Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
NAV
Transforming Mutual Fund Data: Smart NAV Pilot by DTCC, Chainlink, and Major Banks Goes On-Chain – LINK Rallies 19% After Announcement
DTCC has announced a new pilot that leverages Chainlink’s technology with ten of the financial industry’s leading players, including JPMorgan and BNY Mellon. Dubbed Smart NAV, it delivers price and rate data on any decentralized ledger, expanding on DTCC’s existing mutual fund service, which serves hundreds of leading financial firms. America’s premier post-trade services company has announced a new pilot that leverages Chainlink technology to offer real-time financial data to hundreds of market participants. The Depository Trust and Clearing Corporation…
1 year ago
Chainlink Breaks Out of Consolidation: Will the LINK Price Make It to $20 Following the Smart NAV Pilot Program?
The post Chainlink Breaks Out of Consolidation: Will the LINK Price Make It to $20 Following the Smart NAV Pilot Program? appeared first on Coinpedia Fintech News Bullish sentiments have flown within the crypto space as the star crypto, Bitcoin, has displayed some strength. Altcoins have also remained elevated since the previous trading day, with memecoins leading the race and now popular tokens receiving some attention. After remaining in extreme bearish consolidation, Chainlink’s (LINK) price has triggered a bullish breakout,…
1 year ago
NAV Disrupts DeFi Landscape with Comprehensive Structured Investment Products Suite
Quantitative hedge fund offers diverse range of SIPs catering to various investor preferences NAV, a leading quantitative hedge fund, is making waves in the DeFi space with its extensive suite of Structured Investment Products (SIPs). These cutting-edge investment vehicles are designed to cater to a wide range of investor preferences, offering unique opportunities for enhanced returns and risk management within the decentralized finance ecosystem. At the forefront of NAV's offerings is the Eigen Layer SIP, a groundbreaking product that combines…
1 year ago
NAV’s Quantitative Revolution: Redefining the Future of DeFi Investing
As the DeFi landscape continues to evolve at a breakneck pace, one platform is emerging as a true game-changer. NAV, with its groundbreaking fusion of quantitative hedge fund strategies and blockchain technology, is ushering in a new era of sophisticated, data-driven investing in the decentralized finance space. For too long, the world of quantitative investing has been the exclusive domain of Wall Street elites, with the vast majority of retail investors left to navigate the volatile waters of DeFi on…
1 year ago
NAV’s Bold Move: Pioneering Structured Investment Products in the DeFi Arena
Integrating DeFi advancements with traditional financial knowledge, NAV brings a new standpoint for DeFi and traditional fund investing. Through a strategic partnership combining Digits Capital's market expertise with Open Hedge's technological acumen, NAV delivers sophisticated, quantitatively driven investment products. Since it embraces its role as a regulated quantitative hedge fund, NAV injects an unmatched level of prestige and security across its offerings. Great waves of excitement surround NAV as it announced the successful conclusion of its latest seed funding round, securing $2…
1 year ago
Beginner’s Guide to Staking and Masternode Platforms
With the advent of Proof-of-Stake currencies, many connected services have emerged. Furthermore, innovation in the Proof-of-Stake consensus algorithm increases the number of platforms that help the average investor, developers, and enthusiasts make the most out of their crypto investments without the hassles of complexity and technical difficulties. Staking Services Staking Pools A Staking Pool is formed when several coin holders merge their resources to increase the chances of validating blocks and receiving rewards. They combine their staking power and share the…
5 years ago