Yearn Finance is up nearly 45% in 24 hours, and it appears to be thanks to the team’s new dog token offering a bi-directional peg to YFI.
The cryptocurrency paradigm was heralded by the launch of Bitcoin (BTC) in 2008, inspiring a new technological and social movement. The goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security.
A cryptocurrency monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties such as central banks, corporations or governments. Cryptocurrencies are powered by cryptographically secure, verifiable transaction databases called blockchains, which provide their security and transparency.
A cryptocurrency network consists of a global community of stakeholders, including the validators that secure the network while adding transactions to the blockchain, the traders who speculate on these radically market-driven assets, and the builders working to onboard people to this new financial paradigm.
At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
YFI, EOS and REV notched double-digit rallies as altcoins capitalized on the oversold bounce in Bitcoin and Ethereum price.25845
Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark.31098
Ethereum price soared to $4,200 but derivatives data reflects a decline in the bullish sentiment of Ether futures and options traders.22662
An established crypto project has revealed how it plans to ensure blockchain games are as popular and playable as old-fashioned titles that dominate the market.2764
Lawmakers are reportedly planning to cut taxes on Bitcoin gains in half, possibly as early as 2022.11847
A new NFT marketplace plans to make tokenized art and media real, putting it on things like T-shirts and hats, and even 3D printing them.3517
A new capital gains tax scheme on crypto trades is still being discussed, according to a tax official.15449
Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market.9191
The “Dogefather” may greenlight Dogecoin as an acceptable payment method for Tesla vehicles.16662
Nebraska senators have favored a measure that would allow state banks to facilitate crypto transactions like those in Wyoming.10395
Although Dogecoin’s futures volume tripled, the recent 42% price dump appears to be entirely retail-driven.56257
CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it's even listed on major exchanges.43826
A crypto-focused freelancing site is encouraging talented artists and illustrators to start offering their services to those who want to create an NFT.3826
Ethereum's increasing dominance has kept traders focused on altcoins but Bitcoin's struggle to hold above $59,000 could send the entire market tumbling.33091