In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible tokens (NFT), crypto indices, insurance products and decentralized options markets. The total value locked (TVL) in the DeFi sector across all chains has grown from $18 billion at the beginning of …
Continue reading “3 things the crypto sector must offer to truly mainstream with TradFi”
As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility. Notably, Bored Ape Yacht Club has amassed over $1 billion in total volume and announced a mobile play-and-earn game, while fellow primate projects, CyberKongz and SmolBrains continue to announce and integrate …
Continue reading “The Metaverse calls: NFTs construct virtual economies to stay relevant in 2022”
Bitcoin Rebounds above $37k Support as Bitcoin Targets $51k High – February 5, 2022 Bitcoin bulls have broken the $39,000 overhead resistance after a price rebound as Bitcoin targets $51k high.BTC’s price is trading above the $41,000 support but below the $42,000 resistance level. BTC/USD is trading at $41,616 as of press time. Resistance Levels: …
The founder of Barstool Sports says he’s learned enough about cryptocurrencies to believe that Bitcoin (BTC) is here to stay. In a new interview with Fox Business, Dave Portnoy tells host Stuart Varney that he now has “diamond hands” after buying over a million dollars worth of BTC. “I bought 29 Bitcoins. I’ve been in …
A popular crypto analyst is digging into the charts to determine whether or not the sudden rally of Bitcoin (BTC) is sustainable. In a new strategy session, Michaël van de Poppe tells his 165,000 YouTube subscribers that BTC retesting the $40,000 level is likely to result in market volatility. “It’s a very hectic day heading …
It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users to deposit part of their fiat paychecks into the exchange in the form of crypto, more people are beginning to realize the potential of the industry and participate in this ever-growing ecosystem. But, …
Continue reading “Easy-to-use DeFi protocols will become the new gatekeepers to crypto”
On Jan. 25, the International Monetary Fund’s (IMF) directors asked El Salvador to “narrow the scope” of its Bitcoin Law by “removing Bitcoin’s legal tender status.” Adopting a cryptocurrency as the Central American country has done “entails large risks for financial and market integrity, financial stability and consumer protection,” the fund wrote. Why did the …
Continue reading “Does the IMF have a hidden script for El Salvador’s Bitcoin play?”
Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive. The newly launched stETH Perpetual Yield Tranches (PYTs) were designed to target the more risk-averse segment of the DeFi market, offering an APR ranging from 1.8% to 8%. Idle DAO …
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A recent survey from eToro included 2.000 adult US residents between the ages of 18 and 99, and examined whether crypto enthusiasts have better chances when it comes to finding partners. It turns out that being crypto savvy became desirable on the dating scene, according to the popular social trading and multi-asset brokerage company. Paying …
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The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216.49 billion on Saturday morning (EST). The TVL in defi has increased 13.60% since tapping a low of $190.57 billion 13 days ago on January 23. The decentralized exchange (dex) Curve’s $19.41 billion TVL dominates the …
During the weekend, when bitcoin rose to a two-week high, it was Gala that stole the show after climbing 37%. Bulls returned to action on Saturday, as the global crypto market capitalization was around 8% higher. Biggest gainers Following a huge week of news in the gaming and crypto space, it was only a matter …
Continue reading “Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return”
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic Affairs Secretary Discusses Cryptocurrency Regulation in India India’s economic affairs secretary, Ajay …
Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved beyond $40,000, with ethereum climbing over the $3,000 mark. Bitcoin Cryptocurrencies were higher to start the weekend, as markets appear to have moved past recent bearish sentiment. The world’s largest cryptocurrency bitcoin (BTC), became …
This week the world has been watching the thousands of truckers in Canada protesting the vaccine mandates at the Freedom Convoy in Ottawa. The Freedom Convoy has received worldwide support and millions of dollars were raised using Gofundme to help fund the protest. However, the crowdfunding platform decided to halt the fundraise and reimburse the …
An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web 3.0 applications. Facilitating Crypto Adoption Nestcoin, a Nigerian startup that …
