Markets

dForce, a Chinese decentralized finance (DeFi) protocol that is backed by Multicoin Capital, has reportedly been exploited. According to a popular DeFi monitoring resource, the total value locked (in USD) in dForce, was reduced from around $25 million to almost nothing in a matter of hours. DeFi Lending Protocol Exploited A well-known DeFi protocol, dForce Network, was reportedly exploited recently. Its lending solution, Lendf.Me, representing an open-source money market protocol, was...

At the time of this writing, Bitcoin is trading at $7,230 with $32.46B volume and a $132.56B market cap after trading below $7,000.00 for most of the past week. Those who have been “long the dip” when it hit the $4,000’s market have already almost doubled their money. The question remains to be seen as to what the weeks that lie ahead predict for the price of Bitcoin and whether or not the bottom is already in. Has Bitcoin Already Bottomed? With the impacts that COVID-19 had initially,...

The bitcoin halving has got everyone on edge, and searches surrounding the term are at an all-time high.What’s Going to Happen with the Bitcoin Halving?Bitcoin has halved in the past, so it’s not like the event scheduled for this coming May is anything special. However, many analysts say that bitcoin’s future may ride on this single halving for several reasons, as it will likely determine whether bitcoin’s price spikes to its all-time high again.A halving means that the number of block...

One of the world’s leading cryptocurrency asset management companies, Grayscale Investments, has registered its strongest quarter to date. Despite the violent price developments in the market, the firm has raised over $500m, and its 12-month product inflow crossed the $1b mark for the first time. Grayscale On The Rise According to the quarterly report published earlier this week, the company saw inflows of  $503.7 million over the past three months. The number is nearly twice as much...

Das Bitcoin Halving rückt immer näher und mit ihm die Hoffnung, der BTC-Kurs könnte deutlich zulegen. Traditionell führt das Halving immer zu einem klaren Kursplus, doch ist dieses auch in der aktuellen Marktlage zu erwarten? Eine Fraktalanalyse sagt: Ja!Bitcoin News: Bitcoin könnte vor dem Halving um 35% steigen9.000 US-Dollar ist die Marke, die eine neue Analyse für den BTC-Preis vor dem Halving ausgegeben hat. Bereits am Montag soll die Rallye losgehen und den BTC wieder in Richtung...

In less than a month, the third Bitcoin block halving, arguably the most anticipated event in the crypto space as of now, will take place. After the halving, the reward that miners receive for verifying transactions and maintaining the Bitcoin network will be cut in half. In theory, the price of Bitcoin should increase after rewards divvy up, as it means Bitcoin will become even scarcer. Recall these mining rewards are the way new Bitcoin is created, and cutting them in half means that new...

The total value transferred on the Ethereum network reached full parity with Bitcoin last week. It’s mainly due to the increasing role of stablecoins in the market as they are responsible for 80% of all transactions on the Ethereum blockchain. Ethereum Network Transfer Value Parity With Bitcoin A publication revealed by Ryan Watkins, a researcher in the cryptocurrency intelligence firm Messari, showcased the comparison in transferred value on Ethereum and Bitcoin. Transferred Value On...

FTX derivatives exchange launched early 2019 with more than $400 million worth of daily trading volume, has recently announced plans for a new product: the BVOL tokens, which will be available to non-U.S. users. The new tokens are ERC20-based tokens that attempt to track the volatility of the crypto markets through exposure to the FTX MOVE contracts that represent the absolute value of the amount Bitcoin (BTC) moves over daily, weekly and quarterly periods. The new tokens aim to become the...

The luckiest company today is Gilead Sciences. After its announcement about the successful coronavirus treatment the company has found, its stock started growing. Right now, Gilead Sciences (GILD) stock is trading at $82.115, or 7.28% up.The market is in the green today, as investors are becoming more optimistic. After the opening, stocks soared, market indices jumped. Dow Jones futures are 1.99% or 465 points up at the moment of writing, at 23,872.00. Dow Jones Industrial Average has jumped...

The time until Bitcoin’s halving is slipping away as there are now less than 25 days until the long-awaited event. It will slash the block reward in half and miners and reduce the overall supply of freshly minted bitcoins on the market. According to many, and to history, this is a major bullish catalyst for Bitcoin’s price. After a week of rollercoaster rides, the price for the largest cryptocurrency has once again returned over $7,000. From a low of around $6,550, Bitcoin’s price surged...