Blake Cassidy, CEO of Australian micro-investment app Bamboo, has claimed that the Australian Securities Exchange’s (ASX) bias against listing crypto companies is causing an Aussie brain drain leading firms to seek out a US listing.
The price of Shiba Inu has fallen 11% after a series of transactions from the whale wallet that famously transformed a $3400 purchase last August into $1.55B.
During the second week of October, the total value locked (TVL) in decentralized finance (defi) protocols crossed $200 billion, and two weeks later in November, the TVL in defi surpassed $250 billion gaining 25% in value. Meanwhile, Ethereum commands more than 67% of the $253 billion TVL in defi today, gaining 4.65% during the last seven days while Solana’s TVL increased by 5.99% this past week.
One of cryptocurrency’s many selling points is that it offers low transaction fees and speedy processing. Where merchants might pay fees of 1.3% to 3.5% on credit card payments, a similar transaction using cryptocurrency could cost a fraction of a dollar.
Over the last week, the world’s largest cryptocurrency has been consolidating in the $62K-$63K range. We have been also hearing a lot of institutional and regulatory talk around Bitcoin post the launch of the first Bitcoin futures ETF in the United States.
Cardano’s price has broken over the $2.0000 resistance zone after trading in a narrow range since late last week. According to CoinMarketCap, its trading volume has increased by 77.45 percent in the last 24 hours. In the crypto market, it is presently placed 5th.
Despite several regulatory challenges along the way this year, the world’s largest crypto exchange Binance continues to spearhead development in the blockchain and the crypto space. Binance has announced a EUR100 Million initiative to develop France’s blockchain and crypto ecosystem in partnership with FranceFintech.
The world’s biggest crypto exchange, Binance, has launched an inquiry into the Squid Game token to trace funds associated with the epic 45,000% pump and dump a few days ago.
Data suggests that some low-paid members of the workforce are quitting their jobs after making life-changing crypto gains.