Author: News Room
CoinDCX, a leading crypto exchange in India, has partnered up with Mesh, a US company specializing in finance solutions, aiming to streamline digital asset transfers and management for its users. The partnership introduces a streamlined process for transferring assets between centralized exchange accounts and decentralized finance (defi) wallets directly on the CoinDCX platform. This feature simplifies the process of digital asset deposits, enabling secure and straightforward transactions without leaving the CoinDCX environment. “The integration with Mesh is a game-changer for CoinDCX and our users. Solutions like Mesh streamline the complexities of the crypto industry, significantly enhancing the usability factor for…
The cumulative supply of the top three stablecoins – USDT, USDC, and DAI – has increased to $141.42 billion, the highest since May 2022. The data indicates that capital continues to flow into the crypto market. Other indicators like bitcoin’s MVRV Z-score suggest there is plenty of upside left in the top cryptocurrency by market value. Bitcoin’s (BTC) steep rally has recently lost impetus. Still, the supply of stablecoins or dollar-pegged cryptocurrencies, often considered a powder keg that could be used to fund token purchases, continues to rise, reassuring stability to bitcoin bulls. Bitcoin hit record highs above $73,500 on…
In Turkey, soaring inflation reached 68.5% in March, a stark increase that has propelled Bitcoin to near all-time highs against the Turkish Lira. The Turkish Statistical Institute’s recent data highlights a 3.16% monthly inflation rise. Turkish Citizens Resort to Crypto Amidst Soaring Inflation Key sectors such as education, communication, and hospitality have driven the surge in inflation, with respective month-on-month increases of 13%, 5.6%, and 3.9%. The education and hospitality sectors witnessed the highest annual inflation, recording 104% and 95%, respectively. Consequently, Turkey’s central bank has aggressively hiked interest rates, now at 50%, to tackle the inflation that stubbornly remains…
PRESS RELEASE. Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite of financial tools for economic freedom. […] Read the full article here
The financial market hosts many trading platforms and traders with varying experience. Despite the diversity, traders face a list of challenges, such as the constant need to keep up with voluminous market information, the struggle with emotional decision-making, and the continuous pressure to be updated with emerging fintech tools. Unicapital offers an all-in-one solution through a platform designed to tackle traders’ everyday challenges. The project utilizes artificial intelligence (AI), real-time analytics, risk management, and other features to enhance the trading experience for every trader. What is Unicapital? Unicapital is a financial technology startup that provides traders with the knowledge and…
Data from IntoTheBlock’s Large Holders Netflow metric has revealed a staggering surge in Bitcoin accumulation by whales during the recent market downturn. Wallets holding at least 0.1% of the total Bitcoin supply seized the opportunity to bolster their holdings by adding nearly 33,000 BTC to their stacks in a single day, translating to a whopping $2 billion investment. Delving into the figures, the net flow of Bitcoin into the wallets of these large holders witnessed a remarkable turnaround. On April 1, outflows exceeded inflows by 3,530 BTC. However, by April 2, the tide had shifted dramatically, with a net inflow…
Subsquid, the leading decentralized data lake provider, has recently introduced support for Prom to the platform. This is a major breakthrough in the smooth accessibility of on-chain information for developers wishing to apply it in their projects. The Subsquid SDK now supports Prom usage. It makes it easier for developers working within the Prom ecosystem to access all the data they require from one location. Prom Bridges Blockchain Ecosystems for Seamless Integration Prom, a modular ZkEVM Layer 2 solution, further distinguishes itself as an interoperability facilitator across chains. In contrast, the current platforms that require developers to target one chain…
As revealed thanks to data from IntoTheBlock, the volume of large transactions involving popular meme cryptocurrency Shiba Inu (SHIB) has increased by over 400% in the past 24 hours. Digging deeper into the data, the volume of large transactions rose from 1.4 trillion SHIB to 6.11 trillion SHIB, a 436% increase. In monetary terms, the volume of large transactions with the Shiba Inu token increased $42.75 million to $171.74 million, a 401.7% increase. Overall, the number of large transactions, which are defined as those totaling at least $100,000, rose to 276, 119 more than the day before. The difference in…
Ethereum (ETH) price dipped to its 2-week low at $3.2K within the last 24-hour window. ETH’s 30-day realized volatility experiences a drop from 79% to 76%. This largest altcoin records a fear and greed index of 56, emphasizing greed. Ethereum (ETH), the world’s second dominantly valued cryptocurrency, fumbles down to its lowest point of $3,202 in a fortnight. At the moment, the question, “Will ETH slide further to $3K?” still hangs in the air. ETH 4H Price Chart (Source: TradingView) As per the price chart, ETH/USDT is trapped in a downtrend with a bearish MA (moving average) cross-over — the…
BitMEX former CEO Arthur Hayes, who attracted attention with his striking statements and analyzes on Bitcoin (BTC) and cryptocurrencies, put Binance’s latest Launchpool project, Ethena (ENA), on his radar in his X post. Ethena, a DeFi project that was recently launched and listed by many exchanges including Binance, has increased its popularity in the crypto market with its rise of over 20%. BitMEX co-founder Arthur Hayes expressed bullish expectations, noting the popularity of ENA and predicting a rise for the ENA price to $10. Congrats @ethena_labs on a successful TGE. If this is what $ENA is worth what the market…