Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high

Ethereum miners’ hourly revenue has hit a five-year record, with fees currently bringing in 2,275 ETH ($880K) per hour. The spike was triggered by yesterday’s announcement that Uniswap would airdrop it’s governance token UNI to past users of the decentralized exchange. Following the UNI announcement, more than 70,000 users rushed to claim free tokens and the gas price surged past 700 Gwei. Crypto analytics firm Glassnode tweeted that fees had topped $1 million in an hour: Following UniswapProtocol’s announcement of the $UNI token today, #Ethereum saw a massive surge in…

Uniswap Token UNI Officially Live and Listed by Binance and Coinbase Pro

1 billion Uni Tokens will be made accessible to four groups of people over a period of four years. Interestingly, it took just a few hours after its launch for Coinbase Pro and Binance to list it. Uniswap, a DeFi protocol platform has officially launched its long-awaited token (Uni Token) today with a positive response from its community. Interestingly, it took just a few hours after its launch for Coinbase Pro and Binance to list it. This has been said to be a huge blow to its rival, Sushiswap which…

Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum

Coinbase and Circle Centre Consortium have expanded USDC from Ethereum to Algorand’s blockchain as part of its multi-chain USDC framework—to bring scalability and performance improvements to the digital dollar stablecoin for global consumer payment adoption. The Coinbase and Circle Centre Consortium which oversees the governance of the US Dollar Coin (USDC) has released a mainnet implementation of the stablecoin on the Algorand blockchain. The additional support of Algorand is to ensure USDC has the flexibility to support everything from emerging DeFi projects to large-scale financial institutions as an official chain…

Coinbase Censored By Apple | Blockchain News

Some features within the Coinbase app have been restricted for IOS users, sparking further discontent about the ‘pay-to-play’ model adopted by Apple. Apple Inc. has received criticism over restrictions on the Coinbase “Earn” feature that allows users to earn free cryptocurrency by watching educational videos and answering questions correctly in a quiz. Coinbase CEO Brian Armstrong published a string of tweets last week, giving insight into some of the struggles with Apple’s App Store and in-app purchases as the discussion around Apple’s restrictions on app functionalities evolves. Apple has prevented…

Yearn Finance’s YFI Reclaims $40K after Coinbase Listing

Yearn Finance’s governance token, YFI, closed above $40,000 during the early trading session on Monday. The YFI/USD exchange rate established an intraday high at circa $42,425 following a 13.74 percent rally. The strong upside move appeared despite a lackluster bullish trend elsewhere, with top cryptocurrencies Bitcoin and Ethereum trading under the weight of sellers. YFI too experienced a sell-off near its session top. Traders booked their intraday profits, causing the cryptocurrency to plunge lower by 8.50 percent during the European session. Nevertheless, a support level lurking around $38,990 protected the…

Apple forces Coinbase to change its crypto products, says CEO

Brian Armstrong, the CEO of United States cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in crypto and sidelining DeFi to protect itself from competition. In a Twitter thread published on Sept. 11, Armstrong doubled down on his earlier claims that Apple continues to block some functionalities for cryptocurrency developers.  The CEO alleged that other cryptocurrency firms are “reluctant to speak out on these topics for fear of retaliation,” but that he feels the need to speak out as Coinbase has exhausted regular channels for dialog with Apple and…

YFI Reclaims Support Post Coinbase Listing, New All-Time Highs In Sight

Yearn.Finance, most commonly referred to as YFI, is one of the hottest DeFi tokens this year and trades at prices three to five times as much as Bitcoin itself. The incredible success story appears to be ready to climb to higher heights, after reclaiming two important supports following the recent Coinbase listing. Yearn.Finance Has Plenty of Fuel Left In The Tank Despite Recent Crypto Market Pitstop There have only been very few and far between rags to riches stories in the crypto market since the bubble burst years ago. Even…

Yearn.finance YFI soars to $33K after Coinbase listing — is $40K next?

One of the hottest cryptocurrencies in recent weeks has been Yearn.finance (YFI). The project fundamentals are food for thought, but its price is also a relatively new approach in the cryptocurrency markets, with YFI valued at over $30,000 per YFI, or three times the price of one BTC, albeit with a much smaller market cap.  Nevertheless, it has caught the attention of traders and its price also surged in the past few days after Coinbase Pro announced on Sep. 10 that it will list the token shortly. Yearn.finance tests support…

Coinbase Pro to Launch YFI Trading Support Next Week

Beginning next week, yearn.finance’s token is set to be available for trading on Coinbase Pro. Recently, the platform has added a number of new tokens, including UMA, CGLD, OMG, NMR, MKR, BAND and COMP. According to the Californian crypto exchange Coinbase‘s announcement on Thursday this week, Yearn.Finance (YFI) will be listed on Coinbase Pro on September 14. Although inbound transfers of YFI to Coinbase Pro will be accepted on that Monday, full trading is intended to occur from Tuesday, September 15, beginning at 9 AM Pacific Time (PT). Per CoinMarketCap…

Yearn.finance (YFI) Just Surged 20% Due to Coveted Coinbase Listing

In what has to be one of the fastest turnarounds ever, Yearn.finance’s YFI token is being listed on Coinbase just two months after its launch. The leading decentralized finance coin, which is currently the only one with a market capitalization over $1 billion, was just revealed to have garnered a coveted Coinbase listing. On September 10th, the official Twitter account of Coinbase Pro wrote: “On Monday September 14, our YFI-USD order book will enter transfer-only mode, accepting inbound transfers in supported regions. Orders cannot be placed or filled. Trading will…