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Cardano (ADA) is all flushed today as it plunged by 6% compared to yesterday’s high of $0.53. While it remains to hover above the 50-day moving average, ADA may drop further down by $0.45 in the next 24 hours as the bears take control of the market. ADA has a fantastic
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Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem saw several new developments despite a bearish phase brought on by the lending crisis in the crypto
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Dogecoin continues to plunge as it failed to retain support at the $0.08 level. The bad news is that the Dogecoin price can still fall further down as the bears appear to have bypassed the triangular structure that has latched ferociously around it the previous month. With the structure breached, the
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press release 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
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As well as driving a lot of demand for clean energy, crypto’s blockchain technology, which was designed to share a catalog of transactions so coins can’t be spent twice, can digitize and streamline clean energy markets. This involves assigning digital identities to clean energy facilities, for example, and creating digital
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Recently, Argo and privately held Gem Mining both said the curtailing of operations to support community needs for extra power lowered their production in February, among other reasons. Meanwhile, seasonal energy curtailment programs in Quebec, Canada, also hampered the monthly bitcoin production for Canadian miner Bitfarms (BITF). “As planned, seasonal
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Argo Blockchain’s mining margin in February narrowed from the previous month. Original Source
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Ether prices fell to under $2,200 at the start of January, losing 37% since November’s all-time highs of over $4,800. Tokens of other layer 1, or base, blockchains fell similarly, with Solana’s SOL losing 59% and Polkadot’s DOT losing 63% since November highs, CoinGecko data shows. Original Source
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Deribit, the biggest crypto options exchange, wrote in a newsletter to investors on Thursday that the volume of option trades on its platform in ether (ETH), the native cryptocurrency of the Ethereum blockchain, rose to a record 5.4 million in January, up 36% from the volume in December. Source
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Iris Energy (IREN), a Sydney-based company that mines bitcoin primarily with renewable energy, said its monthly revenue and number of bitcoin mined fell in November, mainly due to timing issues and an increase in network difficulty, according to a statement. Original Source
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