‘The Dip May Be Done’: Bitcoin Surges and Wipes Out 2022 Losses as Short Sellers Lose Millions

Crypto News — Live Updates: Bitcoin 2022 Conference, Elon Musk, NFTs Latest, BTC Price Update, Altcoin News, DeFi Updates

Bloomberg Intelligence’s Mike McGlone says Bitcoin “has shown divergent strength” in 2022 and looks like it is breaching “key resistance” around its 50-week moving average. Bitcoin surged dramatically on Sunday night — rallying from $44,795 to highs of $47,317 in just four hours. The world’s biggest cryptocurrency has now wiped out the losses seen so … Read more

New Threat for Crypto Investors in Europe as Crackdown on Unhosted Wallets Looms

Experts fear that the proposed measures may stop European exchanges from dealing with unhosted crypto wallets altogether. Weeks after narrowly avoiding a de facto ban on Bitcoin, Europe is on the brink of enforcing regulations that could cause huge problems for crypto investors. Unstoppable DeFi’s head of strategy Patrick Hansen has warned that the European … Read more

Weekly Wrap: What’s Happening in the Metaverse This Week? [March 28, 2022]

CoinMarketCap and Nansen look at the latest happenings in the metaverse — from the first-ever metaverse fashion week in Decentraland, to Yat Siu of Animoca pushing for an open metaverse. Would you choose a virtual fashion show over a real one? Well, Decentraland hosted the first-ever metaverse fashion show last week and many prominent brands were present to showcase … Read more

Just 18 Out of 1,500 Major Cryptocurrencies Are Fully Secured, Shocking New Research Reveals

It’s also emerged that 20% of projects have failed to fix critical security bugs after they have been identified through an audit — potentially putting their users in danger. Only 18 projects out of 1,500 major cryptocurrencies are fully secured, according to damning new research given to CoinMarketCap. Hacken Scout enlisted the help of 111 … Read more

What Is Frax Finance? Features, Tokenomics and Price Prediction

CoinMarketCap Alexandria takes a deep dive into Frax Finance — the world’s first fractional-algorithmic stablecoin protocol that is partly backed by collateral, partly algorithmic. Frax Finance (FRAX) is an algorithmic stablecoin partially backed by collateral. FRAX combines collateralization with an algorithm to establish a collateral ratio, which varies with time. This collateral ratio defines what ratio of collateral backs … Read more

How MakerDAO Is Forging the Future of Blockchain

A look at how MakerDAO and the multi-collateral DAI work. This first generation of blockchains was an incredible leap forward, enabling trustless peer-to-peer transactions through incentivized security and consensus models. However, it wasn’t until 2017 that the technology was used for more than simple transactions. While other projects were trying to find more efficient solutions, MakerDAO was tweaking the formula. Decentralized Finance (Defi) … Read more

A Deep Dive Into the Cosmos Network and the Cosmos Ecosystem

A look at how the “internet of blockchains” work and an overview of the Cosmos ecosystem. With its extensive ecosystem of interconnected applications and services — targeted towards a decentralized future — Cosmos (ATOM) positions itself as the “internet of blockchains.” The number of decentralized apps (DApps) and services on the platform have crossed 260, while the volume of … Read more