Chain News by Thebittimes.Com

The expanding role of decentralized finance (DeFi), enhancements in blockchain scalability, and the increasing use of smart contracts are expected to fuel a significant altcoin rally.  This surge could push several altcoins beyond the $5 billion market cap mark, marking a major milestone in their valuation and influence within the broader crypto currency landscape. Finbold has identified two crypto currencies that are on track to achieve this milestone. Their growth potential hinges on the continuation of the bull market and factors like supply inflation. Notably, even if their prices remain stable, high supply inflation could elevate their market cap. Picks for you Net-worth update: Here's how much CZ owns of Binance coin (BNB) 40 mins ago ...

Amid the ongoing legal dispute with the Securities and Exchange Commission (SEC), Ripple is intensifying its focus on its cryptocurrency portfolio by announcing plans to launch a stablecoin. The stablecoin, scheduled for release later in 2024, will be supported by U.S. dollar deposits, short-term U.S. government Treasuries, and other cash equivalents, CoinDesk reported on April 4. According to the company, it aims to initially deploy the stablecoin on both the XRP Ledger and the Ethereum (ETH) blockchain, leveraging Ethereum’s ERC-20 token standard. The token would primarily target enterprise customers and banking institutions. Picks for you Peter Schiff urges to sell Bitcoin and buy gold via his website 2 hours ago Warning: Solana meme coin makes $1 million rug pull 2 hours ago Legal expert accuses the SEC of ‘making sh*t up as they go’ 3 hours ago Trading expert projects a major Bitcoin pullback to this level post-halving 3 hours ago ...

Decentralized Finance (DeFi) has grown significantly in the past few years according to total value locked (TVL) and exchanged volume. As of recently, the volume in DeFi has consistently surged to above $10 billion daily, similar to 2021’s bull market. In particular, volume is a solid metric for identifying trends and investors’ interest in the cryptocurrency market or specific sectors. However, volume can spike in atypical days without consistency, which creates false technical indicators. Looking at consistent behavior is crucial when evaluating trends and the market ’s momentum. Picks for you Buy signal for 2 strong cryptocurrencies this week 2 hours ago Claude Opus AI predicts XRP price for the end of 2024 20 hours ago New meme coin listed by Binance surged over 200% today 20 hours ago Here’s why Bitcoin is likely to hit another record high by the end of March 22 hours ago On that note, Finbold retrieved data from DefiLlama on March 17,...

The global market for NFTs has witnessed a downward trend in trading volumes, marking a consistent decline for the third week of January. According to the latest figures from CryptoSlam.io, a prominent on-chain data aggregator, the trading sales volume in the NFT sector has fallen to $223 million over the last week. This represents a significant 22.5% drop compared to the previous week’s figures. Contrastingly, the NFT market has observed an uptick in the number of active participants. Recent data shows that over 734,000 collectors engaged in NFT purchases across various platforms in the last week. This surge, amounting to a 34% increase, indicates a growing interest in non-fungible tokes despite the overall decrease in trading volume. NFT montly sales volume across major blockchains | Source: CryptoSlam.io You might also like: Google ends five-year ban on crypto ads as Bitcoin ETF becomes visible However, wash trading has been notably high, speceially across ...

Popular crypto analyst @Mags shared with his subscribers his views on the current state of the altcoin market and its prospects. The expert put forward a bold forecast for the capitalization of the altcoin market and expects that in the coming months, the value of most cryptocurrencies will move along a parabolic trajectory. #Bitcoin is following Wyckoff's Price Cycle ️ The Cycle consist's of several Distribution phase followed by Mark down & ends with an accumulation phase. Looks like $BTC is currently in an accumulation phase with a Bear Trap RT APPRECIATED #Crypto #BTC pic.twitter.com/PiXnGrUjsM — Mags (@thescalpingpro) November 18, 2022 The crypto analyst ’s argument favoring the bullish scenario is based on the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe. You might also like: Understanding Bitcoin price charts: beginner’s guide @Mags noted that a similar situation occurred in 2020. Then, the market capit...

TVL, fee revenue and wallet activity are just three metrics investors can use to assess the health of the DeFi sector. The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 billion. However, the DeFi market has also been prone to significant corrections. In 2021, the DeFi market experienced a correction that saw the TVL fall from $100 billion to $40 billion. Despite the volatility of the DeFi market , there are ways for traders to catch onto when the niche crypto sector begins to show sustained bullish momentum. Three of the most important metrics to watch are TVL, a platform’s fee revenue and the number of non-zero wallets holding tokens. Let’s dig in a bit deeper to explore how these metrics can be used to guage the health of the DeFi sector. ...

