More warnings flashed for Yearn Finance’s governance token YFI even as it showed signs of recovering after an upside weekend session. Market analyst Teddy Cleps envisioned a waterfall-like trend for YFI/USD, noting that the pair is likely to continue trading lower with anticipations of bouncing back on every support-retest. He further hinted that price floors […]
Yearn.finance (YFI) Won’t Look Good Until It Secures $16k, Analyst
Yearn.finance (YFI) has been one of the worst-performing assets over the past few weeks. As this outlet has reported, the coin has plunged in excess of 70% from its all-time high, as it reached lows of $12,000 after peaking at $44,000 just weeks ago. Sam Bankman-Fried, CEO of FTX, pinned the drop to three trends: […]
Charted: Ripple (XRP) Technicals Suggest a Crucial Breakdown Below $0.24
Ripple started a steady decline and traded below the $0.2500 support against the US Dollar. XRP price is showing bearish signs and it might slide further below $0.2375. Ripple failed to stay above the $0.2500 support and extended its decline against the US dollar. The price is now trading below the $0.2450 support and the […]
Binance, Gemini, Kraken So Far the Winners From BitMEX’s Legal Woes
Square Forms Group to Stop Patent Hoarding From Stifling Crypto Innovation
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Ethereum Rallies 10%, But The Bulls Still Need To Clear This Hurdle
Ethereum started a strong recovery wave above the $350 resistance against the US Dollar. ETH price is up over 10%, but it must still break the $370 resistance for upside continuation. Ethereum gaining traction above the $340 and $350 resistance levels. The price is now well above the 100 hourly simple moving average, but it […]
Dapper Labs Releases CryptoKitties Based on Rock Band Muse
Dapper Labs, the team behind popular non-fungible token (NFT) game CryptoKitties, announced Tuesday it will release two cat characters inspired by the rock band Muse under its partnership with the Warner Music Group. According to a press statement emailed to CoinDesk, the two digital cats, one of which will be signed by band members, are […]
Ethereum Wrapped Bitcoin Supply Doubles In August Alone, But Why?
The decentralized finance movement has helped drive up the value of Ethereum and other ERC-20 based projects compared to Bitcoin and other assets. It has prompted even Bitcoin holders to “wrap” their BTC in Ethereum. The amount of BTC supply wrapped in Ethereum has doubled in August alone, but why exactly is this happening, and […]
Even After 350% Jump from March, Ethereum Still Faces a Key Resistance
Ethereum crashed as low as ~$85 during March’s capitulation drawdown, crushing the hopes of investors in the asset. But due to a recovery in the price of Bitcoin and in most global markets, ETH has surged higher. From those lows, the asset is now up by around 350%, recovering to $385 as of this article’s […]
Open-Source DeFi Data Platform DIA Raises $15M Through Token Sale
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
