Month: August 2022

What is CeDeFi, and why does it matter?

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CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use. What are the disadvantages of CeDeFi? Currently, CeDeFi’s main downside is the high learning curve associated with its protocols because of their complexity. The concept is still young, and more intuitive and user-friendly interfaces are bound to emerge over time. CeDeFi also relies heavily on Ethereum, given that most CeDeFi protocols are still built on the Ethereum blockchain. If Ethereum fails, CeDeFi will likely fail as well. However, this…

Nasdaq-Listed Eqonex Closing Crypto Exchange Due to High Competition, Fallen Volumes – Exchanges Bitcoin News

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The Nasdaq-listed firm Eqonex is closing its cryptocurrency exchange business. The company cited high competition among crypto trading platforms and fallen volumes as key reasons for shutting down its exchange. Eqonex Closing Crypto Exchange Eqonex Ltd. (Nasdaq: EQOS), a digital asset financial services company, announced the closing of its spot and derivatives cryptocurrency exchange Monday. The announcement states: The company will proactively exit the crowded crypto exchange space by closing the exchange. The Eqonex exchange will close for trading on Aug. 22 at 8 a.m. (UCT) and for withdrawals on…

EOS price jumps 20% for biggest gain in 15 months — what’s fueling the uptrend?

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EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which gained over 2% and 3.75%, respectively. But the upside move was also driven by a flurry of uplifting updates emerging from the EOS ecosystem. EOS/USD daily price chart. Source: TradingView EOS incentive program launch On Aug. 14, the EOS Network Foundation (ENF), a not-for-profit organization that oversees…

NY judge allows Celsius to mine, sell Bitcoin

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Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy. Since July 2022, Celsius Networks stands at the crosshair of United States officials after reports of bankruptcy surfaced, which risks losing the live savings of numerous crypto investors. Last week many got very upset with me as I said @CelsiusNetwork would run out of money & solutions needed to be acted upon faster. I was…

Bitcoin price sees firm rejection at $24.5K as traders doubt strength

Bitcoin (BTC) returned to range resistance on Aug. 17 amid ongoing concerns that a retracement is imminen. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No success for Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $24,448 on Bitstamp, up 3.25% from the previous day’s low before diving $600 in under an hour. Momentum gained speed on the day, but bulls faced familiar resistance at levels keeping them broadly in check since mid-June. The past week’s trips to $25,000 and beyond remained brief breakouts beyond a two-month…

UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

The BoE will detail its plans to regulate systemic stablecoins, including whether it will be authorizing firms next year, in a consultation, where the government lays out proposed regulatory measures in a document and invites the public or industry representatives to weigh in. The PSR, too, is planning to issue guidance on how it would regulate DSAs, including stablecoins. Source

What's going on in the crypto market right now?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto markets have tanked over the past few days with bitcoin hitting levels not seen since 2020. CNBC’s Arjun Kharpal talks through what has happened and where the market could be headed. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

6 Best New Cryptocurrency Australia to Buy 2022

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With the growing popularity of cryptocurrencies, investors from all over the world are looking to buy the best new cryptocurrency assets in 2022. This guide reviews the 6 best new cryptos to buy in Australia in 2022. Top 6 New Cryptocurrency Australia to Buy 2022 Tamadoge – Best New Crypto to Buy in Australia in 2022 Battle Infinity – Top New P2E Platform to invest in Australia Lucky Block – New NFT Cryptocurrency Project to Buy in Australia Ethereum – Best New Altcoin to Invest in Australia Solana – Highly…