CRYPTO NEWS: Latest BITCOIN News, DEFI News, BITCOIN CASH NEWS
Bitcoin hits 12-day high on stock market recovery
Bitcoin’s 3.5% Rise Leads To Its Highest Price Level In About 12 Days
Bitcoin regains some market dominance when it surpassed $ 10,700. Several alternatives followed this move, with Bitcoin Cash rallying 7% and overtaking BNB and LINK in 6th place.
Bitcoin Exchange Paxful Exits Venezuela Citing US Sanctions
Paxful said goodbye to its Venezuelan users
In a Twitter post, the Paxful team explained that the onerous rules do not come from Venezuela, but are linked to the Office of Foreign Assets Control, which is part of the US Treasury Department.
Over $ 1 Billion In Bitcoin Has Been Tokenized For DeFi
Nearly 100,000 bitcoins are now tokenized on Ethereum
According to DeFi Pulse, about 98,300 BTC worth $ 1.05 billion has been tokenized using protocols other than Blockstream’s Lightning Network, accounting for over 12% of the DeFi sector’s combined $ 8.57 billion capitalization.
100,000 bitcoins tokenized on Ethereum
Closer to annual highs, interest in DeFi integration grows
The Binance DeFi integration is causing a surge in network activity, sparking interest in Binance Coin.
DeFi’s recent integration into Binance’s smart chain has resulted in an increase in transactions and activity from projects such as BakerySwap, BurgerSwap, and Cream Finance. According to Binance Smart Chain data, BurgerSwap attracted up to $ 400 million in bet volume in just 24 hours. According to BscScan, daily transaction activity has also increased.
Swisscom Blockchain Receives Polkadot Development Grant From Web3 Foundation
Swisscom Blockchain was awarded a development grant to further develop Polkadot from the Web3 Foundation.
The Web3 Foundation oversees the development of the Polkadot ecosystem. On September 10, it was announced that the foundation had provided an undisclosed grant to develop the distributed ledger division of telecommunications giant Swisscom.
Iran’s crypto-mines can be used to finance car imports
The private sector is dissatisfied with the country’s local paper money.
According to ArzDigital, Golam Hossein Mozaffari, CEO of the Kish Free Zone Organization, hopes that the Iranian government will approve a proposal to use cryptocurrency funds such as Bitcoin to pay for car imports on Kish Island in Iran.
The decision will be made by the Central Bank of Iran, which has stated in the past that this type of financing will not be possible due to the hyperinflation of the rial, the national currency.
MicroStrategy says it can increase its bitcoin holdings up to $ 250 million for each new application.
MicroStrategy made a splash by dividing some of its strategic capital into bitcoin.
MicroStrategy previously indicated that it views bitcoin and other alternative investments as a means of preventing inflation, noting that “it makes sense to move our Treasury assets into some investment that cannot be inflated or less likely to be inflated.”
Set Labs Teams Up With DeFi Pulse To Launch One-Click Exposure Index
Set Labs has launched a new decentralized financial index product in partnership with DeFi Pulse.
The DeFi Pulse Index will allow users to invest in ten popular DeFi tokens available on Ethereum, including LEND, YFI, COMP and SNX. Instead of manually purchasing these DeFi assets on different exchanges, users only need to pay the Ethereum network fee once to buy and sell the index.
Set Labs teamed up with DeFi Pulse
DeFi Pulse Index Rises To $ 640 Million
The new DeFi index token from dat a provider DeFi Pulse and Set Protocol has been popular since its launch.
The DeFi Pulse Index, or DPI, was compiled in collaboration with Set Protocol, which provides TokenSets to expand reach and build a balanced portfolio.
Set Protocol co-founder and CEO, Felix Fen, noticed that the DPI Uniswap liquidity pool worked very well in the early hours of trading.
Curve, Aave, Synthetix and 7 more members join the Global DeFi Alliance
Huobi’s Global DeFi Alliance has announced 10 new members.
The Huobi decentralized finance consortium, dubbed the Global DeFi Alliance, admitted 10 new members, bringing the total membership to 15.
New entrants include DeFi heavyweights Curve Finance, Aave, Synthetix, Balancer, Loopring, Zapper, Zerion, Bitpie, Mykey, and CoinGecko.