Vesper Finance, a recently launched DeFI yield suite co-founded by former Bitcoin core developer Jeff Garzik, has surpassed a TVL of $1 billion within six weeks of launching on mainnet. Garzik, also an executive of blockchain technology firm Bloq Inc, tweeted the news on March 23 while also revealing the team had open-sourced its smart
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That’s about 10X more hopefuls than are likely to secure tokens in the sale. It’s the first of three phases to Casper’s token sale and commenced on March 23 at midnight UTC. Investors are competing for 800 million CSPR tokens at prices of $0.015, with the tokens subject to a 12-month lock-up. Participants are limited
Every bull market is marked by a particular trend which which catalyzes and sustains the uptrend in asset prices. In late 2020 Ether (ETH) led the way as the network saw a surge in activity due to the growing popularity of the decentralized finance (DeFi) sector and the expectation that the altcoin would rally into the
It really doesn’t seem like the decentralized finance sector is planning to slow down its development in 2020. Interest in the sector is still growing despite high Ethereum transaction fees, and the total value locked in the space continues to break all-time highs, recently reaching $51 billion. 1inch is a decentralized exchange, or DEX, aggregator
Bitcoin (BTC) continued to face strong resistance at the $60,000 level on March 19 as bulls spent the day climbing back from an early morning drop which briefly pushed BTC into the sub-$56,500 range. Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of
Ripple has appointed a former Uber executive to lead its expansion into the Southeast Asia region, the firm announced on March 18. Brooks Entwistle joins Ripple after serving as Uber’s chief business officer, leading the firm’s growth and navigating regulatory issues throughout the Asia Pacific. The new managing director of Ripple’s Southeast Asia wing had previously
Chainlink (LINK) has had a pretty rough month, dropping as much as 45% after marking a $37 all-time high on Feb. 20. While the recent losses may look surprising when compared against other altcoins’ gains, LINK still managed to rally 640% over the past nine months. Therefore, there should be no reason to interpret the
Non-fungible tokens (NFTs) continue to take the world by storm as evidenced by the March 16 announcement that Sotheby’s would be entering the NFT game by facilitating the sale of tokenized art by the anonymous artist known as “Pak.” The latest cryptocurrency project to receive a boost from NFT related activities is Everipedia (IQ), a blockchain-based
A software update released by Nvidia inadvertently bypassed the Ether (ETH) mining block the firm placed on its own GeForce RTX 3060 graphics card. A spokesperson for Nvidia confirmed on Tuesday that the latest 470.05 driver update was mistakenly released with code intended for use only by Nvidia developers, which allowed for the removal of
Bitcoin price sold off on March 15 as bears pushed the price back into the mid-$50,000 range a few days after (BTC) hit a new all-time high above $61,000. Data from Cointelegraph Markets and TradingView shows that Bitcoin price dropped as low as $54,600 and at the time of writing, buyers have not stepped in to arrest
Bitcoin (BTC) missed hitting a new all-time high on March 11 by just a whisker as Oracle Corporation denied rumors that it had purchased about 72,000 Bitcoin. This suggests that traders could be looking for signs of greater institutional adoption to boost Bitcoin’s price further. One of the main factors that may have kept several
Decentralized exchanges have continued to increase their market share, spurred on by high Ethereum gas prices, a rapid release of decentralized token sales, and layer two networks incentivizing developers to make their protocols accessible to users on different networks. The latest findings by Covalent in Cointelegraph Consulting’s biweekly newsletter indicate that the top DEXs on
Nonfungible tokens (NFT) have risen in popularity over the past couple of months as stories of record-setting multi-million dollar auction sales begin to emerge on a daily basis. While projects like Cryptokitties, Axie Infinity (AXS) and Aavegotchi (GHST) are some of the well-known NFT tokens in the space, several new platforms have burst onto the
Payments-focused crypto project Dash (DASH) is officially launching its Ethereum DeFi bridge. According to an announcement issued on Wednesday, the foray into decentralized finance is made possible via a partnership with DeFi gateway protocol StakeHound and will see Dash holders able to interact with DeFi protocols on the Ethereum chain. Dash holders will be able
Since March 1, 2020, the number of new Bitcoin ATMs installed worldwide is nearing 10,000. According to the latest data from Coin ATM Radar, the current number of machines stands at 16,835, a strong 57.5% increase, or 9,683 new machines, as compared with 7,152 last year. Back in Nov. 2020, Cointelegraph had reported a striking year-on-year increase
While Bitcoin (BTC) and major altcoins tend to garner most of the attention from investors, there are several projects that aim to bring greater decentralization, transparency, accountability and financial inclusion to society and businesses. For the past few months, Cointelegraph has been identifying such projects extensively and several of the tokens recently highlighted have seen