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UNI Drops More Than 50% & Other DeFi Tokens in the Red

September 24, 2020 DeFi News, Investment News, News Eddy 0

Uniswap’s much-anticipated UNI governance tokens debuted last week at around $1.00 and within the span of less than 48 hours, the price of UNI grew eight-fold to hit an all-time-high of $8.40, according to CoinGecko. It has since dropped more than 50% to hit a low at $3.86 this week, before climbing incrementally to trade […]

Crypto Custody Firm Launches DeFi Smart Contract Safeguards in Custodial Firewall

September 24, 2020 Blockchain Tech, Blockchain Technology, DeFi, DeFi News, News Eddy 0

Crypto custody firm Trustology has rolled out a solution to combat the risk of smart contract security breaches in DeFi protocols. In the fast-paced and rapidly growing DeFi sector, unaudited protocols written by anonymous project owners and developers are aplenty and yield farmers often jump into new projects without fully understanding the risks they present. […]

Gold and Bitcoin – Two Peas in a Pod?

September 24, 2020 Bitcoin, Bitcoin News, gold, Investment News, News Eddy 0

The strengthening US Dollar has revealed both a direct effect and an inverse correlation with assets gold and Bitcoin. The Dollar Index (DXY) rose to 94.37 points, a 2.86% increase from the low of 91.68 points at the beginning of September. In the recent development, the Dollar Index now trends above the daily EMA50 and […]

Binance Launchpool introduces NEO-based Flamingo Protocol (FLM)

September 23, 2020 Binance, NEO, News Eddy 0

NEO-based Flamingo FLM token enters Binance Launchpool. FLM will have a total supply of 150 million tokens. 4.17% will be allocated to Binance’s Launchpool. The race for the favor of the DeFi users continues despite the negative development of the last days. For example, Binance has launched a new project with the FLM token, which […]

VeChain presents VerifyCar at BMW Group’s ‘Digital Innovation Day’

September 23, 2020 News, Vechain, VET Eddy 0

VeChain was invited to participate in BMW Group’s “Digital Innovation Day”. VeChain presented VerifyCar which will work with other applications developed for the automotive industry. According to a local Chinese media report, VeChain participated in the BMW Group’s “Digital Innovation Day”, which recently took place online and covered topics such as robotics, artificial intelligence and […]

TRON (TRX) starts DeFi mining collaboration with Huobi

September 23, 2020 News, Tron, TRX Eddy 0

TRON and Huobi cooperate to enable mining and delegation of HT token on sun.market. Amount of Tether (USDT) in TRON blockchain exceeds $5 billion, reveals Justin Sun. The TRON DeFi sector continues to build partnerships in its attempt to be a competitor for Ethereum’s DeFi. Through his Twitter account, TRON CEO Justin Sun announced that […]

Winklevoss twins call Ethereum DeFi a “revoltion”, while scandal is exposed

September 23, 2020 DeFi, ETH, Ethereum, News Eddy 0

According to the Winklevoss twins, the “DeFi fever” is not comparable to the “ICO craze” of 2017. A supposed pump-and-dump group of well-known DeFi influencers is currently causing a stir and questioning the legitimacy of the sector. Ethereum‘s DeFi space has suffered a severe setback in the last few days. While the crypto market in […]

Bitcoin at a crossroads: CME gap at $9,600 or return of the bulls?

September 23, 2020 Bitcoin, Blockchain, BTC, News Eddy 0

After yesterday’s correction from $10,900 to $10,290, Bitcoin has stabilized along the $10,450 mark. Experts disagree on whether the Bitcoin price will close the CME gap at $9,600 or the bulls will return. Within the last 24 hours Bitcoin has shown a correction from $10,900 to $10,250. At the time of writing, the Bitcoin price […]

Hoskinson: IOHK will establish Cardano as a global financial operating system

September 23, 2020 ADA, Cardano, News Eddy 0

According to Charles Hoskinson, Cardano will serve as a global financial operating system to enable the population to maintain value, identity and governance in a single framework. Smaller to medium-sized countries will have an interest in implementing the blockchain in order to be treated fairly in world trade. In the Slot Leader Podcast, Charles Hoskinson […]

Crypto – The Face of Financial Corruption & Crime, But Is It Really?

September 23, 2020 Crypto Scam, Frauds, News, Regulation, Regulations Eddy 0

Discussions around cryptocurrency have not strayed far from financial crime such as money laundering and financing terrorism, while governments and central financial institutions are constantly painting cryptocurrency as a medium feeding a hive of criminal activity. There is undoubtedly some truth to this, but the crypto community has long been criticizing the biased narrative forced […]

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