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…

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…

Cheese Bank is Making an Upgraded Compound for Everyone

Place/Date: – October 10th, 2020 at 2:19 pm UTC · 5 min read Source: Cheese Bank In 2020, DeFi is quietly causing changes in the distribution of global wealth. the real benefits will be felt by users in developing countries more so than anywhere else.With just a smart phone and an internet connection, people from all over the world have the ability to gain exposure to invaluable resources without restriction. Makerdao, which has gradually attracted attention, provides the concept of liquidity, leverage mechanism and revenue amplifier. Compound, which was launched…

Eminem Fans Have Made The Rapper Known More For Gimmicks Than Music

Eminem is often cited as one of the greatest rappers of all time. Yet, the behavior of his fans and other bizarre hangers-on have made the news more than anything musically that the rapper has done. Perhaps it’s time to stop with the “stan” behavior and start focusing on what made Marshall Mathers famous in the first place. Eminem is often cited as one of the greatest rappers of all time. Whether you like his music or not, he has changed the face of hip hop. Despite this, he hasn’t…

Buying Bitcoin Locally vs Online: Which Bitcoin of America Method is Best for You?

With a second stimulus check due, now is the time to start thinking of your financial future, with the opportunity to buy bitcoin at a time when many people are predicting its continued rise in its value. You may have already seen a Bitcoin of America ATM in a local store and been impressed by their convenience, or talked to a local store keeper about buying bitcoin using the handy bitcoin tablet service. Alternatively, you may want to purchase bitcoin or Litecoin online via the Bitcoin of America online trading…

Bitcoin runs crypto markets, but DeFi tokens don’t follow its lead

Decentralized exchanges have been around for a while now, but it’s only been since the grip of decentralized finance mania has taken hold that they’ve come into their own. The growth in DEX use has been nothing short of exponential, with volumes pretty much doubling in August and September compared with the preceding months. But is volume alone telling the whole story? Amid the DeFi frenzy, some of the biggest winners have been DeFi governance tokens. Kicking off with Compound’s COMP token in June, other projects that followed suit have…