Decentralized Finance | Crypto Profit Bot

Anchor Protocol rebounds sharply after falling 70% in just two months — what’s next for ANC?

May 7, 2022

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Anchor Protocol (ANC) returned to its bullish form this May after plunging by over 70% in the previous two months. Pullback risks ahead ANC’s price rebounded by a little over 42.50% between May 1 and May 6, reaching $2.26, its highest level in three weeks. Nonetheless, the token experienced a selloff on May 6 and May […]

Solana price ‘bear flag’ paints $50 target as Wormhole hack exposes security hole

February 3, 2022

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The bearish continuation setup could push Solana price to drop to nearly $50 in the sessions ahead. 4008 Total views 25 Total shares Solana (SOL) became one of the worst performers among the top cryptocurrencies on Feb. 3 as traders assessed its links with the second-biggest hack to date. $325M worth of wETH gone SOL […]

Yearn.finance risks pullback after YFI price gains 100% in less than 3 weeks

January 3, 2022

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Yearn.finance (YFI) looks poised for a price correction after rising five days in a row to approach $42,000. Notably, an absence of enough buying volume coupled with overbought risks is behind the bearish outlook. The YFI price rally so far YFI’s price surged by a little over 47% in five days to $41,970 as traders […]

YFI price gains 46% in just four days after Yearn Finance’s $7.5M buyback

December 17, 2021

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Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100. YFI/USD daily price chart featuring its four-day bull run. Source: TradingView The gains surfaced primarily as Yearn Finance revealed that it has been buying back […]

Small Ethereum investors increase exposure as ETH loses $4K level

December 13, 2021

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Ethereum’s native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities. According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses […]

Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8

October 8, 2021

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Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Blogging platform Mirror expanded to the public market this week. Read on to discover the impact of this move for Ethereum wallet holders. What you’re about to read is a more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments […]

Solana extends rally with another new high — Why is SOL price up by 70% in one week?

September 3, 2021

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Solana (SOL) started Friday at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector. The SOL/USD exchange rate reached $146.28 for the first time in history, following a 35% month-to-date rally. The huge upside move lifted the pair’s returns for the […]

Goldman Sach’s new ‘DeFi’ ETF is anything but

July 27, 2021

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Goldman Sachs has filed for a “DeFi” ETF that will track major stocks including Nokia, Google, and Fujitsu. 4201 Total views 52 Total shares The proposed fund, dubbed the Goldman Sachs Innovate DeFi and Blockchain Equity ETF, strives to track the Decentralized Finance and Blockchain Index from German financial indices provider, Solactive. The fund will […]

Pomp sparks debate: Has Bitcoin DeFi project Sovryn really overtaken Uniswap v3 by TVL?

June 10, 2021

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Analysts are arguing whether the RSK-based Bitcoin money market, Sovryn, has a TVL of $52 million … or $2 billion. 12784 Total views 9 Total shares Sovryn, a BTC money market protocol built on Bitcoin-based smart contract platform RSK, recently appeared to be shooting up through the decentralized finance rankings. On June 9, Bitcoin commentator, […]

Understanding the systemic shift from digitization to tokenization of financial services

May 30, 2021

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The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models. It is fair […]

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Category: Decentralized Finance