According to statistics from analytics company Parsec financial, on-chain liquidations across Ethereum’s decentralized finance protocols hit a new annual high, with positions liquidated totaling over $350 million in the preceding 24 hours. This is happening as the market volatility has spiked and the crypto market as a whole has been
August 6, 2024 1 min read
It has been reported that an emergency meeting has been summoned for today by the United States Federal Reserve. With worldwide markets in a deep slump, this gathering is to reevaluate interest rates. Moreover, after the meeting, experts anticipate a 50 bps rate decrease from the Fed. In addition to
August 5, 2024 2 mins read
A 25-basis-point reduction in interest rates from 5.25% to 5.0% has been announced by the Bank of England, marking a watershed event. The decision follows expectations, and the British central bank reportedly pulled off this U-turn with a razor-thin majority. With this move, the wheels are in motion for more
August 1, 2024 2 mins read
Another large outflow of $77.2 million occurred on Wednesday, July 31, in Spot Ethereum ETFs. Although there was a recovery on Tuesday, this indicates that the declining trend in flows has persisted. Furthermore, the Federal Reserve’s decision to leave interest rates steady is accompanied by these outflows, which indicate a
August 1, 2024 2 mins read
The worldwide presence of Worldcoin is growing steadily. Notable for its one-of-a-kind “orb” verification mechanism, the project has recently declared a major step forward in its European activities by expanding into Austria. As part of its continuing efforts to build a broad, decentralized identity verification network across Europe and beyond,
July 31, 2024 1 min read
With the launch of the new Cronos Learn course, which is now accessible on the Revolut app, Cronos and Revolut are collaborating to spread cryptocurrency education. This initiative offers an interesting method to learn about Cronos, cryptocurrencies, and Web3 while streamlining and safeguarding the process of maintaining everyone’s cryptocurrency portfolio.
July 31, 2024 2 mins read
The exSat team took a giant leap toward making Bitcoin more scalable and interoperable when they announced the formal launch of their testnet at the recent Bitcoin 2024 conference in Nashville. As part of their groundbreaking exSat Docking Layer, the exSat team detailed their powerful scaling solution and increased interoperability capabilities.
July 30, 2024 5 mins read
Bitcoin sceptic Peter Schiff recently criticized the Bitcoin community for its illogical arguments over the US national debt. The belief that the Federal Reserve would soon switch to money printing has led many Bitcoin proponents to predict that the price of BTC will skyrocket to millions of dollars per coin,
July 29, 2024 2 mins read
Today, Jambo, the driving force behind web3 mobile infrastructure aimed to empower developing markets, announced a strategic partnership with PixelVerse, a cutting-edge gaming platform powered by Telegram that has captured the attention of over 100 million users with its unique web3 game. This collaboration aims to provide underserved regions of the globe
July 29, 2024 2 mins read
Since the beginning of the week, Bitcoin’s (BTC) momentum over $65K has been consistent. The asset’s value has increased to $68K due to the market’s greedy sentiment. Prominent Bitcoin advocates and institutional investors are fueling this increase. Charles Hoskinson, founder of Cardano, has openly questioned Peter Schiff’s comprehension of Bitcoin.
July 27, 2024 1 min read