DeFi protocol Aave is planning to launch its very own stablecoin, the project’s founder announced today. “We have created an ARC [Aave request for comments] for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO,” the announcement posted on Twitter by Aave founder Stani Kulechov read. This means Aave’s proposal for a new stablecoin is now…
Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific, and Riot Blockchain in selling part of its Bitcoin holdings. In a Thursday blog post, Argo said it sold 637 Bitcoin (BTC) in June for an average price of $24,500 — roughly $15.6 million. The company planned to use the funds to reduce its debt to Galaxy Digital, from…
In brief U.S. Senator Cynthia Lummis appeared on the latest episode of Decrypt’s gm podcast. She told Decrypt that she’s learning about NFTs from her crypto bill co-sponsor, Democrat Kirsten Gillibrand. U.S. Sen. Cynthia Lummis has been described as the “Bitcoin Senator” and the Senate’s “crypto queen” given her support of crypto assets and attempts to draft legislation regarding their…
A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls’ fate. BTC-USD 12-hour price. Source: TradingView Despite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have significantly improved since June 30…
After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92% dominance or $48.17 billion of today’s $77.11 billion. Meanwhile, Tron’s…
After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92% dominance or $48.17 billion of today’s $77.11 billion. Meanwhile, Tron’s…
Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game where users collect, breed, raise and battle NFTs called Axies for monetary rewards. As the market topped and then entered what has become a deep bear market, AXS price retraced from an all-time…
Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency. Tornado Cash Classic UI became fully open-sourced on Thursday, the protocol’s anonymous developers announced in a Medium blog post. Although the protocol’s UI has been decentralized since 2020, its open sourcing means anyone…
Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of the country’s Conservative Party but will remain head of state until a replacement has been found. In a speech in front of 10 Downing Street in London on Thursday, Johnson said “it is clearly now the will of…
Retail trading app Robinhood has enabled bitcoin transfers in and out of its app for all users, the company’s Twitter account announced Thursday. “Crypto transfers are here,” the tweet read. “You can now send and receive all listed crypto assets on Robinhood.” The tweet featured a video in which the company announced it won’t charge fees for bitcoin transfers out…
