This Ethereum coin hit $40m and retraced 75% in the 24 hours after its launch

It seems that the fears of a DeFi bear market were overblown.

The post This Ethereum coin hit $40m and retraced 75% in the 24 hours after its launch appeared first on CryptoSlate.

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Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward

The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other.

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Top VC Fears DeFi “Black Thursday” Redux Is Possible as Ethereum Congests

Ethereum has a transaction fee problem, similar to the one it and Bitcoin faced in 2017 and early 2018. On August 12th, the cost of Ethereum “gas,” how transaction fees are calculated, hit 277 Gwei.

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Jimmy Song Predicts Ethereum at $97 by Year-End, Fears PoS “Will Essentially Centralize ETH in Some Serious Ways”

Ethereum is said to be “highly undervalued” because of the role the network plays in DeFi development and it is expected to become more valuable as it migrates to Proof-of-Stake. On the contrary, a Bitcoin developer and the author of ‘Programming Bitcoin’, Jimmy Song sees Ethereum price dropping as low as $97 by the end […]

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DeFi Whales Stir up Fears of Market Manipulation

The recent overnight success of the Compound DeFi platform, along with its associated token launch, has attracted a number of crypto critics that are labeling it as nothing more than a pump and dump or a Bitconnect-like Ponzi scheme.

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