Analysts are anticipating another rise in Decentralized Finance (DeFi) token prices. The latest rise in the Total Value Locked (TVL) platform suggests a strong and steady course for DeFi tokens in the next few months.
Binance CEO Changpeng Zhao has revealed that the crypto company will shift gears and begin working towards regulatory compliance across the globe. Zhao Tweeted several posts on Tuesday about the direction of his exchange. Binance CEO stated that he had hosted a one-hour press conference and shared important updates after the call ended. The posts serve to catch the public up on what steps the company is making toward its goal of gaining global compliance with regulators.
Four low-cap crypto assets are surging and printing substantial gains in the last seven days while Bitcoin eyes its longest winning streak this year.
Leading the altcoin charge is Axie Infinity (AXS), a blockchain-based game that allows players to collect, breed, raise, battle and trade collectible digital creatures.
Bitcoin’s (BTC) volatility made the headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom that started on July 15, this is the second time Bitcoin is trying to break $40,000 resistance in two days.
Dogecoin price nowadays has remained off the track as the multiple dips had bottomed the levels drastically. Each time, the price attempted to uplift itself but woefully a considerable decline also hampered the rally. Therefore the DOGE price remained below the projected area and waiting for a strong push that could carry close to $0.5.
The world’s leading e-commerce giant Amazon is looking for a digital currency and blockchain lead to leverage these technologies to better its payments system. This led to reports that Amazon was considering bitcoin payments, although the firm has denied the claims. Several of the major firms as big as Amazon have been exploring digital currency payments. The reports of Amazon working on bitcoin payments sent the bitcoin price roaring.
The summer of 2020 became popular as the DeFi summer for the crypto community with a strong surge in the decentralized finance (DeFi) tokens. Now, the summer of 2021 shall become popular as the NFT gaming market.
This year has seen unprecedented growth in the crypto markets, with lucrative knock-on effects for third parties like Visa. This, however, may already be beginning to dwindle, according to the company’s senior executives.
Morningstar Portfolio Manager Amy Arnott said Cardano, along with Bitcoin and Ethereum, has the potential to form the “big three” of mainstream cryptocurrencies.
She pointed out each has its pros and cons. However, Cardano will soon offer the technical applications of Ethereum, but without its extreme volatility. Whereas she claims Bitcoin lacks the ability to generate cash flow.
Crypto exchange Binance is launching a Tax Reporting Tool that will enable its users to “keep track of their crypto activities and streamline reporting requirements,” per a statement released yesterday.