Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few weeks, with no significant gains in the period. ETH was also marginally higher. Bitcoin The volatility in crypto markets was once again present during Wednesday’s session, as BTC moved marginally…
Bitcoin (BTC) showed strength at the June 8 Wall Street open as impatient traders waited for a trend to emerge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin still in “no trade zone” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD jumping to near $30,850 after the opening bell, helping claw back some of the ground lost in an overnight…
Ethereum’s Merge—the blockchain’s much-anticipated transition from its current proof-of-work (PoW) mechanism to a proof-of-stake (PoS) consensus algorithm—will be one step closer today if the planned trial upgrade on the Ropsten public testnet goes as planned later today. First rolled out in 2016, Ropsten is Ethereum’s oldest testnet that allows for blockchain development testing before deployment on the mainnet. Similar to…
Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn yields on proof-of-stake (PoS) cryptocurrencies that include binance coin, solana, avalanche, livepeer, graph, cosmos, and audius. Binance US Adds Staking Services On Twitter, Binance US explained the company is now…
In January, the United States Federal Reserve Board of Governors released a discussion paper on a potential U.S. central bank digital currency (CBDC) titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation.” The comment period for the paper ended May 20, with the Fed receiving over 2,000 pages of comments from individuals alongside responses from leading…
Flagging markets and the Terra crash in May did not leave decentralized apps unscathed, but the ecosystem already appears to be staging a recovery, according to a new report from DappRadar. The number of daily active unique wallets that interacted with dApps slid to 2.2 million last month, according to the report, down 5% from April. That’s the lowest that…
Edge, the company behind the popular Edge cryptocurrency wallet, today announced the launch of its new Confidential Mastercard that requires no KYC or personally identifiable information to use. “Not a name, not a phone number, not an email address,” Edge Co-founder and CEO Paul Puey tells Decrypt. “Definitely not your actual address, nothing. You can create a virtual card in around…
Following Terra’s $40 billion implosion last month, the Cosmos ecosystem is on the hunt for a new decentralized stablecoin. Today, the team at cross-chain protocol Umee announced DAI will be filling that gap. “The UST collapse made it absolutely clear that the Cosmos ecosystem needs a robust, safe stablecoin,” Umee’s CEO Brent Xu told Decrypt. “Looking ahead, Umee’s broader mission…
press release PRESS RELEASE. Zug, June 08, 2022 — As markets continue to tumble, Arrakis Finance, a yet relatively unknown & tokenless project, just reached a new milestone — a total value locked of $1 billion. DeFi TVL overall fell from $224B on April 1 to $109B on May 30, dipping by 51%. While nearly all major DeFi projects and…
As cryptocurrencies and NFTs surge in popularity, their environmental impact remains a reliable cudgel of critics. Rebecca Lamis, the co-founder of UnicornDAO, sees projects like the new Quantum Art installation in Santa Monica, Calif., as a way to change the narrative. “In a lot of ways, this space is becoming more mainstream,” Lamis told Decrypt at the Quantum grand opening…
