The 3 Factors Fueling Ether’s 2020 Rally
Several factors could explain ether’s spectacular gains and determine whether they will continue.
DeFi lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug over the weekend.
Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks.
As some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.
Lenders and depositors are coming back to bZx, as the decentralized protocol for margin trading offers significantly higher yields on ether deposits compared to its peers.