According to data aggregator DeFi Llama, nearly $79 billion in assets are currently locked in decentralized finance protocols. As such, DeFi’s TVL is currently equal to roughly twice the capitalization of third-ranked crypto asset Binance Coin, nearly one-third of Ethereum’s market cap, and on-par with the capitalization of top 200-ranked global company Snap Inc —
Altcoins
Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM)
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Stock-to-flow creator doesn’t think Bitcoin’s bull market is done Bitcoin’s
As the decentralized finance (DeFi) industry grows, new exchanges and liquidity pools constantly emerge. For the average investor, keeping track of all of them and finding the best yield opportunities has become increasingly complicated. The situation becomes even worse as centralized exchanges also offer staking opportunities. Therefore, the need for a liquidity aggregator that connects
Publicly-traded cryptocurrency mining firm Argo Blockchain will launch a Bitcoin (BTC) mining pool powered solely by clean energy, the company announced on March 26. Argo has partnered with fellow eco-friendly mining firm DMG Blockchain to create Terra Pool — a Bitcoin mining pool consisting of a hash rate derived from both company’s hydroelectric power sources,
Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services. Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards that offer cashback rewards in Bitcoin and StormX (STMX) has joined the crowd.
After recording new all-time highs all throughout 2021, the value of Theta (THETA) dropped 25% in less than 24 hours leading into March 25, following news that the project’s mainnet launch had been pushed back two months. Theta is a blockchain-based video streaming platform that was gearing up for its official Mainnet 3.0 launch next
On March 24, Tesla CEO Elon Musk announced that U.S. buyers are now able to purchase Tesla vehicles with Bitcoin (BTC). Musk also tweeted that Tesla will not convert BTC payments into fiat but will add to its existing treasury of about 48,000 Bitcoin. Wedbush Securities analyst Dan Ives expects Bitcoin to account for less
Cryptocurrency traders — according to the findings of a new study commissioned by the United Kingdom’s Financial Conduct Authority — are a young and diverse bunch who are not always level-headed in their investment choices. The study, conducted by the international strategy consultancy BritainThinks between mid-August 2020 and late January 2021, was based on a sample of
On March 23 the Coinbase listing ‘bump’ reemerged as the exchange announced that it would list Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) on Coinbase Pro. A blog post from the top U.S.-based cryptocurrency exchange stated that inbound transfers for ANKR, CRV and STORJ are available beginning March 23 with trading set to “begin on
Ripple’s native blockchain asset XRP surged to its one-month high on Monday as traders grappled with the prospects of its re-listing on cryptocurrency exchanges. The seventh-largest cryptocurrency experienced a dramatic decline in recent months after the US Securities and Exchange filed a lawsuit against its parent company, Ripple Labs, for its alleged role in selling
The privacy-centric web browser Brave will soon integrate a dedicated Binance Smart Chain wallet, according to a recent announcement, opening up the browser’s users to BSC’s ecosystem of DeFi products. Although Brave can already be configured to jump onto Binance Smart Chain manually, the addition of a preconfigured wallet is expected to simplify the process,
Cristiano Ronaldo became the first soccer player to be rewarded for his career achievements in cryptocurrency, after the Juventus F.C. star received 770 JUV tokens — one for each senior career goal scored, as reported by Spanish outlet Marca. JUV is the official Juventus fan token, launched in 2019 by the Italian football club on
Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to drive the price higher and start the next leg of the uptrend. One of the developments that could be bullish for
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Sanja Kon, CEO of Utrust Sanja Kon is the CEO of Utrust, a blockchain-native payments ecosystem that wants
Cardano (ADA) made a run at its all-time price high on March 18, following renewed retail interest in the asset. It ultimately hit a price of $1.47 on Thursday, based on TradingView data from the Kraken exchange — just short of its $1.48 all-time price high, set on Feb. 27. Cardano’s 1-hour chart shows the asset