The world of decentralized exchanges (DEX) is witnessing a significant surge in popularity, with Osmosis (OSMO) leading the way on the Cosmos (ATOM) blockchain. OSMO has recently experienced an explosive price move, skyrocketing by 25%. This surge can be attributed to a major development on the Cosmos network, as the two largest DEXs on the
As the world’s second-largest crypto protocol, Ethereum has often faced criticism for its perceived high energy consumption. However, a recent report from the University of Cambridge presents a different perspective. The report compares Ethereum’s annual energy consumption to that of several legacy-based financial and corporate businesses, shedding light on its energy efficiency. According to the
The cryptocurrency market has entered a period of cautious trading and consolidation following recent volatility. Major cryptocurrencies Bitcoin and Ethereum are experiencing minor price fluctuations, showing signs of recovery after significant corrections. Bitcoin is currently trading around $41,960, marking a slight decrease of 0.17% in the last 24 hours. Meanwhile, Ethereum is hovering around $2,229,
Commodities Futures Trading Commission (CFTC) Chairman Rostin Behnam believes that most cryptocurrencies should be classified as commodities under existing laws. In an interview on CNBC’s Squawk Box, Behnam argued that the current regulatory frameworks need to be updated to account for the technological advancements brought about by cryptocurrencies. This view highlights the growing need for
Bitcoin’s price experienced another significant dive, testing the support zone at $40,000. Although the cryptocurrency is currently on the rise, it must surpass the $42,350 mark to establish a positive trend. Despite recent struggles, the market remains hopeful for a potential upward movement. Bitcoin currently trades below $43,600, as well as the 100 hourly Simple
In a recent development, popular Ethereum-based automated market maker (AMM) Uniswap has launched its version 3 (v3) on the Rootstock blockchain protocol. This deployment was made possible by the GFX Labs team, the development hub of the well-known trading platform Oku. With this launch, Uniswap expands its reach to the world’s largest blockchain protocol, enabling
The cryptocurrency market continues to captivate investors with its volatility and potential for high returns. However, a recent analysis by ETC Group’s Head of Research, Andre Dragosh, reveals some interesting insights into the current state of the market. The findings highlight the performance dynamics, profit-taking activity, and derivative trends that are shaping the crypto landscape.
The Korean Financial Services Commission (FSC) recently unveiled a comprehensive set of regulations aimed at protecting virtual asset investors and enhancing regulation in the local crypto industry. With devastating scandals like the Terra LUNA collapse in recent years, it is crucial to establish measures to ensure the security and stability of the virtual asset market.
Injective Protocol (INJ) has been experiencing a significant surge in social media activity, as indicated by the data obtained from AlphaScan on December 12. Over the past day and week, the project has seen a steady increase in interest, positioning itself as the second-most mentioned token on social media platforms, just behind Bitcoin (BTC). Impressively,
Cryptocurrencies have gained increasing popularity in recent years, but with that popularity comes concerns over illicit activities. In response to these concerns, Senator Elizabeth Warren has announced an expanded coalition of Senate support for the Digital Asset Anti-Money Laundering Act. This bipartisan bill aims to mitigate the risks of illicit finance posed by cryptocurrencies through