Rumors of an imminent Bitcoin ETF approval are boosting sentiment and prices across the market, but caution is warranted, as it could turn into a buy-the-rumor, sell-the-news event.
DeFi News
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
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ALCX and SLP are flashing bottoming signals while BTC is steadily climbing toward $60,000.
3911As the NFT market continues to face high levels of growth, a cross-chain project aims to reduce the barriers to entry for game creators by accelerating and mitigating the risk of launching new projects.
604Chainalysis said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000.
2527OHM price is on the verge of a new high after a series of cross platform integrations, fresh bond offerings and the launch of Olympus Pro prove that the project has strong fundamentals.
3496The billion-dollar TVL has been driven by massive yields on the DeFi aggregation platform.
2829Cryptocurrency trading might still be in its infancy, but one platform believes by combining features of decentralization and centralization, they can reduce the barriers to entry for beginner traders.
1694XDEFI will challenge MetaMask’s dominance of the browser wallet space by offering a new user experience for decentralized finance and nonfungible tokens.
7298A cross-chain DeFi and NFT farming project plans to release 400 collectible chimps as part of efforts to remove intermediaries and connect artists with audiences on the blockchain.
2530“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said.
5858THORSwap users can now transact across Bitcoin, Litecoin, Binance Smart Chain and Bitcoin Cash networks.
3485Crypto is still at an early stage, but with NFTs and DeFi, blockchain is obviously the future of fintech and not just a bubble.
16937Until cryptocurrency is accessible to people for non-investment purposes, the market’s growth runs the risk of stagnating.
16392On the back of the incredible crypto market recovery and the boom in NFT markets, the DeFi market has grown 18% in October.
14005China’s wide-spanning crypto ban puts a hefty dent in token values, but the surge in DEX volumes and BTC’s pop above $55,000 suggest the move was a blessing in disguise.
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