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0 CommentsEthereum on exchanges hit a four-year low alongside steady inflows into the network’s staking contract ahead of The Merge. The market cap of the second-largest cryptocurrency has rallied by more than 34.5% over the past week, reaching nearly $199 billion. On July 21, Ethereum (ETH) held on exchanges hit a 4-year low following record staking…
The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week, resumes Prashant Jha in Finance Redefined digest on Cointeleptaph. This past week, the DeFi ecosystem saw several new developments related to the DeFi lending crisis as Celsius filed for bankruptcy. At a time when bears…
Coinbase is on the verge of losing its dominance in the crypto market. Uniswap, one of the biggest decentralized exchanges, is almost surpassing Coinbase’s trading volume, as the recent data shows. Meanwhile, Binance has overtaken Coinbase in Bitcoin balances. According to a report by Kaiko, the market share of trading volumes for Uniswap against Coinbase…
Crypto exchange KuCoin released its ‘Into The Cryptoverse’ report exploring the penetration and adoption of digital currencies in Saudi Arabia. Among others, the survey revealed that about 14% of adult Saudis become crypto investors, while another 17% are likely to invest in crypto over the next six months. Conducted by KuCoin as of May 2022,…
The cost of mining one Bitcoin (BTC) has fallen to 10-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. It could help to reverse the falling profitability trend while lowering power demands on the network. JPMorgan strategists led by Nikolaos Panigirtzoglou, in a note to clients seen…
Bitcoin is more likely to plummet to $10,000 than soar again above $30,000 following the recent downturn in the market, said the results of a survey published on July 11. According to the latest MLIV Pulse survey, Bitcoin is more likely to tumble to $10,000 than it is to rally back to $30,000, said 60%…
