Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000. This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index…
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Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector. The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and the ease of accessing capital. As…
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The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon claimed that the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: IMF Not Happy About Bitcoin Again, DEX Hack, Starbucks’ NFTs + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Swyftx, one of Australia’s largest crypto exchanges, has become the first local exchange to offer users zero-fee yields on cryptocurrency deposits. Swyftx exchange will begin offering interest-bearing yields on a wide range of cryptocurrency assets — the first Australian-operated crypto exchange to do so. Swyftx’s new product, called Earn, will offer Australian and New Zealand…
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Wrapped tokens have made it possible to put digital assets like bitcoin (BTC) on Ethereum (ETH) so they can interact with decentralized finance (DeFi) applications. This has resulted in significant inflows of tokenized value on Ethereum, and other crypto networks, contributing to several wrapped coin use cases. Read on to discover the five most…
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The American investment banking heavyweight Goldman Sachs has granted a customer a cash loan backed by bitcoin (BTC). Bloomberg reported that Goldman Sachs had confirmed that it had lent cash in a deal that was “collateralized by bitcoin owned by the borrower,” per “a spokeswoman for the bank.”… Read More: Goldman Sachs Confirms It…
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The bull market may be over, but that doesn’t mean traders have to stop investing. Here are a few ways to invest in crypto even during a bear market. For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come…
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NFTfi, a company in the non-fungible token (NFT) lending industry, expects to see massive growth in the sector, where crypto holders get a chance to earn yields on their capital, or potentially secure a digital art piece from top collections like CryptoPunks at steep discounts…. Read More: NFTfi Eyes Massive Growth for NFT Lending;…
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The borrower and the lender are two distinct actors in the crypto lending transaction. Borrowers put up cryptocurrency as collateral to secure a loan from a lender. The COVID-19 pandemic had a deleterious effect on the returns from the conventional instruments of investments such as stocks, gold and real estate, driving investors in hordes toward…
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