DeFI News by Thebittimes.Com

Shiba Inu (SHIB) has had a rough few years. The asset climbed to an all-time high of $0.00008616 on Oct. 28 of 2021. SHIB’s price has fallen by more than 86% since its 2021 peak. The project’s market cap has also taken a hit over the last few months. SHIB was once among the top 20 crypto projects by market cap. It is currently the 23rd largest crypto project. Shiba Inu’s Lackluster Performance Source: Watcher.Guru SHIB climbed to $0.000036 in March of 2024. It then faced a big price correction before climbing to $0.000032 in December of 2024. Since December, SHIB has struggled to reclaim the $0.00003 price level. One of the most significant reasons for SHIB’s lackluster performance could be the overarching bearish market environment. Bitcoin (BTC) has hit multiple all-time highs. A few assets, such as Solana (SOL), BNB, and Pepe (PEPE), have followed BTC’s trajectory to new peaks. SHIB, unfortunately, is not one of those assets. Another reason Shiba Inu (SH...

Popular cryptocurrency analyst Nicholas Merton — known as DataDash on YouTube — remains skeptical on Bitcoin’s near-term prospects despite optimism around the upcoming halving and potential approval of a Bitcoin ETF. In a YouTube video, Merton discussed his views on the future prospects of Bitcoin. He laid out three key reasons why he believes Bitcoin is unlikely to start a new bull market anytime soon. First, he addressed the anticipation surrounding an SEC-approved Bitcoin ETF. Contrary to popular belief, Merton suggests that it may not generate as much new demand as people expect. As evidence for his claim, he highlights the continued discount on the Grayscale Bitcoin Trust (GBTC). This suggests that institutional demand might remain subdued even if an ETF becomes available. You might also like: Analyst suggests The Fed could push Bitcoin to $20,000 Merton also brought up the impact of Bitcoin’s halving events and posits its influence is waning over ti...

A brand new eco friendly crypto called IMPT has now raised $11m for its platform, in the mission of redefining the market of carbon credits for the better.  Making carbon credits more transparent  The carbon credits markets are notoriously difficult to navigate and extremely opaque. This means that it is very difficult for them to be easily traded, which opens the door for large market inefficiencies.  Blockchain means that NFTs can be traded in a seamless manner 24/7, without relying on counterparties in order to facilitate the trades themselves, since smart contracts can do this.  Not only does this make the entire process more efficient, but it also means that it is more transparent.  When one shops through the IMPT shopping platform with ESG friendly brands (of which more than 25,000 have now onboarded via the IMPT affiliate programme), they are rewarded for cash back in IMPT tokens.  The level of cash back will vary from brand to...

Over the previous few days, the Bitcoin price has hardly budged from its $19,000 level, mostly maintaining a narrow range. On October 12, BTC barely made any moves and soared about 0.25% in the 24 hours.  Concern about a recession among investors is comparable to that voiced in 2020 when 75% of respondents expressed concern about a downturn at the height of the epidemic.  Even in the middle of a severe economic slump, a well-thought-out plan can considerably improve one's capacity to make sensible financial decisions. Advisor Authority Poll Signals Recession Fear  According to Nationwide's annual&nbsp ;Advisor Authority poll, released on Monday, investors and advisers are worried by the present macroeconomic situation. As a result, their optimism has plummeted considerably.  Investor confidence in the 12 months has dropped from 49% a year ago to 39%. Equally dismal, financial advisors' and experts' optimism is 48%, down 15% from 2021. While 54% o...