Leading tokens from this summer's DeFi craze may be crashing, but the sector is far from over. And with interest from multi-billion dollar institutions, many believe that true innovation has only just begun. ...
On Friday, Wall Street bank JPMorgan released a report covering the latest trends in Bitcoin and cryptocurrency extensively. The report shocked much of Crypto Twitter as years prior, the firm's chief executive seemed to have a distaste for cryptocurrencies. This has changed as Bitcoin and similar technologies have proven their legitimacy, with firms like...
Dan Tepiero, the 10T Holdings co-founder, believes MicroStrategy’s $425 million Bitcoin bet could be worth $10 billion in a decade. On September 14, less than two months ago, MicroStrategy CEO Michael Saylor confirmed the purchase of $425 million in Bitcoin. He said at the time: “MicroStrategy completed its acquisition of 16,796 additional bitcoins at an...
Ethereum is by far the largest cryptocurrency behind Bitcoin. The asset has a market capitalization of $46 billion, which makes it around the size of a medium-cap company in the S&P 500. Although impressive, analysts say that Ethereum could rally exponentially higher, likely towards its previous all- time highs, once it gains two more...
A $24 million DeFi hack involving Harvest Finance has exposed the vulnerability of the entire DeFi ecosystem. Economic Exploit of Harvest Finance Working as a yield aggregator, Harvest Finance...
American regulators are hoping to make it mandatory for financial institutions to record and share data with authorities on all transactions above $250, including cryptocurrencies. American Regulators Clamp Down on Money Laundering Since 1995, American businesses have been mandated to collect, retain, and...
Bitcoin's breakout this past week has captured the attention of those within this industry and those outside of it. CNBC and Bloomberg covered these moves to the upside extensively, and JP Morgan amongst other Wall Street investment...
Despite cooling DeFi hype, the total value locked in these financial protocols continues to make new all-time highs. State of Top DeFi Projects The dominant DeFi projects in the space are Uniswap, Maker, and WBTC. The decentralized finance ecosystem is much different from the bull market which ended in September....
Numerous central bank digital currencies (CBDCs) are under development, meaning that various countries are planning to issue a digital asset tied to their own regional fiat currency. This has largely been considered good news for the crypto industry; however, recent trends ask whether CBDC regulation could harm popular stablecoins that are already in circulation. Regulations Could Restrict Stablecoins This week,...
As the DeFi market’s momentum continues stagnating, return hungry crypto investors have been flocking to presales and new token listings to try to garner massive profits in a short amount of time. However, this has resulted in massive losses due to the frequency of so-called “rug pulls” resulting in investors losing 100% of what they put in. Today, however, a relatively unknown token...
The biggest crypto news event of the last day is the report from Bloomberg that PayPal is looking into acquiring BitGo, one of the industry's leading digital asset custodians. The news first broke in China, then eventually spread to the Western world through Bloomberg. The outlet reported that "people familiar with the matter" indicate that PayPal is looking to acquire a "number of"...
Long-term Bitcoin holders are looking to book profits as BTC climbs up to $13,000, while an increase in buy pressure on exchanges and OTC markets is acting as support. Long-Term Bitcoin Holders Book Profit The on-chain activity of two-year-old passive BTC addresses is spiking, implying that long- term hodlers are readjusting...
Bitcoin's price action over recent weeks and months has undoubtedly been bullish. In the face of macroeconomic turmoil and the worst pandemic in a century, the leading cryptocurrency has shot higher. In the past week alone, the price of one BTC has gained just under $2,000. The cryptocurrency is expected to move even higher in the weeks ahead as the fundamentals and technicals...
Reading Time: 2 minutesAlmost everyone in the cryptocurrency world is in agreement that, after nearly three years of waiting, Bitcoin is finally...
Bitcoin is roaring higher after weeks of consolidation in a $1,000 range between $10,000 and $11,000. The leading cryptocurrency currently trades for $13,000, its highest price year-to-date, save for a quick blip above $13,200 on Wednesday. Underpinning this surge higher is a set of on-chain fundamentals and narrative fundamentals that are set to drive the price of the coin even higher in the...
The strong uptrend in Bitcoin in the last 24 hours is making institutional holders hedge their positions, while the futures market for BTC predicts more room for bulls. Bitcoin Traders Prepare for Next Big Move The volume of unsettled Bitcoin options contracts moved close to $2.5 billion, an all-time high for the...
As the cryptocurrency space enjoys growth, stablecoin providers continue to expand users' opportunities to park their money during turbulent times. Circle, the company behind USDC, recently...
PayPal will now let users buy and sell cryptocurrencies, marking one of this year's biggest crypto adoption stories. However, the company's policies have raised questions about centralization. PayPal's Centralization Is a Concern PayPal's crypto features will allow users to buy...
In the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin. Since achieving a peak in early September, decentralized finance (DeFi) tokens alongside Ethereum have shown a lackluster performance. Since October 8, the price of Bitcoin has increased from $10,600 to $12,311 by 16%. In the same period, Ethereum rose by 12% from $337 to $379....
Bitcoin has undergone a strong rally over the past few days as buyers have returned to this market. CryptoSlate market data indicates that Bitcoin is currently trading for $12,250, a price just shy of 10 percent higher than it was just a week ago....
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