Category: YFIUSD

Yearn.Finance Founder Admits Backfiring of ‘Test In Prod’ Statement; Clarifies Building for Devs

So far, 2020 has been a great year for decentralized finance [DeF[]. This also goes for the several DeFi platforms including Yearn. Finance. But the same cannot be said for it Creator. Yes, we are talking about Andre Cronje who found himself in between a tussle over an incomplete DeFi platform for which the developer not only […]

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Yearn.finance: YFI could dump again if this resistance is not flipped into support

Yearn.finance immediate upside capped by the 50 SMA as bearish pressure intensifies. On-chain analysis suggests that the path with the least hurdles is downwards. Yearn.finance has lost a great deal of its value since it traded an astronomical all-time high of $44,000. The 4-hour chart illustrates the several attempts made to regain the lost ground. […]

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Bitcoin Calms Down at $11,400 Despite Trump’s Stimulus Calls (Market Watch)

Bitcoin Calms Down at $11,400 Despite Trump’s Stimulus Calls (Market Watch)

After spiking to a new monthly high of about $11,700, Bitcoin has retraced slightly in the past 24 hours and sits at $11,400. Most altcoins have followed suit by charting minor losses. Bitcoin Drops To $11,400 As CryptoPotato reported yesterday, Bitcoin was heading upwards and reached a new 5-week high above $11,720. In the following […]

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Sunday’s Market Watch: Is Bitcoin Taking a Break Before $12K?

Sunday’s Market Watch: Is Bitcoin Taking a Break Before $12K?

Following yesterday’s surge to about $11,500, Bitcoin has retraced slightly and trades at about $11,350. Most altcoins have also calmed after charting two consecutive days of gains. Bitcoin Steady Above $11K As reported yesterday, the primary cryptocurrency initiated an impressive leg up. Bitcoin went from about $10,900 to its new monthly high of nearly $11,500 […]

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Bitcoin Touches $10,950 as Crypto Market Cap Gains $12 Billion (Market Watch)

Bitcoin Touches $10,950 as Crypto Market Cap Gains $12 Billion (Market Watch)

Following yesterday’s announcement that Square has purchased $50 million worth of Bitcoin, the asset has reacted with a significant price jump to $10,900. Most altcoins have followed suit and the cryptocurrency market cap has increased by $12 billion. Bitcoin To $10,900 Due To Square? Bitcoin was in a bit of a pickle in the past […]

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Bitcoin Pushed to $10,700 as Larger Altcoins Remain Stable (Thursday Market Watch)

Bitcoin Pushed to $10,700 as Larger Altcoins Remain Stable (Thursday Market Watch)

Bitcoin has charted minor gains in the past 24 hours by following Wall Street once again. Most large-cap altcoins have remained calm with Ethereum hovering around $340 and Ripple trading at $0.245. Bitcoin Steadily Follows US Stocks The primary cryptocurrency headed south yesterday and dipped to $10,525. Although Bitcoin started recovering rather rapidly, it dropped […]

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YFI, LEND, CRV, UNI Prices Plunge, is it The Death of DeFi?

Tokens related to decentralized finance are getting battered again today with many of the top performing ones in recent months losing double digits over the past week. Analysts are starting to call DeFi a bubble. The total value locked across the DeFi sector is in decline as the flocks of farmers withdraw their collateral. The […]

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Bitcoin Price Dips to $10,525 as Stocks Also Tumble (Market Watch)

Bitcoin Price Dips to $10,525 as Stocks Also Tumble (Market Watch)

Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap. Bitcoin Fails At $10,800 As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after […]

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Yearn Finance (YFI) to Revamp Vaults as Liquidity Tumbles 26% in a Month

Yearn Finance (YFI) to Revamp Vaults as Liquidity Tumbles 26% in a Month

Yearn Finance has become the hottest thing in DeFi over the past couple of months when it introduced high yielding liquidity vaults boasting three-figure annual returns. Since then, liquidity has fallen back, and collateral has been shifted to better yielding pools resulting in a slump in earnings. According to Defipulse.com, Yearn liquidity has fallen 26% […]

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