Cryptocurrency Analysis and News Portal
The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing
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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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The privacy-centric crypto asset monero has seen significant gains during the last two weeks, jumping 36% in value against the U.S. dollar. Despite the negative press from the “Spider-Man: No Way Home” torrents with monero mining malware, seven-day statistics indicate the crypto asset has gained more than 21%. Monero Sees Double-Digit
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Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto market economy. Stablecoin Issuance Jumps 3.5% There’s a
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NearPad and Rose will offer incentivized opportunities for users to deposit UST liquidity into the protocols, which can then be accessed by the wider NEAR community. NearPad is a Near-based decentralized exchange and market maker, while Rose is an Aurora-based stablecoin and wrapped assets swap product. Original Source
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The Hedera Network, which claims to be the only public distributed ledger network suited for the security and stability requirements of big businesses, is jumping into the cryptocurrency-fueled frenzy over virtual worlds, angling to develop what it describes as “enterprise metaverse.”The HBAR Foundation, which supports development on the Hedera Network
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While male investors dominated the action in the volatile meme tokens, women investors mostly traded bitcoin, the report said. However, the number of new female users increased 1,009%, outshining the 829% increase in male signups, a sign of demographic shift, also represented by crypto’s growing popularity in the young generation. Source
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It relied on smart contracts to execute crypto-to-crypto trades, and later branched out to include lending, staking, and non-fungible token (NFT) services. Developers further expanded Sushi’s capabilities to include nearly 24 other blockchains and layer 2 solutions, a move that helped it lock over $10 billion in assets at one
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Bitcoin (BTC) surged over $1,000 in seconds on Dec. 10 as the United States Consumer Price Index (CPI) data showed inflation in November was worse than anticipated. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNovember CPI conforms to expectationsData from Cointelegraph Markets Pro and TradingView showed BTC/USD running to $50,132 on Bitstamp as
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After the release of the October CPI data, bitcoin shot up by almost $3,000 to quickly print a new all-time high of $68,950. But within a few hours, the move reversed completely, and prices fell as more traders shifted to focus on the logical consequence of faster inflation: monetary-policy tightening
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