DeFi

‘Tis the season of releasing earnings reports, and the third-quarter growth has not so well for some companies directly engaged in cryptocurrencies. This has been largely thanks to the wild price fluctuations Bitcoin has experienced lately. For instance, Microstrategy, the world’s biggest corporate holder of Bitcoin, witnessed paper losses from holding the digital asset onContinue reading “Genesis reports downtrend in BTC demand as institutions prefer ETH, DeFi”

With most of the top 20 altcoins seeing decent gains and some even a new all-time highs over the last month, the 19th ranked coin Polygon’s MATIC seemed to be having a rather dull season. In fact, MATIC’s gains over the last months looked pretty market-oriented. At press time as MATIC oscillated close to $1.88Continue reading “MATIC could touch its ATH if these factors play out in its favor”

Tungsten – A word that people from the space seldom resonated with has now become the talk of the crypto-town owing to its intriguing and fascinating features. The cube being talked about is merely 14 inches in size and is made of tungsten. However, it weighs a ton [approximately 907 kg.] due to the densityContinue reading “The A to Z of Ethereum, NFT market, and the Tungsten cube bubble”

Here’s one way to bring the next billion users in the crypto sector: Crypto gaming + NFTs + Web3. Let’s talk about the recent boom in the gaming aspect. DappRadar, an analytics platform showed a boom in crypto gaming. Last month saw blockchain games make up the majority of activity in the Dapp industry. Around 55% of uniqueContinue reading “Crypto gaming, NFTs, Web3 expected to onboard the next billion users into crypto?”

Ethereum is huge. Now, in terms of market cap, it might be just half of Bitcoin’s value. However, here is a visual representation of some of the important projects based on the chain. At first glance, protocols such as Uniswap, USDC coin, Metamask, Chainlink, and many more can be seen. And yet, over time, EtherContinue reading “Should Ethereum’s flexibility be valued more than its market cap”

The U.S. House of Representatives has passed the $1 trillion infrastructure bill, which has divided policymakers and industry stakeholders across the country. What’s left now is for President Biden to sign it into law. However, the reality of the situation is hitting crypto investors and entrepreneurs, who are rushing to figure out what a particularContinue reading “‘Criminal felony statute’ in U.S. infrastructure bill could ‘freeze healthy crypto behavior’”

Axie — which is at the forefront of the “GameFi” trend — has already generated more than $2.5 billion in trading volume. According to DappRadar, 51,000 daily active wallets (last March) were connected to gaming-related contracts in the blockchain ecosystem. Three months later, that figure had skyrocketed to 359,284 — a 599% rise. Since then,Continue reading “Newly launched DEX, Katana by Axie Infinity, already among top DeFi apps”

The decentralized finance sector is growing at a breakneck pace. Total value locked in DeFi, at press time stood at more than $250 billion. However, here’s the negative side to this ever-increasing ecosystem. In the first four months of 2021, the DeFi sector lost about $240 million. These are just the publicly known cases; theContinue reading “DeFi protocol bZx falls victim to phishing attack, around $55 million lost”

As the biggest DeFi blockchain, Ethereum has a lot of protocols running for the top spot. And, looks like Maker might have swiped it this week. Even though the broader market has not been the same for every coin, MKR seemed to perform significantly better. Maker makes a new high The month of October wasContinue reading “Maker’s making new highs, but here’s what comes next”