Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Who would have thought that belief in the power of once-fringe innovation could churn out so many millionaires in a single decade? Taking note of this trend, it would be wise to remember why […]
Category: STO News
Paxos Teams Up With Chainlink To Boost Adoption Across Defi Markets
New York-based Paxos, a stablecoin custodian, and issuer, is set to integrate Chainlink, a decentralized oracle network. The partnership between the two aims to overhaul Paxos’ role in DeFi markets, allowing users to expand their asset-backed stablecoins – Paxos Standard (PAX) and Paxos Gold (PAXG). According to the announcement from the Paxos team, the stablecoins […]
Cosmos price analysis: bullish bias points ATOM towards $10
Cosmos (ATOM) price could jump to $10.00 if bulls manage to keep prices above the upper limit of an ascending parallel channel Cosmos is among a handful of altcoins trading double digits on the day as they target new highs. Polkadot (DOT) has also surged by more than 30% to cut above $14.00, while ChainLink […]
Grayscale Investments Buys 2,170 BTC, No ETH Yet While Dissolving XRP Trust Altogether
So, it has started! After closing access to its products and not making a single purchase since Christmas, the world’s largest crypto asset manager has set things in motion again. This week, Grayscale Investments opened the business again for new investors and started it by adding 2,170 BTC, worth about $83.5 billion at a current […]
A Call for the Cryptocurrency Industry to Reject Extremists
It is undeniable that Bitcoin has a dark history, in 2019 alone over $1 billion in Bitcoin was spent on the dark web. These funds were used for many purposes, in some cases it was drug trafficking, in other cases child porn, and in some extreme cases hiring hitman such as a case in California […]
Crypto Market Is Not Interested in Owning Bakkt Stock; Coinbase Is the Real Deal Making Money
This week, Intercontinental Exchange owned Bakkt announced that it is going public amidst the increasing demand for Bitcoin and cryptocurrencies. As we reported, Bakkt will go public through a merger with blank check firm VPC Impact Acquisition Holdings, giving it a $2.1 billion valuation. Backed by Microsoft and Boston Consulting Group, this deal will provide […]
Yearn Finance Proposes Using Staking Funds to Buyback YFI
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 […]
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 […]
