The decentralized finance (DeFi) ecosystem has printed its highest Total Value Locked (TVL) today, riding on the back of the resurgence in the broader market. Per data from DeFi Llama, the TVL covering all blockchain protocols is now pegged at $223.23 billion, a massive uplift from the $21.4 billion recorded from January 1 this year. The post DeFi Total Value Locked Hit ATH...
Terraform Labs, the South Korean company behind the blockchain project Terra (LUNA), continues focusing on advancing the developer activity on the network. Meanwhile, the true impact of the network’s cardinal upgrade, dubbed Columbus-5, is yet to unravel, as the launch of...
Per a press release, the U.S. Commodity Futures Trading Commission (CFTC) has disclosed that their review on Tether Holding Limited and other associated companies has concluded. As a result, Tether has agreed to pay a $41 million fine. Related Reading |...
The International Monetary Fund (IMF) has recently released its new Global Financial Stability Report, in which the entire chapter was dedicated to the discussion about financial stability challenges posed by the accelerating crypto adoption. The report...
Bloomberg published an article on Thursday rehashing ongoing concerns about Tether and its 1:1 reserves. Per Tether's website, every USDT token issued is fully backed by reserves, containing a mixture of reserve assets. "Every Tether token is...
This week started with a bloodbath on Satoshi Street with Bitcoin and altcoins eroding investors' wealth after rallying for past few weeks. Amid the strong volatility this month, a group of investors' advocates wrote to the U.S. SEC on Monday, to amp up the crackdown on the crypto market. These groups include the Americans for The post These Investor Advocates Groups Wants the...
The digital currency industry in the past week came off with impressive price actions across the board. With Bitcoin (BTC) notably steering in the direction of the majority of the crypto ecosystem with its trading range of $43,591.32, and $48,791.78. The limited price surge of the premier cryptocurrency was perhaps stumped due to the protests The post Weekly Market Roundup: A Look into...
A fake press release published on Intrado-owned GlobeNewswire about the potential integration of Litecoin (LTC) by American ecommerce and retail giant Walmart Inc as a payment option has sent bullish shockwaves into the price of the digital currency. The news has been confirmed to be false by Walmart Spokesperson, Randy Hargrove. Hargrove affirmed that the The post Walmart Fueled Fake News Stirs a...
Known for its volatility, the digital currency ecosystem recorded the two extremes in its price trend this past week. While many digital assets opened the week to a bullish trend, resulting in an All-Time High (ATH) for cryptocurrencies like Solana (SOL), the uptrend was not sustained as the market recorded a flash crash that parred The post Weekly Market Overview: Here Are the...
The question of the volatility of the digital currency ecosystem comes into the right perspective when it is experienced by market traders. While the losses can be grave, there are opportunities that smart traders look out for in this wavering price trend of top digital assets. There’s been a lot of activity in the digital The post How it Started Vs How it’s...
A less prominent cryptocurrency exchange, Bilaxy, confirms a major hacking incident on its platform. In addition, the exchange reports some fund losses from the attack on its platform's ERC-20 hot wallet. An announcement on its Telegram channel disclosed that the exchange was hacked on August 28. The attack occurred between 6 p.m. and 7...
The resurgence in the global digital currency market has stirred a number of remarkable jumps in the prices of various altcoins, most of whom decouple from Bitcoin (BTC) to chart their own course. The push of the global market cap above the $2 trillion benchmark has seen unprecedented contributions from altcoins other than Ethereum (ETH). The post Top 3 Coins to Watch this...
The price change of Binance Coin (BNB) is trailing the slip as observable in the broader digital currency ecosystem. Binance Coin is currently exchanging hands at $487.83, down 0.37% in the past 24 hours after paring off the gains accrued in the past days. The digital currency has largely resisted a massive dump from the The post BNB Witnessing Balance of Power as...
Unlike the majority of altcoins with huge growth trends in the past days, the price gains in Ethereum (ETH) is currently flattened, despite unique fundamentals inherent in the world’s most used blockchain network. At the time of writing, the digital currency is up 0.74% and is changing hands at $3,277.17 according to CoinMarketCap. For the The post Ethereum Gains Flattens Despite Continuous Bullish...
A decentralized finance (DeFi) cross-chain bridging protocol Poly Network recently announced that it has suffered an attack in which the hacker stole over $600 million across three blockchains. The cross-chain interoperability network flagged the...
Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report...
According to a Ripple market report, the average daily trading volume (ADV) of...
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