Markets

[PRESS RELEASE – Please Read Disclaimer]Before the Covid-19 pandemic, smart working was still a niche paradigm adopted by few software startups, freelancers, and nomad workers. Despite the unfortunate consequences of Covid-19 in the worldwide economy, the mainstream adoption of smart working as a de-facto paradigm in the job market, let many professionals appreciate its benefits, such as the flexibility, as well as the reduced commute and costs, and a more balanced lifestyle.Even after...

YFI took the crypto world by storm last month when it did the unthinkable and surged higher than Bitcoin’s price at the time.Since its launch in mid-August, the DeFi token pumped monumentally to top out at around $39,000. It is a prime example of demand through scarcity as the big draw for this asset is the fact that there are only 30,000 in existence.Since that giddy height, YFI retreated back to around $18,500 on September 5th. The news that Coinbase Pro will be listing the token has given...

Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360.Bitcoin Stopped At $10,500The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even increased towards its previous 2020 high at $10,500 yesterday. However, the bears stopped it before having the chance to conquer it. Ultimately, BTC...

Binance is willing to go big in the world of DeFi and is investing heavily in promoting its own ecosystem in a clear attempt to take some of the spotlights off Ethereum.During an online panel at The World of DeFi summit, Changpeng Zhao (CZ), the CEO of the world’s largest crypto exchange by trading volume, announced the creation of a $100 million fund to promote DeFi projects running on the Binance Smart Chain.“To bootstrap or to kick off the Binance Smart Chain, and to invite all the...

Bitcoin regulation has always been a rather controversial subject. On the one hand, the cryptocurrency is designed to stand alone and give people the chance to garner financial independence. However, if there is no regulation whatsoever for the world’s number one digital currency by market cap, things could wind up very bad with the space, and cybercrime and other malicious activity could continue to meander throughout the arena without limits.Steven Parker: Bitcoin Must Be Regulated...

As of late, bitcoin has not been the crypto space’s top performing coin. In fact, over the past few weeks, BTC has lost roughly $2,000 from its price, falling from about $12K to the low $10,000 range. According to San Francisco-based digital trading exchange Kraken, things could potentially get a lot worse for the world’s number one digital currency by market cap.Kraken: Things Will Not Be Good This SeptemberIn a recent report, Kraken reminded all traders and investors that September is,...

The BUYTEX team is currently doing the final preparations for the official launch: running all the necessary checks and tests so that exchange users get the most secure access to all the tools.Vincent Veisman who for the past year has been in charge of the Coinsbit exchange, has taken up a post of CBDO at BUYTEX, which is currently rolling out its high-tech cryptocurrency exchange.Vincent Veisman had been in charge of Coinsbit since 2019 (the exchange launched in 2018). Under his leadership,...

The increasing popularity of the DeFi sector is causing its tokens to outperform the entire Ethereum ecosystem.DeFi experiences a rebound having posted a surge of 19%. Over the past two weeks, the DeFi sector had suffered a strong drop — such that in the past week, it was even described by some analysts as ‘bloody.’ Now many investors are relieved after seeing such an encouraging recovery. Some tokens even saw a 50% price drop during the recent rough week. According to some analysts, the...

A few days after being hacked and drained for $5.4 million worth of digital assets, the European cryptocurrency exchange Eterbase claimed that it had tracked part of the stolen funds to Binance, Huobi, and HitBTC.The company asked for assistance from those exchanges and reassured its users that Eterbase will endure.$5.4M In Crypto Stolen From EterbaseLaunched in 2019, Eterbase is a relatively small Slovakia-based platform that describes itself as “the first regulation-compliant European...

Bitcoin’s price is still whipsawing between $10,420 and $9950, as of today, despite $11 billion which were flooding back into the global crypto market over the last 48 hours.It appears a vast majority of this new investment is pouring into Ethereum, which is enjoying a 7% daily price gain right now and is the best performing crypto-asset in the top 10 cryptos by market cap.According to recent Skew market data, there’s even been a notable uptick in ETH futures trading volume compared to BTC,...