Crypto VC that thinks Ethereum will hit $1 trillion market cap admits it will have competitors

Ethereum has been the leading smart contract blockchain of the past few years without a doubt: its decentralized applications currently have tens of thousands of daily active users, which have siphoned over $10 billion worth of cryptocurrency into these apps.
The post Crypto VC that thinks Ethereum will hit $1 trillion market cap admits it will have competitors appeared first on CryptoSlate. …

Why analysts are concerned with Yearn.finance (YFI) following EMN debacle

YFI – the governance token of the Yearn.finance ecosystem – has been plunging lower throughout the past 24 hours, with it reverting nearly all of its recent gains as buying pressure begins evaporating.
The post Why analysts are concerned with Yearn.finance (YFI) following EMN debacle appeared first on CryptoSlate. …

Synthetix Network Token (SNX) rebounds as on-chain strength flourishes

Synthetix Network Token’s price has seen some volatility over the past couple of days, with inflows of selling pressure coming about due to the massive amount of SNX tokens stolen due to the recent KuCoin hack.
The post Synthetix Network Token (SNX) rebounds as on-chain strength flourishes appeared first on CryptoSlate. …

Data shows over 100 million unique users now have Bitcoin and crypto accounts

A new report commissioned by the Cambridge Center of Alternative Finance, a research effort focused on cryptocurrencies, said over 101 unique million users opened new accounts at crypto service providers such as exchanges and wallets.
The post Data shows over 100 million unique users now have Bitcoin and crypto accounts appeared first on CryptoSlate. …

This DeFi trend suggests crypto will reach a market cap in the trillions in the future

While Bitcoin, Ethereum, and other crypto-assets have seen parabolic growth over recent years, they’re far from relevant on a macro scale.
The post This DeFi trend suggests crypto will reach a market cap in the trillions in the future appeared first on CryptoSlate. …

Bitcoin basher Nouriel “Dr. Doom” Roubini brands $13b DeFi industry “vaporware”

The decentralized finance space has seen a parabolic explosion since the start of 2020.
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