Author: NBTC
A well-known cryptocurrency analyst has suggested that DeFi 3.0 is making a comeback. The analyst’s statement comes roughly two years after the excitement around the DeFi sector hit its peak, before giving way to a crypto bear market. According to the analyst, better user experience and card payment options are working together to power the potential DeFi resurgence. https://twitter.com/Altcoinbuzzio/status/1894309666324451555 Projects to Watch as DeFi 3.0 Potentially Revives The analyst mentioned top DeFi projects he thinks crypto users should watch closely as the potential starters of the next phase of DeFi resurgence. These include AAVE, RAY, HYPE, and UNI. Of all…
The price of the world’s second-largest cryptocurrency, ether (ETH), has risen by more than 2.3% in the last 24 hours, while the broader CoinDesk 20 Index has risen by just 0.76% during the same period. Bitcoin is down around 0.3%. The rise comes amid reports that Bybit, the cryptocurrency exchange that was hacked for $1.5 billion worth of ether and staked ether by North Korean hacking group Lazarus, has moved 100 million USDT into new addresses and moved half of that into addresses to purchase 36,900 ETH over-the-counter. The funds, worth around $101 million, were then moved to addresses tagged…
The Cardano Foundation is pushing for the mainstream adoption of the protocol in Argentina and LATAM. Amid its push for adoption, the Cardano Foundation is battling internal calls for organizational reforms. The Cardano Foundation (CF) recently announced the blockchain’s expansion in Argentina, emphasizing its relevance in real-world adoption. According to the announcement, Cardano will utilize its blockchain to power digital authentication for social security and education in Argentina. Cardano Liaise with Argentina for Blockchain Innovation The recent development will see Cardano partnering with the Argentine government, including the Ministry of Labor and National Technological University. Cardano’s collaboration with Argentina demonstrates…
Once upon a time, the worlds of crypto and fiat were separated. They could see each other, like stars inhabiting the same galaxy, but traveling between them was an arduous task. Not any more. It’s 2025, and web3 payment solutions are the shiny starships connecting the stars with light-speed travel between the fiat and crypto realms. From buying a latte with SOL to tipping creators in stablecoins, these platforms are making digital cash accessible in just a couple of clicks. While the array of payment gateways now onstream is welcome to behold, some are more useful than others. The best…
Market analysts expect an imminent Bitcoin crash that would allow the asset to fill the latest visible CME gap on the 1-week chart. In this latest Bitcoin price news, Bitcoin recently fell to $95,212 after briefly surpassing $99,000 during a Christmas rally. The market’s ongoing turbulence has triggered concerns about further declines, with analysts warning of a potential drop to $77,000 to close a critical CME gap. Factors Pointing to Potential Bitcoin Drop EGRAG, a prominent analyst, pointed out that Bitcoin has experienced several massive corrections since October 2022, with average losses of about 23.5%. The current market environment suggests…
Decentralized exchange (DEX) PancakeSwap has integrated with Monad Testnet, which operates as a high-performance blockchain solution for efficiency and scalability. The partnership joins efforts to provide optimized decentralized finance (DeFi) trade execution along with reduced costs and enhanced liquidity options for DeFi users. With the strategic integration, PancakeSwap benefits from Monad’s transaction processing speed and automatically executes thousands of transactions, settling transactions instantly. The system ensures fast trade execution and reduced network latency during all busy periods. The implementation of Monad’s technology allows PancakeSwap to handle growing trading volumes without lag, improving the user experience on the platform. The integration…
Ethereum consolidates near $2,741, with strong support at $2,190–$2,319, signaling accumulation and bullish momentum. Breaking $3,180 could trigger a rapid rally, while rejection may lead to a temporary retest near $2,200. Higher lows and liquidity grabs reinforce Ethereum’s bullish outlook, with traders eyeing a breakout beyond key resistance. Ethereum (ETH) is robustly consolidating, according to an analysis by Scient, with the prices oscillating between $2,741.38. The asset managed to gain 3% this week, hitting a high of $2,849.70 against a low of $2,605.44. Market analysts believe that ETH indicates the trading pattern of Bitcoin in mid-2023. Hence, long-term outlook is…
CEO Ben Zhou confirmed that Bybit has successfully filled the gap in its Ethereum (ETH) reserves following last week’s $1.4 billion hacker attack. Bybit CEO: ETH Reserves Completely Refreshed, Audited Proof of Reserves Report Coming Soon The exchange now plans to release an audited proof of reserve (PoR) report to demonstrate that customer assets are fully backed. “Bybit has already completely closed the ETH gap,” Zhou said. “A new audited PoR report will be released very soon to show that Bybit has returned 100% 1:1 to customer assets via a Merkle tree. Stay tuned.” $1.4 Billion Hack: The Biggest in…
Bitcoin, clocking in at $94,504 with a market cap of $1.87 trillion, witnessed a 24-hour trading session of around $53 billion, bouncing between $93,368 and $97,133 over the past day. Bitcoin The one-hour chart showed bitcoin taking a nosedive from its recent peak near $98,000, with hefty sell-offs pushing it toward the safety net at $93,000. Resistance levels are perched at $95,000 and $96,500, while the relative strength index (RSI) at 44 and the Stochastic at 26 keep things in the middle ground. The 10-period exponential moving average (EMA) at $97,282 echoes the bearish vibes all around. BTC/USD 1H chart…
Bybit Remains Stable: Can Ethereum Recover Quickly? Despite the massive hack, Bybit does not seem to be faltering. The platform is taking measures to mitigate the damage and is showing signs of a quick recovery. Binance founder CZ has already offered support to help address the incident. This swift response could strengthen investor confidence and contribute to market stabilization. Ethereum Price Has Already Risen by 6% After dropping to $2,620, Ethereum has already rebounded to $2,780 – an increase of over 6%. This indicates that the market is not panicking and that losses may be recovered faster than expected. If…