value
DeFi Keeps Surging with Decentralized Finance’s Total Locked in Value at over $9 Billion
DeFi's value keeps surging with Decentralized Finance’s locked in value now at over $9 Billion
Bitcoin Inches Closer to a Market Value of $1 Trillion
Bitcoin is making notable strides because its current bull run has resulted in its market value being a stone’s throw away from the $1 trillion mark.
"I Knew Owning Bitcoin Was a Bad Idea," Claims Peter Schiff After Losing Access to His Bitcoin Wallet
"I knew to own Bitcoin was a bad idea, I just never realized it was this bad!" exclaims Peter Schiff, after losing access to his bitcoin wallet and his password being invalidated. The crypto – the community has offered help, but it would seem the BTC has been lost for good.
Why Crypto Exchanges Must Reinvent Themselves to Stay Relevant or Else Face Extinction
As the industry matures, crypto exchanges must face up to higher responsibilities. Crypto market is becoming to mirror that of traditional markets. Cryptocurrency exchanges, therefore, must reinvent themselves to maintain their relevance.
Tencent Report: Leading AI Innovation with Responsible Safety and Ethical Practices
Tencent's report emphasizes its commitment to responsible AI, emphasizing safety and ethical practices in large models, highlighting strategies for model security, value alignment, and ethical considerations.
HKMA Releases Q1 2024 Statistics on Stored Value Facilities Schemes
The Hong Kong Monetary Authority (HKMA) published its Q1 2024 statistics on Stored Value Facilities (SVF) schemes, revealing significant growth in SVF accounts and transaction values.
Reddit to Discontinue Blockchain-Based Community Points Program
Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.
BondbloX Secures $6M in Series B Funding Led by Beacon Venture Capital
Singapore-based FinTech company BondEvalue has raised $6 million in a Series B funding round, led by Beacon Venture Capital and supported by MassMutual Ventures and Citigroup. The funding will expand BondbloX Bond Exchange, a distributed ledger technology that democratizes bond market access through fractional and full-size trading.
Sui Network Redirects Additional 40M SUI, Totaling 157 Million
The Sui Foundation has redirected an additional 40 million SUI tokens towards ecosystem and community development, adding to the previous 117 million SUI, making a total of 157 million SUI. This reallocation aims to bolster the DeFi ecosystem of Sui Network, which has shown a significant uptick in total value locked, marking over 100% increase in the last two months. The initiative follows a series of remarkable achievements by Sui, underscoring its commitment to fostering a robust ecosystem for decentralized applications and financial protocols.
Binance's Market Dominance Challenged as OKX and Upbit Gain Ground
The 2023 CEX Market Report shows Binance's dominance diminishing as OKX and Upbit gain market share. Factors like on-chain data, user growth, and social media presence contribute to the evolving CEX landscape.
Uniswap’s UNI Price Drops by 30%, but DeFi Protocol Still Winning
Uniswap’s very own UNI dropped by more than 30% over the weekend, plummeting from its all-time high of $8.39, according to data from CoinMarketCap.
Rogue Validator Outsmarts MEV Bots, Resulting in a $25 Million Loss
MEV bots attempting sandwich trades lost $25 million worth of digital assets to a rogue validator. The loss included Wrapped Bitcoin, USD Coin, Tether, Dai, and Wrapped Ether. Blockchain security firm CertiK explained that the attack was due to the centralization of power with validators, making them vulnerable to such attacks.
60k BTC and 60k ETH on Justin Sun's Tron Seem Unbacked
Crypto analyst ErgoBTC suggests 60k TRC20 BTC and 60k TRC20 ETH tokens on Justin Sun's Tron network, currently in JustLend protocol, appear unbacked, implying a $1.8B non-existent TVL.
Fidelity Reiterates Bitcoin's Unique Value as a Primary Investment Choice
Fidelity Digital Assets revisits Bitcoin's unmatched value proposition in a recent study, emphasizing its secure, decentralized nature. Shared by MicroStrategy's Michael Saylor, the study advocates for Bitcoin's primary consideration by investors venturing into the digital asset sphere.
