Markets

DeFi continues to gain momentum as more in and outside the crypto world understand its immense potential. Take a look at some of the most promising DeFi projects.While Elon Musk and Dogecoin have seemed to dominate crypto headlines lately, for some, decentralized finance continues to prove popular and becomes an even more attractive opportunity to invest as the market is bleeding.DApp Radar revealed in mid-May how Polygon, a top platform for scaling and development on Ethereum, grew by 75,000...

Bitcoin has fallen into the dung heap. The currency – which last month hit a new all-time high of roughly $64,000 – is now trading for about $20,000 less and is trapped in the $43,000 range. It also looks like things are going to be unsteady for the next couple of weeks according to billionaire investor and former hedge fund manager Mike Novogratz. Mike Novogratz: Expect Things to Be Down for the Next Month Novogratz is arguably one of the world’s biggest bitcoin...

Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.Bitcoin (BTC) price fell below $40,000 for the first time in over three months, hitting an intraday low of around $36,000 at 7:30 am ET. The coin has dipped for the fifth day in a row, down 21.9% within the last 24 hours bringing its losses this month to over 35%, the most for a single month since November 2018....

Chia coin market price has jumped by approximately 30% in the past two weeks but now it is down nearly 30% in the last 24 hours.A huge demand for high-capacity Hard Disk Drives (HDD) that are typically used by Chia network users in the Proof-of-Space and time concept, has triggered a notable shortage in the HDD supply market, according to research conducted by Tomshardware.Reportedly, HDD market prices spiked in the United States as Chia users went in for more hardware storage to get frequent...

The enhanced volatility in the crypto market continues to harm leveraged traders as the liquidations in the past 24 hours are more than $8 billion. Naturally, roughly 90% of all liquidations came from long positions. It’s safe to say that the cryptocurrency market has seen better days. The entire capitalization saw around $900 billion evaporated in the span of a week. It all started with Elon Musk’s statement asserting that Tesla had stopped receiving bitcoin for its electric...

Apple is all gearing up for the launch of some powerful Mac machines ahead in the coming featuring its ultra-powerful in-house silicon hardware, a move aimed at getting rid of the Intel chipsets in near future.Last year, tech giant Apple Inc (NASDAQ: AAPL) announced a new series of MacBook Air and MacBook Pro laptops with the company’s indigenous M1 chipsets. This was Apple’s effort to reduce its dependency on Intel for its powerful machines. Now, the tech is also preparing for another series...

Ethereum price started a fresh decline from well above $3,500 against the US Dollar. ETH price is currently trading well below $3,500 and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $3,600 on the 4-hours chart (data feed from Coinbase). The pair must stay above $3,000 to start a fresh increase in the coming sessions. Ethereum price extended its decline below $3,500 against the US Dollar. ETH/USD is approaching...

Latest reports from China reveal that self-regulatory bodies have reiterated a ban on financial institutions and payment companies from providing banking services to crypto traders and related entities. Per the original report, the move stems from high volatility in the crypto market, which reportedly exposes people’s property to risk. In a joint statement by three industry organizations in the country, China claimed that the rise and fall of crypto prices is “disrupting...

Goldman Sachs executive Aziz McMahon has resigned from his position with the financial giant after garnering a massive cryptocurrency fortune. Aziz McMahon Is Out at Goldman Sachs This news is coming at a time when most cryptocurrencies are in the doldrums. Bitcoin, for example, has fallen from its recent all-time high of $64,000 per unit – initially achieved in April of this year – to about $48,000 at press time. This is a $16,000 drop, and many other leading altcoins...

Customers of Coinbase – one of the largest cryptocurrency exchanges in the world – are about to get a big surprise if they are Dogecoin fans. The asset – which has recently become the fourth largest cryptocurrency by market cap – will now be supported by the San Francisco-based trading platform, meaning clients can buy, sell, and trade the currency granted they have supported payment methods attached to their accounts. Coinbase Is Going to Support Dogecoin Dogecoin has...