Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000

Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few weeks, with no significant gains in the period. ETH was also marginally higher. Bitcoin The volatility in crypto markets was once again present during Wednesday’s […]

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While DeFi Total Value Locked Fell by 51% Since the End of Q1, Arrakis Finance Amassed $1 Billion TVL

PRESS RELEASE. Zug, June 08, 2022 — As markets continue to tumble, Arrakis Finance, a yet relatively unknown & tokenless project, just reached a new milestone — a total value locked of $1 billion. DeFi TVL overall fell from $224B on April 1 to $109B on May 30, dipping by 51%. While nearly all major […]

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Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions

The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian central bank has warned citizens against engaging in […]

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