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” Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth “ The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since…
” Selling Bitcoin doesn’t mean you’re not bullish: Cypherpunk CEO “ Despite a massive wave of liquidations on the cryptocurrency market, some companies that sold their crypto over the past few months are not bearish on Bitcoin (BTC) at all. Canada-based investment firm Cypherpunk Holdings was one of the companies that opted to sell crypto…
” Reddit partners with FTX to enable ETH gas fees for community points “ After moving away from Bitcoin (BTC) payments years ago, online forum Reddit now seems to be inching closer to embracing cryptocurrency payments via a new partnership with the FTX exchange. Sam Bankman-Fried’s crypto exchange FTX and Reddit announced in a joint…
” Bitcoin dominance hits 6-month lows as metric proclaims new ‘alt season’ “ Bitcoin (BTC) is facing fresh competition from altcoins this month as data shows that — technically — it is already “alt season.” Figures from CoinMarketCap and TradingView show that BTC currently makes up around 41% of the overall crypto market capitalization —…
” Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report “ Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report. Said inflows reached $16.3 million last week, adding to a total of $159 million in inflows over…
” F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system “ F2Pool co-founder Chun Wang has responded to allegations that his mining pool has been manipulating Ethereum block timestamps to “obtain consistently higher mining rewards.” The allegations came from an Aug. 5 paper from researchers at The Hebrew University, claiming the mining pool has…
” Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst “ Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent…
” A slice of the punk: CryptoPunk NFT to be split into 56,000 pieces “ Nonfungible tokens (NFTs) continue to capture the imagination of the cryptocurrency space, with some of the most popular projects attracting hundreds of millions of dollars from investors. Projects such as CryptoPunks and the Bored Ape Yacht Club epitomize the exclusivity of the…
” Nigeria becomes the most crypto-obsessed nation after April crash: Report “ The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity, investor interest and venture capital investment. A recent study has highlighted nations’ growing curiosity and interest…
” Bitcoin core contributor urges maximalists to take a different route “ There was once a time when Bitcoin (BTC) was the only crypto project that was not a scam, and advocating for only BTC made perfect sense. However, according to a Bitcoin Core contributor, this has not been true for a while, as he…