Author: finance
When considering the potential of the current cryptocurrency market, the focus often falls on Bitcoin, the world’s most valuable crypto asset. Recent research from Moulik Nagesh of Binance suggests that a major shift in Bitcoin’s DeFi (Decentralized Finance) potential is on the horizon. Currently, only 0.79% of Bitcoin is actively involved in DeFi, meaning there is a vast potential for growth. This article will delve deeper into the implications of this shift, its potential impact on the financial landscape, and provide recommendations on the best cryptos to invest in today. # What Could the Integration of Bitcoin into DeFi Mean…
In the rapidly evolving realm of decentralized finance, Silo, a non-custodial DeFi lending marketplace, continues to make strides by unveiling its upgraded V2 protocol on Sonic (S). This forward move, announced on 14th March, signals its transition from beta phase to operational, following a stringent auditing process. The expanded isolated lending markets of Silo V2 have already garnered attention in the industry, with over $400 Million in assets under their belt. The horizon looks promising as Silo has further developments planned on platforms like Arbitrum (ARB), Base (BASE), and other Ethereum (ETH) Virtual Machine (EVM) Layer-2 (L2), and EVM-compatible chains.…
Immerse yourself in the world of cryptocurrency with Tonkeeper Pro, a leading self-custody crypto wallet based on The Open Network (TON) blockchain. Recently enhanced to best serve your needs, Tonkeeper Pro can now manage Tether (USDT) TRC20 tokens without the need of Tron (TRX), according to recent updates shared with Finbold this Friday, March 14. Utilizing the integral Tonkeeper Battery feature, you can now fund transaction costs using either TON or USDT, transcending platform boundaries to include iOS and Android. Unlocking the Power of Tonkeeper Pro To avail this new TRC20 capability, simply open your Tonkeeper Pro desktop wallet, find…
Let’s dive into the intriguing world of cryptocurrency and its potential influence on the U.S. economy. The focus of this discussion is a concept paper uploaded to the U.S. Securities and Exchange Commission (SEC) website. This comprehensive document, aptly titled ‘Comprehensive Proposal: XRP as a Strategic Financial Asset for the U.S.,’ has piqued the interest of crypto enthusiasts and market analysts alike. # Comprehensive Proposal: XRP as a Strategic Financial Asset for the U.S. The five-page proposal provides a preliminary concept of how XRP, a digital token, could become a strategic element in America’s financial sector. It further discusses the…
Dive into the captivating world of cryptocurrency trading and the latest buzz in the industry, where an unexpected player has entered the scene – the renowned Trump Family. Surprising revelations suggest that the Trumps are in talks to take a stake in the US division of Binance, one of the world’s leading crypto exchanges. As this partially unexpected news unfolds, we break it down to provide you with a comprehensive understanding of the situation. Meanwhile, Changpeng Zhao, Binance’s co-founder, is reportedly racing against the clock to obtain a pardon from the Trump administration. # Trump Family Negotiating a Stake in…
Nations worldwide are progressively acknowledging the transformative influence of cryptocurrencies on the global financial landscape. Leading this shift is Brian Armstrong, the CEO of Coinbase, who reveals that more governments, including the United States, are exploring ways to integrate cryptocurrencies into their existing monetary systems. Coinbase, a prominent digital asset exchange, is playing a vital role in this endeavor by providing a range of services like trading, custody, and blockchain infrastructure to numerous US federal institutions and foreign organizations. This development reflects a growing recognition of the unique advantages offered by blockchain technology, including its inherent security and transparency. The…
The cryptocurrency industry has been experiencing a rise in the number of fraud cases related to Bitcoin ATMs. In response to this, the state of Nebraska has crafted a new law aimed at bolstering regulations on these cryptocurrency kiosks, in an effort to enhance consumer protection and prevent future fraudulent activities. Nebraska Governor Jim Pillen enacted the LB609 bill, also known as the ‘Controllable Electronic Record Fraud Prevention Act,’ which mandates crypto ATM operators to adhere to the state’s Money Transmitter Act, and also obliges them to communicate clear disclosures on service terms and associated fraud risks. Nebraska Intensifies Rules…
Engage yourself in an enriching journey through the tumultuous world of cryptocurrencies, where trends change faster than the blink of an eye. In this comprehensive analysis, we delve into the price action of Dogecoin, a digital currency that has captured global attention. From its recent price pressures, technical analysis, and future risks, we bring you an in-depth breakdown to help you stay ahead in the ever-evolving crypto market. # A Deep Dive into Dogecoin’s Price Trends Dogecoin’s trading performance has been bearing the brunt of high pressure lately, following the failure of another defensive line at the 0.175 dollar level.…
In today’s dynamic financial landscape, cryptocurrency has emerged as a revolutionary asset class. With its propensity for high returns, it has become the focus of investors globally. Yet, the unpredictable nature, coupled with the complex mechanisms of this digital asset, can often be overwhelming, even for seasoned investors. In such an environment, it is essential to have a reliable source of information that ensures one stays ahead in this high-stakes game. That’s where we come in. # Bitcoin (BTC) Faces a Downward Pressure Amid Market Uncertainty Bitcoin (BTC), the pioneering cryptocurrency, has been experiencing a significant bearish pull. With increased…
Welcome to an in-depth survey of the recent developments in Bitcoin adoption. This article presents a thorough examination, transcending the basic knowledge and offering you the expert insights you’ve been seeking. Powered by innovative analysis and sustained by hard data, our exploration offers a data-driven perspective on the changing tides within the Bitcoin investment landscape. Exploring the Increasing Adoption of Bitcoin Recent on-chain data analysis indicates an upsurge in Bitcoin adoption, hinting at a bullish future for the cryptocurrency. Increase in Bitcoin Holder Count Signals Growth Studies from prominent on-chain data analytics firm, Santiment, disclose a resurgence in the ‘Total…