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    Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

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    Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

    crypto basset hound

    Merkle Science, a predictive crypto risk and intelligence platform, announced it has now extended support to over 1,2000 ERC-20 tokens. This additional coverage allows users to have better visibility over a substantial portion of the DeFi space, allowing them to monitor flows of funds across some of the most popular DeFi tokens and stablecoins. Some […]

    The post Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens appeared first on CryptoNinjas.

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    Eightcap: Globally Regulated Crypto Derivatives Broker

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    Eightcap: Globally Regulated Crypto Derivatives Broker

    The cryptocurrency derivatives market has become more popular than ever as traders find it more exciting and profitable than spot trading. However, with the regulatory status of the crypto industry still in murky waters, several crypto derivatives exchanges available in the market are not properly licensed to provide such services to their traders. Eightcap aims […]

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    Pantera Predicts Correlation Between Bitcoin And Traditional Markets Might Break This Spring

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    Pantera Predicts Correlation Between Bitcoin And Traditional Markets Might Break This Spring

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    In a recent call with investors, executives from the crypto hedge fund Pantera Capital said they believe DeFi assets such as Ethereum could soon break out of their current correlation to traditional macro markets. The market has seen increasing similarities between these two spaces recently. But there’s no guarantee it will continue or even last for very long at all, given how quickly things change in this industry. Pantera Capital believes the crypto market will be able to “decouple” traditional macro assets even when interest rates go up. In the interview on February 1,  CEO Dan Morehead and co-chief investment officer Joey Krug both said they believe this transition is happening now. Institutional investors are entering the space, leading them away from stocks or bonds into cryptocurrencies like Bitcoin and other related technologies like the blockchain 2030 panel discussion. Related Reading | Top 5 Watershed Moments In BTC On-Chain Analysis’ History. Is Your Favorite In? Pantera Capital Management shared the details from their recent call with investing public on Wednesday this week in a new Blockchain Letter. Crypto is starting to break from its traditional correlation with macro assets. According to Krug, history has shown that when the former goes down for 70 days before decoupling and trade on its own again over weeks – as we expect soon enough!– crypto’s becoming more resilient by leaps and bounds. Krug explained; It doesn’t guarantee that it won’t go down a lot more next month or whenever, but it just means the odds are high that the markets are at an extreme and will bounce back relatively quickly. Pantera Capital Predictions Proved In the Past Since February 2021, when BTC traded at around USD 47 thousand after correcting 20% in a week, Krug predicted that “a bitcoin rally might be back by April if not sooner.” The price then increased to over $63,000 before starting intense downturns, bringing its sizes below $30,000. Krug said that he does not think the prices for many digital assets are too high right now, with some DeFi tokens trading at P/E multiples ranging from 10-40. They have moderate value; tech stocks go up to 500x turnover rates. This time around, he further explained why investors shouldn’t worry about over-investing in cryptocurrency or finance. Despite recent crashes caused by several governments imposing restrictions on bank transactions involving Bitcoin (BTC). Related Reading | Bitcoin Dives To $40K, What Could Trigger More Downsides P/E (price-to-earnings) ratio is a standard tool used to value stocks and can be found by dividing the market value per share (or token) of an individual company’s portfolio by its annual earnings. Krug added; It’s my personal view that USD 2,200 ETH was likely the bottom. Pantera CEO says you need to consider the cash flow when discounting an asset’s value, which means lower prices if yield rates are higher. Analysts Reviews Crypto is not just a thing of value; it’s also an investment. Just as with gold, many factors determine its price and worth. Volatility is one such factor, supply vs. demand within different markets worldwide. As a result, the element can impact how much people want to buy or sell at any given moment in time. The Pantera CEO said; It can behave in a very different way from interest-rate-oriented products. I think when all’s said and done, investors will be given a choice. They have to invest in something, and if rates are rising, blockchain is going to be the most relatively attractive. With tensions rising throughout Europe and Asia, it is expected that inflation will be at an all-time high in 2022. This could give bitcoin (BTC) a valuable hedge against volatility. In addition, provide stability for other digital assets like ethereum or Litecoin during their respective peaks next year. Bitcoin “remains hesitant,” according to an analyst at GlobalBlock. The bitcoin price has been trading lower recently and did not participate in the futures’ recent rally. However, they are still selling off more than usual compared with spot prices which have dipped even further down over this last week or so. Marcus Sotiriou, a GlobalBlock analyst, added; This suggests that this price rise was driven by speculation or hedging rather than genuine demand.  

