Bitcoin mining pool and software company Luxor Technologies has introduced the latest version of its data platform, Hashrate Index. The tool enables users to gauge the state of the bitcoin mining industry by providing insights on a series of related metrics, including hashprice, which shows miner revenue per hashrate, and rig price, which compares mining rigs in cost, efficiency, and…
The cryptocurrency market has been under a period of duress, with a majority of the tokens in the cryptoverse witnessing a price slump that has set in since the first week of December. The flagship cryptocurrency token, Bitcoin (BTC), underwent a flash crash on Dec. 4, wherein the price of the token fell below $50,000 in nearly two months, as…
Solana (SOL) has become a top contender in the smart contract industry and in the past year the network’s total value locked (TVL) grew by $660 million and stretches across more than 40 decentralized applications to hit an all-time high above $11 billion. Even with this growth, investors have reason to question whether the current $56 billion market capitalization is…
The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL. Defi Tokens YFI and CVX See 7-Day Double-Digit…
In a Friday press conference, Central Bank of Russia governor Elvira Nabiullina further escalated the fear, uncertainty, and doubt (FUD) surrounding the state of crypto regulation in the country. When asked about the rise of digital assets, Nabiullina gave the following remarks, as reported by local news outlet finmarket.ru and translated by Cointelegraph: You know that our attitude towards cryptocurrencies is…
Apparently, it only took a pandemic for the writers behind the animated TV series South Park to offer their take on nonfungible tokens (NFTs) and cryptocurrencies… and it’s not a positive outlook. In its “Post COVID: The Return of COVID” special that aired Thursday, South Park depicted one of the show’s protagonists, Leopold “Butters” Stotch, also known as Victor Chaos,…
DeFi enthusiasts can now deposit Ethereum and earn their interest back in stablecoins like DAI or even DAI on Vesper Finance, which has rolled out a whole batch of crypto pairs through which users can mix and match deposits and interests. Vesper is a lending platform that lets users earn interest in various cryptocurrencies. Before today, interest could only be…
Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100. YFI/USD daily price chart featuring its four-day bull run. Source: TradingView The gains surfaced primarily as Yearn Finance revealed that it has been buying back YFI en masse since November…
The United States Securities and Exchange Commission continues to delay decisions on Bitcoin (BTC) exchange-traded funds (ETF), issuing two fresh deadline extension notices. On Wednesday, the SEC postponed two major Bitcoin exchange-traded offering proposals, including NYSE Arca’s “actual” Bitcoin ETF, named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF. The SEC now expects to decide whether to approve…
beginner Changelly announces the addition of another token to the family of over 200 cryptocurrencies available on the platform. From now on, ALPACA tokens can be easily and quickly exchanged at floating rates. ALPACA is the token delivered by Alpaca Finance. It is used to reward the project’s participants and bootstrap the ecosystem. Alpaca amplifies the liquidity layer of integrated…
