Category: Cryptocurrency
Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hang Seng drops most since 2008 Data from Cointelegraph Markets Pro and TradingView tracked a mundane trading day for BTC/USD after the pair hit weekly highs of $19,700 overnight. […]
Bitcoin (BTC) starts the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick. After a welcome attempt to break out, BTC/USD remains bound to a narrow corridor now in place for weeks. Some of the lowest volatility in history means that Bitcoin has […]
Online searches for the term “Bitcoin dead” reached an all-time high owing to peak anxiety among investors amid ongoing selloffs at the time. 1259 Total views 59 Total shares The global crypto community has started to redirect its interest from Bitcoin (BTC) to Web3, according to Google search trends. In order to keep up with […]
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace. 1008 Total views 37 Total shares Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency (CBDC) infrastructure testing. The project will assumably prepare the payments platform for […]
Cryptocurrency platform Freeway has halted transactions and services related to their “Supercharger” high-yield product until further notice. 1312 Total views 24 Total shares Crypto platform Freeway has halted some of its services, citing “unprecedented volatility” in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are […]
Nik Bougalis primarily worked on open-source code projects for the payments-focused XRP Ledger, with the recent push to introduce NFTs being a key implementation of note. 390 Total views 2 Total shares Ripple Labs’ director of engineering Nik Bougalis is exiting the firm after nearly 10 years, becoming the latest of crypto’s long-time serving executives […]
In just over a week after pulling off the $117 million exploit of Mango Markets, Avraham Eisenberg is now boasting about making $100,000 rug-pulling a “shitcoin” called Mango Inu, again claiming he “did nothing wrong.” Eisenberg recently ousted himself as one of the persons behind the recent $117 million exploit of the Solana-based decentralized finance […]
Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding […]
Wood will remain the company’s majority shareholder and take on the title of chief architect, where his focus will shift to developing and promoting the mass adoption of Web3 technology. 3446 Total views 8 Total shares Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity […]
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The last week’s headline was dominated by some of the biggest hacks in DeFi. This week is redemption time for many DeFi protocols that either averted an attempted hack […]
