Decentralized Finance (DeFi) has overtaken traditional finance segments, offering innovative financial solutions without intermediaries. As interest in this sector continues to grow, monitoring development activity across various DeFi projects becomes crucial for investors, developers, and users alike. A recent report from Santiment, a crypto analytics platform, shed light on the ten DeFi projects demonstrating the
Crypto
The cryptocurrency landscape is witnessing a pivotal transformation with the introduction of a new Trust by prominent asset manager Grayscale, designed to track the performance of Ripple’s native cryptocurrency, XRP. This initiative not only heightens the intrigue surrounding XRP but also raises questions about the potential trajectory of Ripple toward an exchange-traded fund (ETF). As
In the often tumultuous world of cryptocurrency, where market sentiment can shift dramatically in mere hours, the price movements of Bitcoin (BTC) and Ethereum (ETH) are frequently closely watched indicators. Earlier this week, both these giants faced significant declines, with Bitcoin dropping to approximately $55,500 and Ethereum hovering around $2,200. Predictably, this downturn set the
The landscape of cryptocurrency trading in the United States is undergoing a significant transformation, with eToro’s recent setback illustrating the persistent scrutiny from regulatory bodies, particularly the Securities and Exchange Commission (SEC). In a notable decision, eToro, a significant player in the financial services sector, is set to discontinue trading for almost all crypto assets
The cryptocurrency landscape continues to be shaped by events surrounding the defunct FTX exchange and its affiliate, Alameda Research. A notable development occurred when a wallet associated with these entities redeemed a substantial 177,693 Solana (SOL) tokens, translating to approximately $23.75 million. This movement has once again set the crypto community abuzz with speculation about
In a significant move for the cryptocurrency landscape, Coinbase, one of the largest crypto trading platforms in the United States, has officially launched its Wrapped Bitcoin product, known as cbBTC, which is now operational on both the Base and Ethereum blockchains. This strategic development follows the platform’s earlier integration of the Lightning Network, aimed at
Nubank, a prominent fintech bank, recently made the decision to suspend trading for its cryptocurrency, Nucoin. This abrupt change was announced in a blog post on September 10, where the bank disclosed that Nucoin can no longer be bought or sold within its app. The cryptocurrency was initially launched in late 2022 on the Polygon
Bitcoin, the leading cryptocurrency, has recently experienced a market correction of approximately 11%. Additionally, the digital asset has been subject to volatile price swings in the past two weeks, leading to uncertainty among investors. Despite a brief rebound to $58,000, Bitcoin’s price still has a significant distance to cover before reaching its previous all-time high
In recent market analysis, ITC Crypto founder Benjamin Cowen and MN Consultancy founder Michaël van de Poppe have identified key patterns and trends in the Ethereum market. Cowen pointed out a wedge chart pattern that mirrors previous cycles, indicating a potential breakout due to an impending interest rate cut. On the other hand, van de
Bitcoin recently experienced a significant surge in price, jumping from $53,600 to over $58,000 in a single day. This surge has left many in the crypto community speculating about what might have caused this sudden increase in value. One of the potential reasons behind this surge could be linked to the US spot Bitcoin ETFs,