The cryptocurrency market is reeling from a huge pullbag that dropped the total value locked of DeFi down from its all-time high price point. However, one protocol is surging ahead despite the overall trend. Convex Finance, which is based on Ethereum, cracked $1 billion USD on Tuesday, June 1. It…
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Artists and Celebs Create Cool NFTs for Sale on Binance
The marketplace of marketplaces is getting crowded. Binance is getting ahead of the game with a push toward bringing 100 creators to their non-fungible token platform. On Tuesday, June 1, Binanace announced that it will do an NFT drop from Misha Most. This artist is a world record holder for…
A Bleak Short-Term Forecast for Bitcoin
The entire month of May has been an anxiety-inducing affair for Bitcoin traders and for the cryptocurrency markets overall. At a time when millions of vaccinated Americans were getting ready to enjoy Memorial Day weekend, market analysts were wondering if Bitcoin was closer to returning to a $40K line of…
DeFi Tokens Attract Attention Amid BTC Slump
With Bitcoin struggling to reach the $40K pricing level again, the rest of the cryptocurrency markets have been in a slump, but decentralized finance (DeFi) tokens are holding on to their market capitalization thanks to very positive fundamental news updates. DeFi projects such as Polygon keep improving and offering new…
Shady Dealings Revealed in Connection With the Demise of Bitconnect
Since 2018, there has been a question lingering over what happened to the Bitconnect platform that folded in 2018 after operating as an exchange as well as a lending facility for traders. Many of the rumors discussed by members of cryptocurrency trading forums suggested that Bitconnect was a Ponzi scheme,…
Bitcoin Price Tanks Amid Environmental Concerns
The cryptocurrency markets have been thoroughly shaken up by the Bitcoin pullback. While BTC is still the most valuable token in the world, it has fallen from exchange levels that suggested $60K would have been a point of resistance. Many people still believe that Bitcoin will be the next major…