DeFI News by Thebittimes.Com

Vitalik Buterin shares an updated 2024 roadmap, citing the significant developments of the blockchain. Ethereum Founder highlights the role of SSF in the post-Merge PoS improvement. Scourge is redesigned to focus on fighting economic centralization in PoS in general. Vitalik Buterin, the Founder of Ethereum Blockchain, recently shared an updated 2024 roadmap via a series of X posts, sharing insights on the development of the blockchain. Asserting that the updated version has “relatively few changes” from the previous year’s roadmap, Buterin cited the six core priorities, including the merge, the surge, the scourge, the verge, the purge, and the splurge. Beginning with the merge, Buterin highlighted the significance of the single slot finality (SSF), positing that its role in the post-merge PoS improvement is “solidifying.” He added, “It’s becoming clear that SSF is the easiest path to resolving a lot of the Ethereum PoS design’s current weaknesses....

The holiday season is quickly coming to a close, with the end of 2023 just around the corner. Amid the business of the holidays, the potential for last-minute shopping is always at its highest. Now, we answer whether or not Home Depot is open and fully operational on New Year’s Day. Home Dept is undoubtedly among the most popular and often visited home improvement stores in the United States. Indeed, the chain Features more than 2,000 locations across America. Subsequently, its vast footprint makes it one of the most accessible of its kind. However, the holidays are always a confusing time for shopping. Although some stores are open, needing home improvement tools makes Home Depot one of the few options. With those two factors working against each other, it is important to know Home Depot’s hours on New Year’s Day, and if they are operational at all. Also Read: Does Home Depot Take Apple Pay? Is Home Depot Open on New Year’s Day? Source: Reuters For...

The Fib extension showed that XRP may rise to $0.75 as a first target. Should the 12 EMA flip the 26 EMA, XRP’s momentum may turn bullish. XRP’s potential to reach $1 may not happen in a few weeks but it remains feasible in 2024. Although the numerous $1 price predictions that Ripple (XRP) may not have come to pass, the token might be getting set for a big move. Between December 18 and 26, XRP formed an ascending channel per the 4-hour chart. During that time, the cryptocurrency breached the $0.61 and $0.62 resistance before touching $0.64. At the time of writing, XRP’s price had decreased to $0.62, as shown by the TradingView chart below.  However, the decline does not imply that the token will continue to hover around the $0.60 region in the coming week. Coin Editon then checked out the Auto-Fibonacci extension. Entries Are Around $0.62 As of this writing, the 0.382 Fib level was at $0.62. This indicates that the $0.62 region could be a good...

The modern global economic landscape is undoubtedly as vast and expansive as it has ever been. Therefore, for individuals who travel internationally, knowing what currency is accepted in which countries is vital. For this guide, we will explore whether Switzerland uses the Euro and the rather interesting relationship between the two. Data shows that Switzerland attracted more than 3 million tourists per year in 2020, down from 11 million in each of the three years before that. Moreover, the Euro has established itself as one of the premiere currencies on a global level. Subsequently, travelers to European countries and even prospective citizens should be vigilant about knowing what currency they need for everyday transactions. Although Switzerland ’s status as a European country leads many to believe that it accepts the Euro, it is a little more complicated than that. Indeed, the country and the currency have a rather interesting relationship. Therefore, without further ado, l...

Today’s investors face many options beyond stocks and bonds, with crypto vs. traditional finance becoming an increasingly common discourse. Both public and private players are constantly searching for opportunities to deploy capital into investment vehicles that yield substantial returns while posing minimal risk. However, the nature of risk appetite has evolved in the last decade with the emergence of a new asset class accessible from anywhere in the world. Before committing resources to any industry, whether it’s decentralized finance (defi) or traditional markets, invest ors need to understand what separates the two. This article explores crypto vs. traditional finance : the differences, similarities, and whether now is a good time to get into them. Сryptocurrency or traditional finance In the debate of cryptocurrency vs. traditional finance, the key differences lie in their operational models and accessibility. Traditional finance (tradfi) relies on centralized entitie...

