A popular cryptocurrency analyst has highlighted potential trading opportunities for the native tokens of two decentralized finance (DeFi) projects, Aave and Compound, as both of these have managed to hold their positions throughout the bear market. According to the pseudonymous cryptocurrency analyst known as Altcoin Sherpa, who shared...
Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke about cryptocurrencies in his latest speech. He reiterated his stance on the crypto market and its definition as a security. The event was co-chaired by the SEC Director of the Division of Enforcement, Gurbir Grewal. However, there was something different this time around. The chairman’s views on jurisdiction appeared to be relatively liberal. The Chairman also agreed that the Commodities Future Trading Commission (CFTC) should have increased oversight on certain cryptocurrencies.
BitMEX co-founder Arthur Hayes, a well-known cryptocurrency enthusiast and trader, has recently discussed Ethereum’s move to a Proof-of-Stake (PoS) consensus algorithm through its Merge upgrade and its implications for traders. During an interview with Bankless, Hayes confirmed that he was long on Ethereum ahead of the upgrade, as...
DappRadar, in a new report, found that the overall total value locked (TVL) within the decentralized finance ecosystem (DeFi) declined by 10.47% in August. The total TVL now stood at $58.4 billion. According to the data from DefiLlama, DeFi TVL sat at $250 billion less than eight months ago. With only $58.4 billion, total TVL today stood at its April 2021 level when the DeFi ecosystem began gaining momentum. Furthermore, the total DeFi TVL has dropped by 55% as compared...
Ethereum Classic (ETC) has so far performed on the expected lines as The Ethereum Merge approaches. With the miners considering a shift to Ethereum Classic, the cryptocurrency looks set to benefit. However, concerns of a potential drop in Ethereum (ETH) price could impact ETC price momentum. Whether ETH would gain or lose around The Merge remains to be seen. On the other side, supporters of the proof of work mechanism could bolster Ethereum Classic’s chances going forward.
The very popular pseudonymous host of crypto market commentary show Coin Bureau explained his short to medium term price prediction for $ADA. According to a report by The Daily Hodl, in a video released on Thursday (September 8), “Guy” explained told the over two million subscribers of Coin...
Published 2 seconds ago Near Protocol price continued to print gains on Thursday. The price extends the gains of the previous session. In a broader crypto market recovery NEAR shows signs of strength. Does this look like the continuation of the current momentum of gains? As of press time, NEAR/USD is reading at $4.74, up 1.27% for the day. The 24-hour trading volume gained 10% to $418,501,241 according to CoinMarketCap data. Near Protocol extends the gains for the third straight day. The breach...
Ethereum Classic’s [ETC] hash rate grew substantially in the last three months. This was an expected outcome as Ethereum [ETH] shifts to Proof of Stake (PoS). Hence, many miners have opted to shift to ETC mining. A recent Binance announcement highlights more in store for ETC’s hash rate growth and exciting times ahead. The announcement revealed Binance’s plans to roll out a new ETC mining pool which will reportedly have no mining fees. One of the conditions of the announcement...
On Friday (September 9), the $BTC price went above the $20,000 thanks to a drop in the U.S. Dollar index (DXY), which tends to be inversely correlated with risk assets such as stocks and crypto. According to data by TradingView, on crypto exchange Bitstamp, around 4:00 a.m. UTC...
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