Solana DApp revenue reaches $365M in November 2024, led by memecoins

Venture capital firm Andreessen Horowitz has led a $25 million funding round for crypto lending startup Compound.On Nov. 14, Fortune reported that Compound, a decentralized finance (DeFi) lending protocol, secured $25 million in an investment round led by Andreessen Horowitz’s a16z, with participation from other top investors including Paradigm, Bain Capital Ventures and Polychain Capital.To…

Janet Yellen’s critical comments about cryptocurrencies put a damper on the wider market just as Ethereum price reached a new all-time high. 6361 Total views 21 Total shares On Tuesday, Ether (ETH) underwent a bullish breakout which propelled the price to a new all-time high at $1,428. While the move may have been technical, the fundamentals…

Kadyrov does not seem to understand cryptocurrencies very well. The Chechen leader Ramzan Kadyrov shared some harsh comments about cryptocurrencies amid growing interest in the technology amongst Chechnya’s citizens.According to Pravda, Kadyrov claimed that the media is presenting crypto “as the new gold,” provoking what he calls a kind of Bitcoin (BTC) “fever”:"People take loans,…

As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range. Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough to…

If things work out just as planned by the world’s richest man, Musk might eventually start allowing DOGE payments for Starlink subscriptions. 941 Total views 44 Total shares Just four months after EV manufacturer Tesla started accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his plan to extend the payment option for his space…

Central Bank of China claims that digital Yuan will not cause inflation. 1319 Total views 47 Total shares The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official explanation of the proposed digital Yuan and how it would work. A bank representative confirmed…

BitcoinIRA has partnered with digital asset lending firm Genesis Capital to offer investors the opportunity to earn interest on cryptocurrency and cash holdings. As an Oct. 21 press release notes, Los Angeles-based Bitcoin IRA has provided digital asset individual retirement account (IRA) solutions since 2016 and processed over $350 million in investments, onboarding 4,000 clients. Genesis Capital…

Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay. 628 Total views 24 Total shares Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation…

The government transportation department in the city of Austin, Texas partnered with nonprofit Iota Foundation to develop a more interoperable transportation ecosystem. The Austin Transportation Twitter account reported on the partnership on April 25.The tweet contained a link to an event — which took place on April 29 — featuring Dominik Schiener, co-founder of the…