With the total value locked in decentralized finance on Ethereum now $89 billion, the market is eagerly waiting to see if the launch of Uniswap v3 could be the catalyst for DeFi’s next big bull run. Uniswap v3 promises advanced new features and opportunities for yield generation with its launch scheduled for Wednesday. Uniswap is emphasizing three new features for liquidity providers — customizable capital deployment across a market’s entire price curve in the form of concentrated liquidity, tiered market maker fees offering boosted returns for volatile pairs subject to impermanent loss, and cheaper access to oracles for improved data …
A decentralized communication hub is delivering DeFi for digital supply chains — eliminating the time consuming and complex processes that are associated with keeping businesses running smoothly and safely. Obortech is creating infrastructure known as the Smart Hub, allowing key players at every point of a supply chain to share information and collaborate through easy-to-use mobile and web interfaces. All of this can help deliver efficiencies that are crucial for companies running on razor-thin profit margins, and deliver verifiable product traceability from end to end. This cutting-edge approach means that documents can be exchanged through a tamperproof, joined-up system. Smart …
Ether (ETH) has been the star performer among major cryptocurrencies in the past few days as its rally has continued unabated. The second-largest cryptocurrency by market capitalization crossed the $3,300 today sending projects market cap to $381.6 billion. Ether has now become the 24th largest asset in the world, vaulting the project above blue-chip names like Mastercard, NVIDIA, Walt Disney, Bank of America and Home Depot, according to data from Infinite Market Cap. This strong performance in Ether has also brought back murmurs of Ethereum flippening Bitcoin (BTC). However, Ether has a lot of catching up to do if it …
The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played catch up today as it reclaimed the $55,000 level. This suggests investors continue to accumulate on dips. Gaming-focused venture capital fund Bitkraft Ventures, with more than $400 million in assets under management, has tied up with crypto research firm Delphi Digital to invest in crypto-assets and related projects. The demand from institutions also seems to be picking up in Asia. To cater to this …
Bitcoin (BTC) has slowed down after its sharp relief rally over the past 48 hours, but Ether (ETH) is in no mood to rest as it continues to chase new all-time highs. The biggest altcoin by market capitalization seems to have received a boost from the news of the launch of a 100-million-euro ($120.8 million) digital bond sale on its network by the European Investment Bank. Meanwhile, Bitcoin’s institutional adoption has continued to expand. Japanese game developer Nexon disclosed the purchase of 1,717 Bitcoin at an average price of $58,226, for a total consideration of about $100 million. Nexon president …
Uniswap decentralized exchange and its governance token, UNI, have been defying all expectations in recent months, with the world’s largest DEX recently recording cumulative transaction totals exceeding the $10-billion threshold. What’s more, it is estimated that Uniswap’s 24-hour trade volume currently lies somewhere around the $2.3-billion range. Uniswap CEO Hayden Adams has been tweeting about the milestone recently and has even released an accompanying chart showcasing a 25.7% weekly increase in Uniswap’s weekly trade volumes. It’s worth noting that if the platform is able to keep up its current in/outflow pace, it will be able to process a whopping $500 …
The overall cryptocurrency market saw a second day of gains on Tuesday after the weekend sell-off proved to be a good buying opportunity for retail and institutional investors. Lower gas fees following the Ethereum network’s Berlin upgrade along with an increase in institutional buying and decentralized finance activity lifted the price of Ether to a new all-time high at $2,680. Data from Cointelegraph Markets and TradingView shows that Bitcoin (BTC) climbed above $54,000 in the early trading hours on Tuesday, and bulls are now aiming to break through the $55,000 resistance level for a possible rally to $58,000. With Ether …
Bitcoin price started the week off with a strong move that propelled the price above $50,000 and at the time of writing, bulls are in pursuit of the $55,000 level. On April 21, JPMorgan analysts wrote that the liquidity in the cryptocurrency markets is likely to recover sharply after the recent sell-off in Bitcoin (BTC). According to the analysts, “the worst of the liquidations” could be over “suggesting little overhang to work through.” Another bullish sign was shown by the Crypto Fear and Greed Index, which quickly dipped from greed in the last week to fear on April 25, indicating …
As Bitcoin price crashed below $50,000, mainstream media highlighted that the selling across the market could have been triggered by reports that the Biden administration proposed increasing the capital gains tax to 39.6% from the current 20% for people earning more than $1 million a year. In other news, there was an apparent exit scam carried out by Thodex exchange owner Faruk Fatih Özer, which has affected about 391,000 users of the Turkish crypto exchange. Rumors are afloat that the owner may have fled the country with nearly $2 billion worth of crypto assets. U.S. equity markets also sold off …
JPMorgan strategist Nikolaos Panigirtzoglou believes that if Bitcoin (BTC) does not break above $60,000 within the next few days, the momentum signals could weaken “for several months, given their still-elevated level.” Another bearish voice was that of Guggenheim chief investment officer Scott Minerd who said in an interview with CNBC on April 20 that Bitcoin looked frothy and was at risk of a correction to $20,000 to $30,000. Minerd said that such a massive fall will be part of a normal market cycle and that will not alter his long-term target of $400,000 for Bitcoin. However, several analysts, including statistician …
Free TON is a multi-blockchain platform that can handle thousands of transactions per second thanks to its dynamic sharding mechanisms, which create new shards as needed. As a result, it is the fastest blockchain available, according to developers. Despite that, the Free TON blockchain is still in the early stages of attracting DApp developers to its platform. Even with its scalability, an important task at this stage is to bring more liquidity to the platform. To do that, developers have announced the launch of Wrapped TON, a tradable TIP-3 token built on its native TON Crystal token. With the ability …
PancakeSwap, a syrupy rabbit-themed decentralized exchange that calls the Binance Smart Chain its home, has surpassed the entire Ethereum network in terms of transaction volume over a 24-hour period. Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of them occurring over the same 24-hour stretch. The top five contributors were PancakeSwap, Mdex, Safemoon, PancakeBunny and Venus Protocol, Binance Chain Community confirmed earlier this week. Top 5 Txs contributors 1. @PancakeSwap 2. @Mdextech 3. @safemoon 4. @PancakeBunnyFin …