In the months since Decentralized Finance (DeFi) emerged, many blockchains, including Cardano, have redesigned themselves to incorporate its advantages. However, the creator of Cardano, Charles Hoskinson, believes that the entire DeFi space is merely in a bubble. What then? Well, the truth of the matter lies elsewhere since the analysis of on-chain data reveals something
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El Salvador’s official adoption of Bitcoin as legal tender earlier this month has been celebrated and criticized, both within the country and worldwide. While many believe it to be a historical event, others have labelled it as the country’s impending financial doom. Joining the latter is credit rating agency Standard and Poor (S&P) Global. According
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German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain. Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace. German investors can invest in EXOeu via Stokr
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Animoca Brands, a nonfungible token (NFT) game developer, has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investment in Bondly, Animoca chairman and co-founder Yat Siu told Cointelegraph: “We acquired
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Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels.  By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines. On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst Mike
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