LCX price rallies 300%+ after the launching DeFi Terminal 2.0

The emergence of decentralized finance (DeFi) has reshaped the landscape of the cryptocurrency ecosystem, which was once dominated by centralized exchanges like Coinbase and Binance and helped to make it more accessible for users and projects seeking to gain access to the markets.  As DeFi emerged as a cheaper, more accessible option for investors and projects, centralized exchanges saw their reserves of BTC and Ether dip and they began to compete for users as growing numbers of investors opted to give DeFi a try. Instead of taking a ‘centralized only’…

Twitter Introduces Bitcoin Tipping for All Users

Share this article Twitter announced in a blog post today that its users are now able to send tips through various methods including Bitcoin. Twitter Adds Bitcoin Tips Twitter’s cryptocurrency tipping service allows users to tip cryptocurrency directly to a native Bitcoin address. “You can now … add your Bitcoin address,” Twitter explains. “People can copy your address and paste it into a Bitcoin wallet of their choice to send you a payment directly.” Users can also tip through Strike, a payments app built on the Lightning Network. Unlike native…

Bitcoin Rises Even as Indicator Shows Extreme Bearish Sentiment — CoinDesk

Other traders remain active, seeking opportunities for investments that will outperform BTC by using options and futures strategies. “Over time, a lot of folks that deployed in crypto went for vanilla (passive) strategies, but saw that they could get more alpha and mitigate risk with active strategies,” crypto hedge fund BKCoin Capital said in an interview with CoinDesk. Source link

Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping

Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the FOMC meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out to impact global financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between $43,000 and $44,300 during the early trading hours on Thursday, the price of BTC spiked…

A case study for stablecoin compliance and security

Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by them. These assets can be anything from fiat money, commodities like gold or silver, or even another cryptocurrency. As their name suggests, stablecoins are designed to have a value that stays (rather) stable like cash, a contrast to the volatility common in cryptocurrency trading today. To…

The Dreaded Federal Reserve Taper Is Coming

This episode is sponsored by NYDIG. Download this episode Today on “The Breakdown,” NLW examines the upcoming Federal Reserve winding down, or taper, of its support for the markets. This includes scaling back its bond-buying programs, a process that could begin as early as next month and conclude the middle of next year. Plus, the Fed may raise interest rates before the end of 2022. Additionally, on the Brief, he covers: A $50 million fundraise for a former ConsenSys exec A new social token focused accelerator Invesco and Galaxy team…

Is the Dollar Doomed? — CoinDesk

A more likely outcome is an erosion in the shares of currencies such as the euro, the British pound sterling, and the Japanese yen, while the dollar remains largely unscathed. After all, stablecoins pegged to the dollar would simply make it easier to gain access to the world’s leading currency. If Diem were to provide equally accessible versions of coins linked to the dollar, the euro and a few other major currencies, it is a fair bet that, at least initially, demand would be strongest for the dollar-backed coins. Source…

MiamiCoin Going Mainstream ‘Faster Than Bitcoin,’ Mayor Suarez Says — CoinDesk

MIA runs on the Stacks protocol, which in turn runs on top of the Bitcoin network. People can “mine” MIA by sending STX, the native token of Stacks, to a smart contract, which forwards 30% of those contributions to a wallet reserved for the city. Last month, the city voted to accept those funds, now worth $7 million. Suarez said Thursday the project is generating over $2,000 every 10 minutes for the municipality. Source link

Top NFL Prospect Kayvon Thibodeaux Taps Rally to Launch Own Cryptocurrency — CoinDesk

Thibodeax is just the second college athlete to launch their own cryptocurrency behind UCLA basketball’s Jaylen Clark, who is also partnered with Rally. Thibodeax was previously involved in a non-fungible token (NFT) partnership with Nike founder Phil Knight and famed sneaker designer Tinker Hatfield back in July, his first ever name, image and likeness (NIL) deal. Source link