Curve (CRV) sees 150% rebound as DeFi bottoms and ETH gas fees drop
Falling Ethereum gas fees, the launch of Convex Finance and the DeFi sector reaching a potential bottom back CRV’s impressive 150% rally since May 23. DeFi tokens and protocols took a heavy hit on May 19 as Bitcoin price dropped to $30,000 and while BTC has entered what some analysts describe as a 'compression' phase, the total value locked in DeFi and the value many of the sector's tokens have yet to rebound to the levels seen before the market crash. Curve DAO token (CRV) stands among the few DeFi tokens that have seen a strong recovery over the past two weeks due to reduced Ethereum gas....
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Curve Finance’s governance token CRV (not to be confused with CURV – recently acquired by Paypal) token has shot up to $2.46 on March 2nd from its monthly low of $1.80. Even with this recent jump, there is much evidence pointing to CurveDAO still having room to increase. First, what is Curve? Curve describes itself as a place to “exchange stablecoins (DAI to USDC for example) through it with low fees and low slippage.” But […]
Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve’s front end was exploited. The attackers then tried to launder the funds via the crypto exchange Fixedfloat, and the trading platform’s team managed to freeze $200K worth of the stolen funds. Curve Finance Exploited for $570K — Fixedfloat Exchange Freezes More Than $200K, Domain Service Blamed Another defi hack was discovered on August 9, when the Paradigm researcher Samczsun tweeted that Curve Finance’s frontend was....
Via their official Twitter handle, the Ethereum-based decentralized finance (DeFi) protocol Curve Finance has confirmed a vulnerability in their nameserver or frontend curve.fi which was successfully reverted. Earlier, the team behind the project advised caution to its users and claimed an investigation has been launched to look into any potential vulnerabilities exploit. Related Reading: TA- My Neighbor Alice Could Be Set For A Major Bounce – Eyes $5 The team behind the project said: The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours,....
Ethereum, aside from Chainlink, is the best performing cryptocurrency in the top ten by market cap. The top-ranked altcoin has had enjoyed a substantial rebound from bear market lows and surged all throughout 2020 on the heels of the DeFi trend. But despite the greater crypto market recovery, one crypto analyst sees a bearish Elliott […]
Is the DeFi bubble over? Bitcoin network activity spike may indicate that attention is shifting towards crypto's largest asset. The DeFi bubble seems to be slowing down in the last months of 202, with fees and confirmation times retreating back to less formidable levels."ETH fees are way down suggesting the DeFi madness has abated for now," Josh Olszewicz, also known as CarpeNoctom on Twitter, told Cointelegraph. "DeFi cooling off, BTC HR [hash rate] way down (-16% difficult adjustment)," he also said, referring to the situation on Bitcoin's (BTC) network. Bitcoin's network action,....