Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring
Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day. Source
Read MoreMiners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day. Source
Read MoreThe DeFi craze may finally be getting out of control. The crypto community has been in support of
Read MoreThe general hype circa 2018 proclaimed security tokens as crypto’s killer app. After Bitcoin fell from its $20,000 peak in December 2017, some of the more revolutionary promises of cryptocurrencies had lost their luster — especially after the subsequent collapse of the altcoin market and the mayhem of initial coin
Read MoreEthereum fees are at a two-year high as the hype around decentralized finance (DeFi) leads to a surge in network activity, according to Coin Metrics. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial
Read MoreBitcoin, Ethereum, and most other cryptocurrencies have largely stalled over the past few weeks. That’s in terms of price.But data shows that the two leading blockchains are seeing rapid growth in usage. This comes in spite of fears that a second leg to the 2020 bear market/trend is on the
Read MoreBitcoin (BTC) interest is hitting levels that last appeared during its March crash recovery as hype over the halving finally fades.According to the latest data from Google Trends, as of May 30, search interest was back to the same position as in mid-April. At the time, BTC/USD jumped from $6,800
Read MoreThe U.S. stock market is falling in pre-market as a top Chinese vaccine stock falls. Scientists worry that investors are prematurely optimistic about phase one trial results of vaccines. Investors are rushing to trade stocks, as retail continues to fuel the market. The U.S. stock market has rallied in
Read MoreThe price of Bitcoin (BTC) touched $10,000 last week but crashed more than $2,000 from Saturday to Sunday as the price hit $8,100. Is the halving hype over a la “buy the rumor, sell the news” for the top-ranked cryptocurrency? The halving is less than twelve hours away, so what can
Read MoreYesterday’s sudden crash saw the price of Bitcoin (BTC) fall 14% from roughly $9,450 to $8,101 in less than 15 minutes. This appears to have shaken out over-exuberant margin traders who longed near $10,000 on heavy margin.According to market data aggregator, Cryptometer, over $295 million worth liquidations occurred on BitMEX
Read MorePre-halving speculation has driven historic volumes of crypto trade, with April 30 producing the second-strongest single day for volume on record according to a report published by market data aggregator, CryptoCompare.Notional volume for BTC options on Chicago Mercantile Exchange, or CME, also tagged a new record in recent days, with
Read More