Category: Investment News

Ethereum – NEO Surge as DeFi Tokens Suffer

Ethereum – NEO Surge as DeFi Tokens Suffer

The overall Altcoins market sentiment remains bullish even as Bitcoin slowly reclaims its market dominance. The SCN30 Index which tracks top curated altcoins recovering from the weekly low by 9.87 points to 251.20 points. Top-performing Altcoins from last week such as Binance Coin (BNB), yearn.finance (YFI), Aave (LEND), Synthetix Network (SNX) are facing price pull-backs […]

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LINK & BCH Lose Their Spots on Ranking List; BNB & DOT Take Over!

LINK & BCH Lose Their Spots on Ranking List; BNB & DOT Take Over!

It was not too long ago when top DeFi token by market capitalization, Chainlink (LINK), overtook not only Cardano (ADA) and Bitcoin Cash (BCH) in sixth and fifth positions respectively to place fifth on the Top 100 cryptocurrency tokens list. LINK has experienced consistent growth throughout the year and remained unfazed even through last week’s […]

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Total Value Locked in DeFi Spikes $1.4 Billion as Prices Recover

Total Value Locked in DeFi Spikes $1.4 Billion as Prices Recover

Last week, the SushiSwap incident caused the market to panic sell, decentralized finance (DeFi) market capitalization plunged by almost 50% as the majority of traders got burnt in the SushiSwap sell-off. Over the weekend, however, the total value locked (TVL) in DeFi protocols has seen a significant recovery. The TVL increased more than $1.4 billion […]

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First Bitcoin & Ethereum Products Listed on Vienna Stock Exchange Wiener Börse

First Bitcoin & Ethereum Products Listed on Vienna Stock Exchange Wiener Börse

Traditional stock exchanges are jumping onboard the digital assets bandwagon with the introduction of new crypto-related products and the latest of stock exchanges to do so is the Vienna stock exchange Wiener Börse. According to a press release, 21shares, a fintech firm specializing in exchange traded products (ETPs), has made its Bitcoin ETP and Ethereum […]

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Bitcoin Briefly Breaches Above $12K – Ethereum Rallies 10% While SCN30 Index Reaches New ATH

Bitcoin Briefly Breaches Above $12K – Ethereum Rallies 10% While SCN30 Index Reaches New ATH

The crypto market saw some bullish movements last night led by Ethereum (ETH), which caused the SCN30 Index to increase by 42.59 points, breaking above 300 points for the first time since its inception. With the introduction of new DeFi constituent projects, the SCN30 Index rallied to a new all-time-high (ATH) at 309.76 points. YFI, […]

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Return of the Bear? Crypto Market Plunges After Fed’s Shift in Monetary Policies

Return of the Bear? Crypto Market Plunges After Fed’s Shift in Monetary Policies

The so-called safe-haven assets such as gold and Bitcoin were under heavy selling pressure last night as the US Federal Reserve (Fed) announced new shifts in policies. Fed Chair Jerome Powell’s approval of a higher inflation goal and prolonged low-interest rates are two main approaches the Fed is taking in an attempt to stimulate the […]

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