A noteworthy week sees Bitcoin in a recovery mood, and the bellwether crypto even exceeded the $20K level. Moreover, the total cryptocurrency market capitalization surpassed $1 trillion. Let us dig out what the market had over the past seven days. Bitcoin (BTC) Bitcoin overcame a massive trendline on Sunday following seven 24hr green bars that … Read more
Cryptocurrency companies continue to struggle in 2023’s first week, with businesses announcing notable layoffs and bankruptcy. So let us check what the year has had for the crypto space within the past seven days. Bitcoin (BTC) The distressing Texas winter storm in December last year forced BTC miners to return nearly 1.5K megawatts of power … Read more
SUSHI’s CTO revealed the project’s 2022 summary and plans for upcoming times. Market indicators and metrics flashed bullishness. SushiSwap’s Chief Technology Officer highlighted what the blockchain presented over the final two quarters of 2022. He tweeted that the third and fourth quarters confirmed the need to focus on the platform upgrade, and they resorted to … Read more
The leading crypto exchange FTX & its sister trading company Alameda Research filed for bankruptcy on 11 November. That came a week (7 November) after the founder of these companies, Sam Bankman-Fried, tweeted that FTX and investor assets were unbothered. Meanwhile, experts are still uncovering how the renowned exchange and its sister cryptocurrency firm fell. … Read more
Following the passing of the proposed MiCA by the EU in October, a top Binance official has assured that the proposed bill favors crypto exchanges in the region. This announcement has continued to generate positive reactions from crypto users and entities. MiCA Regulation, A Safe Space for Web3/Crypto Companies The EU has been in talks … Read more
In their Scrutinization of blockchain technology, Bank of International Settlement(BIS) and Euro system have formed a collaboration. They divulged a new project tagged “Project Mariana.” Euro system consists of the Apex banks of Singapore, France, and Switzerland. The Bank for International Settlements (BIS) initiated collaboration with Euro system on June 20, 2021. An Overview of … Read more
One of the central Asian financial firms and the apex institution in Singapore is DBS bank. The institution has incorporated decentralized finance (DeFi) technology for trading all foreign exchange (FX). Some government-owned securities will also be included in the trade using DeFi as a tool. DBS bank had the support of the Monetary Authority of … Read more
Blockchain.com, a digital asset services solutions provider, has announced that it has been approved to operate in Dubai by the Virtual Assets Regulatory Authority (VARA). Blockchain.com Signs an MOU with VARA The virtual asset services provider revealed that it has partnered with Dubai’s regulatory body. A detailed statement from the firm disclosed that both its … Read more
The recent data about the GameFi market has seen market players questioning Avalanche. DappRadar data shows GameFi addresses saw a substantial uptick to 1.5 million in the 2021 second half. Meanwhile, gradual declines took the metric to around 1 million. Meantime, this’s a somewhat better performance than DeFi addresses performance during that period. That means … Read more
The latest cryptocurrency credit crisis revealed DeFi protocols’ resilience compared to centralized lenders. Uniswap is among the platforms that stayed afloat amidst current intense market situations. Let us dig deeper. Up & Away Uniswap took a massive blow during the latest crypto winter, similar to the overall cryptocurrency sector. However, the recent relief phase with … Read more
