This integration with established financial institutions is expected to provide substantial support for the crypto sector. Hashdex, a leading global crypto-focused investing company, has unveiled its much-anticipated “2024 Crypto Investment Outlook – Opportunity meets Optimism”. The forecast delves into the expectations for the upcoming year and beyond, providing insights from Hashdex’s leadership and digital asset experts. Marcelo Sampaio, Co-Founder and CEO of Hashdex expresses optimism...
Read More »Mantle Launches Liquid Staking Protocol, Aiming for Top 3 in Decentralized Staking
Mantle, Ethereum’s Layer 2 platform, launched Mantle LSP, a liquid staking protocol. It positions itself among top providers, competing fiercely for the third spot in liquid staking volume, challenging rivals Lido and Rocket Pool. This Monday, Ethereum’s Layer 2 platform Mantle announced the launch of Mantle LSP “a permissionless, non-custodial ETH liquid staking protocol”. This marks the second key product from the Mantle ecosystem following the main Mantle network released in July 2022....
Read More »Bitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top 10 Asset
Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock. Crypto watchers might remember that a few years ago, Bitcoin was declared the top-performing asset of the 2010s, even beating out competitors like gold and stocks like Apple Inc (NASDAQ: AAPL). Now, it seems history is repeating itself, according to Infinite Market Cap, a platform that tracks the market capitalization of thousands of assets. As per...
Read More »Three Reasons Why Shiba Inu (SHIB) Price Soared 10% Today
TL;DR Shiba Inu (SHIB) saw a 10% price increase, influenced by the overall positive trend in the crypto market, with Bitcoin reaching $42,000. SHIB’s rally could be partly due to the success of Shibarium, its layer-2 blockchain solution, which recorded a dramatic increase in daily transactions, peaking at 7.84 million on December 3. The rise in SHIB’s value could also be attributed to its aggressive burning program, with a 1,000% increase in burn rate in a week leading to...
Read More »Brazilian Bank Itau Unibanco Rolls Out Bitcoin and Ethereum Trading Services to Customers
Reuters said the launch of the BTC and Ether trading services by Unibanco comes a few months after two of the country’s companies exited the crypto market. Brazilian banking giant Itau Unibanco has joined the crypto bandwagon with the launch of digital asset trading services for customers as part of its investment platforms, Reuters reported Monday, citing an interview with the company’s digital asset head Guto Antunes. According to the report, the financial services company, standing as...
Read More »Jellyverse Lands $2M in Seed Funding to Accelerate DeFi 3.0 Revolution
In addition to portfolio management, Jellyverse will feature JellySwap, a decentralized exchange that will serve as home to its native crypto JLY. Jelly Labs AG and Fintonomy LTD, the companies developing the initial protocols for Jellyverse, a decentralized finance network built on the Ethereum Virtual Machine (EVM)-compatible layer-2 DeFiMetaChain (DMC), have announced the completion of their joint seed funding round. According to a press release shared with Coinspeaker, the two...
Read More »Coinbase and MicroStrategy Stock Jump Almost 9% amid Bitcoin Rally
With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc (NASDAQ: MSTR) emerging as key beneficiaries in this unique correlation. In the past 24 hours, both COIN and MSTR stocks...
Read More »Osmosis DEX and Umee UX Chain Announce Network Merger to Enhance Services and Liquidity
The collaboration between Osmosis and the UX chain will focus on addressing potential security vulnerabilities and shared liquidity to enhance growth prospects. The ultimate growth of blockchain technology has been pegged to the multi-chain capabilities, whereby the Cosmos (ATOM) network has described it as blockchain 3.0. In the context of multichain capabilities, Osmosis (OSMO), a leading decentralized exchange (DEX) on the Cosmos ecosystem with more than $128 million in total value...
Read More »Binance Launches Anchored Coins EUR (AEUR), Celebrates Listing with Promo Offer
Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future. Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by 10:00 (UTC). For a start, however, only four trading pairs will be supported. They are AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR. As Binance...
Read More »Blockstream CEO Forecasts Bitcoin Surpassing $100K before BTC Halving, Sparking Divided Reactions
Anticipation is building for the approval of a spot Bitcoin ETF in January 2024. If it happens, it could bring a significant influx of at least $12 billion to $14 billion into the BTC market, potentially driving up the price. A bold Bitcoin (BTC) price prediction by CEO Adam Back of blockchain technology company Blockstream has sparked both optimism and skepticism within the cryptocurrency community. Back believes BTC could exceed $100,000 per coin before its next halving event, but his...
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