Decentralized finance, commonly known as DeFi, has continued its unabated growth in the crypto industry as one of the metrics used to measure its progress, total value locked (TVL), has reached a new all time high of above $250 billion. DeFi TVL now over $250 billion During Bitcoin’s green run in October, the TVL of…
Shiba Inu has been making moves of late, hitting an all-time high of $0.00008876 last week and crashing the top ten to leapfrog Dogecoin in the process. However, since then, momentum for the divisive meme coin has slowed considerably, triggering a sell-off that bottomed at $0.00004264 on Thursday – a 52% drop in seven days….
Jack Dorsey’s Square in its recent quarterly earnings report has revealed that the firm made $1.8 billion in Bitcoin revenue and $42 million in profits. Square’s Bitcoin quarterly revenue dips for the second time this year According to the report, the $1.8 billion Bitcoin revenue the company made within the last quarter is an 11%…
Nervos today announced that “Godwoken,” the first EVM-compatible Layer 2 blockchain in the network’s multi-layer roadmap, is now in mainnet beta. Starting today, developers can apply to be part of Nervos as it aims to become the next major DeFi ecosystem in the blockchain space. Godwoken, our EVM compatible Layer 2 blockchain, is now live…
The non-fungible token (NFT) space has enjoyed lots of highs in recent memory with a cumulative sale worth hundreds of millions, however, with the mania about the space sputtering out, indications have emerged that there is still reason for optimism in the sector. More people are buying NFTs Reports from Delphi Digital have revealed that…
Aleph.im, a cross-blockchain computing network, and decentralized indexing provider announced today the launch of Serum Markets, to help surface valuable trading data on Project Serum, a protocol delivering the underlying liquidity infrastructure to dApps built on Solana’s fast and censorship-resistant blockchain. The induction of Serum Markets will vastly benefit Project Serum’s ecosystem, allowing Serum to…
If everything goes as planned, we can expect to see Wrapped XRP (wXRP) on Ethereum blockchain before the end of the year, according to an announcement made by Wrapped.com, a cross-chain wrapped assets service provider. XRP to be on Ethereum blockchain by December The announcement revealed that the Wrapped XRP (wXRP) would be backed 1:1…
Coinbase users can now borrow up to $1 million in cash using their Bitcoin as collateral, this information was revealed via the crypto exchange’s official Twitter handle. Coinbase users can borrow as much $1million in cash With this new feature, Coinbase customers in some selected states in the United States would be able to take…
El Salvador is planning a new creative endeavor to boost its Bitcoin-related transactions in the nation. The country is planning to build 20 new Bitcoin schools under their “My New School” program. As per El Salvador’s president Nayib Bukele, the surplus derived from the State’s Bitcoin Trust will be utilized in building these 20 schools…
One of the largest derivatives markets in the world, the Chicago Mercantile Exchange (CME) Group on Tuesday announced its plans to launch Ethereum-based micro futures by December 6. Meet the newest addition to the CME Cryptocurrency product line-up ‒ Micro Ether futures are arriving on December 6. Find out more: https://t.co/1J2oX55Uc3 pic.twitter.com/HbcK3rpaqU — CME Group…