Category: breakingnews

An increasing number of cryptocurrency investors are embracing yield farming, one of the latest innovations in the crypto industry, where crypto assets are used to aggregate income for the investors, in some cases up to 100% Annual Percentage Yield (APY). Even though yield farming as a form of decentralized finance (DeFi) can be profitable, some key players in the industry like the co-founder of Ethereum, Vitalik Buterin,  are still skeptical about the real sustainability and activities of the booming DeFi sector. For Buterin, in addition to disappointments associated with the DeFi craze like yield farming, he can only watch yield

TRON Foundation announced today that it has launched SUN Genesis Mining to grant users access to its DeFi meme coin named SUN.  The Foundation made this known in a blog post today, stating that the initiative, which will kick-off on September 2, 2020, will be self-governed by its members just like other existing DeFi projects, including MakerDAO, Compound Protocol (COMP), Yearn.Finance (YFI), among others.  However, unlike other DeFi projects, SUN will run on the TRON blockchain, thus promoting the possibility of establishing TRON’s DeFi self-governance community and achieve the same result recorded on Ethereum in recent times.   Potential investors interested

Leading cryptocurrency intelligence company CipherTrace has developed a tool that will enable the United States Department of Homeland Security (DHS) to track illicit transactions involving Monero (XMR).  The cryptocurrency intelligence company made this known today in a press release stating that the newly developed forensic tool would help the security agency eliminate the difficulties associated with tracking XMR transactions.  According to CipherTrace, the tool has been integrated with its Inspector financial investigations product and equipped with several functions, including transaction search, exploration, and visualization tools of all Monero transactions.  The firm noted that the tracking tool would also help restore the

It can be argued that a key barrier to the adoption of decentralized finance (DeFi) applications and seemingly rewarding yield farming opportunities is how difficult it is for the average investor to understand how they work. A recent irreversible error from a user of popular crypto exchange Gate.io has further shown just how easy it is to lose money in DeFi without expert guidance, or at least basic knowledge of how to execute transactions using DeFi apps. Spotted by one of SushiSwap’s anonymous developers, Chef Nomi, the error pinpointedly involves the sending of $400,000 worth of USDT from a Gate.io

As the cryptocurrency industry continues to grow, decentralize exchanges (DEXes) are getting bigger and now challenging their centralized counterparts in terms of daily trading volumes. Uniswap, a fully decentralized protocol for automated liquidity built on the Ethereum blockchain, is leading the DEX race and has been outshining several leading centralized exchanges that have been existing for years.  According to recent data first shared by Hayden Adams, an Ethereum developer and an inventor of the Uniswap Protocol, the last 24 hours was busy for Uniswap as the DEX recorded more traded volume than popular US-based exchange Coinbase.  Over the last 24

The decentralized finance (DeFi) sector has continued to boom as various projects, including Yearn.Finance (YFI), Balancer (BAL), and Compound Protocol (COMP) have recorded massive gains within a few weeks after their launch.   Early investors who invested in these projects at the time of their launch made huge returns, while more inventors are still trooping into the DeFi space to share its enormous wealth.  The massive growth of DeFi has prompted enthusiasts of popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) to move into DeFi, thus causing a decline in the market cap of these early digital currencies.  DeFi craze