DeFI News by Thebittimes.Com

The crypto currency industry was seen turning over a new page in 2023. Cryptocurrency enthusiasts, however, seemed to be inclined toward one particular coin. Shiba Inu [SHIB], emerged from the bearish trap and lured several into its ecosystem. According to a recent Analysis by Nansen, Shiba Inu has been a popular asset among new crypto wallets. Throughout the last seven days, SHIB has been increasingly purchased by these entities. The asset was reportedly acquired by nearly 12,000 new wallets and these units witnessed SHIB inflows worth $56 million throughout the week. Shiba Inu was cited as the only non-stablecoin asset that showed up in the balances of these wallets. However, it should be noted that these may be pass-through wallets owned by seasoned crypto currency traders rather than being in the hands of new SHIB purchasers. Nevertheless, SHIB appeared in a lot more of these new addresses than other crypto currencies. Additionally, Shiba Inu is also the most traded cry...

Source: AdobeStock / ra2 studio Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Exchange news Coinbase said it is ending its operations in Japan. Per an announcement, “due to market conditions, our company has made the difficult decision to halt operations in Japan and to conduct a complete review of our business in the country.” Customers will have until February 16 to withdraw their fiat and crypto holdings. Investment news Digital Currency Group , the parent of the troubled crypto company Genesis Global , said it is suspending quarterly dividends to preserve cash, Bloomberg reported. The move comes as the group focuses on “strengthening our balance sheet by reducing operating expenses and preserving liquidity,” it said, citing a January 17 letter to shareholders. In order to survive crypto winter, crypto trading fi...

Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can now consider a variety of policy approaches and at the same time work to improve the existing monetary system in the public interest,” they advised. BIS Economists Discuss Crypto Policies The Bank of International Settlements (BIS) published a bulletin last week titled “Addressing the risks in crypto: laying out the options.” Authored by BIS economists Matteo Aquilina, Jon Frost, and Andreas Schrimpf, the report discusses the risks associated with cryptocurrencies and the various options available to regulators and central banks for addressing these risks. The authors outlined “three potential lines of action.” The first is to “ban specific crypto activities.” Another option is to “isolate crypto from tradfi [traditional finance] and ...

Ethereum went from $1,300 to $1,595 in less than a week and is attracting heavy bullish sentiments in the indices. The Altcoin breached its resistance levels of $1,500, briefly testing the $1,600 mark on Tuesday. The overall crypto market cap reclaimed the $1 trillion mark as Bitcoin saw an inflow of more than $70 billion. The inflows come from both retail and institutional investors as the ‘Fear & Greed Index‘ came out of ‘Fear’ for the first time in nine months. Also Read: Why Is the Crypto Market Up Today? Ethereum Price Prediction: ETH To Reach $1,800 Next? Source: Unsplash Ethereum price triggered a strong increase at the $1,450 level where it found resistance and got a breakthrough catapulting to $1,500. ETH cleared its resistance zone at $1,500 surpassing $1,550 on Tuesday after spiking nearly 5% within hours. However, ETH faced resistance near the $1,600 zone before briefly retracing in price during the day’s trade. Non ETH eless, ...

Dash 2 Trade (D2T), the closely followed crypto trading intelligence platform, is up 51% at $0.20 today as buyers snap up the token as product release rumors swirl. D2T listed on the Gate.io   LBank , Changelly Pro , BitMart and Uniswap exchanges last week after a successful presale that raised $15.42 million. The price bounced off strong support on Sunday 15th at the $0.13 level. Buyers are now hoovering up the token, partially on the back of the general recovery in crypto prices seen in the space, led by the rise of bitcoin. However, it is likely that project fundamentals are coming into play to guide buying decision making. Dash 2 Trade project fundamentals start to drive price action Dash 2 Trade, despite only listing last week, already has a beta of its dashboard in the hands of its growing community. Indeed, it was reported last week that there were 7,000 sign-ups to the open beta testing program. The beta showcases the presale section of the dashboard th...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction is currently consolidating and seems to be preparing for the next move above the resistance level of $21,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $20,869 Bitcoin market cap – $401.8 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $23,000, $25,000, $27,000 Support Levels: $19,000, $17,000, $15,000 BTC/USD is seen hovering at $20,869, with the current consolidation pattern, the king coin stays above the 9-day and 21-day moving averages. Though Bitcoin (BTC) begins the day off intending to trend higher, any further bullish movement toward the upper boundary of the channel could hit the nearest resistance level of $21,000. Meanwhile, any cross below the moving averages could ...

1. Ondo Finance launched a tokenized fund that allows stablecoin holders to invest in bonds and US Treasuries link Investors will receive tokenized fund interests, which are transferable on-chain, including through approved smart contracts. Ondo wants to create a compliant on-chain financial ecosystem supporting both permissioned and permissionless assets. 2. Cloud computing platform Amazon Web Services (AWS) to partner with Ava Labs link Ava Labs and Amazon Web Services (AWS) have joined forces to accelerate enterprise, institutional, and government adoption of blockchain. Ava Labs plans to add Subnet deployment as a managed service to the AWS Marketplace. The AWS-Avalanche cooperation makes it easier for more people to launch and manage nodes on Avalanche. 3. Solana’s weekly summary a. Mainnet beta Explorer and Solana Foundation Public RPC endpoints are currently offline as RPC node software is upgraded link Mainnet beta Explorer and Solana Foundation Public RPC endpoints are cu...