Flashbots Co-Founder Stephane Gosselin Resigns Following Disagreements with Colleagues
Gosselin’s departure has left a leadership hole at Flashbots.
Aave Freezes Stablecoin Trading Amid Price Volatility
Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave's decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all v2 and v3 markets. The LTV ratio determines how much credit can be secured using crypto as collateral and is calculated by dividing the amount of credit borrowed by the value of the collateral.
Friend.Tech Boosts Security with CoolWallet on Base Chain
Friend.tech, a decentralized social network on Base's Ethereum layer-2 chain, has seen rapid growth but also faces security risks from phishing attacks. To address this, CoolWallet has launched a Web3 Guardian competition to promote its Web3 SmartScan feature, which screens transactions for malicious behavior.
Sui Foundation Reallocates 117M SUI to Bolster Network Growth
Sui Foundation announces the reallocation of 117 million SUI tokens from external market makers to support the growth of its Layer 1 blockchain network, Sui. The move aims to bolster the network's DeFi ecosystem, which recently recorded its highest-ever total value locked (TVL) at approximately $37 million. The reallocation will not impact the circulating supply of SUI tokens.
Ethereum's Layer 2s Break New Ground in Scalability
Ethereum has seen a 22% rise in value as of September 2023, largely attributed to the emergence of Layer 2 solutions like BASE by Coinbase, which enhance scalability and user affordability on the network. Leading Layer 2 blockchains, Optimism and Arbitrum, have surpassed major Layer 1 blockchains in Total Value Locked, indicating a growing trust and utilization in the Ethereum ecosystem. Despite centralization concerns, the progressive strides in Layer 2 solutions are poised to bolster Ethereum's standing as a dominant smart contract blockchain.
FASB Finalizes New Accounting Standards for Crypto Assets
FASB's new ASU No. 2023-08 mandates fair value measurement for certain crypto assets, enhancing transparency and relevance in financial reporting, effective post-December 2024.
Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan
The Arbitrum Foundation has formed a strategic partnership with Fracton Ventures to launch Arbitrum Japan, aiming to accelerate blockchain technology adoption and expand the Arbitrum ecosystem in the country. This alliance is poised to generate new business avenues, especially in finance and entertainment sectors, and bolster community engagement through educational initiatives.
With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest
BTCS, a digital asset blockchain technology-focused company, recently closed an institutional investor-backed $9.5 million financing comprised of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering.
Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement
Brad Garlinghouse, Ripple CEO, believes most governments consider blockchain technology a game-changer as it solves frictions like transparency and settlement that were a headache in yesteryears.
Iran Pushes Oil Investment on Citizens, Winklevoss Advises Bitcoin
Despite the oil price taking a beating this year, Iran has urged its citizens to invest in a scheme that would pre-sell 220 million barrels and drive liquidity into the OPEC nation's struggling economy. In response, Cameron Winklevoss tweeted that Bitcoin is a far better investment.
MicroStrategy CEO Michael Saylor From BTC Skeptic to Bitcoin Maximalism
MicroStrategy's CEO Michael Saylor went from cryptocurrency skeptic to Bitcoin bull in just seven years, but his eyes are for Bitcoin and Bitcoin only.
Fidelity Report: Reflexivity and Investor Sentiment are Main Factors Influencing Bitcoin Price
Fidelity Digital Assets just released a report on Bitcoin's role as an alternative investment indicating almost no correlation with traditional markets. So what drives BTC's price?
Human Rights Foundation Chief Strategy Officer: Bitcoin Saves Lives, Increases Freedom and Gives Hope
Alex Gladstein, the CSO of the Human Rights Foundation blasted a reporter who called Bitcoin the “perfect Ponzi”, explaining that BTC crypto creates freedom and gives hope.
Do I need to Buy One Whole Bitcoin? 3 BTC Questions I’m Tired of Answering
Why is Bitcoin worth anything? Am I too late to buy Bitcoin? It’s too expensive, do I need to buy a whole Bitcoin? 3 questions that hound crypto journalists at parties.
