DeFI News by Thebittimes.Com

As he continues to warn of an up coming crisis to sweep the United States and the world, popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has highlighted that the “everything” crash was coming , including that of Bitcoin (BTC). Specifically, he was referring to the words of fellow writer and finance editor Harry Dent, who earlier this year said in an interview with Kitco News ’ Michelle Makori that the “everything bubble” could burst in 2024, including Bitcoin, which he said could break down below $40,000. Robert Kiyosaki’s strategy According to Kiyosaki, Dent “also predicts Bitcoin will drop back to $200 a coin,” in which case the ‘Rich Dad Poor Dad’ author vowed to “buy as many coins as I can,” referring to the flagship decentralized finance (DeFi) asset as the “people’s money,” according to his X post on April 2. Picks for you Buy signal for 2 oversold cryptocurrencies this week 15 hours ago Claude Opu...

Shiba Memu brings AI to the meme sector, giving it the potential to become sustainable. Investors have bought over $3.4 million of Shiba Memu as investor interest returns on Shiba Inu. Shiba Memu could benefit from AI and meme mania to follow the price trends of her peers. Meme cryptocurrencies are an exciting asset class. The interest emanates from the ability to return by triple or more digit percentages in a short period. Shiba Inu, one of the leading meme cryptocurrencies, has been under increased whale buying lately. Conversely, Shiba Memu (SHMU), a meme token on  presale , has been riding the meme mania. Investors have bought over $3.4 million, banking on the prospects of a disruptive AI meme project.  Does Shiba Inu buying suggest a rally is coming? Shiba Inu’s transaction value crossed the $47 million mark on September 21. The intense buying has coincided with the stabilisation of Shiba Inu’s price above $0.000007. Althou...

Analysts are speculating that the Bitcoin hash rate has seen a big spike recently as miners come back online to reap the rewards of the BTC price hike. Bitcoin's (BTC) hash rate spiked to all-time highs of 398 exahash on March 23, and analysts have been speculating miners are starting to turn their rigs back on as the Bitcoin price rises. According to data aggregator YCharts the Bitcoin network hash rate has dropped to 344.63 as of March 27, an increase from 335.32 on March 26 but it is still up from 178.77 one year ago. In a March 26 post, Sam Wouters, a research analyst at Bitcoin (BTC) financial service provider River Financial, speculated the spike in hash rate is connected to unused mining inventory coming online, new facilities going live, and entrepreneurs finding cheap sources of mining. Bitcoin's hashrate touched 400 Exahash. At the current growth rate in 2023, we'd reach a Zettahash by the end of 2025. I'm getting questions and concerns from people. Where i...

Paris Blockchain Week founder Michael Amar believes large Web2 companies entering the Web3 space bring resources capable of increasing mass adoption. Paris Blockchain Week (PBW), an annual gathering of professionals within the blockchain industry, has kicked off its fourth edition, with industry leaders and entrepreneurs from across the world gathering to discuss the latest trends and developments impacting the digital asset space. In an exclusive interview with Cointelegraph, Michael Amar, the founder and chairman of Paris Blockchain Week, shared that the original vision for the Conference was to put Europe on the map, as it was previously “nowhere on the map for blockchain.” Cointelegraph's Joe Hall with Michael Amar. Founded in 2019, PBW was created with the vision of bringing together professionals within the industry to advance blockchain awareness and adoption. According to Amar, the aim of the conference was to progress the industry as a whole, addressing topics like regu...

Shiba Inu, the Ethereum-based ERC-20 Shiba Inu inspired token that powers the Shiba Inu ecosystem, was last trading around the $0.000009 level and within recent ranges on Friday, with cryptocurrency markets in wait-and-see mode ahead of the release of key US jobs data. The SHIB token is about 13% up versus the multi-month lows it printed just above $0.000008 in late November, having been bolstered by a broad recovery in the cryptocurrency market, though sentiment remains fragile in wake of last month’s abrupt collapse of the FTX exchange. SHIB/USD is up about 13% from recent lows. Source: TradingView SHIB Sees Over $100 Million in Trading Volume in 24 Hours According to CoinGecko, SHIB has seen trading volume across major cryptocurrency exchanges of over $125 million in the past 24 hours. That’s impressive, but, according to TradingView data sourced from Coinbase, doesn’t represent much of a deviation from the volume profile that SHIB has seen in re...