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    Buyer Beware: Crypto Scammers Raked In $14 Billion In 2021

    2020

    Buyer Beware: Crypto Scammers Raked In $14 Billion In 2021

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    According to blockchain research firm Chainalysis, scam involving crypto reached an all-time high of $14 billion last year, a record that comes as regulators demand for more power over the fast-growing sector. Growing Interest In Crypto Fueled Most Scams Cryptocurrency crime set a new high in 2021, according to a recent analysis, with scammers stealing $14 billion worth of cryptocurrency. According to the “2022 Crypto Crime Report” released by blockchain data firm Chainalysis on Thursday, Jan. 6, that’s nearly double the $7.8 billion stolen by fraudsters in 2020. The findings come amid heated debates over how to regulate cryptocurrency, with regulators keen to protect the growing class of small investors who are flocking to digital currencies. With the recent surge in cryptocurrency interest, it’s no surprise that “Olympic-level scammers” have seen new chances for illegal conduct, according to William E. Quigley, a notable investor and co-founder of the WAX blockchain. Quigley stated during a panel discussion held by blockchain firm Light Node Media last month that the high-tech aspect of crypto will continue to attract clever crooks. Consider the recent “Squid Game” scam, in which investors claim that a new SQUID cryptocurrency token and associated immersive online game were nothing more than a con. According to investors, the creators vanished when the currency’s value soared and they seemed to pay out with more than $3 million. “By absolute numbers, crime is still growing but the ecosystem is becoming safer. Of course, there [are] a lot of caveats to that,” said Kim Grauer, Chainalysis’ director of research. Related article | Knowledge is Power: How To Stay Protected From Crypto Scams Newcomers have been lured in by the promise of quick returns claimed by crypto proponents, as well as the notion that bitcoin may be used to hedge against rising inflation. Despite this, cryptocurrencies are still subject to inconsistent regulation, leaving investors vulnerable to fraud. The majority of criminal earnings has always come from financial scams, according to the firm’s findings during the last five years. However, as bitcoin has grown at a breakneck pace, overall economic activity across all blockchains has increased from $2.3 trillion to $15.8 trillion, diminishing the importance of criminal activities. BTC/USD continues to nosedive. Source: TradingView DeFi Transactions Had A Lot Of Scam According to Chainalysis data, DeFi transactions increased by 912% in 2021. Decentralized tokens like shiba inu have had impressive gains, which has fueled a feeding frenzy among DeFi tokens. When it comes to dealing in this immature crypto economy, however, there are a number of red signs. According to Kim Grauer, Chainalysis’ head of research, one issue with DeFi is that many of the new protocols being introduced have coding weaknesses that hackers can exploit. In 2021, these code exploits were used in 21% of all hacking attempts. Related Article | Dangers of DeFi Hype Surface Following One-Hour Crypto Scam In 2021, criminals stole $3.2 billion in cryptocurrencies, with DeFi protocol hacks or exploits accounting for 72%. SEC Chair Gary Gensler told Yahoo Finance in October that DeFi “will end badly” unless investor protections are strengthened. The Commodities and Futures Trading Commission fined DeFi protocol Poly Market $1.4 million earlier this week for operating a “unregistered binary options market,” and ordered the protocol to “wind down” its operations. Featured image from Unsplash, Charts from TradingView.com

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    Valkyrie announces $100 million DeFi fund across blockchains like Avalanche and Solana

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    Valkyrie announces $100 million DeFi fund across blockchains like Avalanche and Solana

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    Valkyrie Investments has announced a $100 million DeFi fund designed to cater to institutional investors and offer them exposure to the growing industry of decentralized finance – or ‘DeFi’ in crypto circles.

    The post Valkyrie announces $100 million DeFi fund across blockchains like Avalanche and Solana appeared first on CryptoSlate.

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    Weekend Roundup: Core DeFi Metrics August 22nd

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    Weekend Roundup: Core DeFi Metrics August 22nd

    The decentralized finance (DeFi) ecosystem has had a mixed reaction to the recent upheavals in price trend in the global cryptocurrency industry of late. Amidst the bull and bear actions, DeFi tokens have held strong to their fundamentals, a move that has prevented strong selloffs even amongst the top coins by market capitalization. DeFi Total

    The post Weekend Roundup: Core DeFi Metrics August 22nd appeared first on Coingape.

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    DeFi Tokens Pares Off Gains As Crypto Market Inks a Broad Retracement

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    DeFi Tokens Pares Off Gains As Crypto Market Inks a Broad Retracement

    The steam that was gathered in the broad cryptocurrency ecosystem over the weekend appears to be cooling off with a wide price retracement currently manifesting. While Bitcoin (BTC) is waging a volatility war to maintain balance at the $43,000 support level, the hoard of Decentralized Finance (DeFi) tokens are gradually slipping off their weekly highs.

