DeFi blue chip project Yearn.Finance is proposing to use the staking funds for buyback- treasury, and it is being received well with a good 93% majority votes, out of 177 so far. These YFI will be repurchased on the open market and then used for contributor rewards and other Yearn initiatives like security audits, bug […]
Category: STO News
Bitcoin Sell Side Liquidity Crisis in Effect; eToro to Suspend the Buy Orders Due to ‘Unprecedented Demand’
The sell-side liquidity crunch is real and here. With a whopping 78% of Bitcoin supply not up for sale while the demand continues to rise with institutions and retail all wanting in, the price is bound to go up. This supply crunch has started to be seen this week as retail investing platform eToro warned […]
Will We See Self-Driving Banks in 2021?
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. For better or worse, the COVID-19 pandemic has accelerated the momentum of many previous trends. One of them is digital automation of intellectual services. Being more quantifiable than most, financial services have entered an […]
Even Billionaires Complain About the High DeFi Uniswap Fees; Aave Users Get Excited
Ethereum is notorious for its extremely high fees when the network activity amps up. In January, with ETH and DeFi tokens enjoying an uptrend and offering buy the dip opportunities, too much activity is making the platform costly to use. Popular DEX Uniswap, which has long been the biggest gas guzzler, has spent $28.3 million […]
4 of the Best 5G Penny Stocks in January 2021
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The 5G industry is all set to be a hot one as we head into the 2020s. Plans for through infrastructure development are rolling out, and companies are pouncing on opportunities. 5G is expected […]
Bancor’s Approach to Handling Impermanent Loss Shows Financial Viability
The Bancor Network has been busy trying to solve the issue of impermanent loss on its decentralized exchange. In a recent report, the protocol showed significant success with its approach, leading to the belief that it might be able to handle the protection of temporary loss of funds in the long term. Impermanent Loss on […]
Synthetix (SNX) Releases Aggressive Roadmap to ‘Take on CeFi’ in 2021
This week, while other cryptocurrencies are still struggling to reverse their correction, DeFi tokens swiftly made a recovery, with SNX token hitting a new ATH above $16.50. For now, the 23rd largest cryptocurrency is trading around $14.80 SNX -1.62% Synthetix / USD SNXUSD $ 15.03 -$0.24 -1.62% Volume 352.01 m Change -$0.24 Open $15.03 Circulating […]
2nd Largest Bitcoin Mining Pool Launches An ERC20 Based BTC Hash Rate Token on DeFi
One of the largest Bitcoin mining pools in the world, Poolin, has launched a BTC hash rate token built on Ethereum to combine proof-of-work (PoW) mining and decentralized finance (DeFi). Named pBTC35A, each unit of the token is equal to 1 terahash second (TH/s) hashing power that is owned by Poolin. Earlier this month, Pooolin […]
If You Don’t See Sushiswap Catching Up to Uniswap, You Should See An Optometrist: Delphi Digital
DeFi tokens are enjoying an uptrend while Bitcoin, Ethereum, and altcoins are still working on their recovery. Besides the wealth transfers between traders, Active Comptroller Brian Books talking about DeFi being self-driving cars and requiring 21st-century regulations has these tokens elated with green. Amidst this, DEX SushiSwap is evolving as a ‘blue chip’ project after […]
Acting SEC Enforcer Leading Ripple Lawsuit to Step Down; XRP Fights to Stay on Exchanges
The Securities and Exchange Commission (SEC) is undergoing a significant shakeup as it adjusts to the incoming Biden administration. Marc P. Berger, the agency’s Acting Enforcement Director, has announced his exit in the latest change. SEC Shakeups Continue Berger has held the position of Deputy Director of Enforcement at the SEC since August 2020. A press release published […]
