DeFi

3 reasons why Theta price hit a new all-time high at $3.49

The sustained bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world use cases.  This week investors turned their attention to Theta (THETA), a decentralized network that allows users to share bandwidth and computing resources …

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Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG

The Synthetix DAO has added some new, perhaps surprising voices to its governance.  Today the synthetic asset protocol announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds purchased SNX tokens directly from the DAO treasury, and will be “providing liquidity, engaging in the Synthetix governance process …

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Earn Yield Farming Rewards with DeFi Yield Protocol (DYP)

<div class=”featured_image_container”> </div> PRESS RELEASE. <span>DeFi Yield Protocol (DYP) is a decentralized yield farming platform that allows liquidity providers to earn rewards in Ethereum and its native token DYP. It offers a solution to the risk involved in Yield Farming by offering different options for investors to earn while maintaining full decentralization of its platform. …

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Bitcoin bulls eye $50K as data show BTC’s liquid supply in steady decline

On Feb. 12 Bitcoin (BTC) price hit a new all-time high at $48,985 before pulling back to the $46,000 level.  A quick glance at the 4-hour chart shows the top-ranked cryptocurrency trading in what appears to be a brief phase of consolidation but BTC is still maintaining its bullish momentum through a pattern of higher …

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Spike in DeFi lending pushes Compound (COMP) price to a new high at $570

As Bitcoin and numerous altcoins surge toward new all-time highs, traders who are coin rich but cash poor are increasingly flocking to decentralized finance lending platforms where they can collatoralize their holdings to raise funds for new investments.  Compound is one of the leading DeFi lending platforms and over the past month its TVL and …

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Market Wrap: Ether Sets New Highs as Bitcoin Stays Below $49K

The price of bitcoin struggled to regain $49,000 Friday, continuing to bounce between $48,000 and $46,000 heading into the weekend. As bitcoin contemplated which way to go, ether made a new all-time high above $1,850.  Much of bitcoin’s choppy price action could be attributed to futures deleveraging as eager bulls piled into long trades expecting …

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DeFi aggregator 1inch stages new ‘vampire airdrop’ to Uniswap users

The 1inch.exchange protocol, a platform that aggregates decentralized exchanges and provides its own automated market maker, is airdropping a new stash of its 1INCH tokens. The airdrop follows the initial generation of the new tokens on Christmas, which were distributed to past users of the aggregator. A common point of contention for the initial airdrop …

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Web-based YIELD App looks to tackle DeFi’s ‘inherent complexity’

Retail trading platform YIELD App has launched a beta version of its web platform, giving retail traders direct access to the fast-moving DeFi market.  The new platform, which is designed to simply DeFi access for the masses, registered 2,000 early users and collected $3 million during its private beta phase. Its investors include BnkToTheFuture, Alphabit …

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Anonymous DeFi Project Core Announces New Token Project

<div class=”featured_image_container”> </div> <strong>Core, an anonymous and hyped DeFi project, has announced Delta, a new product and token. Core says this will “close the gap” between options trading and spot markets by “using a combination of liquidity standards to deploy an on-chain options layer with scalability in mind.”</strong> Anonymous Developers Behind Delta Project Will Work …

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NFTs take center stage at ETH Denver 2021

At ETH Denver’s virtual conference, non-fungible tokens have been in the limelight with seven mainstage presentations devoted to utility, adoption, and novel use cases — a sign of growing acceptance for what was once considered a niche or lesser application of blockchain tech. While the seven presentations have been dwarfed by decentralized finance’s 14 (not …

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