Markets

Bitcoin – the world’s biggest and most popular cryptocurrency by market cap – is shooting back up. At the time of writing, the asset is trading for just over $57,000. This is a huge improvement over the $54,000 it was at a few days ago and the $49,000 per unit it was stuck at early last week. Bitcoin May Grow Again Soon For the most part, it was believed that bitcoin would likely continue its bullish patterns into the month of May, though thus far, this period is proving...

The selling pressure on bitcoin continues to decline, pointed out CryptoQuant by referring to the stablecoins stored on exchanges and miners’ behavior. At the same time, institutional investors keep accumulative sizeable portions of the asset, suggested another massive withdrawal from Coinbase. BTC Selling Pressure Is Down CryptoPotato reported that BTC investors are continuously withdrawing their holdings from exchanges, which should reduce the selling pressure. This...

[PRESS RELEASE – Please Read Disclaimer] The decentralized platform Polars, which seeks to solve the liquidity issue in the prediction market, has recently announced beta testing of the protocol on the Ethereum rinkeby testnet. Since the announcement over 27,5k users have signed up to participate. Community feedback will help the Polars team to build a better platform that users can trust and rely on. Beta testing will include interaction with the base pool, the secondary...

[PRESS RELEASE – Please Read Disclaimer] Despite recent uptake, AAB is still deemed undervalued. As such, the AAX team has decided to conduct AAB buybacks from the secondary market and will do so in phases with an expected buyback size of 30% of AAB in circulation. At the same time, AAB will be listed on UniSwap! The listing will be paired with USDT. Immediately following the announcement at 6 pm, 7 May, the price of AAB shot up by 30%, breaking through 0.8 USDT. Following...

S&P Dow Jones ist einer der größten Index-Provider der Welt. Mit einer neuen Crypto-Serie hat S&P nun auch den Cryptomarkt in sein Portfolio aufgenommen. Die Indizes werden die Performance im Markt beobachten und leicht zugänglich machen – ein weiterer Schritt hin zur Mass Adoption. Bitcoin News: S&P veröffentlicht Crypto Index für Bitcoin und EthereumUnter dem Namen „S&P Digital Market Indices“ finden sich zum Start der S&P Bitcoin Index, Ethereum Index und der...

After falling to $55,000 yesterday, bitcoin recovered more than $3,000 of value and tapped $58,000. Most alternative coins are somewhat stagnant on a 24-hour scale, except Dogecoin. The meme coin charted a new all-time high hours ago and is close to overcoming BNB as the third-largest digital asset. Bitcoin Heads for $58K The primary cryptocurrency has been somewhat struggling in the past few days, as previously reported. It attempted to break above $58,000 on multiple...

Sometimes, the only way to keep a financial market alive is to think for yourself, and according to Changpeng Zhao – the CEO of Binance, the world’s largest and most popular cryptocurrency exchange – the herd mentality is really doing some heavy damage to the digital asset space. Changpeng Zhao Thinks People Need to Invest Long Term To be fair, he comments in a recent interview that this same attitude is seen in the stock market, though crypto appears to be more...

With yield farms in full swing, traders are jumping from one high yielding farm to the next in what looks to be shaping up for a defi summer.For those who want to “stack multiple juicy yields,” SteakBank is backed by big players like Factorial Ventures, Signum Capital, MW Partners, LayerX Capital, Ruby Capital, etc. and has opened its Genesis Farming Period for staking BNB from April 29 to May 13.The success of the Genesis Farming Period is just another indicator of the massive inroads BNB is...

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...