With a new boom in cryptocurrencies and decentralized finance, investors and digital currency holders are seeing lots of opportunities to grow the value of their digital assets. One of these is the idea of staking a cryptocurrency or using a decentralized yield farming approach to gain interest on digital currencies. While these two processes tend…
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After six months of development and several months of Private Trading, the Arabic Cash project proved its serious intentions and development prospects. It is rightfully the first independent DeFi created in support of the global “Blockchain Strategy 2021” of the United Arab Emirates. Extra round to 1 Dollar After the full launch of the ABIC…
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Ethereum upgrades could jumpstart a $40 billion staking industry, according to a JP Morgan report. JP Morgan estimates that the staking industry is currently worth $9 billion and that this number could balloon to $40 billion by 2025. The report speculates that the launch of ETH 2.0 would lead to more adoption of the coin…
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Bitcoin price action is fickle lately, moving mostly sideways with a number of unsuccessful breakout attempts. The fact that $30,000 simply won’t break brings back memories of bear market support at $6,000 – which after a full year finally broke down to the real bottom. The leading cryptocurrency by market cap did something similar after…
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The Stellar Development Foundation (SDF) will enable an automated market maker (AMM) functionality via Protocol 18. The implementation will take place with a network upgrade, but a specific date is yet to be revealed. In an official post, the SDF claims that the new functionality will help improved market liquidity. The Stellar Network has been…
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A football team dubbed AZ Alkmaar is about to become the ring leader of football clubs by paying player salaries in Bitcoin. The Netherlands-based football team has disclosed its plans to pay the players in BTC. This action will make them the first team to pay its players’ salaries in cryptocurrency. Related Reading | Bitcoin…
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Grayscale has just added Cardano to its Digital Large Cap Fund. The top asset management firm announced its quarterly rebalancing that brought up Cardano to be the third-largest holdings of the company. Welcome aboard, #Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include $ADA. — Grayscale (@Grayscale) July 2,…
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After a week of trending upwards, Litecoin could finally be poised to rally above the $160 target. The coin traded at or above that number for nearly half the year. From the beginning of February until the middle of June, LTC was on a bull run until the entire market’s fall last month. But, traders…
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The advancement in science and technology has created the need for increased computing power in almost all industry segments. Few specialized sectors like pharmaceuticals, AI, 3D image processing, IoT and Deep Learning stand out with their need for high bandwidth, which is technologically as well as economically restrictive for any single entity to own. On…
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Known Bitcoin whale JOE007 compared current market trends to November 2018 trends. Calling it November 2018 vibes. This was in reply to a tweet that called Bitcoin at $30K the new Bitcoin at $6K, referring to the market trends of 2018 when Bitcoin crashed after the bull market ended. Replying to the tweet, Joe tweeted;…
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