Lower interest rates could be the key to DeFi summer: HashKey CEO

August 16, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Declining interest rates — along with rising investment in Bitcoin — could provide the fuel the DeFi market needs to experience a long-awaited resurgence.

Update April 9, 1:38 pm UTC: This article has been updated to include the latest developments on US import tariffs. The global trade war may be a silver lining for Bitcoin’s growing recognition as a safe-haven asset next to gold, thanks to its liquidity and accessibility advantages compared with precious metals. Financial markets have been

Poker network now gives ‘95% of payouts’ in Bitcoin — around $160M monthly

Winning Poker Network, an online network that supports numerous online poker websites across the world, has reported a surge in demand for Bitcoin payouts. In an Nov. 19 report from Bloomberg, the CEO behind Winning Poker Network, or WPN, said that up to 95% of poker players are currently requesting to be paid in Bitcoin (BTC).…

SEC approves New York Stock Exchange listing of Bitcoin options ETF

Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.

A little bit of history repeating? The numbers behind Bitcoin’s bull run

The idea of market cycles is widely accepted in finance. The most basic principle is that what goes up must come down. The underlying rationale is that investors will accumulate when prices are low, causing prices to rise. As the price reaches a peak, sell pressure will take over as holders seek to cash out,…

Subreddit /r/Bitcoin Hits One Million Subscriber Milestone

Stalwart Bitcoin (BTC) community subreddit “/r/Bitcoin” has hit the one million subscriber mark, according to a post from moderator “ibelite” Dec. 2.One of the most well-known online Bitcoin communities, /r/Bitcoin was founded in September 2010, almost two years after the release of the Bitcoin white paper. The subreddit has reached the one million subscribers point…

ApeCoin risks another massive selloff as APE drops 70% in two weeks — Here’s why

A euphoric price rally by ApeCoin (APE) seen in mid-March appears to be exhausted already thanks to the coin's 70% drop in valuation in the past two weeks — and it may fall further in April.At the core of this bearish outlook is a rising wedge, a technical pattern that forms as the price consolidates…

China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week

Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling.What could be next? With bullish short-term voices few and far between, it seems that cryptocurrency just isn’t of interest to investors right now.Against a backdrop of macro market uncertainty, low volumes…

Aave transfers governance to token holders

Aave’s core developers have transferred governance rights over to AAVE token holders, giving its community control over the future of the protocol. 297 Total views 5 Total shares Aave has become the latest decentralized finance (DeFi) project to transfer governance rights to its token holders.On Oct. 29, Aave announced that the protocol's admin keys had…

BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model

Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are amending their filings to comply with the cash redemption model demanded by securities regulators. Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).Filed

Share this: