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…

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…

Celo price spikes 32% after Coinbase listing

Coinbase, the largest cryptocurrency exchange in the United States, will now offer support for Celo — an announcement that led to a 32% price surge in less than two hours. According to a Sept. 3 blog post from Coinbase, the exchange now supports the utility and governance token for the Celo platform. Coinbase this week also announced that UMA would be available for trading on Coinbase Pro starting on Sept. 8. The exchange appears to be prioritizing support for tokens for projects in which it is invested. Coinbase currently holds…

Uniswap surpasses Coinbase Pro in daily volume

Uniswap, the most widely-used decentralized exchange (DEX) on Ethereum, surpassed Coinbase in daily volume on Aug 30. The explosive growth of the Decentralized Finance (DeFi) market has pushed many avid investors to DEXes over centralized exchanges. The volume of Uniswap in the last 24 hours. Source: Uniswap According to the data from Uniswap, the platform processed $426 million in 24-hour volume. In the same period, Coinbase Pro saw $349 million in volume, according to CoinMarketCap data. Why is the popularity of Uniswap rising so rapidly? Since June, the total value…

Celo explodes on Coinbase Pro listing announcement

Major U.S. cryptocurrency exchange, Coinbase Pro, has announced it will list the native token of blockchain platform Celo (CELO). Other Celo markets have responded enthusiastically, with the coin gaining roughly 55% over both USD and BTC over the past 24 hours as CELO rocketed into new all-time highs above $2.70. As of this writing, CELO is changing hands for $4.45.   CELO/USDT – Bittrex – 1D: TradingView Coinbase Pro will begin accepting CELO deposits from August 31, with trading slated to commence from 9 am PT on September 1, subject…

Coinbase Custody users can now stake Solana

Blockchain infrastructure provider Bison Trails has expanded its integration with Coinbase Custody to allow the staking of Solana tokens. In an Aug. 27 announcement, Bison Trails stated that Coinbase Custody users would be allowed to delegate Solana (SOL) tokens to Bison Trails’ enterprise-grade validators.  Bison Trails has offered support for Solana — a layer-one blockchain solution that aims to provide high scaling without sharding — since March, allowing token holders to run their own validators or delegate to the Bison Trails validator. In April, the infrastructure platform first collaborated with…

Coinbase CEO Says Apple Still Hostile Toward Crypto

Coinbase and Apple are still not getting along months after Coinbase warned customers it might remove an application from the Apple Store.  Coinbase CEO Brian Armstrong tweeted on August 22 that Apple continues to block some functionalities for cryptocurrencies, including being able to earn money and unrestricted decentralized applications (dApp) browsers. He said:  “Apple has been very restrictive and hostile to cryptocurrency over the years. They’re still blocking some functionality right now, including the ability to earn money with cryptocurrency by completing tasks, and unrestricted dapp browsers.” In December, Coinbase…