Author: CryptoHoppers
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions […] Source link
Bitcoin’s post-halving price struggles highlighted market volatility and challenges in surpassing $60,000. Mining profitability has dropped significantly, despite increased hashrate and equipment efficiency improvements. The anticipated impact of Bitcoin’s [BTC] fourth halving, expected to drive its price to new heights, initially seemed to materialize as BTC surged past $70,000 in March, marking an all-time high. However, recent developments reveal a different story. As of the latest CoinMarketCap update, BTC was struggling to maintain its momentum, trading at $58,629, and has dropped by 2.41% in the past 24 hours. Bitcoin miners struggle post-halving Following the recent Bitcoin halving, miners have encountered their…
Journalist Posted: September 16, 2024 AI Tokens have seen more growth than memecoins in the last few weeks. Memecoins still hold more market capitalization despite declines. Artificial Intelligence tokens have shown notable growth in the last few weeks, rivaling the explosive trends that memecoins experienced earlier this year. The surge in interest in AI-driven projects has significantly boosted the market capitalization of these tokens, indicating a shift in investor attention. AI tokens see a boost in market capitalization In recent months, AI Tokens have witnessed a substantial uptrend, reflecting increasing confidence in the sector. Investors are now looking at AI-based…
Key Takeaways Hedera’s Asset Tokenization Studio keeps all asset management details on-chain, enhancing security. The studio includes features like bond coupons, stock dividends, whitelisting, and compliance with specific regulations. Share this article Hedera announced Monday it is launching its Asset Tokenization Studio, an open-source toolkit designed to streamline the issuance, management, and trading of tokenized bonds and equities on the Hedera network.The toolkit will keep all asset details securely managed on-chain, reducing risks associated with off-chain management seen in the basic ERC-1400 standard, Hedera explained.The team added that it will come with a comprehensive suite of features, including bond coupons,…
Mercado Libre, Latin America’s e-commerce and financial services giant, has announced that it will expand its previously launched Meli Dólar, an in-house developed dollar-pegged stablecoin, to other countries. The token, developed in partnership with the Argentina-based crypto exchange Ripio, will be launched in Mexico, according to Juan Vita, Senior Director of Product at Mercado Pago. […] Source link
Investor and former crypto analyst at ARK Invest Chris Burniske says that digital assets are showing subtle signs of an early bull market move. Burniske, a partner at venture capital firm Placeholder, says that modest rallies amid bearish market sentiment bode well for crypto assets. “Continuing to see subtle green shoots, while public sentiment remains depressed.” Zooming in, the investor flags some under-the-radar ecosystems that he says are showing contagious enthusiasm, helping to drive the crypto market cycle to his $10 trillion market cap target. “Contagious enthusiasm coming from up-and-coming ecosystems like that of Celestia or Move (Aptos, Movement Labs,…
In a partnership with MakerDAO, Aave Labs has launched Sky Aave Force to bridge the gap between decentralized finance and traditional finance, and drive mass adoption for DeFi. Aave posted on X, “An initiative by @runekek and @stanikulechov, Sky Aave Force has an ambitious goal: to drive mass adoption and close the gap between DeFi and TradFi. Now is the time to work together.” The firm further wrote, “As @StaniKulechov says, DeFi protocols have matured, showing resilience and market fit. By working together, DeFi can become the backbone of all finance, enabling unprecedented access and propelling new use cases. We…
Key Takeaways Circle accused of profiting from transactions linked to North Korea’s Lazarus Group. Lazarus Group allegedly laundered $200 million into stablecoins from 2020 to 2023. Share this article Circle, the company behind the USDC stablecoin, faces criticism from blockchain investigator ZachXBT for its delayed response to blacklisting funds associated with the North Korean hacking group Lazarus.ZachXBT alleges that Circle took over four months longer than other major stablecoin issuers to blacklist addresses linked to the Lazarus Group. The investigator claims this delay allowed Circle to profit from transactions associated with the notorious hacking group, which has been implicated in…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: […] Source link
MicroStrategy, the largest publicly traded corporate holder of Bitcoin, announced on Thursday, September 12, 2024, that it had acquired additional BTC. Moreover, Executive Chairman Michael Saylor spotlighted the development in a post on X. This acquisition could provide a much-needed push to the Bitcoin price which is currently struggling below the $58,000 mark. MicroStrategy Acquires More Bitcoin In the recent purchase, MicroStrategy acquired 18,300 BTC, according to a Form 8K filing today. The purchase was made at an average price of $60,408 per BTC, amounting to approximately $1.11 billion. This acquisition brings the company’s total Bitcoin holdings to 244,800 BTC, acquired…