The decentralized finance (DeFi) sector has surged in prominence, becoming a keystone of the cryptocurrency ecosystem. Amidst thousands of projects, insightful analysis on development activity can illuminate which platforms show promise for growth and community engagement. Recently, the crypto analytics platform Santiment released a report detailing the top ten DeFi projects based on their development
Crypto
In a significant development for the cryptocurrency landscape, Grayscale, a well-known cryptocurrency asset manager, announced the launch of its new Trust dedicated to tracking Ripple’s native token, XRP. This move signals a notable pivot in the narrative surrounding XRP, especially in light of its ongoing legal battles and market volatility. With Grayscale’s track record of
In a significant development for cryptocurrency enthusiasts, Coinbase, the largest cryptocurrency exchange based in the United States, has launched its new Wrapped Bitcoin product, known as cbBTC, on two major blockchain platforms: Base and Ethereum. This launch follows the integration of the Lightning Network by Coinbase earlier this year, aimed at streamlining Bitcoin (BTC) transfers,
The landscape of cryptocurrency trading in the United States has experienced a significant shake-up with the recent actions of the Securities and Exchange Commission (SEC) against eToro. The financial services platform, known for its accessibility to retail investors, is set to discontinue trading for the vast majority of its cryptocurrency offerings. This decision, prompted by
Recent fluctuations in the cryptocurrency landscape witnessed Bitcoin (BTC) sinking to around $55,500 and Ethereum (ETH) dipping to $2,200. This decline triggered widespread anticipation of further struggles, leaving many to brace for a deeper recession in the market. Surprisingly, the market reacted differently than predicted; a swift rally in altcoins emerged, defying the bearish predictions
The cryptocurrency arena remains abuzz with speculation following the recent activity from a wallet tied to the now-defunct FTX exchange and its affiliated firm, Alameda Research. On September 12, the blockchain surveillance service PeckShield reported that this wallet redeemed a notable 177,693 Solana (SOL) tokens, with a staggering value of around $23.75 million. This transaction
Over the past two weeks, the cryptocurrency market has witnessed an 11% correction in bitcoin’s price, leading to extremely volatile trading conditions. Despite a brief rebound to $58,000, bitcoin still has a long way to go before reaching its all-time high levels. According to on-chain data from Santiment, wallets holding less than 1 BTC have
Nubank, a prominent fintech bank, made headlines with the recent announcement of suspending trading for its own cryptocurrency, Nucoin. The cryptocurrency, which was introduced as part of a reward program on the Polygon blockchain, will no longer be available for buying or selling within the bank’s app. Instead, it will function solely as an asset
After conducting a thorough analysis, it has been noted that ITC Crypto founder and CEO Benjamin Cowen has highlighted a wedge chart pattern that is currently evident in the market. This pattern resembles previous cycles in 2019 but on a much larger scale. Additionally, the ETH/BTC structure seems to have bottomed out following an interest
Bitcoin’s recent surge from $53,600 to over $58,000 has left the community wondering about the underlying reasons behind this impressive pump. One of the key factors contributing to this surge could be the US spot Bitcoin ETFs. Since their inception in mid-January this year, these ETFs have had a significant impact on Bitcoin’s price movements.
