Things are hopefully about to speed up and get cheaper in Ethereum land, as Synthetix, the synthetic asset issuance protocol, deployed its staking code from Ethereum to Optimism, a Layer 2 scaling solution on Jan. 15.  Now, users can migrate their Synthetix Network Tokens (SNX), used to mint the protocol’s synthetic assets, to Optimistic Ethereum’s…

As decentralised finance protocols (DeFi) take on a more prominent role in driving total cryptocurrency market cap, Kyber Network eyes the $2 high last seen in August 2020. Currently exchanging hands at $1.33 (Binance), KNC surged 35% in 7 days. The KNC token had been in a period of consolidation since October, but the tables…

It’s time to buy a fire suit, because ETH is super hot. As Ether makes headlines surging past its previous high, other less flashy metrics are also near records, signaling the Ethereum network is strengthening not just in price. ETH hit a new all-time high of $1439.33, topping the previous record of $1432.88 reached during…

There are multiple ways with varying difficulties and requirements to stake your ETH. This week we’re covering the most user-friendly, easiest, and fastest ways to start staking.

Joe Biden’s new SEC chair may be, if not an advocate, at least very knowledgeable on blockchain technology. President-elect Joe Biden will be appointing MIT professor Gary Gensler as chair of the U.S. Securities and Exchange Commission, Reuters reported. Gensler is a Professor of the Practice of Global Economics and Management at MIT’s Sloan School…

Chainlink has fallen out of favor in the last few months, possibly due to the parabolic run-up it enjoyed in mid 2020, but the worst may be over. LINK’s supply ratio has been transitioning off exchanges ever since it reached a peak price of $20 in early August, on-chain market analytics firm Santiment revealed. .…

Ethereum Improvement Proposal 1559, a long awaited update to Ethereum’s core codebase, was rumored to be ready for deployment yesterday in a leaked Discord conversation on Twitter. The proposal aims to change Ethereum’s transaction fee mechanism to improve user experience and reduce ether inflation. Most Significant  As EIP-1559 is viewed by the broader Ethereum community…

Yearn Finance founder and prolific DeFi builder Andre Cronje posted a part two to his initial post “Building in #DeFi sucks.” And while they didn’t say it sucks, other prominent founders in the space agreed that the pressure is on. Cronje’s post offered a glimpse into the intense pressure that’s put on developers, especially in…

Notional Finance has come out of stealth with $3M in liquidity following a closed beta over the past quarter. Notional users can lend and borrow the stablecoins DAI and USDC at fixed rates using ETH or WBTC as collateral. A 10k USDC loan has a fixed APR of 4.27%, while a 10k USDC deposit has…

While half of America likely cheered the deplatforming of Donald Trump, crypto was calling for decentralized social media. Facebook and Twitter have banned the President from their networks, while Google and Apple have taken rightwing social network Parler, off their app stores with Amazon also pulling its web services from the app, taking it offline.…