Tag Archives: DeFi

US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal

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On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector.  Allegations Of Price And Trading Volume Manipulations According to a court filing by the US District Court of the District… Continue reading US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal→

Injective Generated More Revenue Than BNB Chain, Avalanche In Q3 2024, Next $50?

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Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost.… Continue reading Injective Generated More Revenue Than BNB Chain, Avalanche In Q3 2024, Next $50?→

Only 43 Tokens Have Outperformed Bitcoin This Year, Most Of Them Memecoins

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In a year marked by significant volatility in the cryptocurrency market, memecoins have emerged as key players, outperforming Bitcoin (BTC) and the rest of the largest cryptocurrencies in the ecosystem.  This trend was underlined by recent insights from market expert Miles Deutscher, who highlighted a presentation by memecoin analyst Murad at the TOKEN2049 conference in… Continue reading Only 43 Tokens Have Outperformed Bitcoin This Year, Most Of Them Memecoins→

Is This VC Cashing Out? Moves UNI, COMP, AAVE, And SNT Tokens To Binance

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Fenbushi Capital, a blockchain-centric venture capital (VC), appears to be cashing out after moving four tokens, including Aave (AAVE) and Compound (COMP), to Binance. The VC is moving these tokens to the exchange, possibly to sell and lock in their profits or cut losses when market participants expect prices to tick higher. Fenbushi Capital Cashing… Continue reading Is This VC Cashing Out? Moves UNI, COMP, AAVE, And SNT Tokens To Binance→

Grayscale’s Bullish Forecast: The Top 20 Crypto To Watch In Q4

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Crypto asset manager Grayscale has published an in-depth report outlining sectors poised for bullish growth in the final quarter of the year amid a notable recovery in the cryptocurrency market, particularly for major players such as Bitcoin (BTC) and various altcoins, which have reached price levels not seen in over two months. Grayscale Highlights Key… Continue reading Grayscale’s Bullish Forecast: The Top 20 Crypto To Watch In Q4→

Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares

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Ethereum (ETH) demand is largely driven by the token’s use in on-chain applications and token transfers, according to a report by CoinShares. Ethereum’s Use-Cases Have Increased, But Long-Term Value Is Missing In a recently published detailed report, CoinShares’ Matthew Kimmell noted that despite Ethereum’s potential to host popular applications in the future, investors are struggling… Continue reading Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares→

BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption

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Bank of New York Mellon (BNY Mellon) is making significant strides toward launching custody services for Bitcoin (BTC) and Ethereum (ETH), following its recent exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.  As previously reported by Bitcoinist on Friday, BNY Mellon is the first bank to receive this exemption, allowing… Continue reading BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption→

Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook

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With its price climbing 17% over the past seven days, Avalanche (AVAX) has lately been on a winning run. Right now, the cryptocurrency is trading at $28.12, up 7% over the past 24 hours alone. This abrupt increase fits a larger recovery across the crypto market driven by a significant shift in the US financial… Continue reading Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook→

Bitcoin Exchange On The Horizon For Europe’s 3rd Biggest Stock Exchange – Details

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According to the Financial Times, the Swiss stock exchange SIX, the third largest in Europe, is exploring the possibility of launching a new Bitcoin and crypto exchange in the country, aiming to position itself to compete with exchanges like Binance, OKX and Coinbase.  SIX Group Plans New Bitcoin Trading Venue Bjørn Sibbern, Global Head of… Continue reading Bitcoin Exchange On The Horizon For Europe’s 3rd Biggest Stock Exchange – Details→

BREAKING: Fed Cuts Rates—Bitcoin And Markets React With A Bang

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The long-awaited day has arrived: the US Federal Reserve (Fed) has announced its decision to cut interest rates, with significant implications for both Bitcoin (BTC) and the broader cryptocurrency market. Following the announcement, the markets reacted with notable volatility. Bullish Outlook For Bitcoin Just moments ago, the Fed disclosed its decision to reduce the federal… Continue reading BREAKING: Fed Cuts Rates—Bitcoin And Markets React With A Bang→