Amid the weakness in bitcoin and other crypto assets during the latter part of 2021 and early 2022, there’s been an anomalous counter-performance by the decentralized finance (DeFi) sector. The last few weeks have seen a modest rebound in total value locked, a measure of how much digital asset value has been collateralized for loans in the DeFi system. CoinDesk’s Shuai Hao … [Read more...] about Off the Charts: DeFi Rebound
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Bitcoin, Altcoins Rebound Amid Light Trading
Bitcoin pushed past the $42,000 level over the weekend, after last week’s broad market bloodbath, which sent the No. 1 cryptocurrency by market capitalization spiraling toward $40,000 from about $48,000. At the time of publication, ether and most of the altcoins in CoinDesk’s top 20 by market capitalization were up, although still way down over the past week. Source link … [Read more...] about Bitcoin, Altcoins Rebound Amid Light Trading
Polygon’s MATIC Token Up 40% Amid Crypto Rebound
As cryptocurrencies continued to recover Tuesday from last weekend’s massive sell-off, Ethereum scaling solution Polygon was among the biggest gainers.MATIC, the native token of the Polygon blockchain, surged from $1.79 on Monday morning to $2.50 over the ensuing 24 hours, a nearly 40% gain. At the time of publication, the price had since dipped to $2.32.The increase occurred … [Read more...] about Polygon’s MATIC Token Up 40% Amid Crypto Rebound
Bitcoin Rebound Continues Into Third Day Amid Lessening Omicron Fears
“First Mover” hosts spoke with The Sandbox co-founder and Chief Operating Officer Sebastien Borget for an insider look into the metaverse gaming space as the firm launches Sandbox Metaverse Alpha. GlobalBlock CEO Rufus Round shared market insights as bitcoin rebounds from a steep selloff. Pat Duffy and Alex Wilson, co-founders of The Giving Block, shared how charities and … [Read more...] about Bitcoin Rebound Continues Into Third Day Amid Lessening Omicron Fears
Bitcoin, Altcoins Rebound From ‘Black Friday’ Plummet
“We’re excited about the potential for Web 3 technology and the positive ways these communities are coming together on Discord, especially those organized around environmentally friendly, creator-focused projects,” the company told TechCrunch. “However, we also recognize there are some problems we need to work through. For now, we’re focused on protecting users from spams, … [Read more...] about Bitcoin, Altcoins Rebound From ‘Black Friday’ Plummet