Markets

It would need a substantial infusion of liquidity from top assets for DeFi to truly achieve mainstream significance and get transformed into a trillion dollar ecosystem. Right now the decentralized finance ecosystem can only access a tiny section of the $2 trillion cryptocurrency market. KnitFinance aims at enabling Multiple Blockchain networks to conduct DeFi transactions, and reducing entry barriers and asset risk for potential users. For this the platform has achieved a few milestones...

Pera Finance is a multi-layered and sustainable trading & yield farming protocol integrated with a fully-decentralized daily trading competition.The Decentralized Finance (DeFi) market which according to CoinGecko is worth over $138 billion [at the time of writing], has become one of the most profitable ways for investors to earn passive income. The advent of these protocols means that anyone can simply stake or lock up a certain amount of digital assets in a liquidity pool and earn...

The second-largest cryptocurrency by market cap, Ethereum, has recently crossed the $3,000 mark for the first time in history. Earlier on Friday, VanEck has filed for an Ethereum ETF with the SEC. VanEck has already submitted a Bitcoin ETF, which is pending review – this is their first Ethereum ETF application. If successful, it will become the first Ethereum ETF to be available on US stock markets. Ethereum’s Growing Momentum Ethereum (ETH) has been hitting new highs on...

The past seven days were particularly favorable for altcoins. This is mainly because bitcoin fails to produce any major gains in comparison, which has seen its total market dominance drop down to 44% – a level last seen back in 2018. It’s worth noting that the primary cryptocurrency is up more than 6% on the weekly, which is in no way inconsiderable. Last weekend we saw an attempt for a breakout, but bears stepped in and prevented it. The same thing happened on Monday when...

Registrations for the Centrifuge protocol token sale have started and live up to May 21st. Check the below details on registerations and timelines.The real-world DeFi protocol Centrifuge is all set to bring the multi-trillion dollar real estate market to Decentralized Finance (DeFi). As a result, Centrifuge has announced to conduct its token sale on the Coinlist platform.Centrifuge thus announced that the registrations for its token sale are now open with two different options: Option 1 will...

Ethereum’s price has been performing incredibly well for the past couple of weeks. Over the past 14 days, ETH is up more than 42% and more than 60% over the past month. This is not only true for its dollar value – ether is doing remarkably well trading against bitcoin. In fact, at the time of this writing, ETH’s dominance sits at 16.9%, whereas BTC’s dominance stands at 44.3% – the lowest it has been in almost three years. In other words, Bitcoin’s total market cap is...

Large American banking organizations are rushing into the cryptocurrency industry, according to recent reports. Goldman Sachs, a former Bitcoin critique, has enabled its institutional clients to trade BTC derivatives, while Citigroup is looking into releasing crypto-related services amid growing demand. Goldman Clients Trade BTC Derivatives Out of the largest US-based banking institutions, Goldman has perhaps the most controversial history with the crypto space. The entity...

As Ripple has stated, the surge in sales resulted from the increase in its On-Demand Liquidity (ODL) customers. Besides, it expanded XRP integration within several platforms.The first three months of 2021 turned out to be highly fortunate for Ripple, the company behind XRP. In the report released on Thursday, Ripple revealed it increased its XRP sales by 97% in the first quarter of 2021, it reached $150.34 million. In comparison, in Q4 2020, this figure was $76.27 million.Q1 2021 was...

Stellar was first released more than six years ago, and it is now widely regarded as one of the safest, most cost-effective, and fastest payment solutions available on the market. It was developed by the Stellar Development Foundation, and due to its significant strengths, it was quickly adopted by various companies. And now, 1xBit joins that list, allowing its users to bet and play casino games on their website using Stellar. What makes Stellar so good? The first major...

Bitcoin cash price started a fresh surged above the $1,000 barrier against the US Dollar. The price is now trading well above the $1.200 support level and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $1,360 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct lower, but dips are likely to remain well bid near the $1,200 level. Bitcoin cash price rallied over 30% and it broke the...