Tag: finance

Evidence of Greater Traditional Finance Participation in Bitcoin – Blockchain News, Opinion, TV and Jobs

Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following this peak, the price experienced a slight dip, stabilizing around $37,000 from Friday until the week’s end. BTC dominance, measuring Bitcoin’s market capitalization against the total digital asset market, decreased for the second consecutive week, settling at approximately 52.3%. This…

Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the judge to postpone the fraud trial to April 8, 2023. The Aave protocol had to pause multiple markets earlier after reports of a feature-related bug. The Coinflux multichain protocol called ShuttleFlow is all set to wind down its services…

Can Chainlink Reach $20 With Rollup Finance Partnership?

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Chainlink (LINK) has experienced a remarkable rally in recent weeks, garnering significant attention from traders seeking scalping opportunities. The surge in interest isn’t limited to scalpers alone, as both retail and institutional investors are increasingly securing positions in LINK, driven by their belief in the cryptocurrency’s promising future. Chainlink recently unveiled a strategic collaboration that sent ripples through the cryptocurrency community. The announcement stated, “Rollup Finance will make 3.75% of its total native token supply available to Chainlink service providers, including stakers.”  🏗️ #ChainlinkBUILD 🏗️@Rollup_Finance is joining Chainlink BUILD to…

MC2 Finance joins Cointelegraph Accelerator

Decentralized finance (DeFi) might hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles with onboarding new users -both retail and institutional- due to its limitations on the user experience side.  Despite all the innovation and development happening on the infrastructure level, the “DeFi revolution” is presented to users with unnecessarily complicated screens that would require expert-level technical knowledge.  To reach the mainstream, blockchain protocols need a robust infrastructure on the back while delivering a smooth, clean and user-friendly experience on the front. The…

Multichain inside job? And SOL surges 80% in a month: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. A trader managed to exploit the brief opening of the Multichain cross-chain bridge, which was frozen since its exploit in July 2023, allowing the trader to turn $280,000 worth of Fantom’s (FTM) tokens into $1.9 million worth of different assets. In other news, Solana’s (SOL) token has surged 80% in a month, and Avalanche is set to shut down its Etherscan-powered blockchain…

Frax Finance Says its Domain Name Has Been Hijacked

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Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was filled with bullish resurgences for many projects, but it was the Uniswap founder’s $650 billion HayCoin (HAY) burn — 99% of the token supply — that grabbed headlines. In other news, a new report highlighted that 85% of the rug-pulled DeFi projects in Q3 didn’t report an audit, and the largest DeFi protocol on Solana has…

Elon Musk’s X aims to revolutionize finance as a central hub

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Elon Musk’s venture, X (formerly known as Twitter), aims to position itself as a central financial hub, encouraging individuals to consider using X as their primary financial solution instead of traditional bank accounts for various financial requirements. According to reports, during the inaugural all-hands meeting on Oct. 26, Elon Musk articulated his vision for transforming the platform into a financial hub with a roadmap to implement new features by the end of 2024.  Elon Musk envisions X as an all-encompassing financial platform, covering every aspect of users’ financial lives, from…