Filecoin (FIL) made a positive start in July. The cryptocurrency has been experiencing a substantial price increase over the past 24 hours. According to CoinGecko data, FIL has increased in value by 16.47% in the past day, propelling its price to $4.73. FIL is the native token of the decentralized Filecoin network, an open-source cloud…
The crypto market has been on a rollercoaster this year, with prices fluctuating wildly and regulatory pressures causing significant drops. However, recent developments have given investors renewed confidence in the market, leading to a total crypto market cap recovery. On June 15th, the total crypto market cap hit a low point of $972 billion, following…
According to on-chain data from DefiLlama, Ethereum liquid staking derivatives have grown in total value in recent months, with the total crypto locked closing in on record numbers. Liquid staking derivatives platforms now have more than 10 million ETH locked, making the total value locked (TVL) close in on $20 billion across various protocols. ETH…
Over the course of seven days, Maker (MKR) has experienced remarkable growth, showcasing its potential as a lucrative investment opportunity. According to data from CoinMarketCap, MKR has recorded a significant gain of 30% in this timeframe, sparking much interest and optimism among its numerous traders and holders. For now, it remains unclear what is driving…
Compound (COMP) has recently surged with a staggering 113% rise in just two weeks, and the reason behind the rally has been the talk of the crypto community. DeFi Ignas, a decentralized finance (DeFi) researcher, has analyzed the recent developments surrounding Compound and provided insights into the potential factors contributing to the surge. Compound Takes…
The Nevada Department of Business and Industry’s Financial Institutions Division (FID) has taken action against Prime Trust, LLC. This US-based financial institution specializes in custody and settlement services for digital assets. The FID has alleged that Prime Trust has violated Nevada regulations and has a shortfall in customer funds, which has deteriorated to a critically…
AAVE, one of the most prominent DeFi tokens, is currently experiencing a market pump, gaining 28.33% in the last 7 days, according to CoinMarketCap data. Over the past week, most of the crypto market has seen a boost in prices following the Bitcoin-fueled recovery, which also saw the premier cryptocurrency trade above $31,000 for the…
Uniswap, the top decentralized exchange (DEX) in the Decentralized Finance (DeFi) space, has come under fire from developers after imposing a Business Source License (BSL) on its v4 code. According to a report by DL News, this move has restricted other developers from using the code for four years, leading to accusations that Uniswap is…
According to a Reuters report, Crypto entrepreneur Do Kwon, the former CEO of Terraform Labs, has been sentenced to four months in prison by a court in Montenegro for allegedly using forged passports. Crypto Mogul Faces Jail Time For Passport Forgery Kwon, who is charged with multibillion-dollar fraud in the United States and is wanted…
Uniswap Labs has announced the release of the draft code for Uniswap v4, the next iteration of the popular decentralized exchange (DEX) protocol. Uniswap v3 was a watershed moment for on-chain liquidity and Decentralized Finance (DeFi), processing over $1.5 trillion in trading volume since its release two years ago. However, as technology and markets evolve,…