Tag: Altcoins

Filecoin Offering: Community Alleges Token Dumping, Tron’s Justin Sun Wants the US SEC to Investigate

Filecoin Offering: Community Alleges Token Dumping, Tron’s Justin Sun Wants the US SEC to Investigate

The recent Filecoin (FIL) token offering is creating controversy as some crypto community members are alleging that an unknown account has received 1.5 million tokens when only 500,000 were due for unlocking. According to reports, 800,000 tokens out of the 1.5 million of such tokens have been transferred to Huobi and other exchanges. Filecoin Denial […]

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12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ?  

12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ?  

The ongoing hype about the abnormally high returns from Defi tokens has naturally seen many more investors moving funds to decentralized protocols. As of October 10, total value locked in Defi protocols was nearly $11 billion. However, despite this apparent endorsement of Defi, rug pulling incidents and outright scams now seem to be blighting this […]

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Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI

Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI

Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch.According to a recent blog post published on Medium, a group of defi community members plan […]

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Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral

Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral

There’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors. The project called Boringdao, a decentralized bridge between Ethereum and alternative blockchains, plans to launch the company’s bBTC tunnel this month in order to introduce another tokenized bitcoin.On October 8, 2020, the Boringdao project […]

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Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting

Defi Market Cap Drops 25.1% in One Day: Proponents Say Tokens Self Correcting

The latest data from Santiment shows that the collective market capitalization of all defi-related assets dropped by 25.1% on October 7, while daily trading volumes went down 30.2%. The data also shows popular defi tokens like Sushi took heavy knocks after dropping by 50.9% during the week. Also making the list of heavy droppers is […]

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SEC Commissioner Peirce Weighs in Defi Token Regulation Debate: Panel Predicts Defi Will Self Correct in Twelve Months

SEC Commissioner Peirce Weighs in Defi Token Regulation Debate: Panel Predicts Defi Will Self Correct in Twelve Months

The U.S. Securities and Exchange Commissioner, Hester Peirce says while defi tokens carry some equity-like benefits, she believes that giving something away is distinct from selling something. As a result of this lack of clarity, Peirce says questions about the regulatory structure and how these tokens could affect corporate governance will continue to linger.Speaking at […]

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Bitfinex Brings Liquidity to EOS Community with New Eosfinex Mainnet

Bitfinex Brings Liquidity to EOS Community with New Eosfinex Mainnet

Based on a press release shared with SuperCryptoNews, Bitfinex has beta launched digital assets trading platform eosfinex, which is executed on EOSIO technology and the EOS mainnet. With eosfinex, Bitfinex promises to bring liquidity on its main trading platform to EOS holders and community, which has long been troubled by the challenge of illiquidity. “The […]

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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 $300M

Yearn 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 the […]

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Red October! Altcoins Plunge in Tandem with Stocks as Trump’s Tweet Ends Stimulus Talks

Red October! Altcoins Plunge in Tandem with Stocks as Trump’s Tweet Ends Stimulus Talks

The cryptocurrency market still remains highly correlated with the US stock markets. Bitcoin and Altcoins took a nosedive in tandem with major stock indices after Trump’s tweet ended the negotiation on more COVID-19 fiscal support measures. While the effect on Bitcoin is rather minor, Altcoins have taken another devastating blow. The SCN30 Index immediately tanked […]

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