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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...

ADA Marks a Fresh 90-day High as It Exhibits Total Bullish Divergence


Cardano hits a fresh 90-day high as it mounts at $0.0574 on Kraken. This impressive movement of the ADA coin projects towards having bullish days ahead. The ongoing month has turned out to be quite beneficial for the global crypto market investors as Bitcoin, and all the major altcoins have...

Decentralized Finance Is Blossoming, But Just How Decentralized Is Defi?


The defi market has hit an all-time high as the total value locked up in decentralized finance has surged past $850 million. A flurry of new applications, privacy proposals, wallets, DEXs, and protocols is extending the limits of what defi is capable of. This jubilation should be countered with...

Everybody’s Staking But Who’s Using Proof of Stake Blockchains?


The primary use case for staking blockchains is staking. That is their raison d’être, and thousands of cryptocurrency holders have utilized this provision to increase their holdings by earning staking rewards. As the total amount of staked tokens trends towards 80% for some blockchains...

How Close Are We to Hyperbitcoinization – Total Bitcoin Dominance?


Experts believe that bitcoin still has a long way to go before it gains mainstream global acceptance – but believe that the token could become a global mainstay, and even eclipse the dollar by 2030. Industry insiders call the phenomenon “hyperbitcoinization” – the widespread, global adoption...

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb


The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...

Japan Now Has 21 Approved Crypto Exchanges


Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so...

Crisis Fears Rise as Global Debt Hits a Record $250 Trillion


The world’s total liabilities continue to grow rapidly as a new report reveals global debt is now over a record $250 trillion. For many investors and market watchers this raises the specter of another potential major economic crisis triggered by a collapse of the global financial system....

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