News - Page 11

Cardano (ADA) has emerged as the top blockchain in terms of development activity, according to analytics platform Santiment. Over a 30-day period, Cardano recorded 502.57 GitHub commits, surpassing other major cryptocurrencies. Polkadot (DOT) and Kusama (KSM) secured the second and third positions with 484.23 GitHub commits each. Hedera (HBAR) and Aptos (APT) followed closely behind with 353.67 and 338.77 GitHub commits, respectively. The mobile browser and messenger Status (SNT) and the blockchain oracle Chainlink (LINK) also made it to the top rankings with 335.87 and 330.63 GitHub commits. Ethereum, a leading cryptocurrency, secured the ninth spot with 287.67 GitHub commits. The derivatives trading-focused network Vega Protocol (VEGA) rounded off the list with 285.57 GitHub commits. Santiment's advanced methodology ensures that only significant GitHub commits are considered, excluding routine updates. The high development activity indicates the confidence of developers in the success of these projects and reduces the possibility of fraudulent schemes. Investors should conduct thorough research before engaging in high-risk investments.

The Aragon Association (AA), the organization behind Aragon (ANT), a decentralized governance platform on the Ethereum (ETH) blockchain, has announced its dissolution. As part of this process, the AA will deploy 86,343 ETH, equivalent to approximately $163 million, to offer Ethereum redemptions for ANT holders.

A closely followed crypto strategist believes that two altcoins may be gearing up for breakouts as digital asset markets continue to show strength.

Bitcoin's quadrennial halving event, expected in April 2024, is of particular importance for miners. During this event, block rewards for the industry will be cut in half.

The fixed vs floating swap market and the creation of a forward curve for the ETH staking rate have become significant in the financial industry. This market allows speculators to express their views on network demand, volatility, and macro events by gaining exposure to the future rate. Both OTC dealers and DeFi protocols play a crucial role in creating these marketplaces.

The asset management industry is a significant global sector, with a substantial portion of assets being held in passive strategies such as ETFs and index funds. In Europe alone, the industry manages €28.4 trillion of assets, with 20% allocated to passive vehicles. This includes approximately half in exchange traded products and the other half in index funds.

Lõhmus' plight highlights the danger for crypto users that their assets can be permanently lost should they not be able to remember the details needed to access their wallets.

Decentralized finance (DeFi) has gained significant popularity in recent years, offering individuals the opportunity to access financial services without the need for intermediaries. However, this growing trend towards complexity in DeFi has raised concerns about accessibility and usability.

A popular trader, known as Dave the Wave, who accurately predicted Bitcoin's crash in May 2021, has set a technical target for the top cryptocurrency to achieve in order to position itself for a massive rally in late 2024.

A widely followed crypto analyst has raised concerns about the potential impact of a US Federal Reserve interest rate cut on the Bitcoin market. In a recent video update, Benjamin Cowen, a prominent crypto trader, shared his analysis with his large YouTube following. Cowen points out that historical patterns indicate a downward trend for both the S&P 500 and Bitcoin following a Fed rate cut.

The amount of new token creation dropped during the third quarter to the lowest since at least the start of 2021, according to blockchain smart-contract auditor CertiK. The company created the data set by using the list of tokens added each quarter to the tracking website CoinMarketCap, and then stripping out so-called memecoins that serve no ostensible purpose but to provide yuks and a vessel for speculation.

The GMX platform is introducing trading and grant incentives to reward its users and developers.

A crypto trader who accurately called Bitcoin’s (BTC) 2018 bear market price floor is predicting Solana (SOL) will easily soar beyond $100.

Crypto analysts are predicting a surge in the price of Ethereum (ETH) in the coming months. According to a chart shared by pseudonymous trader Bluntz, ETH is expected to experience a brief correction before jumping to nearly $2,400. Bluntz advises investors to take advantage of any dips in price below $1,720 to accumulate more ETH. Fellow trader Credible Crypto shares a similar outlook, stating that ETH is unlikely to drop below $1,500 again. However, both analysts believe that a pullback may occur before the price continues to rise. They anticipate ETH reaching $1,700 before heading towards the $2,000 region. It is worth noting that if Bitcoin's price continues to rise, the pullback on ETH may be less likely. Investors are advised to do their own research and exercise caution when investing in cryptocurrencies.

Crypto lobbyists and their allies in Congress, primarily Republican lawmakers, are pushing for the Commodity Futures Trading Commission (CFTC) to be granted more authority over the crypto spot markets. This would give the CFTC direct regulatory power over the markets where actual crypto assets are exchanged.

It's a cliche that the crypto winter is a time for building, but it's a truism for a reason. This period presents an opportunity for crypto trading platforms to rebuild and attract users in the post-FTX era. By embracing this opportunity, they can learn important lessons and set new precedents.