On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. The proposal, dubbed “SLND1 : Mitigate Risk From Whale,” was abruptly launched on Sunday without announcement and the vote closed with a 97% approval rating. The scandal comes…
Bitcoin is flashing some early signs of a relief rally, and SOL, LTC, LINK and BSV could follow if bulls reclaim $20,000 as a support level for BTC. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-sol-ltc-link-bsv
The crypto winter is here. It’s a trying time as prices grind down, but it’s the best moment to build and learn. For some Bitcoiners, the bear market is a time to plant trees or create memes. For those with kids, it’s a welcome recess used to broaden the minds’ of Bitcoin (BTC) minors. Cointelegraph spoke to the creators of popular…
After a weekend of relentless losses, crypto’s top two coins made marginal recoveries on Sunday, rising above $20,000 and $1,000, respectively. BTC has recovered by just over 15% in the last 24 hours, rebounding from a shocking low of $17,772 yesterday, to $20,482 at time of writing, according to data from CoinMarketCap. ETH, which plummeted to $898 yesterday, has recovered…
Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states that Binance did not adapt to provide the new…
Bitcoin is the flagship cryptocurrency. It provides simple and near-instant money transfers between individuals and entities. As such, bitcoin gives businesses the opportunity to engage with Generation Z like never before. Your company can start using bitcoin and reap the benefits of doing so long into the future. To understand why, let’s answer some of the biggest questions surrounding how…
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume Tends to Come to OTC…
Illustration by Mitchell Preffer for Decrypt This week was easily the industry’s worst of 2022: Prices crashed across the board, with every leading project sinking by double-digit percentages over seven days. Market leaders Bitcoin and Ethereum hit lows not seen since 2020 as crypto’s total market cap briefly bottomed out near $845 billion, more than two-thirds below the all-time high…
Crypto is in a brutal bear market and every day brings more price pain. But you wouldn’t know it from the flood of party invitations for NFT NYC this week. The event, which is more like a week of disjointed parties across Manhattan and Brooklyn than a typical conference in one building, will bring anons with Ape, Punk, Doodle, and…
Sam Bankman-Fried weighed in on the current Three Arrows Capital crisis via Twitter, with the FTX founder and CEO saying it “couldn’t have happened with an on-chain protocol that was transparent.” Singapore-based crypto investment firm 3AC last week was rumored to be insolvent after allegedly failing to meet margin calls from several lenders, including BlockFi and financial services company Genesis,…