    The post DeFi Tokens Pares Off Gains As Crypto Market Inks a Broad Retracement appeared first on Coingape.

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    Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector

    2021

    Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector

    Software development studio Uniswap Labs (UL) announced the restriction of certain tokens via the app.uniswap.org domain. The company claims to be taking part in “creating a better” financial system and has taken the decision after reviewing the regulatory landscape and the actions of other “DeFi interfaces”. The token removed from the domain represented a “very small portion of overall” trading volume on the platform, UL claims. Amongst the restricted tokens is Gold Tether (XAUt), Grump Cat (GRUMPY), iAAVE, iADA, iBNB, sAPPL, sCOIN, and many more related to options, tokenized stocks, and securities from traditional companies. The software studio clarified that the Uniswap Protocol is a separate entity from the interface accessible via the app.uniswap.org domain. (…) It provides unrestricted access to anyone with an Internet connection. Similarly, this action has no impact on the Uniswap Interface code, which remains open source, or the many other portals or locally run instances used to access the Uniswap Protocol. The same clarification was made by Hayden Adams, inventor of the protocol, via his Twitter account. After receiving a lot of criticism for their decision, Adams reminded his followers about the difference between Uniswap Interface, the open-source GPL code, app.uniswap.org, the domain, and Uniswap the protocol. Later, he added that true decentralization “doesn’t mean UL lets you do whatever you want on its website”, but that users can access the protocol via other interfaces. He added: (In my opinion) the Uniswap Protocol remains the most decentralized of the top defi protocols by a wide margin. Why: Non-upgradable and permissionless smart contracts, w/ no admin keys or ability for UNI holders to steal underlying liquidity. Is Uniswap Labs Trying To Prevent A Government Crackdown? Of course, Adam’s statements caused different reactions across the crypto community. Stanislav Kulechov, a founder of decentralized protocol Aave, said that “DeFi front-ends should” be hosted on the InterPlanetary File System (IPFS). In that way, the protocols can be “less dependent on the founding team” and maintain their decentralization. Kulechov also proposed a Bring-Your-Own-Front-End (BYOF) solution that would allow users to download the software into a device to access the protocol. Gabriel Shapiro, General Counselor at Delphi Labs, pointed out the possibility that anyone who forks the Uniswap front-end could receive a lawsuit from the software development studio UL. Shapiro said that the company “like DMCA (Digital Millennium Copyright Act) takedown requests”. In a different post, Shapiro addressed the rumors suggesting that UL and other DeFi projects received subpoenas from the Securities and Exchange Commission (SEC). A few days ago, Senator Elizabeth Warren send a letter to the SEC Chair, Gary Gensler. Warren requested clarity on regulations regarding cryptocurrencies, stablecoins, and DeFi with a deadline set for July 28th, 2021, for Gensler to replied. Many argued that UL decision could be related to that event and to the aforementioned subpoenas. Shapiro doesn’t completely rule out this possibility but claims that they only rumor to be taken with a grain of salt. At the time of writing, UNI and other major DeFi tokens haven’t reacted to these events. Uniswap’s governance token trades at $18,17 with a 4.1% in the daily chart.

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    DeFi News: DeFi Inflation-Adjusted TVL Skyrockets over 170% Despite Uniswap and AAVE Slips!

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    DeFi News: DeFi Inflation-Adjusted TVL Skyrockets over 170% Despite Uniswap and AAVE Slips!

    In the top DeFi news today, the adjusted total locked value (TVL) for decentralized finance (DeFi) applications soared to a one-month high as the top decentralized exchange, Uniswap (UNI) and AAVE, a crypto lending protocol, witnessed huge gains in the past week. TVL of DeFi Apps Crosses $33.5 Billion According to data from DApp Radar,

    The post DeFi News: DeFi Inflation-Adjusted TVL Skyrockets over 170% Despite Uniswap and AAVE Slips! appeared first on Coingape.

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    Derivatives Exchange GlobeDX Raises $18M in Seed Round Led by Blockchain VCs

    2021

    Derivatives Exchange GlobeDX Raises $18M in Seed Round Led by Blockchain VCs

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    [Press Release – London, England, 28th April, 2021,] GlobeDX (Globe Derivative Exchange) has completed an $18 million funding round led by major blockchain investors. Y Combinator, Pantera Capital, Draper Dragon, Republic Crypto, OKEx, CMT Digital, and Wave Financial all participated in the round to support the development of a best-in-class derivatives trading platform. As a […]

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