How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Go to Source Powered by WPeMatico
defi
Auto Added by WPeMatico
Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M
While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain … Read more
Nonfungible airdrops: Could NFA become the next big acronym in the crypto space?
Airdrops are a great marketing tool, but they can have downsides for crypto projects and investors alike. Is there a way around this? Go to Source Powered by WPeMatico
DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI. Go to Source Powered by WPeMatico
Cryptocurrency, How to Invest in It?
Imagine buying Bitcoin and Ethereum in 2017 when the prices were around $1000 and $10, respectively. That’d mean over 68x and 400x Profits when the prices topped $68,000 and $4,000 levels last year, 2021. How to Invest in Cryptocurrency? Cryptocurrency is undoubtedly the fastest growing asset class in the past decade, and many have already … Read more
This is what’s standing in the way of DeFi’s ‘NFTification’
NFTs and DeFi have taken the world by storm in recent years, but both industries have downsides. Bringing them together could be a force for good. Go to Source Powered by WPeMatico
Is Cryptocurrency The Future?
The cryptocurrency industry is a developing ecosystem gradually gaining ground in the established financial institutions of developed countries. Both public and commercial sectors are becoming increasingly open to incorporating cryptocurrencies into their financial transactions, such as payment processing, value storage, and investment. Many believe that decentralized finance, or DeFi, could eventually replace some traditional financial … Read more
Avalanche (AVAX) price drops 45% in a month and data points to further downside
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down. Go to Source Powered by WPeMatico
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the … Read more
The 2 Most Common Airdrop Phishing Attacks and How Web3 Wallet Owners Can Stay Protected
In the world of cryptocurrencies, decentralized finance (defi), and Web3, airdrops have become commonplace in the industry. However, while airdrops sound like free money, there’s been a growing trend of airdrop phishing scams that steal people’s money when they attempt to get the so-called ‘free’ crypto assets. The following is a look at two different … Read more