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The "SUSHI rug pull" is a gripping drama in the fast-moving arena of decentralized finance, which apparently is still limited to crypto geeks.
Crypto traders appeared to be buying the dip after Thursday's 11% plunge. ALSO: There's a contract for that: How to hedge Tether's credit risk.
Cryptocurrency analysts attributed the drop to a combination of risk-off sentiment in traditional markets, DeFi exhaustion and miner selling.
The growing number of long-term bitcoin investors might be the cryptocurrency's most simple bullish indicator – more so than "600,000 asteroids."
The price plunge came after reports traders were selling an elevated level of bitcoin to exchanges for potential liquidation.
Bitcoin is down amid negative news from South Korea, but Uniswap has shot to the top of the DeFi rankings.
Yearn.finance's YFI token, which looked like another inside DeFi joke when it launched in July, dominated the August return rankings.
Huobi is taking on OKEx in the business of bitcoin futures trading, opening a new front in the ongoing rivalry between the two Chinese-led exchanges.
Traders are getting better fills due to shrinking bid-ask spreads on Binance and other cryptocurrency exchanges. It's a sign of a healthy market.