Market focus

The “Big Chinese Offensive” on cryptocurrencies has led to a colossal outflow of crypto holders’ funds to decentralized crypto exchanges and DeFi projects, as well as over-the-counter platforms. Now centralized cryptocurrency exchanges are looking for a fitting answer to this challenge. Centralized cryptocurrency exchanges (CEX), having felt a threat to their market dominance, are rapidly…

Bitcoin’s major upgrade, known as Taproot, has activated this weekend to improve the blockchain‘s functionality. It’s the first major upgrade since 2017. Developers are now able to add new features to improve privacy, scalability, and security on the Bitcoin blockchain. As Forbes reported, the long-awaited Bitcoin upgrade was deployed Sunday morning and will unlock the…

Breaking crypto news from the last week (Nov. 6 – 12, 2021): 06 Nov.: Mythical Games, a blockchain-based gaming company, has raised $150 million in a Series C round led by Andreessen Horowitz (A16z) at a $1.25 billion valuation. The firm will use the funds to expand its team, scale operations, and bring new game…

What cryptocurrencies are doing to the investment industry you could almost call mockery. This new asset class shows returns on investment many times superior to any traditional assets. Thirteen years ago, Bitcoin was created as a completely independent form of money, i.e., a means of payment. However, over time, it suffered the same fate as…

Decentralized finance, also known as DeFi, has continued its unabated growth in the crypto industry as one of the metrics used to measure its progress, total value locked (TVL), has reached a new all-time high of above $250 billion. While Ethereum holds the lion’s share of TVL in DeFi, a great number of decentralized applications…

JPMorgan analysts said that crypto investors should hold Ethereum rather than Bitcoin as the interest rates rise. While Ethereum powers such booming market areas as decentralized finance and non-fungible tokens, Bitcoin, similar to gold, is likely vulnerable as bond yields and interest rates rise. According to JPMorgan, crypto investors should be holding Ethereum rather than…