Remittances-focused crypto project Telcoin (TEL) is offering an update after a cybersecurity breach that resulted in the loss of funds. The remittances crypto project says that it is “aware of the situation with the Telcoin App” and has consequently “frozen use of the app.” According to cybersecurity firm PeckShield, Telcoin suffered an exploit that resulted in the loss of crypto assets worth approximately $1.3 million. Source: PeckShield/X Telcoin is trading at $0.00168 at time of writing, down by 37% over the past 24 hours. On the next course of action for the affected wallets, the remittances-focused crypto project says, “We’ve identified the root cause, which was not an issue with the Telcoin Wallet code itself, but with the proxy implementation of the wallet on Polygon – primarily impacting wallets that have never initiated transactions. We have deployed a fix to stop further exploitation. We plan to restore all wallets to their previous balan...

Crypto analyst Lark Davis shares his top five altcoin picks for the anticipated bull market.  Davis identifies BEAM, JOE, LINK, DOT, and ILV as his top picks.  JOE, BEAM, and DOT recorded significant price upticks in the past 30 days. In a recent interview with crypto YouTuber Tony Edwards, renowned cryptocurrency analyst Lark Davis listed his top five altcoin picks for the anticipated 2024 bull market.  Davis mentioned BEAM, JOE, LINK, DOT, and ILV as the top five altcoins he is bullish on going into the new year. Davis highlighted that the tokens have the potential to see upward surges based on a number of catalytic drivers. JOE (JOE)  JOE is one of the tokens that benefited from the broader crypto market’s bullish momentum in December. In the past 30 days, the token has added 77.18% to its price, CoinMarketCap data shows. Furthermore, the token, which is the native of the decentralized exchange platform Trader Joe, has increased...

Shiba Inu, the popular meme-inspired cryptocurrency, has seen a slight dip to start the week but shows signs of a potentially significant price surge in the coming weeks based on key technical indicators. After surging over the past week, Shiba Inu experienced a small pullback on Monday, declining around 3% to a low of $0.00001023, according to CoinMarketCap data. However, zooming out, Shiba Inu still retains most of the substantial gains made during the last 30 days. Crucially, while the price may have dipped slightly today, Analysis of key technical indicators suggests Shiba Inu has ample room to continue its upward trajectory in the short term. Also read: How Much SHIB Do You Need to Become a Millionaire if it Hits $2? Relative Strength Index in “neutral” zone The relative strength index (RSI), a momentum indicator used to gauge whether an asset is overbought or oversold, currently sits in the middle “neutral” zone for Shiba Inu based on market da...

In an unexpected twist, the once-dominant Mt. Gox cryptocurrency exchange, which fell victim to a severe hack in 2014, appears to be initiating the repayment process for customers who lost a substantial 850,000 Bitcoin (BTC), currently valued at approximately $36 billion. Almost a decade after the infamous breach, reports are surfacing from members of the r/mtgoxinsolvency subreddit group, asserting that they have received payouts in Japanese Yen via PayPal. Despite these accounts, the developments remain unconfirmed, prompting cautious optimism within the cryptocurrency community. A Brief Overview of the Mt. Gox Hack Established in 2010, Mt. Gox stood as the world’s largest cryptocurrency exchange until it encountered a significant hack in 2014. This breach resulted in the loss of 850,000 bitcoins, a substantial portion of the exchange’s holdings at the time. Despite managing to recover around 20% of the stolen funds, the incident left a lasting impact on the cryptoc...

While many assets in the cryptocurrency market are currently experiencing gains, XRP (XRP) has started to forge ahead. It has surged by over 2.81% in the last 24 hours, showcasing a pump in price for Christmas. Ripple’s XRP token has displayed indications of gaining momentum, prompted by a surge in the funding rate in futures markets, signaling an increase in bullish speculation. This unexpected upswing has led to speculations that Ripple’s XRP might advance toward the psychologically significant $1 milestone in 2024. Factors that may contribute to the $1 aim According to a recent Analysis , XRP appears to have shaped what could potentially be the most substantial bull flag on the monthly chart, following its 2018 peak at $3.84. Despite facing hurdles such as a 2020 SEC lawsuit impeding price recovery, XRP’s overall performance has given rise to this noteworthy bullish pattern. XRP moving averages chart. Source: TradingView Cryptocurrency Bitcoin a...

The Japanese government has approved an amendment to the taxation of companies holding third-party-issued cryptocurrencies in its fiscal 2024 tax reform plan. According to local news sources, the alteration to the taxation of firms holding third-party-issued crypto currencies means that such companies will no longer be subjected to the year-end mark-to-market valuation tax. The Japanese Cabinet meeting approved the tax reform outline for fiscal year 2024. Companies holding crypto assets will no longer need to levy market value tax, and will only be taxed on profits generated by the sale of cryptocurrencies by relevant companies.… — Wu Blockchain (@WuBlockchain) December 24, 2023 Before this amendment, corporations holding third-party-issued crypto currencies were required to record profits or losses based on the disparity between market value and book value at the end of the fiscal year. Under the new reform , assets assumed to be held continuously will be exempted from th...

