Ethereum network use and transaction fees are rising to record highs, will this interfere with DeFi’s current expansion? The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high. As shown on the chart below, the number of transactions doubled in the past six…
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The growth of decentralized exchanges in 2020 has been phenomenal, but there is a hard ceiling with current technology. Decentralized exchanges, also known as DEXs, have risen significantly in popularity since the start of 2020, with both their user bases and volumes growing at an accelerating pace. The sector is currently being driven by so-called…
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Indian crypto exchange WazirX plans to attract current users and institutional investors with its market maker protocol. One of the leading cryptocurrency exchanges in India, WazirX, today said they are gearing up to develop and launch their first decentralized finance product in partnership with the Matic network. In an announcement shared with Cointelegraph, the company…
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Bitcoin and cryptocurrencies as a whole remain bullish as $12,000 comes into view once more as the markets head into the weekend. Bitcoin yet to clear $12,000 hurdle Ethereum Gas prices skyrocket Small-cap cryptos shine Watch the Bitcoin and gold correlation This week, the Bitcoin and cryptocurrency market roared into Monday like a lion only…
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New muscle from law enforcement investigating crypto suggests that government innovation may be slow but the government gets what it wants. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note DeFi has stolen the show lately. Spectacular rises and falls of unaudited tokens…
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Paying more than $8,000 in fees, an unknown developer has prematurely deployed Curve’s tokens and contracts resulting in an unexpected launch. Decentralized finance (DeFi) project Curve has been forced to launch its DAO and governance token CRV prematurely after an anonymous developer deployed the contracts without the knowledge of the official team. The developer tweeted…
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Ethereum’s oldest user-friendly wallet is staking territory in DeFi. MyEtherWallet is expanding its integrations with decentralized finance through its dedicated wallet communication tool, MEWconnect. On Thursday, the project announced an integration with Aave and Ren, which marks the first time that third parties are using the MEWconnect technology. MEWconnect is a wallet linking system developed…
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Catastrophe has been narrowly averted by YAM Finance after the DeFi community rallied in support of a campaign to recapture governance over the protocol. After a tense day, the most talked about new decentralized finance (DeFi) protocol YAM Finance has overcome a near-catastrophic code error. The future of Yam Finance was abruptly thrown into question…
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A Yam Finance code flaw saw the project ask investors to pledge to save the platform. Not enough have. The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project. With less than five hours to go, Yam is…
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Ethereum’s hashrate recently surged to a 20-month high but will ETH price follow? New data from glassnode and Etherscan show Ethereum’s hashrate has risen to a 20-month high and this has led some optimistic traders to suggest Ether price will continue to rise to new highs in 2020. The explosive increase in Ethereum’s hashrate appears…
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