Another day, another DeFi exploit. It was last week that the less than two-month-old Harvest Finance saw its total value locked (TVL) surge to $1.175 billion. And today, it has fallen under $600 million. This has been the direct result of the exploit in the decentralized finance (DeFi) protocol. The same has been the case for […]
Category: STO News
More than $24M stolen from Harvest Finance by hacker
The DeFi sector has once again suffered a major blow in an attack targeted at yield farming protocol, Harvest Finance News emerging this morning reveals that a hacker drained over $24 million from Harvest Finance, who are in the process of making the FARM token tank. According to CoinGecko, the platform’s native token plummeted by […]
Blockchain technology comes to the sugar trading sector
Blockchain technology will be used to trade sugar in the United Arabs Emirates (UAE) as the country looks to expand its blockchain strategy by 2021. The world’s largest sugar refinery, Al Khaleej Sugar, revealed that it would eliminate brokers and allow clients to trade tokenised sugar 24/7. This latest development fits into the UAE’s blockchain […]
YFI price vulnerable to further declines below $14,000
The yearn.finance token has traded lower since breaking below $20,000 While Bitcoin looks to strengthen above $13,000, the price of decentralised yearn.finance token (YFI) is likely to trade lower in the next few sessions. The technical picture suggests the bearish outlook of the past few days for yearn.finance is likely to persist near term. At […]
3 Top Tech Stocks to Consider in October 2020
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Whatever you may think of Trump’s administration, one thing is for sure. It has been exceedingly beneficial for big business, Big Tech specifically. Even amidst the worst economic downfall since the 2008 financial crisis, […]
PayPal Jumps 5.5% to All-Time High After Bitcoin News
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. There has been one headline dominating the cryptocurrency market in the past few days: Paypal’s support for cryptocurrencies. The news had an immediate impact on Bitcoin’s price, briefly sending it past $13,000. Now, analysts […]
DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey
39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders survey “State of Crypto 2020.” The sector has seen immense growth in 2020 and continues to hit new highs; just today, a new record was set of $12.5 billion TVL. The […]
Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September
Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in total value locked (TVL), as per DeFi Pulse. A few days back, Wrapped Bitcoin (WBTC) captured third place by overtaking popular DeFi projects Aave, Compound, and Curve Finance. The relatively new […]
PoolTogether’s ‘No Loss’ Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners
Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform that allows users to gamble without losing, became the first platform to launch on Chainink’s verifiable randomness function (VRF). After two successful versions, PoolTogether launched Version 3 update on Thursday, allowing […]
Digital Assets Beat Traditional Assets by a Wide Margin & Ethereum Outperforms Bitcoin
In 2020 to date, Bitcoin has seen a positive performance of 80% and Ethereum 217%. With these gains, digital currencies are leading this year, with both the top digital assets outperforming traditional asset classes, that too by a wide margin. Source: TradeBlock Clearly, Ether has enjoyed much higher performance than Bitcoin, just yesterday it also […]
