DeFi

The post This Week in Crypto: Top News, Bitcoin and Altcoin Volatility, Major Hacks, and DeFi Investments appeared first on Coinpedia Fintech News This week in the crypto market, significant events happened, with the latest one being the Consumer Price Index (CPI) news, which came in softer than anticipated. This development led to extreme volatility in the market, with Bitcoin’s price fluctuating between $65,000 and $70,000. In this report, we will dive into the key news and developments that controlled…

Bitcoin has again been rejected from its all time high and is now consolidating near $67,000. After a small correction, Dogecoin and PEPE are also in the consolidation mode. Amid the market correction, DTX Exchange is roaring higher and higher, reaching a presale of $700,000 in just a few days. According to crypto gurus, DTX Exchange is set to outshine Dogecoin and PEPE in 2024. Does Elon Musk Hold 20% of Dogecoin Supply? During a discussion on the social media platform…

The IOTA Foundation has integrated Pyth Network’s oracle services into its Ethereum Virtual Machine (EVM), enhancing data accuracy and security for dApps. Pyth Network, trusted by over 300 applications and 50 blockchains, provides low-latency price feeds for more than 500 assets, making it a key player in the DeFi space. In the latest development, the IOTA Foundation announced that Pyth Network has deployed its oracle services on IOTA’s Ethereum Virtual Machine (EVM). Oracles are essential for bringing trusted real-world data…

This brings decentralized finance (DeFi) capabilities to Bitcoin, allowing users to stake, borrow, lend and supply liquidity for additional yield.  Native Bitcoin Layer 2 blockchain Merlin Chain announced its support for Bitcoin, allowing holders of the world’s most valuable cryptocurrency to start enjoying DeFi capabilities. The platform aims to unleash BTC’s potential, allowing holders to stake, borrow, lend, provide liquidity and bridge their assets in a seamless and low-cost way.  Merlin Chain integrates the ZK-Rollup network, decentralized oracle networks, and…

In the world of digital assets, blockchain, and cryptocurrency, we are standing at the dawn of a new era. Month by month, crypto is winning over new leaders, executives, and even entire countries. This momentum will only accelerate throughout the decade. The tide has turned. Congress is embracing the crypto wave. The Senate is backing Bitcoin. Lawmakers globally are rallying behind cryptocurrency. Regulation is finally catching up. Over 90% of the world’s banks are diving into blockchain technology. Last year…

In the early hours of Monday, a dormant whale moved $21 million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market. Whale Deposits $21 Million In DeFi Tokens To Binance On Monday, on-chain analytic firm Spotonchain reported a dormant whale had deposited around $13 million in crypto to Binance. After a year of holding, The whale sent…

DeFi Technologies Inc., a leading Canadian financial technology (fintech) company, has embraced Bitcoin (BTC) as its primary treasury reserve asset. This strategic move involves an initial purchase of 110 BTC, which signifies the company’s integration of traditional capital markets with decentralized finance (DeFi). The decision aligns with the broader trend of companies seeking portfolio diversification and alternative revenue streams amid changing economic conditions. DeFi Technologies Invests in Bitcoin as a Hedge Against Inflation Recognizing Bitcoin as a major asset class…

Gibraltar, Gibraltar, June 10th, 2024, Chainwire Polkadot’s leading DeFi project - Hydration, is thrilled to announce that it has been awarded 2 million DOT (equivalent to $14.4 million) tokens from the Polkadot treasury. The funds have been earmarked to bolster the liquidity and trading efficiency of Hydration’s single-sided liquidity provisioning platform Omnipool. The allocation of the DOT tokens is twofold. One million DOT will be spent over the course of one year to attract fresh liquidity to the Polkadot ecosystem,…

Polygon is fueling the growth of the DeFi ecosystem with massive transaction counts. The upside for the MATIC token is high, buoyed by support from Coinbase and Binance. The Polygon blockchain has grown to become a notable force in the Decentralized Finance (DeFi) sector. At the same time, MATIC, the native token of the platform has seen increased adoption in recent times. How Polygon Works  DeFi opens up a lot of opportunities in the financial industry, from enabling peer-to-peer transactions…