks. Take the example of Cardano (ADA), which has rallied in excess of 600 percent since the March lows and over 60 percent since the…
Texas authorities crackdown on Bitcoin MLM scheme spanning 170 countries
Texas commissioners cracked down on an alleged Bitcoin scheme spread over 170 countries and 76,000 members. The now-busted entity promised 20 percent profits each month on an upfront Bitcoin payment, working as…
Massive spike in network activity helps drive Chainlink (LINK) price higher
Chainlink’s intense uptrend seen throughout the past several weeks has allowed LINK to set fresh all-time highs once again. The cryptocurrency rallied as high as $6.50 before facing some rejection that sparked…
Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC
Bitcoin’s recent mining rewards halving event was long looked upon as a catalyst for the cryptocurrency to see further strength – from both a fundamental and technical perspective. In the months following…
An ex-Goldman Sachs exec thinks Ethereum is on the verge of outpacing Bitcoin
When looking at altcoins like Cardano, Synthetix, Chainlink, and Dogecoin, market leaders Bitcoin and Ethereum have effectively flatlined. The two foremost cryptocurrencies have traded in a tight range as altcoins have broken…
China: $15 million Ethereum scam ends in Ferrari showdown
A scam involving fake crypto exchange tokens, fast sports-cars, and mansions had all the ingredients of a Hollywood thriller—minus the bad guys going scot-free in the end. This week, authorities in China…
One of DeFi’s hottest cryptos, Synthetix, has formed a “concerning” on-chain” sign
Joining Cardano, Dogecoin, and Chainlink, Synthetix Network Token (SNX) has been one of the top-performing cryptocurrencies over the past few months. It is one of the best-performing decentralized finance altcoins by far….
Santander expands Ripple (XRP) app to serve the U.S. and 18 others
Santander announced Friday it is partnering with blockchain payments protocol Ripple to bolster its presence and cross-border services to several newer regions. The Spanish banking giant is the 16-largest financial institution in…
Here is how to check yield farming returns on Compound
With the current DeFi locked amount crossing over $2 billion, doubling in a month, it’s imperative to discuss yield farming as it pulled the trigger for the explosive movement of DeFi. Yield…
A surprisingly large portion of Ethereum’s user base comes from non-DeFi apps
The Graph evaluated 1 billion queries on the Ethereum blockchain network in June. It discovered that 24 percent of user activity came from non-decentralized finance (DeFi) platforms. A surprisingly high level of…