Cosmos launches Inter-Blockchain Communication to enable cross-chain Defi
Cosmos is now building a cross-chain DEX for IBC-enabled blockchains, dubbed Gravity. The self-described “Internet of blockchains,” Cosmos, has launched its Inter-Blockchain Communication standard, or IBC, enabling crypto assets to be transferred easily between independent blockchains.
BTC Could Soon Rally To $60K
Bitcoin price extended its rise above the $58,000 resistance against the US Dollar. BTC is now correcting gains, but it is likely to remain well bid near $56,750 and $56,500. The pair is likely to find a strong buying interest near the $56,500 support zone in the near term.
Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE
Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH).
Visa Starts Settling USDC Stablecoin Payments on the Ethereum Blockchain
Payments giant Visa has announced it is now settling payments in the USDC stable coin on the Ethereum blockchain, becoming the first major payments network to use a stable coin as a settlement currency. According to Business Insider, Visa piloted the USDC payment option via cryptocurrency exchange Crypto.com.
Uniswap Trading Volume Exploded by 450% to $7 Billion
A new Defi project called Delta launched on Uniswap. Its rebasing system has made trading volume on the decentralized exchange appear higher than normal. Uniswap Trading volume on decentralized exchange has jumped 450% over the last 24 hours. Total volume, per statistics on Uniswap.info, is $7.17 billion, compared to $1.6 billion yesterday.
Dai vs. Traditional Fiat: Examining the Advantages and DisadvantagesIn the world of finance, the emergence of cryptocurrencies has brought about significant changes to the traditional financial landscape. One such cryptocurrency that has gained considerable attention is Dai. In this article, we will delve into the advantages and disadvantages of Dai compared to traditional fiat currencies. By understanding the key differences and benefits of…
Finding the Best Crypto News Sources in 2023The cryptocurrency market is fast-paced and ever-changing. With new projects launching, regulations shifting, and prices fluctuating daily, it’s essential for crypto investors to stay up-to-date on the latest developments. However, the sheer amount of crypto news sites and platforms makes it difficult to identify trustworthy sources. How can you discern quality crypto journalism from hype,…
Top 5 Best Memecoins in 2023It’s the year 2023, and the meme culture got more popular than anytime. Every industry started to use memes for marketing or purely for fun. The crypto space is not an exception of the rule. Internet memes turning into crypto tokens is something normal in 2023, but it wasn’t always like this. Let’s see how…
Momentum Trading in Cryptocurrencies: Riding the Price Trends to Profit in 2023In the ever-evolving world of cryptocurrencies, momentum trading has emerged as a prominent strategy for savvy investors seeking to capitalize on price trends. With the volatile nature of digital assets, momentum trading entails identifying and riding the wave of price movements, aiming to secure profits in both bullish and bearish markets. This article delves into…
Australian crypto exchange launches learning schemeThere has barely been a day over the past year or so when crypto has been out of the news in Australia. It all began with the sudden collapse of FTX, which led to widespread concern among Australia’s banks and governing bodies, with crypto transactions facing extra controls and restrictions. More recently, we’ve seen a…