Bitcoin's Value to Increase Fivefold by 2023, Institutional Investors Swap Gold for BTC
Bitcoin’s price in 2020 has beaten stocks, gold, and many other assets in year-to-date return on investment (ROI). Even billionaire hedge fund manager Paul Tudor Jones has stated that he has just over 1 percent of his assets in Bitcoin.
Nassim Taleb “Black Swan” Author and Famous Investor Is Getting Rid of His Bitcoin
Nassim Nicholas Taleb, the author of “Black Swam,” has changed tune on Bitcoin. The famous investor has revealed that he is dumping his Bitcoin because of what he said that the digital currency does not store value.
DeFi TVL Remains Flat as Crypto Market Shrugs Off Another Bearish Weekend
Total Value Locked in DeFi remains slightly indifferent as the market saw a bullish opening to the new week.
Could Current DeFi Rebound be Indicative of Broader Market Revival?
The growth of the DeFi subsector is quite unusual as the combined market cap had a 0.69% growth over the same time frame.
DeFi Grows as Total Value Locked Tops $50 Billion
The Total Value Locked in DeFi has topped $50 billion for the very first time, continuing the positive rally started this year.
What is Sushiswap (SUSHI) and Why it Enabled Uniswap’s Trading Volume to Surpass Coinbase
The decentralized finance (DeFi) industry has surpassed $9 billion in total value locked (TVL) recently resulting from the latest surge in popularity.
DeFi TVL Rebounds to the $54 Billion Mark, Eth-based MakerDAO Remains Dominant Lender
The total value locked (TVL) in DeFi rebonds to approximately $54 billion currently. The TVL has been down since October 12, trading between $53.7 and $53.29 billion level.
Total Value Locked in DeFi Hits $30 Billion as Positive Sentiment Surrounds Cryptocurrency Market
The Total Value Locked (TVL) in DeFi has topped a new all-time high at $30 billion.
Total Value of Ethereum in ETH 2.0 Tops 3 Million Ether
The total value of Ethereum locked in Ethereum 2.0 tops 3 million Ether and currently pegged at 3,000,034 ETH.
DeFi Reaches Record High of $13.7 Billion in Total Value Locked
The decentralized finance sector has reached a new all-time high of $13.69 billion in total value locked (TVL).
Ethereum to See $1 Trillion in Real Value Transfers This Year, Eclipsing PayPal as Institutional Interest Rises
Ethereum will process more than $1 trillion in real value transfers this year, surpassing PayPal.
Ripple Unlocks 1 Billion XRP From Escrow, XRP Trades Heavy As US Dollar Loses Value
Ripple has unlocked 1 billion XRP tokens and is being heavily traded as the US dollar continues to lose value.
Bitcoin Price Hits Another All-Time High Over $29,000 and Quadrupled In Value in 2020
On the last day of 2020, Bitcoin jumped to a new record high of above $29,000, after the cryptocurrency quadrupled in value during 2020.
Uniswap Surpasses $2 Billion in Total Value Locked Amid KuCoin Hacker Dumping on the DEX
Decentralized exchange platform Uniswap, recently became the first decentralized finance (DeFi) protocol to surpass $2 billion in total value locked (TVL).
DeFi to Reach $20 Billion in Total Value Locked by the end of 2020
The decentralized finance (DeFi) industry recently reached over $15 billion in total value locked before dropping back to $14 billion in TVL.
Billionaire Shark Tank Investor Mark Cuban Changes Tune on Bitcoin as Store of Value
Mark Cuban, a billionaire entrepreneur who is famed for his investor role on Shark Tank - where aspiring entrepreneurs pitch their business models -has watered down his Bitcoin criticism as he views it as a store of value.
Cryptocurrency Industry Nears a $1 Trillion in Value Thanks to Bitcoin and Ethereum
The crypto market’s total value is edging closer to the $1 trillion mark thanks to its notable uptrend in recent weeks and the bullish gains of BTC and ETH.