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It has been quite the start of February for Ethereum, reaching a new ATH of $1726.70. The DeFi Market is also on fire, with AAVE leading the way with 80% gains the past 7 days. Uniswap has also seen a 46% price increase the past 7 days. Let's not forget about Bitcoin as it looks to reclaim the $40,000 mark.
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Ethereum has enjoyed a spectacular start to the month of February. Climbing to a new high of $1,543 in the early trading hours Wednesday. Hours later, Ether smashed the $1,600 mark, touching another new all-time high ($1,651) and breaking a key resistance level. Ethereum is up 1,700% in the past 12 months, trading for less than $100 in March 2020. …
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DeFi yield farming project Yearn Finance announced that it suffered an exploit in which $11 million was lost. "We have noticed the v1 yDAI vault has suffered an exploit. The exploit has been mitigated. Full report to follow," Yearn Finance tweeted. Yearn developer banteg, one of the administrators of the DeFi project's website, elaborated on the attack: "Yearn DAI v1 …
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Twitter CEO Jack Dorsey is officially running a Bitcoin node. He shared a tweet to his 5.2 million followers with the phrase "running Bitcoin." This is a reference to the late Bitcoin pioneer Hal Finney, who famously tweeted "Running bitcoin" on January 11, 2009. Just eight days after Bitcoin's genesis block went live and the blockchain was set in motion. …
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DeFi token Aave has turned parabolic after surging 72% over the past week. Yesterday saw the token surge by 27%, reaching the upper boundary of this price channel, and today it surged by another 45%, breaking that upper boundary and setting a new all-time high. Initially Aave rose to $480 before coming back down to rest at $445, the resistance …
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CoinGecko co-founder Bobby Ong recently shared his crypto predictions for 2021. Saying this will be the year that institutions come to cryptocurrency in a big way. Following the lead of the few companies that have already announced sizeable Bitcoin holdings on their Treasury. "I wouldn't be surprised if Tesla starts buying and holding it on a treasury," Ong said in …
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