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The Scam and Fall of YFI Clones

Source Node: https://beincrypto.com/the-scam-and-fall-of-yfi-clones/
Time Stamp: August 3, 2020 11:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

After the success of yEARN finance (YFI), a yield farming token which saw a rise in price from $35 to over $4000, a number of cryptocurrencies are trying to copy its success. These include the likes of YFFI, YFII, and Asuka, however, they’ve all witnessed 100% drops and a conspicuous exit scam. Encouraging Words Fueled by DeFi platforms where any token with an address can be traded for anything else, these are the days of Wild West token swaps. To clone the YFI token, developers only had to copy code

What is Serum? A DeFi Derivatives DEX Guide

Source Node: https://www.asiacryptotoday.com/serum-srm-guide/
Time Stamp: August 3, 2020 5:54 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

DeFi-based exchanges have seen wild success in 2020 thanks to yield farming, which has incentivized hundreds of thousands of users to provide liquidity to these platforms. With that being said, DEXs are still a far-cry from centralized exchanges in both UI and UX. Serum is here to change all that. Serum is a protocol that claims to be “pure DeFi” as they have managed to address a lot of issues the space is facing. Most of the users in DeFi today are not traders but yield farmers. Yield farmers are

Why Analysts Expect Ethereum to See Further Downside Following Intense Selloff

Source Node: https://bitcoinist.com/why-analysts-expect-ethereum-to-see-further-downside-following-intense-selloff/?utm_source=rss&utm_medium=rss&utm_campaign=why-analysts-expect-ethereum-to-see-further-downside-following-intense-selloff
Time Stamp: August 2, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum witnessed some intense overnight volatility that caused its price to slide as low as $300 This intense selling pressure came about in tandem with that witnessed by Bitcoin – which caused its price to slide down to lows of $11,000 Analysts are now noting that ETH may be positioned to see further downside due to the strength of this movement Although it has found some support and stability within the mid-$300 region, weakness against its BTC trading pair may also drag it lower Ethereum and the entire cryptocurrency market

If Bitcoin Hits $8K, What Will Happen Next?

Source Node: https://cointelegraph.com/news/if-bitcoin-hits-8k-what-will-happen-next
Time Stamp: April 9, 2020 12:48 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin has been holding above $7K, but where will its next move take it? Many investors are eyeing $8K as a key level for continuing Bitcoin’s upward momentum and possibly pushing it into a bull market. However, a couple traders believe Bitcoin could easily make a reversal in the near future and plummet back down to $3K. BBC featured trader Charlie Burton and co-founder of Genesis Block HK Clement Ip weighed in on Bitcoin’s short term and long term future in Cointelegraph’s latest crypto market discussion video.Will Bitcoin Make it

COVID-19 Has Reduced the Risk of a Post-Halving Price Dump

Source Node: https://cointelegraph.com/news/covid-19-has-reduced-the-risk-of-a-post-halving-price-dump
Time Stamp: April 9, 2020 12:15 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The recent COVID-19 market crash has reduced the risk of a halving price dump and could have set up a Bitcoin bullrun, some cryptocurrency experts believe.Earlier today Chainalysis brought together a group of industry experts for an online panel to discuss the impact of COVID-19 on Bitcoin and what it means for the future.Chris Bendikson, Head of Research at CoinShares, said he believed the recent price crash in March had prepared miners early for the halving, which will reduce the sudden impact it could have had on their profitability. Those

OneCoin Co-Founder’s Sentence Postponed

Source Node: https://insidebitcoins.com/news/257250/257250
Time Stamp: April 8, 2020 6:54 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The United States government’s request for a delay on the judgment of OneCoin co-founder Konstantin Ignatov has been granted New York Southern District Court.Reports confirmed earlier today that the District Court approved the request yesterday after the government had filed a motion to adjourn Ignatov’s sentencing a bit longer. The sentencing, which was initially to happen on April 8, 2020, will now be shifted to July 8, 2020. A Useful Part of the Government’s Campaign Against OneCoin Ignatov founded OneCoin in Bulgaria with his sister, Ruja Ignatova. Both oversaw the scam that

Bitcoin Naysayer Jamie Dimon Praises $2 Trillion Stimulus While Predicting Great Recession

Source Node: https://cointelegraph.com/news/bitcoin-naysayer-jamie-dimon-praises-2-trillion-stimulus-while-predicting-great-recession
Time Stamp: April 7, 2020 6:04 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

JPMorgan Chairman and CEO Jamie Dimon praised the U.S. government for quick action in the wake of COVID-19, yet he criticized it for not having a “pandemic playbook.”Dimon is mostly known among the crypto community for his derisive statements about Bitcoin (BTC). In September 2017, Dimon called Bitcoin “a fraud” right before its historical peak.  On another occasion he said:“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”A few months later, he acknowledged regretting those statements. (And when JPMorgan subsequently announced the JPM Coin,

Risky Assets Are Rallying, Bitcoin Back Above $7,000

Source Node: https://www.bitcoinmarketjournal.com/risky-assets-are-rallying-bitcoin-back-above-7000/
Time Stamp: April 7, 2020 3:15 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

“In every generation a man is obligated to feel as if he himself has experienced the exudes from Egypt.” This is one of the core principles of the upcoming holiday of Passover that Jewish people across the globe will celebrate tomorrow. It’s the very reason that we embrace strange customs like eating herbs that are so bitter they make you cry, drinking four full glasses of whine, and of course the famous flat bread known as matzah. Though I will never ever understand what it must have been like to

Binance, Streamr Partner to Showcase Real-Time Trading Information

Source Node: https://insidebitcoins.com/news/binance-streamr-partner-to-showcase-real-time-trading-information/256773
Time Stamp: April 7, 2020 10:18 AM - Modified On: May 21, 2021 - Published By:
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Streamr and Binance are now partnered, with the former showing the latter’s trading feeds on its website, a post from CoinTelegraph has revealed.For those who don’t know, Streamr is a space self-described as one that makes “data more available, fair, and valuable for all.” Essentially, the platform shows data such as the position of the ISS Space Station or the amount of tweets about the Top 10 cryptocurrencies.Now, it will be showing Binance feed data.The point? Well, it’s incredibly useful for traders. After all, realtime trades and tickers for Binance