Bitcoin bank proposal gains momentum in El Salvador

The Cream Finance project, a lending protocol that recently merged into the Yearn ecosystem, announced the upcoming launch of its Iron Bank feature, a name inspired by the once-popular TV show Game Of Thrones.Cream’s Iron Bank is an attempt to create a DeFi equivalent of corporate debt. The announcement, released on Thursday, explains how the…

Ethereum network volumes have soared, but a single decentralized application accounted for 59.5% of the entire network’s volume.

Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter.Despite Cardano founder Charles Hoskinson's claim that the DeFi space is now “up for grabs,“ it was rival Vitalik Buterin who stole the headlines this week with a feature in Time Magazine.What you’re about to read is the smaller version of this newsletter designed…

Bitcoin ETF and halving buzz have boosted BTC's demand compared to Ethereum in recent weeks. 322 Total views 2 Total shares The price of Ethereum's native token, Ether (ETH), is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS).Will it continue to weaken for the remainder of 2023?

Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time. 828 Total views 2 Total shares On the night of Nov. 11, several wallet addresses linked to FTX were found transferring millions of dollars worth of cryptocurrencies…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Hackers have breached the security cover of one of the largest…

Daniel Roberts, Iris Energy co-founder, said the firm had energized the facility on time “despite the current market backdrop and ongoing international supply chain challenges.” 265 Total views 22 Total shares Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase…

Michael Novogratz’s crypto merchant bank Galaxy Digital is launching two Bitcoin (BTC) funds, targeting people between the ages of 50 and 80. The new funds aim to bring “the wealth of America,” or people who may have largely remained out of crypto investing, to cryptocurrency markets, Novogratz told Bloomberg Nov. 19.According to Bloomberg, the funds…

Bitcoin (BTC) fell at the Dec. 22 Wall Street open as United States equities reversed previous gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin risks new and unseen "death crossData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to intraday lows of $16,650 on Bitstamp. The pair remained a conspicuous stocks copycat as the S&P…