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…
In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 spot and is now positioned in the 79th rank…
Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back. In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in Mt. Gox rehabilitation process, confirmed that he was “preparing to make repayments” to account holders. Cash, Bitcoin or Bitcoin Cash? Over eight years after…
When you are looking for information about certain transactions or tokens on the Solana blockchain, SolScan is the tool to use for this purpose. This tool is trusted by many venture capitalists, such as Solana Ventures and Alameda Research. In addition, there are over 2 million monthly users, totaling over 180 million data requests. Related: What is Solana, and how…
In brief DeFi lending platform Teller has launched a buy now, pay later service for NFTs. The Polygon-based Ape Now, Pay Later service supports 10 notable NFT projects at launch. Even at deflated prices amid the ongoing crypto market decline, a Bored Ape Yacht Club NFT will run you about $104,000 worth of ETH on the low end. Decentralized lending…
Russia continues sending mixed messages about the legal status of cryptocurrency, with a parliament official urging to launch crypto trading on the country’s largest stock exchange. The Moscow Exchange (MOEX) is the best match for hosting a regulated crypto exchange in Russia, according to Anatoly Aksakov, head of the Russian Banking Association and a financial committee within the State Duma.…
