The new hot DeFi coin Yams was supposed to earn everyone 2% a day. But the hype train go derailed when the rushed project crashed to $0 after a key vote to fix a bug failed.
CryptoCurrency News from around the World and beyond. This section focuses on what is happening with cryptocurrency now. So that is things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new ICOs, upcoming forks, etc.
ETH is breaking out after decentralized finance (DeFi) coins, almost all of which are Ethereum-based have run hard.
Is it time for alt season again? Looking at this simple divergence indicator (comparing the total cap to total cap minus BTC), it looks like alt season could be approaching.
Coinbase announced they will consider adding Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Token, Siacoin*, SKALE Network, Synthetix, and VeChain.
Coinbase is launching compound and maker. Both are Ethereum-based cryptos and are related to lending and borrowing systems.
The ETHE premium is nearly 10x ETH’s price and is about 10x ETHE’s value. This means people are paying about 10 times what ETHE is worth.
According to CoinTelegraph Russia’s oldest and largest bank, Sberbank, is buying blockchain ATMs that can mine crypto.
The Bitcoin halving occurred today. The Mining reward for Bitcoin is now cut in half from 12.5 to 6.25 BTC.
Bitcoin is nearing $10k with the halving only a few days away (estimated on May 11 2020). That is all 🙂
The Bitcoin halving, where Bitcoin’s block reward will decrease from 12.5 to 6.25 BTC a block, is less than a week away. It will occur at block 630,000.