AMMs have seen incredible growth in the past 18 months. Its popularity resulted thanks to the enormous profits yield farmers are receiving by offering their liquidity to liquidity pools and earning trading fees. One exchange has recently launched its own AMM that sets itself apart from other exchanges for multiple reasons. For starters, while all …
Category archives: Trending Crypto news
Ethereum competitor Near launches $800M developer fund as DeFi competition heats up
Smart contract ecosystem Near Protocol has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities, offering the latest evidence that the highly lucrative DeFi market is still in its infancy. The new funding, which includes the $350 million grants program announced by Proximity Labs last week, gives ecosystem developers added …
Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth
Bitcoin (BTC) price hurtled towards $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin daily gains near 7% Data from Cointelegraph Markets Pro and TradingView confirmed solid 6.5% gains for BTC/USD in the past 24 hours to 4pm UTC …
Continue reading “Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth”
How to use stablecoins to earn a higher APY
Many are quick to flock to stablecoins for their ability to de-risk cryptocurrency positions. A stablecoin can be pegged to any perceivably stable asset, for instance, a digital asset like Bitcoin (BTC) or a fiat currency like the US dollar. In theory, if a digital asset was pegged to the US dollar, $100 worth of …
Continue reading “How to use stablecoins to earn a higher APY”
Law Decoded: Post-ETF policy landscape and Novi fears, Oct. 18–25
The biggest regulatory story of the week, if not the year, has been the United States Security and Exchange Commission’s lack of opposition to the launch of the first-ever Bitcoin (BTC) exchange-traded funds, which took eight long years to materialize. While the first ETFs are tracking CME-traded Bitcoin futures rather than the asset’s spot price, the …
Continue reading “Law Decoded: Post-ETF policy landscape and Novi fears, Oct. 18–25”
Billion-Dollar Real Estate Firm To Accept Crypto for Ownership Shares of Second Homes
Pacaso, a real estate platform focused on second homes, is now supporting cryptocurrency payments. The startup, which reached $1 billion in valuation months after its launch in October 2020, partnered with crypto payment service provider BitPay to allow clients to buy ownership shares in second homes using digital assets. ADVERTISEMENT In a statement, the …
Analyst Predicts Imminent Record High for Ethereum, Says One Red-Hot Altcoin Looks ‘Absolutely Insane’
A popular crypto strategist and trader predicts Ethereum will print a new all-time high in the short term and that one explosive altcoin will likely continue its bullish trend. The pseudonymous crypto analyst Kaleo tells his 411,000 Twitter followers that leading smart contract platform Ethereum (ETH) is gearing up to take out its last line …
BitGo integrates Stacks, bringing Bitcoin DeFI to institutions
Beginning Monday, BitGo will offer institutional token holders the ability to earn Bitcoin rewards through the Stacks token, which is also known as STX. Through a process known as Stacking, STX token holders can earn BTC rewards directly in their wallets. Unlike other yield-earning services, BTC rewards generated through Stacking are not based on a …
Continue reading “BitGo integrates Stacks, bringing Bitcoin DeFI to institutions”
Nifty News: The rise of environmentally-focused NFT collections
HapeBeast hitting the headlines Three-dimensional nonfungible token (NFT) project HapeBeast is garnering notable attention on social media following the release of a highly-professional teaser video for their upcoming ape-themed profile picture project. Created by the founder of Digimental Studio London, Digimental, the project encompasses 8,000 unique aesthetic depictions of digital ape avatars. Having operated for …
Continue reading “Nifty News: The rise of environmentally-focused NFT collections”
Anyone who studies Bitcoin ends up investing in it, says Scaramucci
Investors who study Bitcoin (BTC) carefully are eventually convinced to own a stake in the cryptocurrency, according to SkyBridge Capital CEO and founder Anthony Scaramucci. In a Monday interview with CNBC’s Capital Connection, Scaramucci — who also served a 10-day stint as President Donald Trump’s communications director — urged investors to “do the homework on Bitcoin” …
Continue reading “Anyone who studies Bitcoin ends up investing in it, says Scaramucci”
Solana reclaims $200 — 3 reasons why SOL price is up 35% in seven days
The price of Solana’s native SOL coin edged up on Oct. 25 in the wake of a marketwide rally led by Bitcoin (BTC), with the total value locked (TVL) on Solana hitting record highs and SOL’s price seeing a promising technical setup. Bitcoin triggers marketwide rally SOL climbed by more than 6% to hit an …
Continue reading “Solana reclaims $200 — 3 reasons why SOL price is up 35% in seven days”
Ethereum eyes rally against Bitcoin, with ETH price showing hidden bullish divergence
Ethereum’s native token, Ether (ETH), has been declining against its top crypto rival, Bitcoin (BTC), since Sept. 3. Ether dropped in value against Bitcoin by almost 25% after topping out in September at 0.07955 BTC. As the top altcoin declined, it left behind a trail of lower highs and lower lows, thus forming an ascending …
Nigerian president to unveil eNaira central bank digital currency
Nigerian President Muhammadu Buhari is set to officially introduce the country’s central bank digital currency (CBDC), the eNaira. The Central Bank of Nigeria (CBN) has published a document in which it reaffirmed its intention to introduce the eNaira after previously attempting but failing to do so on Oct. 1. According to the design paper for …
Continue reading “Nigerian president to unveil eNaira central bank digital currency”
Crypto investments a financial backup for Facebook whistleblower
Frances Haugen, a former Facebook employee turned whistleblower, revealed that her refuge in Puerto Rico is currently being supported by an auspiciously timed cryptocurrency investment. Haugen worked as a Facebook product manager before accusing the company of spreading controversial and insensitive misinformation. She allegedly possesses numerous confidential research documents, which, according to her, shows that “Facebook …
Continue reading “Crypto investments a financial backup for Facebook whistleblower”
Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says
Despite Russia adopting its first cryptocurrency law in January 2021, the country’s cryptocurrency market is still largely unregulated and is associated with a lot of uncertainty, according to a local industry advocate. Yury Pripachkin, head of the Russian Association of Cryptoindustry and Blockchain (RACIB), argued that the existing Russian crypto regulations are nothing more than …
Continue reading “Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says”