Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined

The U.S. dollar index (DXY) turned down from its 20-year high on April 29 but that has not changed the bearish price action seen in Bitcoin (BTC) and the U.S. equity markets. Equities remain under pressure and this week, Amazon stock saw its biggest intraday drop since 2014 after uncertainty over the U.S. Federal Reserve’s tightening measures…

Lately, the best-performing assets have been Chainlink (LINK) and Tezos (XTZ), which is noteworthy considering this is lengthy bullish price action from large-cap cryptos other than Bitcoin (BTC) and Ether (ETH). Chainlink is up 165% since the start of this year, while Tezos made a 180% upwards move. These upward movements warrant an analysis of…

Following the theft of 342,000 Ether (ETH) ($50 million) from major South Korean crypto exchange Upbit, some commentators have suggested that the hack was actually an inside job.As Cointelegraph contributor Joseph Young tweeted on Nov. 27:“The ‘hacker’ timed when UPbit was making crypto transfers to its cold wallet (other alts like TRON, etc.). Hence, I…

Bearer instruments such as stablecoin harken back to the days of pre-central bank “free banking,” with all the risks that implies, a BIS working paper says. 219 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe singleness of money is the assurance that public and private money trade…

No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. 61 Total views 1 Total shares Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders looks to $19,500…

SushiSwap, a fork of the popular Uniswap exchange and one of the latest breakouts of the DeFi craze, has undergone its fair share of scrutiny in recent days. The platform's token, known as Sushi, quickly came to represent 77% of the action on Uniswap as of Sept. 1, garnering more than $1.5 billion in locked value…

Digital securities company Securitize announced a strategic investment from Sony Financial Ventures, in a press release dated Feb. 4. The unspecified level of investment marks an extension of Securitize’s latest funding round, which saw Santander and MUFG lead a $14 million round of investment capital, as Cointelegraph reported in September 2019.Securitize is a compliance platform…

"Greater clarity" around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report. 160 Total views 20 Total shares Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report. Said inflows reached $16.3 million last week, adding to…