Explore the top dog-inspired cryptocurrencies and their hidden potential behind cute memes. Barking with community-driven enthusiasm and bone-rattling potential, dog-themed coins are forming a pack on the stage of emerging digital assets. In recent years, the crypto currency world has witnessed a surge in the popularity of dog-themed digital assets. These endearing tokens, which drew inspiration from the popular Doge meme, have swept the crypto currency industry by storm, enthralling both investors and enthusiasts. While Dogecoin (DOGE) holds the reins as the pioneer in this pack, other dog-themed coins have also emerged as formidable contenders, boasting impressive market capitalization and dedicated communities. It’s a testament to the power of cute and lighthearted memes to bring people together within the dynamic and ever-evolving crypto landscape. Despite their seemingly playful nature, these tokens prove that the crypto world has a knack for uniting individuals around assets t...

Binance, a prominent player in the cryptocurrency exchange industry, has experienced a notable decline in market share amid increasing regulatory scrutiny and legal challenges. Recent data from Kaiko reveals that Binance’s spot trading market share reached its lowest point in nearly a year, standing at 55.9% in June 2023.  This decline can be attributed to various regulatory actions against the exchange, particularly by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Binance's market share remains stubbornly stuck near a one-year low https://t.co/W7MXYzKXNE — Bloomberg Crypto (@crypto) June 26, 2023 In the United States, the SEC and the CFTC have filed complaints and initiated legal proceedings against Binance and its founder, Changpeng “CZ” Zhao. The SEC’s enforcement action threatened the trading platform, while the CFTC launched a lawsuit against the company in late March. These legal ...

May 12, 2023 at 08:32 // Price Author Coin Idol This week, Bitcoin and the altcoins are moving downwards as the cryptos are losing value in the bearish trend zone. BSV and KAVA, on the other hand, seem quite promising as they trade in the uptrend zone. The market is down, so let us take a look at some altcoins. Bitcoin SV Bitcoin SV (BSV) price has risen above the moving average lines, indicating an up trend . On May 9, the altcoin rallied and reached a high of $44.05. Crossing the moving average lines, the cryptocurrency immediately reversed the up trend . BS...

Blur founder Pacman is hopeful that the major NFT trading applications will soon find a middle ground and cooperate on creator royalties. In this episode of Hashing It Out , Pacman, the founder and core contributor of the nonfungible token (NFT) market place Blur, joins Elisha Owusu Akyaw to discuss how Blur has captured the attention of the NFT market . The tides in the NFT ecosystem changed in December 2022 when the newly launched NFT marketplace overtook OpenSea as the largest NFT trading platform by trading volume. Pacman describes this as a similar situation to the progression of the general token market. He explains that Blur created a market place that puts professional traders first, a niche not covered by popular platforms that prioritize a simple user experience to attract newcomers. According to Pacman, that focus makes Blur the go-to platform for the “highest growing segment” in the NFT space. The NFT marketplace is riding a wave of newfound popularity, launching a toke...

The number of celebrities, brands and artists that hopped on the NFT bandwagon was bound to cause supply and demand issues, said the Vee Friends creator. Popular entrepreneur and NFT proponent Gary Vaynerchuck — also known as Gary Vee — has argued that oversupply, greed and subpar projects are the main reasons the NFT market fell so hard over the past year. On Dec.12, Vaynerchuck highlighted his latest blog post via Twitter which explores the NFT sector's current issues and where he thinks it's headed next year. Hope this article can help some of you, the feedback has been humbling …. Why I Said 97-99% of NFTs Would Go to Zero - Gary Vaynerchuk https://t.co/BmhO7OUGdH — Gary Vaynerchuk (@garyvee) December 11, 2022 Commenting on the state of the market , Vaynerchuck emphasized that there has been a significant amount of fear, uncertainty and doubt (FUD) from the media and users of social media this year, who have generally highlighted issues such as dwindling trading volumes ...

The Solana-based automated market maker Orca opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe’s onramp. As the Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM), Orca, announced a new integration. The AMM revealed a new Stripe integration which will power its fiat-to-crypto onramp, to make decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases, along with fiat-to-crypto transactions. Users can now purchase SPL tokens, which include USD Coin (USDC) and Solana (SOL) with fiat currencies. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access to economic tools. “With this new integration, we hope to make participating in the DeFi ecosystem even more accessible to the entire Solana community." The Orca Integration marks one of the ...

Join Our Telegram channel to stay up to date on breaking news coverage The tremors from last week’s massive earthquake in the trillion-dollar crypto industry continued to reverberate on Monday. Prices for digital currencies fell again over the weekend as the market crisis deepened. Bitcoin, the world’s largest crypto currency, has dropped roughly 65% this year. It was trading at around $16,500 on Monday and analysts believe it may fall below $10,000. Ether, the second most valuable cryptocurrency in the world, isn’t faring much better. It was trading at around $1,230 on Monday, having dropped more than 20% in the previous week. The drop comes as investors continue to grapple with the stunning implosion of FTX, one of the industry’s largest and most powerful players. Some industry insiders believe the company’s demise triggered a “Lehman moment,” referring to the investment bank’s 2008 collapse , which sent shockwaves around the ...