Through RippleNet Cloud, cross-line exchanges into India made through LuLu Exchange’s 76 branches in the UAE, and the LuLu Money portable installments application are quicker and more dependable. At 3.5 million, the United Arab Emirates is home to the most significant populace of Indian travelers worldwide, making the UAE the top wellspring of settlements for India. […]
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DeFi Yield Protocol is Turning Heads in 2021: A Look into New Developments
Decentralized finance is the latest booming development in the cryptocurrency space, with DEXes snowballing. DeFi Yield Protocol (DYP) is a unique protocol that allows any user to provide liquidity, get ETH as returns while maintaining the token price. Unlike some DeFi user interfaces, the DYP interface is quite simple and can accommodate both new and […]
Top 3 reasons why bitcoin Cryptocurrency Prices are on the rise.
Top 3 reasons why bitcoin Cryptocurrency Prices are on the rise Photo by André François McKenzie on Unsplash Cryptocurrencies, especially Bitcoin, are now being considered as safe-haven assets against market volatility and inflation. The current societal and economic climate also brings about a situation for people to hold less cash and stay hedged against market swings. The cryptocurrency […]
What is Happening on Ethereum?
Ethereum 2.0 is coming out of the horizon. Can they solve scalability and gas fee issues? Ethereum 2.0 was an improvement proposal to solve issues on Ethereum. These issues include scalability and gas fees. When they struck, most applications resorted to other platforms for scaling solutions and to save from gas fees. Here are the details […]
Kraken Daily Market Report for February 27 2021
Overview Total spot trading volume at $1.43 billion, down from the 30-day average of $2.1 billion. Total futures notional at $388.7 million. The top five traded coins were, respectively, Bitcoin, Cardano, Ethereum, Tether, and Polkadot. Strong returns from Cardano (+12%), Algorand (+12%), and Polkadot (+11%). February 27, 2021 $1.43B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD XBT $47003. ↑1.4% $445.1M ADA $1.3931 ↑12% $387.5M ETH $1475.3 ↑2.1% $222.3M USDT $1.0003 ↑0.02% $131.7M DOT $34.820 ↑11% $103.0M USDC $0.9999 ↑0.0% $26.8M LINK $26.326 ↑4.6% $23.4M […]
Kraken Daily Market Report for February 26 2021
Overview Total spot trading volume at $2.35 billion, 12% higher than the 30-day average of $2.1 billion. Total futures notional at $751.3 million. The top five traded coins were, respectively, Bitcoin, Ethereum, Cardano, Tether, and Polkadot. Modest returns from Monero (+4.7%), Cardano (+3.0%), and Tezos (+1.9%). February 26, 2021 $2.35B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD XBT $46238. ↓1.7% $919.1M ETH $1466.7 ↓1.2% $342.5M ADA $1.1066 ↑3.0% $312.7M USDT $1.0002 ↑0.02% $261.5M DOT $30.208 ↓2.9% $117.0M USDC $1.0002 ↑0.0% $47.4M […]
Data shows miners are “accumulating” as Bitcoin falls to $44,000
Bitcoin markets saw a drastic correction over the last week which carried over to the weekend. But data shows miners are buying. Miners buying Data on Glassnode showed miners sold hundreds of thousands of Bitcoin in the period from the last week of December until last week. The “Miner Net Position Change,” a tool that […]
Latest Ethereum DeFi exploit sees $14 million stolen from ‘Furucombo’
DeFi exploits and attacks have become increasingly commonplace as the space evolves and attracts both money and participants. The latest of these attacks took place earlier today and saw over $14 million worth of stolen crypto. Furucombo attacked Furucombo, an Ethereum-based transaction “batching” protocol, said this morning that the platform had been exploited and asked […]
China: Private banks to help with the rollout of booming digital yuan
The nation is leading in the development of a state-backed digital currency and banks are joining that cause. China’s private banks step up Some Chinese private banks are joining in on the nation’s rollout of its upcoming digital currency, as per local reports. Officially the “Digital Currency, Electronic Payment” (DCEP), the so-termed digital yuan is […]
Cardano’s Babel fees mechanism allow users to pay transaction fees in native tokens
Once the Mary Hard Fork is implemented, users on Cardano will be able to pay transaction fees in native tokens, essentially requiring no ADA to utilize the blockchain. And while this might seem like a huge technical conundrum, IOHK’s engineers have actually come up with a rather simple, free-market-oriented solution. Cardano’s Extended UTXO makes native […]