The decentralized finance (DeFi) sector has witnessed a significant resurgence, with recent data showing total value locked (TVL) exceeding $80 billion. This marks a dramatic reversal since the collapse of Terra’s stablecoin in May 2022. One of the key players driving this growth in 2024 will be Lido’s liquid staking platform. Lido has established itself as a leader in the DeFi space, especially with its ether-based liquid staking derivatives (LSD). These products have skyrocketed in popularity and adoption, contributing to Lido’s dominant position in terms of TVL. The resurgence of DeFi and the rise of TVL can be attributed to…
Author: Crypto Flexs
Read More
The only thing better than watching your cryptocurrency portfolio grow is being able to convert your profits into cash you can use in the real world. This especially applies to Ethereum, which boasts the second-largest market capitalization after Bitcoin and is almost certain to benefit from this.But selling Ethereum for Naira is not everything. To maximize your profits, it is best to follow a specific strategy. In this post, we’ll look at some simple strategies to help you get the best returns. Ethereum Investment Through the most rewarding platform.A Simple Strategy to Convert Better Ethereum to Naira Profitsmarket timingIn the…
Litecoin’s price action in February was somewhat positive. Litecoin is currently It has risen 6.4% since February 1, providing positive value for holders. Speaking of holders, recent on-chain data has revealed long-term sentiment among Litecoin holders amid the ever-changing dynamics of the cryptocurrency market. Litecoin investors have one of the highest holding times among digital assets, according to on-chain analytics platform IntoTheBlock. The average holding time for Litecoin holders is 2.4 years, putting the holding mentality on par with Bitcoin. Litecoin investors are investing for the long term Activity surrounding Litecoin may be relatively quiet compared to the rest of…
Illustration by Mitchell Preffer for DecryptJust when you thought the world was ready to forget about FTX’s catastrophic collapse and the conviction of its once-untouchable founder Sam Bankman-Fried, photos of the imprisoned former executive and a handful of other inmates surfaced on Twitter, thanks to Tiffany Fong. .Fong himself calls attention to the absurdity of his involvement in the FTX drama. rolling stone) obtained the images after befriending Bankman-Fried’s former inmate “G Lock”. G Lock called the FTX founder his “son” and called US President Joe Biden to ask for forgiveness for his now-bearded friend.Enough of the scandal that cryptocurrency…
Dubai’s ambitious embrace of cryptocurrencies, particularly through the establishment of a regulatory framework and the welcoming of major cryptocurrency exchanges, has established the city as a major player in the digital asset space. This stance not only boosts Bitcoin’s (BTC) global presence, but also sets the stage for innovative ventures like Meme Moguls (MGLS), which blend traditional finance with the burgeoning world of memecoins. Crypto Oasis: Fueling Bitcoin (BTC) Surge Dubai’s rapid emergence as a cryptocurrency haven is reshaping the global digital asset landscape and having a significant impact on the popularity and adoption of Bitcoin (BTC). The UAE’s efforts…
Chainalytic reveals that human trafficking and cryptocurrency fraud are intertwined in Southeast Asia, highlighting the urgency of fighting these digital age crimes. (read more)
Proof of Work blockchains stand as the cornerstone of cryptocurrency technology, first popularized by Bitcoin, the original cryptocurrency. At their core, these blockchains rely on a consensus mechanism called Proof of Work (PoW). This mechanism is essential for validating transactions and creating new blocks without the need for a central authority. In a PoW blockchain, miners compete to solve complex mathematical puzzles. The first miner to solve the puzzle gets the opportunity to add a new block to the blockchain and is rewarded with cryptocurrency. This process not only secures the network against fraudulent transactions but also ensures its decentralization…
A closely tracked trader known by the pseudonym The Flow Horse said the Ethereum (ETH) scaling altcoin is poised to move much higher. The Flow Horse tells his 202,500 followers on social media platform The top trader specifically named the underlying asset of Celo (CELO), a cryptocurrency project that is transitioning to an ETH scaling solution, as an altcoin that could witness a major breakout. “We expect to see some love for the ETH layer-2 group. There are well-known pairs close to instruments that fall outside the monthly accumulation range. I’m gathering seats… “I purchased physical CELO.” source: Flow Hose/X…
Anonymous blockchain researcher ZachXBT claims to have successfully recovered most of the funds from stolen non-fungible tokens (NFTs). On February 24th, ZachXBT shared the results of his nine-month investigation into the theft of DeGods #3251 NFT with his over 505,000 social media followers. He said most of the funds were successfully returned to victims. The NFT in question was sold for 99 Ether (ETH), worth about $177,000 at the time. ZachXBT explained that he received a message from the victim in May 2023, shortly after the victim discovered her wallet was empty. Who is ZachXBT? ZachXBT conducts research over varying…
February 22nd: meso, a payments platform connecting banks and blockchain, announced that it has raised $9.5 million in a seed round co-led by Solana Ventures and Ribbit Capital, with participation from 6th Man Ventures, Canonical Crypto, Phantom co-founder Chris Kalani, and Pinterest CEO Bill . Ready and Archie Puri of Bodhi Labs. According to the team, “The network was launched by veterans of PayPal, Venmo, and Braintree. Apps can integrate Meso to onboard users without first sending them to a centralized exchange to fund their wallets.” Meso currently supports Ethereum, Solana, and Polygon, and plans to add Arbitrum, Optimism, and…