Imagine you’re a country with a lukewarm economy, exporting mostly metals and agricultural products, but without a great deal of foreign investment. Doesn’t sound like a great prospect, does it? However, this European country may just have found a way.
Decentralized finance (DeFi) protocols or platforms are decentralized applications (dApps) that mimic traditional financial services providers such as banks, lenders, and insurance providers using smart contracts.
OpenSea, the Ethereum-based largest NFT marketplace is seeing a sharp decline in the daily transaction volumes on the platform. On Wednesday, September 8, the daily transaction volume on OpenSea was less than $100 million for the first time since August 21.
On Wednesday, the programmable liquidity platform Balancer Protocol announced the project has partnered with the Wallstreetbets defi project Wsbdapp. The announcement details that the two projects will collaborate in order to launch Wsbdapp’s exchange-traded portfolios (ETPs) on Balancer V2.
Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady stream of small buyers for the memecoin.
Support for Coinbase and its CEO, Brian Armstrong, has been pouring from the crypto community since the company disclosed in a regulatory filing on Wednesday that it had received a Wells notice from the U.S. Securities Exchange Commission.
It’s been an unstoppable journey for Solana (SOL) over the last few weeks. Despite the overall crypto market staying under pressure, Solana has added another 20% gains smashing past $200 and hitting a new all-time high.
The Ethereum price analysis reveals that the queen of cryptocurrency is struggling to maintain the $3,550 high at the time of writing. The queen of cryptocurrency underwent the flash crash market movement to lose better highs. The king of cryptocurrency Bitcoin propelled the motion of this event and the ripple went through the cryptocurrency universe like a heart attack, and Ethereum was no exception. During the past 24 hours, ETH is up by 6.14 percent while it is down by 5.57 percent on the weekly scale.
China’s central bank has completed its crackdown on digital currencies, according to its latest report. The People’s Bank of China (PBoC) said it now regulates the sector ‘routinely.’ In its 2021 Financial Stability Report, the PBoC said it has been cracking down on a number of sectors that had caused concern, but it has now resolved most of the issues it was going after.
As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry.