The Ronin blockchain, an innovative Layer 1 solution from Sky Mavis, has recently captured attention with its remarkable growth in decentralized finance (DeFi). In the third quarter of 2024, the total value locked (TVL) in Ronin’s DeFi ecosystem surged by an astonishing 149% year-over-year, reaching a staggering $147 million. This significant increase can be attributed
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Ethereum (ETH) is at a crucial juncture, attempting to surpass the formidable $4,000 resistance level that has historically posed challenges. As this cryptocurrency inches closer to its all-time highs, the market sentiment is fraught with a mix of optimism and skepticism. While Ethereum boasts robust fundamentals and a rich developers’ ecosystem, lingering questions regarding its
In an impressive maneuver showcasing confidence in the burgeoning world of cryptocurrency, Nano Labs—a fabless integrated circuit design powerhouse from China—has finalized a substantial private placement raising $36.25 million. Initially disclosed in the previous November, the deal involved the issuance of over 5.6 million Class A ordinary shares priced at $6.46 each. This effective capital-raising
In its recent end-of-year report, Robinhood Crypto has unveiled significant strides made throughout 2024, underscoring a remarkable period of growth in both the American and European markets. Marking the anniversary of its European market entry, the report highlights an impressive notional trading volume of $119 billion and $38 billion in crypto assets under custody as
Semilore Faleti stands at the intersection of journalism and cryptocurrency, having carved out a unique niche in the rapidly changing digital asset landscape. Although he began his writing career exploring a variety of topics, it was within the labyrinthine depths of blockchain and cryptocurrency that he truly found his calling. Semilore demonstrates a keen ability
The cryptocurrency landscape has been electrified by Bitcoin’s approaching attempt to breach the pivotal $100,000 mark. This moment heralds not only a significant psychological barrier but also serves as a potential launchpad for unprecedented price escalations. As evident from recent charts, Bitcoin has established a series of higher highs and lower lows after experiencing a
In the ever-evolving world of cryptocurrencies, few assets command as much attention as Bitcoin. Recently, financial analysts and traders have been scrutinizing Bitcoin’s price movements, fueled by promising indicators suggesting the possibility of a significant surge in its value. Notably, crypto analyst Tony Severino has put forth a bold claim that Bitcoin could potentially reach
The cryptocurrency market thrives on innovation and competition, but recent developments indicate a growing concern over monopoly practices within the space. BiT Global, linked to crypto entrepreneur Justin Sun, has initiated legal action against crypto behemoth Coinbase, the leading U.S. exchange. The lawsuit, filed on December 13, alleges that Coinbase’s decision to delist Wrapped Bitcoin
In an industry where partnerships can define the future, Crypto.com, a leading digital asset trading platform based in Singapore, has announced a significant alliance with Deutsche Bank, a prestigious German multinational investment bank. This collaboration is poised to deliver traditional banking services to users in select regions, including Singapore, Australia, and Hong Kong. The initiative
In a groundbreaking move for the cryptocurrency landscape, Tether’s USDT stablecoin has received the nod as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM), as announced on December 10. This important decision, made by the Financial Services Regulatory Authority (FSRA), allows licensed businesses within this financial jurisdiction to provide services using