According to Chainalytic, an on-chain analytics platform, decentralized finance-related activity is increasing in Eastern Europe and cryptocurrency adoption continues to occur.Eastern Europe received $499 billion worth of cryptocurrency between July 2023 and June 2024.Decentralized finance (DeFi) activity accounted for a third of the region’s cryptocurrency value flows, totaling more than $165 billion, according to the October 30 Chainalytic Crypto Adoption Report.Total value received by region by service type. Source: ChainalysisEastern Europe has grown into the fourth largest cryptocurrency market in the world. The region’s $499 billion accounted for more than 11% of the total cryptocurrency value received globally.The report suggests…
Author: Crypto Flexs
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james ding November 1, 2024 09:41 GalaChain celebrates its second anniversary, demonstrating significant growth and innovation in blockchain technology through application expansion and increased developer interest. GalaChain, the pioneering blockchain solution from Gala Games, is celebrating its second anniversary, celebrating two years of substantial growth and innovation. Originally launched in October 2022, GalaChain has become an important component of the Gala ecosystem, supporting a variety of applications and attracting an active developer community, according to Gala News. Rise of the Gala Chain Initially known as ‘Project GYRI’, GalaChain was born out of the need…
Some Bitcoin speculators panicked as the market fell below $70,000, latest data showed.Short-term holders (STH) offloaded 54,000 BTC on October 31, the most since April, according to data from on-chain analytics firm Glassnode.STH gains fizzle as BTC price gives up gains.Opportunistic Bitcoin (BTC) traders quickly lost their cool as BTC/USD reversed from near all-time highs this week.According to Glassnode, which tracks transfer volume from STH companies to exchanges, 54,352 BTC (about $3.76 billion) was transferred in inbound exchange transactions on October 31st alone.Send Bitcoin STH trading volume to the exchange. Source: GlassnodeSTH is a wallet that stores a certain amount…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Intel Markets, which recently saw a 133% surge in trading volume, is outperforming top players like Ripple and Near Protocol, making investors excited about what’s to come. In an impressive rally, Intel Markets (INTL) captured a lot of attention from investors with a 133% surge in trading volume, outpacing popular tokens like Ripple (XRP) and Near Protocol (NEAR). Let’s find out how this new player outperforms its competitors. Ripple’s $10 Million Gamble for Political Influence: What’s the Goal? Ripple…
Blockchain abstraction layer Chainlink serves as Tron’s official oracle. Tron (TRX) founder Justin Sun revealed the complexities of this partnership. Driven by meme coins, Tron’s DeFi system now boasts a TVL of $6.9 billion. Tron DAO, the decentralized autonomous organization powering the EVM-compatible Tron (TRX) blockchain, has adopted a data feed from Chainlink (LINK) as its official oracle. With this groundbreaking upgrade, Tron’s decentralized finance (DeFi) ecosystem will enjoy additional security layers and a real-time database that will allow developers to build large-scale dApps on TRX. “Through trusted, decentralized, on-chain market data, Chainlink empowers TRON developers to build the next…
Peter Jang November 1, 2024 06:38 Ethereum Devcon SEA 2024 is expected to have 12,000 attendees. The schedule is now live and offers over 300 hours of content. Find event highlights and participation details. According to the Ethereum blog, the eagerly anticipated Ethereum Devcon SEA 2024 is fast approaching and the schedule is now live. The event in Bangkok is expected to attract approximately 12,000 attendees, a significant increase compared to previous years. Download Devcon Passport Participants are encouraged to download the Devcon Passport web app to customize their personal itinerary. The app allows…
Warsaw, Poland, November 1, 2024, ChainwireFlipster, a global cryptocurrency derivatives exchange, announced that it is collaborating with BNB Chain, a community-driven blockchain ecosystem, to offer fee-free withdrawals to democratize access to cryptocurrency trading.This collaboration builds on Flipster’s existing commission-free trading model and aligns with Flipster and BNB Chain’s joint mission to make cryptocurrency trading more user-friendly and cost-effective. By supporting BNB Chain’s gasless withdrawal initiative, Flipster users can easily trade and effectively capitalize on market movements while avoiding hidden fees and slippage.Flipster’s CEO said: “We have always focused on building an inclusive and user-centric environment to enhance our users’ trading…
One prominent cryptocurrency analyst believes that one layer 1 blockchain is ready for a run similar to what Sui (SUI) has witnessed. An anonymous analyst known as Bluntz on social media platform “I think SEI is gearing up for another run. There was a clear parabolic impulse rise at the beginning of the cycle and it has already achieved the abc -84% cycle and has now held its base for six months and started to rise.” Source: Bluntz/X SEI is trading at $0.408 at the time of this writing. The 63rd-largest cryptocurrency asset by market capitalization is down nearly 12%…
Bitcoin (BTC) fell towards $71,000 at the opening on Wall Street on October 31 as US macro data failed to reignite the BTC price rally.BTC/USD 1-hour chart. Source: TradingViewBitcoin ignores PCE as “nothing”Data from Cointelegraph Markets Pro and TradingView shows BTC/USD continued to retrace, down 1.6% on the day.September’s Personal Consumption Expenditures (PCE) index largely met expectations and failed to deliver on the volatility curve, but the cryptocurrency market appears to be in no mood to celebrate.“Both core PCE and CPI inflation remain high and stubborn,” trading resource Kobeissi Letter wrote in part of its response to X. “The ‘Fed…
The renders show a potential bullish reversal as it approaches the critical resistance at $6.63. Market sentiment is strong, driven by a long-short ratio favoring buying and high trading volume. Render (RNDR) continues to dominate the Decentralized Physical Infrastructure Network (DePIN) sector, with a whopping $2 billion market capitalization and $103 million daily trading volume. At press time, Render is trading at $4.89, down 4.18% from last week. However, signs are pointing to a potential reversal as Render’s technical and market indicators attract investor attention. Could this be the turning point that leads Render to a bullish breakout? RNDR Price…