Top Ethereum whales are HODLing at an “impressive rate,” data finds

Top Ethereum whales are increasingly moving their funds off exchanges, on-chain data show. It demonstrates the confidence of high-net-worth investors in the medium-term trend of ETH. In the past two months, tokens on exchanges dropped by 20.5%, as exchange outflows substantially increased. Since investors typically deposit cryptocurrencies to exchanges to sell, the trend indicates a […]

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Rampant DeFi speculation makes DEXs the undisputed winners of Q3 2020

While it might seem that DeFi reached its bottom during Q3 2020, the sector still closed the last quarter with incredible performance. However, few of its aspects did as well as decentralized exchanges (DEXs) did, according to the latest report form Messari, which saw a significant increase in on-chain trading due to heightened speculation around […]

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Why Filecoin’s hyped token launch was a multimillion “failure”

Decentralized file-sharing project Filecoin launched last week after years of development and a jawdropping $200 million ICO. But critics and miners are calling it a failed launch. Its fees are turning out a pain point—data shows miner prices to use Filecoin network cost over $40,000 (with hosting and maintenance), in contrast to centralized alternatives like […]

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1,000,000 Ethereum would have been burned in the past year if EIP-1559 was live

Ethereum users have faced extreme transaction fees over recent weeks and months. At one point, there were users paying $10-20 just to send ETH and ERC-20 tokens from address to address as the cost of gas spiked to 1,000 Gwei and beyond temporarily. Many have seen high Ethereum transaction fees as something decisively bad for the […]

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Crypto is still “retail dominated,” Zcash has the highest “sentiment” score, and how FTX gained from Blockfolio acquisition

A new report jointly-published by eToro and The TIE explored the cryptocurrency landscape for Q3 2020, finding out long-term sentiment metrics for popular cryptocurrencies and how mergers and acquisitions proved to be the best indicator for future price rises. The TIE, the report’s data source, is a provider of alternative data for digital assets such […]

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Why investors are optimistic after “painful” DeFi correction despite YFI plunge

The prices of decentralized finance (DeFi) darlings Yearn.finance (YFI) and Uniswap (UNI) plummeted in the past week. Despite the DeFi marketwide correction, investors are positive that the pullback occurred. In the past seven days, YFI and UNI declined by by 8.39% and 5.98% respectively. The stagnant short-term trend of the two assets come after a […]

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BitMEX Bitcoin futures have “completely unwound” as platform exodus continues

Recent news regarding the U.S. Commodities and Futures Trading Commission’s crusade against the three co-founders of BitMEX has had grave implications for Bitcoin and the crypto market. Many investors now fear that this marks the start of a fresh round of regulatory scrutiny on the crypto industry from U.S. regulators, which could have far-reaching implications […]

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New Bitcoin addresses shoot “off the charts” despite price drop

Bitcoin’s price action has been tepid at best over the past few weeks due to a confluence of fundamental trends. These include but are not limited to, BitMEX getting charged by the U.S. CFTC, KuCoin getting hacked for over $200 million, a U.K. financial authority banning crypto derivatives, and President Trump urging Capitol Hill to […]

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Yearn.finance faces capitulatory decline as investors remove the “Cronje premium”

The price of Yearn.finance’s governance token – YFI – has been plummeting as of late, with the sell-side pressure overwhelming the cryptocurrency’s bulls as it shatters multiple key support levels that were previously boosting its outlook. This has struck a blow to the community sentiment that has been so pivotal for incubating its growth, which […]

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An Ethereum scaling solution is near—a DeFi founder thinks it will “melt faces”

While Ethereum has become much less congested than it was just weeks ago, transaction fees are still far from cheap. It may cost $10-20 to complete interactions with decentralized finance protocols such as Compound, MakerDAO, or Synthetix. That’s not enough to break the bank, of course, but it restricts many users from accessing these protocols and […]

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