A seasoned crypto hedge fund with $4.5 billion worth of assets under its management is asserting the superiority of decentralized finance (DeFi) ecosystems. In a new letter penned by CEO Dan Morehead and other executives, crypto hedge fund Pantera Capital says that the DeFi sector is head and shoulders above centralized finance (CeFi) due to …
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Concordex, the first dedicated DEX (decentralized exchange) built on Concordium, has raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital and Concordium to bring institutional-grade derivatives to the Concordium blockchain ecosystem. Decentralized exchanges have seen a rise in interest after a series of high-profile centralized trading platforms in the crypto space …
US Senator Sherrod Brown reportedly says banning cryptocurrencies is “very difficult” after presiding over a hearing on the collapse of FTX. In an interview with NBC’s Meet the Press host Chuck Todd, the chair of the U.S. Senate Banking Committee is pushing for more regulations on the cryptocurrency market and has not ruled out backing …
Before its downfall, crypto exchange FTX and its then-CEO Sam Bankman-Fried had been some of the most prolific spenders in the space, bailing out crypto firms and donating to political campaigns and media outlets. With more than 1 million FTX creditors looking to be made whole, what’s happening with these funds? Bankman-Fried said in May …
Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and Single European Payments Arena, also known as SEPA. In …
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If you saw the returns in my crypto portfolio this year, you would take a pass on my predictions for the direction of the cryptocurrency market. So, I will stick to what I know and share some regulatory predictions for the crypto industry. Few legislative changes A few minor victories will logroll small legislative fixes …
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Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes. Ether/USD price index, 12-hour. Source: TradingView Jim Bianco, head of institutional research firm Bianco Research, said …
Bitcoin Is at Risk of Further Decline as BTC Price Slumps and Struggles below $17K – December 20, 2022 BTC/USD ends its bearish run when […] Go to Source
XDC, the native token for the XDC Network, is trading up by 22% this week. However, what do investors stand to gain from this asset, […] Go to Source
Uniswap users can now purchase crypto using their credit and debit cards. Crypto purchases through fiat will be available on Ethereum mainnet, Polygon, Optimism, and Arbitrum. The service will be provided with no minimum fees and zero spreads on USDC purchases. The protocol is working on an option to convert crypto to fiat to send …
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Meme token Shiba Inu (SHIB) is among the top three most watched cryptocurrencies in 2022 on the world’s largest crypto exchange. The other two are king crypto Bitcoin (BTC) and leading smart contract protocol Ethereum (ETH), Binance says in a new announcement. Source: Binance/Twitter Although traders are keeping a close watch on Shiba Inu, leading analytics firm …
December 20, 2022 – Seoul, Korea NFT marketplace powered by Polygon – OnePlanet – partnered with Sandbox Network to provide technical and ecosystem support for the global expansion of Meta Toy DragonZ (MTDZ). Sandbox Network is the most prominent YouTube multi-channel network in South Korea, with over three billion monthly views from its creator IP across gaming, …
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Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan. Statement from Auros regarding recent references in the media – pic.twitter.com/9RFHhYjHqz — Auros (@Auros_global) December 20, 2022 Following the collapse of FTX, …
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It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market …
Continue reading “Blockchain VC funding surpasses 2021 total despite declining since May”
Developers behind popular video games such as Far Cry and Diablo Immortal are making use of blockchain technology to build a new Web3 MMORPG. Independent gaming developer Metaverse Game Studios, which boasts a host of developers that have worked on various AAA titles, has announced a partnership with Web3 development platform ImmutableX to continue building …
Continue reading “Former Diablo Immortal devs pick ImmutableX for upcoming Web3 MMORPG”
