The DeFi world is booming with over $52 billion invested, dwarfing the GDPs of many nations. The foundation of this phenomenon is the layer-1 blockchains, but the real stars are the decentralized exchanges (DEXs). These DEXs are the lifeblood of the system, linking all assets and protocols and enabling crypto enthusiasts to trade tokens in…
The U.S. Securities and Exchange Commission (SEC) is currently in the spotlight for hosting discussions with several groups aiming to launch spot Bitcoin exchange-traded funds (ETFs). According to FOX Business’s Charles Gasparino, insiders have learned that the SEC is organizing a unique joint conference call with those looking to introduce Bitcoin ETFs. Unpacking the SEC’s…
Visa’s making some exciting strides in the world of digital payments and identity management. They’ve recently teamed up with two big names – Tech5, known for their work in biometrics and digital identity, and Intermex, a big shot in money transfer services. These partnerships are all about pushing the boundaries in the digital space. Digital…
Back in the day, Celsius was a big deal in the world of crypto loans, letting folks earn on their long-term crypto while also borrowing cash against it. Sadly, things went south during the 2022 crypto winter, leading to its bankruptcy. Despite Celsius biting the dust, there’s still a bunch of solid options out there…
Bitcoin’s price is on the upswing, recently breaking through the $43,500 barrier. It’s maintaining a strong upward trajectory, stirring excitement about a potential push past $45,000. The cryptocurrency surged past the $43,500 resistance zone, signaling a robust trend. Currently, it’s hovering above $43,000 and comfortably sits over the 100 hourly Simple Moving Average. There’s even…
In the world of fast-paced global finance, the United States is at a turning point. Despite having a vast network like the Federal Reserve’s FedNow service, which is used by hundreds of banks, the country is lagging in adopting instant payment networks. This slow pace is so noticeable that some in the banking world jokingly…
There’s a wild scam going around where people who are skeptical about vaccines are getting tricked into buying fake COVID-19 vaccine passes. And guess what? These scammers are making a killing, bagging over $280,000 in bitcoin! Some folks at a company that spots disinformation, Logically, have been tracking this. They’ve found more than a thousand…
Recently, Improbable, a trailblazer in the metaverse field, parted ways with one of its crucial gaming divisions, The Multiplayer Group (MPG). This division was sold off to Keywords Studios for a whopping £76.5 million (around $97.1 million). This move comes as a bit of a shock, especially since both the metaverse and web3 realms have…
PancakeSwap, a well-known decentralized exchange, has made headlines with its recent decision to burn over 9 million of its native $CAKE tokens. This significant action has effectively removed approximately $19 million worth of tokens from circulation. The team at PancakeSwap shared details about this move on a microblogging platform (formerly known as Twitter), explaining that…
In a remarkable surge throughout 2023, Solana (SOL) has almost overtaken XRP in market capitalization, positioning itself as a strong contender among the top five cryptocurrencies. With a current market cap of $32.9 billion, Solana is just shy of XRP’s $33.1 billion. If this trend continues, SOL might soon surpass XRP and set its sights…
