Yearn.finance (YFI) fell to four digits—but are whales accumulating?

The price of YFI, the native token behind the decentralized finance (DeFi) giant Yearn.finance dropped to double-digits.
The post Yearn.finance (YFI) fell to four digits—but are whales accumulating? appeared first on CryptoSlate. …

DeFi sector’s weakness might just make it the ultimate Bitcoin hedge

The DeFi sector has been caught in the throes of a relentless selloff over the past two months, with bulls unable to gain any traction as many of the tokens sink against USD and Bitcoin.
The post DeFi sector’s weakness might just make it the ultimate Bitcoin hedge appeared first on CryptoSlate. …

This country will now buy state-mined Bitcoin to fund imports

The Irani government will now allow imports to be paid for using Bitcoin, as per a recent report in local publication ISNA.
The post This country will now buy state-mined Bitcoin to fund imports appeared first on CryptoSlate. …

Almost 1% of all Bitcoin in circulation is now used on Ethereum

One of the biggest focuses of this past year in DeFi has been the rapid rise of Wrapped Bitcoin, tBTC, and other projects that allow investors to deposit their BTC in exchange for an Ethereum-based token representing a claim on that Bitcoin.
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Harvest still has over $300M in deposits after a massive $24M exploit

After seeing its native token lose 65 percent of its value during the weekend following a massive exploit, Harvest Finance seems to have entered into a consolidation period.
The post Harvest still has over $300M in deposits after a massive $24M exploit appeared first on CryptoSlate. …

It’s do or die for DeFi: How crypto’s latest craze can save itself

Don’t be fooled by total value locked (TVL): DeFi is on life support.
The post It’s do or die for DeFi: How crypto’s latest craze can save itself appeared first on CryptoSlate. …