With too much instability in the economy and the future of cryptos up in the air, news that can stop the descent will continue to be hard to come by. Harvest Finance's seen a decrease of -48 over the past year. After a sudden collapse of more than 60, Harvest Finances FARM token has stabilized at around 100 110, for the time being. Today FARM is trading for 21.37, which is slightly up from yesterday's trading price of 21.46. Harvest Finance is a highly volatile asset capable of major price swings in a single day. This leaves crypto with no proven valid uses, besides speculation, and companies that are already working through supply-chain nightmares and worried about rising interest rates, are unwilling to risk experimenting with unproven technology.Ĭryptos need regulation so companies can take on the risk of new technology - if they so please. Harvest Finance (FARM) is in the top 1,000 cryptocurrencies by market cap, valued at 14,315,040. Fading from this area, FARM-USD will be trying to stay above 200. We have maintained for a long time now that government validation of the technology would be a huge bonus for cryptos, despite the increased scope of regulation that would surely follow, but that actually assumes validation.Īs companies have their back against the wall - creating the perfect opportunity for a crypto company to actually prove its worth - crypto companies have been unable to step up to the plate. Harvest Finance Crypto approached the 300 level this morning, which has been resistance. There is a lot of research going into cryptos right now by regulators, which means it's figuratively on the docket, but regulation is nowhere near being on an actual calendar of any kind, at least in the U.S. Recessions and hard times tend to automate a lot of jobs away, but following President Biden’s crypto executive order, crypto’s future has its head on the regulatory chopping block. The transportation company that owns the bus involved in a fatal crash in New York this week while bringing high school students to a band camp was listed as an unacceptable operator by the. The economic attack in question was performed through the curve y pool, stretching the price of stablecoins in Curve out of proportion and depositing and withdrawing a huge amount of assets through Harvest. 6:20 AM EDT 2 min read Harvest Finance Attacked, Over USD 20M Lost, FARM Down 50 Another decentralized finance (DeFi) project, Harvest Finance, has suffered a flashloan attack that lasted for seven minutes, with reportedly at least USD 24m exploited. Regulation - or the lack thereof - is likely a major concern for corporations and a cause for them choosing to shy away from adopting new technology during hard times (assuming those technologies can actually add value, that is). Harvest Finance (harvestfinance) October 26, 2020.
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