While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors.For Siam Commercial Bank (SCB), DeFi is a major focus point of its current … [Read more...] about DeFi industry draws in commercial banks? Siam bets with $110M fund
Draws
Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly dropping below $34,000 on Sunday after choppy behavior at the start of the weekend.A comedown from resistance at near $40,000 … [Read more...] about Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Downward volatility hits the market on Sunday, as market participants argue that most of the drop is already complete. Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly … [Read more...] about Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Chinese state-run TV network draws attention to DeFi scams on Uniswap
CCTV-13, a TV channel that is part of the state-controlled China Central Television (CCTV) network, aired a new report today, highlighting how easy malicious actors can create fraudulent tokens and sell them on decentralized finance (DeFi) platforms such as Uniswap.“CCTV, China’s largest official TV station, began to pay attention to Uniswap and asked the security company to … [Read more...] about Chinese state-run TV network draws attention to DeFi scams on Uniswap
Kusama flips legacy projects EOS and TRON as parachain auctions launch draws near
Thanks to solid price momentum, Kusama has overtaken legacy projects such as TRON and EOS recently. On the technical front, there is a lot to look forward to as well.Kusama can be seen as a developer-oriented environment for coders looking to get acquainted with Polkadot’s technology, as both networks share the same code. All of the features that will eventually make their way … [Read more...] about Kusama flips legacy projects EOS and TRON as parachain auctions launch draws near