The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly, one of the biggest challenges currently facing the DeFi sector is security threats. This …
Continue reading “The perfect storm: DeFi hacks will advance the crypto sector moving forward”
Solana (SOL), the in-house token of decentralized computing platform Solana, continued major gains on Tuesday to become a top 10 cryptocurrency. SOL/USD 1-hour candle chart (FTX). Source: TradingView SOL becomes top-10 market cap crypto Data from Cointelegraph Markets Pro and TradingView showed SOL/USD gain another 15% on Tuesday, briefly passing $72. Against weekly returns of …
Continue reading “Solana is now in price discovery as SOL shows strength below $70 all-time highs”
A study conducted by cryptocurrency exchange and custodian Gemini says Cardano is one of the most popular crypto assets in Southeast Asia’s city-state Singapore. ADVERTISEMENT In a report titled “The State of Crypto in Singapore 2021,” Gemini surveyed 4,348 Singaporean adults, ages 18 to 65, across varying income brackets. According to the report, 67% …
Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Volatility narrows for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to exit the $46,000 range on Tuesday after heading lower as the week began. The area between …
Fitch Ratings has become the latest global credit rating agency to warn El Salvador against adopting Bitcoin (BTC) as legal tender, expressing concerns that crypto assets could cause systemic risks for the Latin American nation. Citing the country’s lack of clarity in Bitcoin’s implementation in mainstream markets, Fitch Ratings warned about the inherent volatility and …
Continue reading “Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers”
Vienna-based cryptocurrency broker Bitpanda has closed its third major private financing round led by Peter Thiel’s Valar Ventures. Raising $263 million and drawing in new investments from British billionaire hedge fund manager Alan Howard and REDO Ventures, the company is now valued at $4.1 billion. That’s three times its last valuation of $1.2 billion for …
Continue reading “Thiel’s Valar Ventures leads 3rd raise for Bitpanda at $4.1B valuation”
It is fair to say that the play-to-earn economy is booming and NFT platforms are profiting from growing demand. Developed by Sky Mavis, a Vietnamese gaming studio, Axie Infinity (AXS) surpassed 1 billion in sales and is transforming the world of gaming. With over 1 million active daily users, this cleverly positioned NFT marketplace is …
Continue reading “NFT gaming giant Axie Infinity (AXS) has grown 750x in just one year”
The crypto fear and greed index, a collective metric that estimates the current sentiment on the crypto market, remains in the “greed” zone, while most of the major cryptocurrencies entered the new week with a price uptick. The index reflects daily emotions and sentiments for Bitcoin (BTC) and other large cryptocurrencies, which are gathered and …
Continue reading “XRP, Ethereum fall as popular index flashes ‘Greed’ sign”
A Ghanaian blockchain and crypto association, Afroblocks, has warned the Bank of Ghana (BOG) to resist the urge to develop a central bank digital currency (CBDC) that is based on the “old traditional siloed financial thinking.” Afroblocks Not Consulted Afroblocks (formerly Blockchain Society Ghana) instead wants the central bank to emulate “financial projects that are …
A Venezuelan individual has reportedly purchased an apartment using cryptocurrency, specifically Tether, in the coastal state of Anzoategui last month. This is one of the first purchases of real estate with crypto that has been recorded in the country, but more properties are listed as accepting cryptocurrencies as a payment option in several real estate …
Continue reading “Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto”
On December 11, 2019, the CEO of Twitter announced the company was funding a project aimed at creating a decentralized social media standard. Jack Dorsey said that the ultimate goal of the project dubbed “Bluesky” is for Twitter to be a client of the standard. A year and eight months later, Bluesky announced that a …
Popular cryptocurrency analyst and trader Michaël van de Poppe says he is currently watching five altcoins that can potentially surge in the coming weeks. First on Van de Poppe’s list is blockchain indexing protocol The Graph (GRT) which he says is poised to end its downtrend and possibly revisit its all-time high against Bitcoin at …
Bitcoin (BTC) is getting compared to late 2020, but this rally in fact has several major differences which make it “not normal.” According to Pete Humiston, manager of Kraken Intelligence Research, Bitcoin in Q3 2021 is a different beast when compared to Q4 2020. GBTC keeps its steep discount Despite going from $29,000 to $48,000 …
Continue reading “3 ways this Bitcoin bull run is different than late 2020”
Regulators around the world continue to keep the pressure fresh on crypto businesses. Spain’s National Securities Market Commission (CNMV) is the latest to issue a warning on several crypto- and financial market-related businesses for unregistered services. According to the official document, CNMV has issued warnings on 11 entities on Aug. 16 for not being registered …
Continue reading “Spanish officials issue warning on Huobi and Bybit crypto exchanges”
Chinese multinational e-commerce firm, Alibaba Group Holding, has launched a new nonfungible tokens (NFTs) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property. The new NFT marketplace, dubbed “Blockchain Digital Copyright and Asset-Trade,” can be accessed via Alibaba’s Auction platform. NFTs launched via the platform will be issued on the “New Copyright …
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