Ethereum miners made 450K ETH from high network fees during DeFi peak

Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees.  Miners took home 450,089 ETH in fees ($168.7 million) and this represents a 39% increase over last month in which miners made roughly $113 million in fees. During the same period, Bitcoin miner revenue from fees not only paled in comparison but actually decreased. BTC miners…

$11,800 Is the Crucial Bitcoin Level to Be Watching Moving Forward

Bitcoin has been pressing higher over the past 72 hours as the U.S. dollar finally began to lose traction after a relief rally. The leading cryptocurrency currently trades for $11,350, a price far above the weekly lows around $10,400. At the highs seen on Friday evening, BTC traded almost as high as $11,500 — a pivotal resistance level in the near term. Analysts say that the cryptocurrency still has crucial resistance levels above the current price. One analysis suggests that Bitcoin must confirm $11,850 as support in the near future…

OneCoin movie starring Kate Winslet coming soon

Even as the OneCoin Ponzi scheme makes its way through the courts, a movie about it is now in development with a Titanic lead star.  As reported by Deadline, Kate Winslet has signed on to star and produce Fake!, a movie based on an unpublished book by Jen McAdam and Douglas Thompson. McAdam, a victim of the OneCoin scheme, will be a producer on the film.  Fake! will be written and directed by Scott Z. Burns, who helmed The Report, a political drama based on the CIA’s report on torture…

Hegic v888 Launch Ushers in Staking and Liquidity Mining Opportunity

Share this article Decentralized options platform Hegic today launched its beta mainnet following an audit from Peckshield. The launch marks the beginning of staking lots, allowing users holding 888,000 HEGIC tokens to begin earning lucrative rewards. Hegic v888 Adds Staking Rewards Hegic token holders with a balance above 888,000, more than $120,000 at press time, can now stake their holdings in lots. Hegic lot owners will earn 1% in fees on the options users buy to hedger their crypto trades. These owners are also responsible for governing the protocol. With…

“Cycle Lows” For Chainlink May Be In, Expect $14 Next

Chainlink (LINK) has experienced a strong decline after peaking at around $20 in August. At the recent lows, the coin traded around as low as $8, meaning that it had declined by 60%. LINK may be poised to revert to its bullish stance though as the coin forms a bottom formation, analysts say. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch Chainlink May Soon Move Higher a Bottom Formation Appears Chainlink is likely poised to continue its ascent to the upside in the near future, analysts…

Payments firm Rocketfuel Blockchain sues co-founder over expired patents

Blockchain payments company Rocketfuel Blockchain is suing its co-founder for allegedly misrepresenting patent applications and defrauding the firm.  In a complaint filed with the Central District Court of California, Rocketfuel claimed its co-founder and former treasurer Joseph Page hid the fact that patents he transferred to the company had expired. The company is seeking damages of at least $5.1 million.  According to Rocketfuel, Page transferred patent applications to the company in March 2018, thereby relinquishing his rights to the patents. These patents were for several payment processes for Rocketfuel’s blockchain…

Yearn.finance (YFI) gains 36% as DeFi tokens follow Bitcoin’s bullish trend

In the past 72 hours, Yearn.finance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges.  Three factors that may have catalyzed the sharp rebound are: YFI had become deeply oversold, lead developer Andre Cronje’s deep commitment to the project and the ever expanding use cases for YFI within a large ecosystem. YFI was deeply oversold Over the past month DeFi tokens endured a brutal correction which saw the value of many DeFi tokens drop by 40%-70%. The sell-off appears to be primarily led by…

After Tether, ZK Rollup Adds Curve Finance for DeFi Implementation 

Key Takeaways Matter Labs launched zkSynca  Layer 2 smart contracts testnet with Curve as the first “resident dApp.” Curve has a total value locked (TVL) of $1.07 billion, at press time.  Matter Labs also introduced a new programming language called Zinc for writing smart contracts.  Share this article Matter Labs’ Layer 2 solution will enable smart contract capabilities on Ethereum using ZK rollups. Until now, Optimistic was the leading DeFi implementation.  ZK Rollup Gets Ready for DeFi  Curve Finance, a decentralized platform for stablecoin swaps, is the first to experiment…

DeFi Project Spotlight: Polkastarter, Polkadot’s Uniswap

Key Takeaways Polkastarter is a decentralized exchange akin to Uniswap, but built on Polkadot. The team hopes to capitalize on Uniswap’s popularity and improve on the Initial DEX Offering model. The Ethereum-based beta version is expected to launch this winter, followed by a full launch on Polkadot next year. Share this article Polkastarter is a decentralized exchange (DEX) akin to Ethereum’s Uniswap. But as popularity for current DEXes has risen, many platforms have become cumbersome to use. Long wait times for trade execution, high slippage, and exorbitant fees were common…

Bitcoin Edges Towards $11,500 Less Than a Month Before U.S. Elections

Key Takeaways Bitcoin has crossed the $11,100 resistance setting sights at $13,800.  The number of non-zero Bitcoin addresses made a new all-time high (ATH) with over 31.5 million addresses.  On-chain and exchange activity for Bitcoin is also indicating further upside.  Share this article Bitcoin’s price has blown past $11,000, with a 6.53% increase in the last three days as anticipation of another bull run mounts. The move comes with the American elections just 23 days away. Bitcoin’s Technical Breakout Since the beginning of this month, BTC’s price has faced two…