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On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi dropped 82.56% from roughly $239 billion in Dec. 2021, to today’s aggregate. Smart Contract Token […]Powered by WPeMatico
On Tuesday, the world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea, announced that BNB blockchain-based NFTs will be supported on the marketplace platform. With BNB blockchain support, Opensea users will be able to purchase and list BNB NFT assets. Opensea Integrates BNB Chain — Marketplace Users Can Now Buy […]Powered by WPeMatico
This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the number has dropped by more than 15% down to 225,962 WBTC. Similarly, the quantity of tokenized […]Powered by WPeMatico
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the […]Powered by WPeMatico
During the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region. The TVL in defi has shed significant value during the past six months as it dropped from $161 billion on April 1, down more than […]Powered by WPeMatico
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals and deposits on Wednesday in order to execute the upgrade. Not too […]Powered by WPeMatico
After holding support on Friday, cryptocurrency markets continue to trade sideways with little to no change for Bitcoin, Ethereum, BNB, and other major crypto assets. We’re not seeing any movement today because of Bitcoin’s peg with the stock market, and since global markets are closed today, BTC is waiting on the sidelines for the next move. Key Points: Cryptocurrency markets continue to lose momentum as BTC dips below $20k and ETH remains above $1,300. This week has been quite bearish for crypto markets, with the biggest stories including a Binance Bridge Hack and Kim K being fined by the SEC.
The post Trading Volume Drops Significantly for Bitcoin and Ethereum as Cryptocurrency Markets Remain Unchanged appeared first on The Merkle News.
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Cryptocurrency markets are showing a slight bearish correction this Friday as the global crypto market valuation dipped by $20 billion from yesterday’s $960 billion to a current level of $946 billion. While Ethereum manages to hold support above the $1,300 level, Bitcoin dipped below $20k today, as trading volume is down significantly for both crypto assets. Let’s look at relevant finance, Bitcoin, and Ethereum news affecting markets today. Key Points: The cryptocurrency market has lost $20 billion in valuation today, currently at $940 billion. Binance Smart Chain Bridge exploit provided hackers with $100M in funds, which were promptly frozen by
The post Bearish Correction for Cryptocurrencies Today after Binance Bridge Exploit, BTC Dips Below $20K, ETH Holds Above $1,300 appeared first on The Merkle News.
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On Thursday, 6:19 p.m. (ET), the official Twitter account for the Bnb Smart Chain explained that the team was temporarily pausing the blockchain, after citing that it noticed irregular activity. Sources say that more than $600 million in Bnb tokens were reportedly stolen from the chain’s cross-chain bridge. The Bnb Smart Chain team detailed on […]Powered by WPeMatico
The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today is Makerdao, leading […]Powered by WPeMatico