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SkyBridge Capital’s Anthony Scaramucci said Wednesday that retail investor-led stock surges for video gaming firm GameStop suggest bitcoin will ultimately be a success.On Tuesday, a volatile trading session largely driven by a campaign by members of the Reddit forum r/WallStreetBets saw GameStop (NYSE: GME) jump 92.7%. Trading of the stock
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The trading volume on decentralized exchanges, or DEXs, reached $42.6 billion during Q3 2020, marking an increase of 1,132% on the previous quarter, according to a recent industry report from TokenInsight.However, October saw figures pull back a little from September highs, as Bitcoin (BTC) prices started to pump, re-capturing traders' attention following
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Data from Dune Analytics shows that in the month of September Uniswap decentralized exchange processed $15.371 billion in volume. In the same period, reports indicate that Coinbase processed $13.6 billion.Monthly decentralized exchange volume. Source: Dune AnalyticsThe significant spike in Uniswap’s volume can be attributed to two major factors. First, the
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Uniswap, the most widely utilized decentralized exchange on Ethereum, has seen explosive growth throughout the second quarter. In fact, less than a month ago, Uniswap’s trading volume surpassed Coinbase Pro as the exchange processed $426 million worth of trades in a 24 hour span.Throughout 2019, the decentralized finance (DeFi) market
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A boom in decentralized finance (DeFi) has turbo-charged returns for Pantera Capital’s bitcoin and mixed cryptocurrency hedge funds this year.From Jan. 1 to Aug. 31, Pantera’s bitcoin (BTC) fund gained 61%, its digital asset fund 168%, its initial coin offering (ICO) fund 323% and its long-term ICO fund 270%, thanks
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The Chicago DeFi Alliance, launched in April, is poised to help members make a killing from the recent decentralized finance (DeFi) craze. So many billions of dollars worth of assets are now cycling through various DeFi projects at such erratic rates that while you’re reading this the estimates are probably changing.
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Nvidia’s representative noted that the plaintiff is a stakeholder of Nvidia and thus has an interest in the firm.Proceedings from the United States’ Delaware Court of Chancery on Sept. 17 have shown that American multinational technology company Nvidia Corporation (NASDAQ: NVDA) is unwilling to reveal its internal record documents during
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Binance, the world’s largest cryptocurrency exchange in terms of market capitalization, is listing another token to support the growth of decentralized finance, or DeFi.Wrapped Bitcoin (WBTC), a new ERC-20 token pegged to the price of Bitcoin (BTC), is now tradeable on Binance, according to an Aug. 31 blog post by
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The trend of usage incentives in decentralized finance kicked off with Compound’s COMP token distribution, and it continued through several other platforms that sought to replicate its perceived success.But the latest DeFi yield farming mania involves yEarn, a yield aggregating platform developed by just one man, Andre Cronje. Despite his
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It’s been 27 hours since my last meal and my body is starting to eat itself.Autophagy, literally self-eating, is the latest dietary trend in the crypto community. More commonly known as fasting, the idea is to abstain from ingesting food for a set amount of time, ranging anywhere from 24
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