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As Bitcoin Remains Muted, Traders Find Time To Eat Sushi
Monday, February 1, 2021 - 10:32pm | 349Bitcoin is struggling to find momentum even as Tesla Inc (NASDAQ: TSLA) CEO Elon Musk expressed explicit support for the world's apex cryptocurrency on Monday. What Happened: Bitcoin traded mostly unchanged over 24 hours at $33,670 at press time late Monday, retreating from the above $38,000...
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DeFi Cryptocurrencies Refuse To Take A Backseat Amid GameStop Mania, Hit All-Time High
Wednesday, January 27, 2021 - 10:06pm | 310Two decentralized finance, or DeFi, related cryptocurrencies hit an all-time high on Wednesday. Uniswap (UNI) hit an all-time high of $15.5 in the day and traded at $15.15 at press time. Aave (AAVE) hit an all-time high of $296.84 and traded at $282.50 at press time. The surge comes even as...
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DeFi Cryptocurrencies Continue To Surge Despite Bitcoin Slump — Here's Why
Wednesday, January 27, 2021 - 12:37am | 384Even as the overall cryptocurrency market, led by Bitcoin (BTC), tread in bearish territory, decentralized finance (DeFi)-based digital assets are continuing to hit record highs. What Happened: Market trends indicate that money is flowing back into DeFi after the pause in the Bitcoin rally, as the...
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DeFi Cryptocurrencies Hit Record Highs In Tandem With Ethereum
Monday, January 25, 2021 - 12:35am | 388Several decentralized finance (DeFi)-based cryptocurrencies hit their all-time highs late Sunday in tandem with Ethereum (ETH) rally. Aave (AAVE) hit an all-time high of $291.60 at press time, up 13.8% over 24 hours. The DeFi coin has registered a surge of 259.8% over a period of one month against...
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Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine
Monday, January 18, 2021 - 10:13pm | 286Bitcoin (BTC) rally might have taken a pause over the last week, but that is no cue for other cryptocurrencies, often referred to as “altcoins.” While the world’s apex cryptocurrency is up 6% over a period of seven days at $36,926.71 at press time, several altcoins have almost...
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Fintech Focus For January 6, 2021
Tuesday, January 5, 2021 - 10:16pm | 1927Quote To Start The Day: If you think you can do a thing or think you can’t do a thing, you’re right. Source: Henry Ford One Big Thing In Fintech: Affirm founder and CEO Max Levchin is poised to join Elon Musk, Peter Thiel and Reid Hoffman on the billionaires list, becoming the latest...
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Fintech Focus For November 23, 2020
Sunday, November 22, 2020 - 6:01pm | 1864Quote To Start The Day: Life is made of ever so many partings welded together. Source: Charles Dickens One Big Thing In Fintech: The pandemic has seen incumbent financial services providers fight against disruption by individuals and startups thinking about new ways to innovate. Nasdaq is...
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Think Bitcoin Is On The Run? Sushi Cryptocurrency Has Surged Nearly 100% In A Week
Thursday, November 19, 2020 - 3:20am | 297Bitcoin (BTC) being on a bull run may be hounding all the attention but the world's apex cryptocurrency is getting outdone by several decentralized finance, or "DeFi," projects. What Happened: SushiSwap (SUSHI), one such DeFi cryptocurrency, has surged 96.24% in a 7-day...
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DeFi Craze Sees Uniswap Overtaking Coinbase In Monthly Trading Volume
Monday, October 5, 2020 - 2:10am | 213Uniswap, a decentralized finance (DeFi) protocol, has crossed the monthly trade volume of cryptocurrency exchange Coinbase, according to data compiled by the Block. What Happened: In September, Uniswap volume stood at $15.4 billion and accounted for 65% of the $23.5 billion reported total...
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Fintech Focus For September 29, 2020
Monday, September 28, 2020 - 5:40pm | 1775Quote Of The Day: When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. - Henry Ford Fintech Movers: Financial health will become the new basis of competition in banking. - Forbes Finicity added to banking and credit tech. Wirex...
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Unpacking DeFi And The Significance Of SushiSwap
Wednesday, September 16, 2020 - 7:05am | 705On Sept. 9, SushiSwap, a Uniswap fork, completed a transfer of over $1 billion in liquidity from Uniswap. The hostile takeover of Uniswap liquidity is a milestone in digital finance and marks the introduction of a model that could replicate market making, borrowing, lending, and exchanging...
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Sushi-Inspired Cryptocurrency Surged 331% In 1 Week Of Launch — Then, The Founder Cashed Out
Tuesday, September 8, 2020 - 2:54am | 484"DeFi," an acronym for Decentralized Finance, is the latest craze in the cryptocurrency community. Bitcoin (BTC) set out to provide a decentralized alternative to the world's currencies in early 2009. Now, the DeFi promoters say every aspect of finance, including loans, insurance, and...
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Sushi-Inspired DeFi Protocol Rides Latest Cryptocurrency Frenzy To Lock Over $1B Value In 3 Days
Tuesday, September 1, 2020 - 2:52am | 508SushiSwap, a decentralized finance (DeFi) protocol, has exceeded more than $1 billion in total value locked since it was launched on Aug. 26, according to market tracker Zippo. What Happened: The novel DeFi protocol, forked from Uniswap, is sucking liquidity from its parent and has already...