Ethereum Transaction Fees Drop By 60% After Collapse of Yam Finance

Ethereum Transaction Fees Drop By 60% After Collapse of Yam Finance

Ethereum transaction fees are diving after the latest leg higher in decentralized finance (DeFi) has slowed down to an abrupt halt. Paying to transact on the network still costs an order of magnitude more than it did at the start of 2020, though. This goes to show that solutions are still needed in the long…

Continue Reading
$6.8 Million is Being Spent on Ethereum Fees Each Day as DeFi Craze Continues

$6.8 Million is Being Spent on Ethereum Fees Each Day as DeFi Craze Continues

The DeFi craze is reaching new peaks, with investors now throwing money into just about every Ethereum-based token with unique properties and strong “meme potential.” One such example of this is Yam Finance, which is a protocol launched roughly 48 hours ago that drew in hundreds of millions of dollars before a fatal bug left…

Continue Reading
This Chainlink (LINK) Fractal Suggests a Major Pullback Is Imminent

This Chainlink (LINK) Fractal Suggests a Major Pullback Is Imminent

Chainlink has been caught in the throes of an insane uptrend over the past couple of years. Due to a slew of announcements, integrations, and other pieces of good news regularly surrounding the project, the cryptocurrency has been able to defy the market-wide downtrend seen throughout 2019. This extreme bullishness has carried over into 2020,…

Continue Reading
Justice Department AG Claims US Gov, IRS Has Tools To Track Bitcoin Users

Justice Department AG Claims US Gov, IRS Has Tools To Track Bitcoin Users

The United States has just revealed a seizure of over $2 million in Bitcoin said to be meant for financing terrorist organizations over social media. Coinciding with the case, the Justice Department issued a deterrent to those that seek to use cryptocurrencies as part of criminal operations. The Justice Department assistant attorney general has warned…

Continue Reading
Numeraire Jumps 190% on Coinbase Listing News; What’s Next?

Numeraire Jumps 190% on Coinbase Listing News; What’s Next?

Numeraire (NMR), the native token of Numerai – a blockchain-based hedge fund, rose exponentially over the last 24 hours. The NMRUSD exchange rate established a year-to-date high at $20.28 after rallying by close to 190 percent on Wednesday. The pair’s massive upside move came days after the announcement of Coinbase Pro–a US-regulated crypto firm– to…

Continue Reading
Ethereum Classic Not Keen on Hoskinson’s Treasury Proposal

Ethereum Classic Not Keen on Hoskinson’s Treasury Proposal

Ethereum Classic Labs are exploring ways to protect the network and move forward following the 51% attack two weeks ago. Initial discussion on what to do are taking place today. Attendees include IOHK CEO Charles Hoskinson, as well as other stakeholders. Source: twitter.com Previously, Hoskinson said Ethereum Classic needs to innovate, to which the implementation…

Continue Reading
Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot

Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot

Chainlink (LINK) rallied over 30% and it traded close to the $17.000 level against the US Dollar. It dethroned bitcoin cash and moved to the 5th spot in terms of the market cap. Chainlink token price is gaining momentum and it broke the $16.500 resistance against the US dollar. The market cap jumped sharply and…

Continue Reading
Ethereum Transaction Fees Are Going Parabolic as DeFi Continues Ascent

Ethereum Transaction Fees Are Going Parabolic as DeFi Continues Ascent

Ethereum transaction fees have continued to surge as decentralized finance (DeFi) has continued its ascent to the crypto mainstream. Fees are getting so high that there are many starting to assert that solutions are necessary, lest Ethereum loses market share to other smart contract blockchains by crowding out a retail audience. Related Reading: “Rich Dad Poor…

Continue Reading