Genius Yield raises $118M via ISPO in first 48 hours
The initial stake pool offering has seen significant uptake, with one of the four GENS pools being nearly fully committed in just two days. Go to Source Powered by WPeMatico
Month: December 2021
Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17
A new study finds that more than 80% of millionaire youths hold digital assets, Senator Warren attacks stablecoins, and billions are locked in the Eth2 contract. Go to Source Powered by WPeMatico
3 reasons why Solana (SOL) price could see additional upside in 2022
Steady ecosystem growth, institutional investment and a healthy derivatives market are strong signals that SOL will continue to be a top contender in 2022. Go to Source Powered by WPeMatico
Crypto derivatives can foresee price action but need institutional buzz to truly shine
The crypto derivatives market plays an important role in price discovery, but institutional investors are needed to add depth. Go to Source Powered by WPeMatico
Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign
The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL. Defi Tokens YFI … Read more
Bank of Russia governor: Banning crypto in Russia is ‘quite doable’
“We cannot welcome investments into cryptocurrencies,” says Central Bank of Russia governor Elvira Nabiullina. Go to Source Powered by WPeMatico
South Park excoriates NFTs as investments in latest vision of post-COVID future
“Another 30 seconds in that room and you would have started considering NFTs as a viable investment” was just one of the jokes the show used comparing NFT investments to insanity. Go to Source Powered by WPeMatico
YFI price gains 46% in just four days after Yearn Finance’s $7.5M buyback
Its “decentralized” Treasury has more than $45 million and would pursue similar YFI buybacks in the future. Go to Source Powered by WPeMatico
Indian Crypto Exchange Says 82% of Users Earn Profits This Year, Trading Volume Soars 1,735%
A major cryptocurrency exchange in India, Wazirx, has reported “a massive surge in user signups” this year, with 82% of its users making profits on their crypto investments. Its trading volume also rose 1,735% from the previous year. Meanwhile, the Indian government is actively working on the country’s crypto regulation. $43 Billion in Trading Volume, … Read more
Reddit co-founder and Polygon launch $200M Web 3.0 social media initiative
“We are still in the early days of Web 3.0, and the most obvious opportunities right now are in gaming and social,” said Ohanian Go to Source Powered by WPeMatico