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Defi Market Surpasses $1 Billion – But There’s a Catch


The total value locked (TVL) in decentralized finance applications has surpassed $1 billion, prompting celebrations from the Ethereum community. Not everyone has been swift to toast the milestone, however, with suggestions that the true value locked into defi protocols is materially lower....

Major DeFi Milestone: Total Value Locked Hit USD 1 Billion


We have been reporting for a while now about the massive growth the DeFi (decentralized finance) ecosystem is experiencing, and today, the Cryptoverse saw another major milestone reached - total value locked in DeFi surpassed USD 1 billion, before dropping below this threshold again. The total...

1.5 Billion People Might Have CBDC in Their Wallets in 3 Years


Source: iStock/Asia-Pacific Images Studio Around 7 undisclosed central banks, representing 20% of the world’s population, are likely to launch central bank digital currencies (CBDCs) in 3 years, a new survey by the Bank for International Settlements (BIS), showed. While these banks remain...

Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading


January 14 was the best trading day of the year for many cryptocurrencies, which saw double or even triple-digit percentage gains. It was also a good day for futures markets, where more than $25 billion in trades was placed on Tuesday. The result constituted the busiest day for futures in almost...

Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly


On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...

Market Outlook: Bullish Trend Sends Crypto Prices Northwards


Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%. Also read:...

China Issues Digital Currency Guide for Party Cadres


Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in...

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