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It’s Been a Killer Week for 'Ethereum Killers'
Markets

It’s Been a Killer Week for 'Ethereum Killers'

This is shaping up to be a killer week for so-called “Ethereum killers.”  Of the 100 largest tokens in terms of market capitalization, seven of the top ten biggest gainers in the last week are smart contract platforms, according to CoinGecko. Eleven of the top 15 smart contract platforms are up double digits on the…
The Bulls are Back Despite Crypto’s Washington Woes
Markets

The Bulls are Back Despite Crypto’s Washington Woes

The crypto rally is raging even as regulation that has the potential to clampdown on the industry looms in the U.S. Digital assets are up across the board — Bitcoin has surged 14% in the last seven days, hitting a high of $46,704 in the last 24 hours before settling around $45,000 in early morning…
Bear Market Blues
Markets

Bear Market Blues

The crypto market faced one of its significant drops this week. In this video we conduct a narrative analysis across different sources to try to understand why the drop happened and where we go from here.
Eco-Friendly Chia Network Gets Elon Musk Boost
Markets

Eco-Friendly Chia Network Gets Elon Musk Boost

The Chia network and its XCH cryptocurrency got a boost from Elon Musk’s recent lambasting of Bitcoin’s energy consumption.  Last week, Chia was trending on Twitter and in the five days since May 12  ̶ when Musk tweeted that he would no longer be accepting Bitcoin as a payment mechanism for Teslas because of Bitcoin’s…
Crypto Recovers From Elon Dump Led by Proof-of-Stake Coins
Markets

Crypto Recovers From Elon Dump Led by Proof-of-Stake Coins

Energy-efficient blockchains are leading the crypto rebound after Elon Musk, Tesla CEO, shocked the crypto world yesterday saying the car manufacturer “has suspended vehicle purchases using Bitcoin” because of the fossil fuels needed to run the network.  Cryptocurrencies running on the Proof-of-Stake consensus mechanism, which is more energy-efficient than Bitcoin’s Proof-of-Work mechanism, make up six…
Crypto’s Top 10 Gainers Show Little Non-Speculative Demand
Markets

Crypto’s Top 10 Gainers Show Little Non-Speculative Demand

Of the top 100 coins and tokens by market cap, the 10 biggest gainers of the week are a bit surprising. As of May 11, the list includes four smart contract platforms with difficult to discern adoption and four tokens with equally questionable utility. In the lead, up 204% on the week, is Telcoin. The…
DeFi is Deleveraging After Liquidations
Markets

DeFi is Deleveraging After Liquidations

Crypto markets experienced a severe correction over the weekend, with most assets dropping double digits. While difficult to pinpoint a specific cause for the drop, it is evident that the high amounts of liquidations arise from an overleveraged market.  Both derivatives markets and decentralized lending markets experienced tumultuous action during the weekend. On-chain activity points…
Ethereum Berlin Upgrade Ships Tomorrow Aiming to Reduce Gas Costs
Markets

Ethereum Berlin Upgrade Ships Tomorrow Aiming to Reduce Gas Costs

The Ethereum Berlin hard fork ships tomorrow. The upgrade contains four Ethereum improvement proposals (EIPs) mainly aimed at optimizing gas costs, and is the first of its kind since Muir Glacier shipped on Jan. 2 2020. “Hard forks” are a result of distributed networks like Ethereum upgrading or making changes in their software. Node operators…
Bitcoin's “Kimchi Premium” Just Blew Up to the Highest Since 2018
Markets

Bitcoin's “Kimchi Premium” Just Blew Up to the Highest Since 2018

The so-called “Kimchi Premium,” the difference between Bitcoin’s price on South Korean exchanges versus the international price spiked to 23% before dropping to roughly 14% at the time of writing. This meant that BTC traded for almost $70K on Apr. 5 in South Korea, while the price was around $58K internationally. The 23% peak is…
Filecoin Rallying The Most Among Largest Crypto Tokens
Markets

Filecoin Rallying The Most Among Largest Crypto Tokens

Filecoin’s token is soaring by the most in all of crypto.  FIL  has jumped 168% to $231 in the last week, the most among the top 100 tokens listed on CoinGecko. The project raised $52M in a presale and $205.8 million dollars in an ICO during the 2017 crypto boom only to largely fall off…