Cryptocurrency Analysis and News Portal
A South Korean crypto exchange has been raided by police, Bitcoin’s Lightning Network hit a new high and mining revenues are climbing. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters
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Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase while driving up fees and congestion on the Ethereum blockchain. Uniswap, a semi-automated platform for matching buyers and sellers of cryptocurrencies and other digital assets, saw its trading volume climb to $953.59
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Bitcoin breached $12,000 again Tuesday, and traders see bullish crypto signals everywhere on the charts. Bitcoin (BTC) trading around $11,970 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $11,524-$12,085BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading
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A vampire protocol has driven Uniswap to the top of the decentralized finance (DeFi) charts. As of roughly 21:00 UTC, the automated market maker (AMM) has $1.65 billion in total value locked, according to DeFi Pulse, unseating lending platform Aave. Sources with knowledge of the situation tell CryptoX this is driven largely
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Bitcoin is trending upward and volume on decentralized exchange Uniswap is soaring to an astounding new high. Bitcoin (BTC) trading around $11,724 as of 20:00 UTC (4 p.m. ET). Gaining 0.61% over the previous 24 hours.Bitcoin’s 24-hour range: $11,575-$11,784BTC above its 10-day and 50-day moving averages, a bullish signal for market
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Bugs, improper pricing and impermanent loss Despite some positive qualities, AMMs present certain risks and limitations. Hacks and vulnerabilities have already affected exchanges such as Uniswap and Balancer, where some liquidity providers saw their money stolen due to complex smart contract interactions. On the other hand, traders are exposing
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FTX said customers are demanding access to DeFi products. Source
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The prediction market is getting a facelift through the power of technology by PlotX. The platform was conceived
Read MorePress time data from EthGasStation shows decentralized exchange Uniswap as the place users have spent the most Ethereum (ETH) on gas payments over the past 30 days. Uniswap participants shelled out a combined 17,700 total ETH as fuel to send their trades through — equalling $6.99 million spent on gas
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Bitcoin’s prices were off from Monday’s high. Meanwhile, high fees on Ethereum helped decentralized exchange Uniswap rake in $7 million over the past month. Bitcoin (BTC) trading around $12,002 as of 20:00 UTC (4 p.m. ET). Slipping 2.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,825-$12,412BTC below its 10-day and 50-day
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