Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze

Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band SqueezeCryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340 billion. Digital currency markets are doing well on October […]

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Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M

Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300MYearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and […]

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Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B

Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B,The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however, the rise northbound has […]

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Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward

Defi Boom: Bubble Fears Grow as 'Toxic' Community Disagrees on Way ForwardThe decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator Sasha Ivanov kicked things after depicting current defi ecosystem as Ponzi […]

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Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’

Sushiswap's 2 Million Token Airdrop: Founders Face Accusations of 'Making Defi a Joke Again'Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that started with the reported ‘exit scam’ […]

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Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume

Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade VolumeThe decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes this past weekend. News.Bitcoin.com recently reported on the decentralized finance (defi) economy’s total value locked […]

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