A trustless bridge between Bitcoin (BTC) and Ethereum (ETH) is relaunching its project after a failed mainnet launch in May. tBTC is an Ethereum-based token that allows users to leverage BTC in the decentralized finance (DeFi) ecosystem – by exchanging BTC for tBTC at a value of 1:1. According to the launch statement, tBTC aims […]
Category: STO News
Trader Calls for an Extended DeFi Winter for the Best Performing Assets of 2020
The decentralized finance (DeFi) rage made many people in the crypto community very rich. With DeFi tokens surging by as much as 10,000% and more, they have become the best-performing assets of 2020, so far. 2020 saw everything from stocks, bonds, and commodities flying, hitting new all-time highs (ATH). But nothing compares to the success […]
The yield farming frenzy has put over USD 3.4billion into DeFi liquidity pools
Over $1.38 billion is locked in four liquidity pools on Uniswap Investors have locked more than $3.4 billion in decentralized finance (DeFi) as the frenzy about yield farming gathers even more steam after decentralized automated market maker (AMM) Uniswap launched its UNI token. A recent survey by cryptocurrency data provider CoinGecko showed that nearly 81% […]
Ripple flat above 0.23USD as former CEO moves 499.9M XRP tokens
XRP/USD remains vulnerable despite holding a major support area around $0.23. XRP/USD hit an all-time high price of $3.84 in January 2018 but has been in a long term downtrend that has seen it lose over 92% of its value since. And traders were braced for another dump after Whale Alert flagged a mammoth 499,999,997 […]
UNI on the Move, Is Uniswap’s Governance Token Outside the Realm of US Securities Law?
Last week, the largest decentralized exchange (DEX) by trading volume, Uniswap, launched UNI as part of Uniswap V3. 400 UNI tokens were airdropped to every customer who used the platform before Sept.1st, 2020. While some called this a “groundbreaking” token launch where customers were made the investors, some accused the project of catering to whales. […]
Report: 90% of Institutional Investors Anticipate Entering Crypto Space
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Commissioning a survey of US and UK institutional investors in July of 2020, Evertas crypto insurance company came away with optimistic results. As always, low interest rates and bond yields shift investors’ gaze toward […]
Survey Suggest 40% of Yield Farmers Can’t Read Smart Contracts; Still Pulling 500% Returns
A recent survey from Coingecko revealed that almost half of the DeFi yield farmers couldn’t read the smart contracts of the project they join. A majority of these yield farmers depend on auditors to monitor the security aspects of the project. The survey revealed that 40% of the yield farmers could not read the smart […]
6 Dividend Stocks with High Yields in September 2020
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Global stock markets are still in a precarious situation, with new waves of the virus emerging in various parts of the world. The optimistic sentiment that was prevalent in the past few months is […]
DeFi’s Speculative Frenzy Subduing Ethereum; Users Approaching 500k
During the bloody red Monday, Ether lost about 10.6% of its value; currently, it is trading around $340. These levels were last seen earlier this month, but another small lower and Ether will get back to July level. “Weekly time frame still looking like a bearish retest of the previous range ($390s). Bitcoin looking better […]
Yearn.finance (YFI) and Aave (LEND) price analysis
YFI/USD and LEND/USD are 46% and 50% off their peak prices in August. Tokens in the decentralized finance (DeFi) space continue to post losses as the crypto market hits price correction phase. According to the ranking index on CoinMarketCap, all the top 10 DeFi tokens are trading lower on the day, continuing the downtrend seen […]
