DIGIT INFO – Page 2371 – Cryptocurrency News

Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach and more

The week in DeFi saw European lawmakers write a new chapter on DeFi, Virginia county plans to put its pension fun in a DeFi yield, DeFi protocols lost $1.6 billion to exploits and more

Go to Source

There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform industry

NFT art continues to grow in popularity, but what other industries could the technology disrupt in the next few years?

Go to Source

Amid crypto hype, Google’s cloud unit creates Web3 team

The decentralized space continues its expansion and major brands are adopting Web3 tools, including Google’s cloud unit.

Go to Source

Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’

Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession that followed the 2008 Financial […]

Go to Source

When Will Bitcoin, Ethereum, XRP, Solana, and Avalanche Price Recover?

With the recent cryptocurrency market correction sending Bitcoin, Ethereum, XRP, Solana, Avalanche, and most major crypto assets into free fall, many traders wonder when the cryptocurrency price will recover? While it’s still too early to tell, let’s take a closer look at the current market situation and potential outcomes for the short term. What’s Causing This Week’s Market Correction? As mentioned in our cryptocurrency market analysis article yesterday, the primary reason for the markets’ recent crash is due to the Fed’s increase in interest rates. An increase in interest rates means it’s more worthwhile to save money, causing a bearish

The post When Will Bitcoin, Ethereum, XRP, Solana, and Avalanche Price Recover? appeared first on The Merkle News.

Go to Source

90% of surveyed central banks are exploring CBDCs — BIS

“Globally, more than two thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short or medium term,” said the BIS.

Go to Source

‘Regulations are in place to help crypto businesses understand operations,’ says The Bahamas PM Philip Davis

The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT’s Crypto Bahamas.

Go to Source

Klein Finance Announced the Completion of a Funding Round With Participation From KCC Chain and KuCoin-Ventures

PRESS RELEASE. Klein Finance, a stablecoin liquidity provider and exchange platform built on KCC (Kucoin Community Chain), announced the opening of its funding program. It has already received a multi-million dollars investment from KuCoin Ventures and KCC chain. Klein Finance is an efficient decentralized trading platform for digital assets built on KCC (Kucoin Community Chain), […]

Go to Source

Will Polkadot (DOT) price reverse course now that cross-chain messaging is live?

DOT price could find reason to rally now that cross-chain messaging on Polkadot brings new interoperability, liquid staking and options to mint aUSD stablecoin.

Go to Source

Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty […]

Go to Source