Monthly Archives: August 2020

Ether (ETH) options open interest grew by 230% to reach $393 million in the past three months. Although this is an impressive figure, it doesn’t fully reflect how the derivative instruments being used.Ether options open interest, USD. Source: SkewStrike levels appear bullishThe first thing one should take note of is the most used price levels…

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. Top Stories This WeekYFI price soars to $38,800 hitting $1 billion market cap — Can it go higher?Yearn.finance’s founder, Andre Cronje, has warned that YFI tokens are “worthless” — but this hasn’t stopped them from rising even…

Bots abound. 1729 Total views 16 Total shares Ethereum may be vulnerable to frontrunners according to Dan Robinson, a research partner with the crypto-asset investment firm Paradigm. Robinson said in a blog post, the design of Ethereum’s mempool, or a set of unconfirmed transactions, is where the vulnerability lies. He said arbitrage bots monitor pending transactions…

Hybrid offerings to suit different needs. 1532 Total views 19 Total shares Two exchanges will offer both decentralized and centralized financial options.Both Bitrue and OKEx separately announced plans to provide hybrid services that cater both to the DeFi market and more mainstream centralized finance products.OKEx CEO Jay Hao tweeted on August 30 that the exchange…

Synthetix has reached the $1 billion in value locked milestone, following other DeFi protocols like Compound and Aave. Synthetix (SNX) has been one of the many DeFi tokens that has made substantial gains in 2020, having hit its all-time high of $7.32 on August 15 and rallied more than 400% year-to-date.SNX/USDT daily chart. Source: TradingViewMost…

Bitcoin believers can be curious about altcoins. 1814 Total views 19 Total shares Jameson Lopp, co-founder and CTO of Casa, considers himself a Bitcoin Monetary Maximalist and a curious being towards altcoins, so in a post on August 30, he warned the public not to take online interactions on cryptos too literally.Although Lopp sees no…

Ripple Labs CEO Brad Garlinghouse believes that the U.S. Federal Reserve’s recent decision to allow inflation to stay above its 2% target objective could debase the dollar further. According to Garlinghouse, this decision is likely to lead “to further diversification of assets which will certainly be good for crypto.”The various stimulus and fiscal measures announced…

This time it’s not your Wifi that’s the issue. 1946 Total views 18 Total shares Cloudlfare, an internet service provider responsible for various functions, went down Sunday morning, taking down many websites, including some crypto sites.The company confirmed in a tweet it experienced issues around 9:24 am Eastern time caused by a third-party transit provider.…