New ‘Pepe the Frog’ Crypto Token Becomes Sixth Largest Meme Coin by Market Cap

A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called Pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million. […]

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Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on Uniswap

Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on UniswapIn its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token “with low fees and fast confirmation times.” In a statement posted on the firm’s blog, UTU, […]

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xSigma DEX Launch: More Than $100M in Liquidity Pooled on First Day

xSigma DEX Launch: More Than $100M in Liquidity Pooled on First DayPRESS RELEASE. xSigma, a decentralized exchange for stablecoin swaps, has successfully launched on the Ethereum network on February 24, 2021. The integrated DEX and liquidity mining platform xSigma, which is backed by a NASDAQ-listed company, has seen great interest in its stablecoin liquidity pools which enable assets to be swapped seamlessly and with minimal slippage. […]

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Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In […]

The post Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197% appeared first on Bitcoin News.

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Defi Trader Pockets $250k From Bug Exploit, Hints at Possible Exit Scam by $SYFI Devs

An anonymous Defi trader says he gained almost $250 000 after inadvertently exploiting a rebase bug embedded in the $SYFI Defi token. The trader, who insists he had no prior knowledge about the bug, got this reward after staking an initial investment of 0.5 ETH or about $175 at current prices. In a long Twitter […]

The post Defi Trader Pockets $250k From Bug Exploit, Hints at Possible Exit Scam by $SYFI Devs appeared first on Bitcoin News.

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Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain

Yield Farming Pool Concept May Solidify Ethereum's Role as BTC's Main SidechainDecentralized finance (defi) applications on the Ethereum chain have been growing wildly during the last two years. Now a number of synthetic versions of bitcoin, that leverage the Ethereum chain, has outpaced offchain solutions like Blockstream’s Liquid and the Lightning Network. Just recently, the platform Synthetix revealed a partnership with Bitgo and the Ren Project […]

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