Tag: Synthetix

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Best Crypto to Buy Now 14 March – CFX, LHINU, SNX, FGHT, OP, CCHG

Major cryptocurrencies have pulled back sharply from earlier intra-day highs, but the bullish trend of the last few days remains strongly intact, with the likes of Bitcoin breaching key resistance to the upside and opening the door to further gains in the coming days and weeks…. Read More: Best Crypto to Buy Now 14 March…
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Best Crypto to Buy Today 2 February – MEMAG, OP, FGHT, SNX, CCHG

After a string of rapid interest rate increases throughout 2022, the Federal Reserve Board has implemented its smallest rate rise since March at a quarter of a percentage point. This decision for moderation was welcomed by markets, causing stocks and crypto markets to move up. With this backdrop, what are the best cryptos to buy…
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Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires to Crypto Firms + More News

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: Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires to Crypto Firms + More News  Read more »Sign up for e-EUR – the progressive stablecoin

What is CeDeFi, and why does it matter?

CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use. What are the disadvantages of CeDeFi? Currently, CeDeFi’s main downside is the high learning curve associated with its protocols because of their complexity. The concept is still young, and more intuitive and user-friendly interfaces…
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DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive

It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market. At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional. As the crypto winter…
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SNX Rises as Synthetix Sees Surge in Trading Volume

  The decentralized finance (DeFi) protocol Synthetix (SNX) has seen a massive surge in trading volume on its platform in June, leading its native token SNX to rise in the market…. Read More: SNX Rises as Synthetix Sees Surge in Trading Volume  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries

During the early years of the cryptocurrency space, decentralized autonomous organizations (DAOs) and smart contracts were discussed in theory. Nowadays many people consider The DAO, launched in 2016 by members of the Slock.it development team, to be the first smart contract-based DAO. In 2022, there’s a lot more DAOs, as statistics show that $10 billion…
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Sushi and Synthetix get the boot in Grayscale DeFi fund rebalancing

Crypto asset management firm Grayscale has added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund following its first quarterly rebalance. Digital asset management firm Grayscale, has added three new cryptocurrency assets across three main investment funds, while removing two other assets from its Decentralized Finance Fund…
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Synthetix commence debt pool merger to enhance liquidity and staking capabilities

The merger of L1 and L2 debt pools is just one of a number of upgrades slated for this week within the Synthetix ecosystem. Decentralized finance, or DeFi, protocol Synthetix (SNX) has announced that the deployment of their Debt Pool Synthesis feature will occur on Thursday 9pm through 11pm UTC, expected to impact staking participants…
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Crypto Market Sentiment Improves Over Week, Bitcoin and Ethereum in Positive Zone Today

  Sentiment in the crypto market rose slightly this week, after nearly all major cryptoassets recorded higher prices over the past 7 days. According to data from the market sentiment analysis service Omenics, the average 7-day sentscore for the 10 largest coins tracked rose to 5.08, up from 4.9 last week and 5.02 the week…
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