FTX blasted after “creating tokens” to capture $1 million in value; but that’s what DeFi is supposed to beBTC $9167 (-1.3%) • ETH $230 (-1.4%) • XRP $0.18 (+2.7%)
An incident earlier this week showed what peak Decentralized Finance (DeFi) could look like — one where the smartest survive and rent-seekers are eradicated immediately. On June 25, Predictions Exchange tweeted FTX was creating tokens and listing them on CoinGecko, while supplying its own liquidity for capturing Balancer (BAL) distribution. The tweet noted FTX harvested over 50 percent of last week’s BAL distribution.
More news ⏬Chainlink’s investor base has grown by 100% this year; Whales are taking notice
Chainlink’s immense momentum has shown some slight signs of slowing down after the cryptocurrency set fresh all-time highs yesterday. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Bitcoin miner outflows are showing signs of a weakening BTC market
It was a long time coming. Ethereum daily transactions break 1M on DeFi hype, but Vitalik Buterin has concerns
Ethereum’s fundamental strength has grown immensely throughout 2020. On-chain data accentuates that Cardano (ADA) is “mostly bearish”
The crypto market has seen a strong correction since its attempted breakout earlier this week, Cardano (ADA) has been no exception to this drop. This Swiss bank is now paying out Bitcoin yield to account holders, but there’s a catch
Innovative Bitcoin products are not falling short of delivering this year, with institutional firms notching up one crypto product or other. Here’s why Ethereum (ETH) prices are not surging even as DeFi heats up
Much of the ICO boom in 2017 was driven by massive surges in ETH prices — with scammers, aspiring technologists choosing the Ethereum protocol to issue their tokens, and reap some profits off the frenzy. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
