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Weekly News

Meta’s Web3 hopes face challenge of decentralization and market headwinds

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

Meta’s metaverse aspirations haven’t fared well for the tech giant, as the firm wiped out nearly five years’ worth of market cap in just 10 months of 2022. Facebook went…

Continue ReadingMeta’s Web3 hopes face challenge of decentralization and market headwinds

Hodlers prefer centralized exchanges over DeFi for security: Chainalysis

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

Security remains a perennial concern for DeFi protocols, but DeFi will still inevitably “grow and flourish,” Bitfinex chief technology officer Paolo Ardoino believes. Despite the rise of decentralized finance (DeFi),…

Continue ReadingHodlers prefer centralized exchanges over DeFi for security: Chainalysis

Binance exchange burns $547M worth of BNB tokens

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady. Crypto exchange platform Binance has concluded its 21st quarterly BNB (BNB) burn,…

Continue ReadingBinance exchange burns $547M worth of BNB tokens

DappRadar explains why it counted less than 40 active users on Decentraland

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity’s daily user count is over 100,000, but DappRadar measures it only at 20,000.…

Continue ReadingDappRadar explains why it counted less than 40 active users on Decentraland

Crypto markets to see ‘explosive volatility’ soon: Arcane Research

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term. After weeks of reduced volatility, cryptocurrencies like Bitcoin (BTC)…

Continue ReadingCrypto markets to see ‘explosive volatility’ soon: Arcane Research

Bitcoin price threatens $19K support ahead of ‘most hyped’ CPI print

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

Nerves are showing on the market after several days of Bitcoin “stuck” in a tiny trading range. Bitcoin (BTC) began Oct. 13 with classic fluctuations around $19,000 as markets prepared…

Continue ReadingBitcoin price threatens $19K support ahead of ‘most hyped’ CPI print

Bank of China: Digital yuan transactions volume crossed $14B mark

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong. China’s central bank digital currency (CBDC) project has reached the…

Continue ReadingBank of China: Digital yuan transactions volume crossed $14B mark
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