Dec 23, 2023 at 10:19 // Price Author Coin Idol Shiba Inu (SHIB) prices have continued to rise after falling above the 21-day simple moving average on December 18. Price Analysis by Coinidol.com. Long-term forecast for the Shiba Inu price: bullish Shiba Inu has bounced back above the 21-day SMA support as it begins its uptrend. Since October 18, the price of the cryptocurrency has made a series of higher highs and higher lows. SHIB rose to a high of $0.00001172 on December 16, but then fell above the 21-day SMA. At this time, SHIB/USD is trading at $0.00001...

BarnBridge DAO, founders to settle SEC charges for $1.7M over unregistered SMART Yield bonds. SEC alleges failure to register crypto asset securities, cites violation of securities laws. Gurbir Grewal emphasizes blockchain compliance, highlighting the universal application of securities laws. Decentralized finance (DeFi) protocol BarnBridge DAO and its founders, Tyler Ward and Troy Murray, are set to pay over $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC). The charges against BarnBridge were related to the failure to register the offer and sale of their structured crypto asset SEC urities known as SMART Yield bonds. The SEC alleged that the DAO and its founders marketed these bonds without proper registration, a violation of SEC urities laws. BarnBridge DAO’s $1.7M settlement BarnBridge DAO, a player in the evolving DeFi space, has agreed to a settlement exceeding $1.7 million with the SEC. The settlement incl...

Kaiko highlighted key events that shaped the crypto market in 2023. According to Kaiko, Bitcoin led the crypto rally for the year amid ETF hype. Binance started 2023 with 70% market share but closed with 43.8% amid legal setbacks. Kaiko, a financial data platform with analytics tools for cryptocurrency, has highlighted some of the significant events that shaped the crypto market in 2023. The Analysis platform made a series of posts on X (formerly Twitter), referencing those events and noting how they impacted the crypto market in the year. Kaiko Lists Factors According to Kaiko, Bitcoin led the crypto rally for the year amid ETF hype, with the best risk-adjusted returns relative to most traditional assets. There were rumors on many occasions that the U.S. Securities and Exchange Commission (SEC) was about to approve multiple spot Bitcoin ETF applications. The crypto market surged with every rumor, expectations increased, and Bitcoin led the rallies. K...

Ethereum Foundation Developers set tentative dates for a major upgrade to scale crypto’s biggest altcoin blockchain.  During a biweekly call, developers disclosed that Jan. 17 is a possible date for testing the Dencun upgrade on Goerli’s testnet. Dencun was delayed past Q4 2023 due to technical difficulties building its code. The upgrade, known as EIP-4844,  aims to increase blockchain space for data blobs and slash layer-2 rollup fees by activating proto-danksharding. This data storage expansion should scale Ethereum’s blockchain, enabling more transaction capacity without hiking gas fees. You might also like: Ethereum’s dominance to persist despite Solana’s investor appeal, Coinbase says Barring any disruption and assuming Dencun successfully tests on Goerli, devs plan to upgrade Sepolia’s testnet by Jan. 31 and Holesky’s network by Feb. 7. These forks represent the largest test chains on Ethereum.  The final soft target for shipping Dencun to the mainnet was se...

XRP price surges 1.17% on whale transactions, hitting $0.6168. Pullix’s PLX token presale raises $1M+, 58% sold, priced at $0.044. Pullix offers “Trade-to-Earn,” governance, and revenue-sharing. XRP price has surged considerably following massive whale transactions, while the presale of the upcoming online trading platform Pullix expected to launch in January 2024 quickly sells out. The presale is in the third stage and already 58% sold out raising over $1 million in a matter of weeks. Below is a closer look at Ripple’s XRP token especially now that whales are making significant transactions in anticipation of 2024 market dynamics. We shall also delve into the evolving narrative around Pullix’s innovative approach to online trading. XRP price surges amidst whale transfers XRP, a prominent cryptocurrency backed by Ripple, witnessed substantial price movements as 182.6 million XRP was shuffled across wallets. Notably, four trans...