Ad XRP Perpetual Futures Open Interest (PFOI) has shot up significantly since March 24 to around $610 million at its peak. Open interest refers to the number of open futures contracts traders hold at the end of a trading day. It is commonly used to gauge market sentiment and the strength underlying price moves. Whereas…
Ad U.S. banking giant Citigroup believes that mass adoption is six to eight years away and will be driven by central bank digital currencies (CBDCs) and the tokenization of financial, gaming and real-world assets, according to the lender’s latest blockchain report. Citi compared blockchain innovation to the early days of gas-powered vehicles or digital cameras…
Ad DappRadar’s latest report on the state of DeFi showed that the industry saw a successful quarter, despite the difficulties it faced at the end of 2022. The ongoing bear market only affected the number of active users interacting with DeFi apps. According to the report, the number of daily unique active wallets (dUAWs) decreased…
Ad As the world increasingly relies on artificial intelligence (AI) to power everything from search engines to self-driving cars, it’s no surprise that traders and investors are turning their attention to the intersection of AI and cryptocurrency. The intersection of AI and cryptocurrency is quickly becoming a hot topic among traders and investors alike, with…
Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 4 days ago
Ad Algorand (ALGO) — the blockchain-based cryptocurrency protocol that leverages proof-of-stake technology — is up over 12% in 24-hour trading following the announcement of its partnership in India. Algorand’s recent push into India On Mar. 29, ALGO reported that it has secured a partnership deal in India with AlgoBharat, a move it hopes will support…
Ad Liquid staking is the best-performing crypto sector in the last 24 hours after rallying by more than 15%, according to CryptoSlate data. According to the data, all seven projects in the space soared by more than 5%, with two of them — Lido (LDO) and Frax Share (FXS) — among the top five gainers for…
Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 4 days ago
Ad Bitcoin rose above $28,000 on March 29, recovering from regulatory pressures caused by the Commodities Futures Trading Commission (CFTC) filing against Binance. CFTC alleges Binance violated commodities law On March 27, the CFTC sued Binance, CEO Changpeng Zhao (CZ), and Compliance Lead Samuel Lim — alleging the defendants had violated commodities regulations. The complaint…
Ad The total market cap (TMC) of crypto assets lost nearly half of its value between January 2022 and September 2022, according to a recent report by crypto intelligence company CipherTrace. However, the report did note that the TMC grew over 20% between the third and fourth-quarter of 2022. Crypto market cap (Source: CipherTrace) According…