Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Blogging platform Mirror expanded to the public market this week. Read on to discover the impact of this move for Ethereum wallet holders. What you’re about to read is a more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments …
Continue reading “Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8”
With cryptocurrencies, every time a transaction takes place, it is broadcast to every computer on the network, and this interconnected system verifies the transactions. Mining inefficiency, causing the environmental costs, threatens the notion of blockchain as a long-term enterprise solution. Thankfully, efforts are well underway towards environmentally friendly digital assets, and we are seeing rapid …
Continue reading “How to create an environmentally-friendly coin, explained”
South Korean crypto exchange volumes surpass those of its entire stock market The country is one of the biggest markets for crypto in the world and is known for its ‘Kimchi Premium.’ The month it went ballistic South Korean crypto exchanges are now processing more volumes each day compared to traditional stock exchanges, a report …
Continue reading “South Korea will not tax NFT gains even as it moves to tax crypto income”
The Fantom Foundation has announced that blockchain data analytics platform Nansen now supports the Fantom mainnet. Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallets labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with our real-time dashboards and alerts. “Nansen analytics will bring …
Continue reading “Data analytics on the Fantom (FTM) blockchain just turned easier”
The cryptocurrency shiba inu has managed to capture the 18th position in terms of crypto market valuations. The token has gained 230% during the last seven days and year-to-date, SHIB has gained a whopping 24,177,682%. SHIB’s Value Swells After Whale Buys $43 Million Worth of Tokens The popular meme-based crypto-asset shiba inu (SHIB) has seen …
The Bitcoin.com Team is excited to announce support for Ethereum-based DApps in the Bitcoin.com Wallet via WalletConnect. Earn interest on your cryptoassets, trade using decentralized exchanges, participate in NFT marketplaces and more. What is WalletConnect? WalletConnect is a bridge that securely connects DApps to crypto wallets. Once you’ve approved the connection between your wallet and …
Continue reading “Bitcoin.com Wallet Adds DApp Gateway WalletConnect”
According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries. Regulated Fintech Ecosystems Attract Investors Explaining the key role that regulation has played in …
Continue reading “Regulation Key to African Fintech Sector Growth — New Study”
The rise in ransomware attacks over the past year has now forced the United States to increase its efforts in fighting these attacks. The Justice Department is now creating a new task force to crack down on hackers using digital currencies to conduct their attacks. Ransomware Attacks using Digital Currencies A recent publication by Bloomberg …
Orlando Bravo, the co-founder of Thoma Bravo, has stated that his firm will soon invest in companies involved in the blockchain sector. This announcement comes a week after Bravo stated that he was bullish on Bitcoin. Thoma Bravo Investing in Blockchain Orlando Bravo was speaking during the Bloomberg Invest Global virtual conference on October 7. …
Continue reading “Billionaire Orlando Bravo’s Firm Plans to Invest in Blockchain Tech Firms”
State Duma, the lower house of the Federal Assembly of Russia, is planning to boost investor protection measures regarding crypto investments. This legislative body plans to implement regulations that will govern the trade of digital assets, given that they are a highly risky financial tool. Legislators Concerned over Risky nature of Crypto A local publication …
Continue reading “Legislatures in Russia Agree to benefits of Crypto, but Call for Regulations”
US Senator Cynthia Lummis has long been known as a major supporter of the cryptocurrency industry, and according to a recent filing, that much is definitely true. The Republican senator just disclosed a major Bitcoin purchase that will help grow her stake in the industry. The filing reveals that Lummis bought between $50k and $100k …
Continue reading “Crypto-supporting Senator Cynthia Lummis bought up to $100k worth of Bitcoin”
The pseudonymous host of crypto outlet Coin Bureau is sharing price analysis on altcoins Solana (SOL) and Algorand (ALGO). In a new video, the analyst known as Guy tells his 1.41 million subscribers that the price of Algorand could hit new highs in the coming weeks. ADVERTISEMENT “ALGO’s historical price isn’t pretty. This is …
Shiba Inu (SHIB) has emerged as one of the best investments heading into the fourth and final quarter of 2021, with its price rising by over 390% in the first week of October. Nonetheless, the spin-off meme cryptocurrency now risks wiping most of those gains in the coming sessions. Yuriy Bishko, a Ukraine-based market analyst, …
Continue reading “‘Much ow’ ahead? Dogecoin chart fractal puts Shiba Inu’s 390% QTD rally in danger”
Bitcoin (BTC) faced stiff resistance near previous highs on Oct. 8 as a fresh push over $56,000 quickly ended. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buying the dip? $53,000 is “logical” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it came off four-month highs of $56,150. The area near $58,000, which had …
As the decentralized finance (DeFi) market continues to pique the interest of investors across the globe, a few incidents have shone a major spotlight on the vulnerabilities various platforms operating within this space are continually exposed to. For example, it has recently been unveiled that due to a buggy system upgrade, prominent DeFi money market …
Continue reading “Compound crisis averted? Securing exposed COMP could be just the start”
