Why cross-chain interoperability matters for DeFi
With hundreds of cryptocurrency exchanges available for users to transact on, the question becomes centralized or decentralized, neither of which offers an efficient solution. What is the next evolution for cryptocurrency exchanges? The modern DEX is designed to take advantage …
Colombia’s new president seems to be a fan of Bitcoin
“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regard to mining crypto in Colombia. Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will …
Avalanche (AVAX) price drops 45% in a month and data points to further downside
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down. Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies’ total market …
FTX US acquires Embed Financial subsidiary for stock trading platform
The FTX Stocks platform has been in beta testing for select U.S. users since May, but the firm reported it would be available to all domestic customers sometime in the summer. The United States-based subsidiary of cryptocurrency exchange FTX will …
Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?
BTC’s high volatility and halving-related bear markets tend to drag down investment and interest in the entire crypto market. Can this be avoided? There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. …
Bank of Israel experiments with central bank digital currency smart contracts and privacy
The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency. On Monday, the Bank of Israel released the results of a lab …
Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation
Magic Eden accounts for over 90% of NFT trading volume on Solana. On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had …
GameFi continues to grow despite crypto winter: DappRadar report
The report seems to show that turbulence in the crypto markets has failed to rattle investments and forward movement of several GameFi and metaverse projects. Blockchain games were the subject of the latest DappRadar x BGA Games Report #5, published …
BIS: 90% of Central Banks are researching the utility of CBDCs
The institution’s future monetary vision includes exploring innovations grounded in trust in central banks’ stable sovereign currencies and safe payment systems. In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that …
Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts
“Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least expensive method in the current market environment,” said chief financial officeJeff Lucas. Canadian crypto mining firm Bitfarms sold roughly $62 …