Wall Street analysts have raised their recession predictions, a move that may affect Bitcoin and other popular altcoins like Shiba Inu, Dogecoin, Ripple, and Cardano. PIMCO analysts have boosted their recession odds to 35%, while JPMorgan economists see a 40% chance. Goldman Sachs has raised these odds to 20%. Mark Zandi, the popular economist at…
Credora Network announces the launch of a consensus-based risk ratings on Morpho, one of the fastest-growing DeFi lending platforms. Credora Network’s announcment represents the first time a decentralized protocol has received third-party risk assessments from a collaborative network of industry experts, the company said in a press release obtained by crypto.news. Credora’s integration with Morpho…
1inch’s investment fund is offloading portions of its crypto holdings despite a recent market rebound, signaling a strategic effort to cut losses and hedge against further potential downside. According on-chain monitoring X account EmberCN, the 1inch team’s investment fund recently sold 37.9 Wrapped Bitcoin (WBTC) at $86,578 each, totaling about $3.28 million, and 511 Ethereum…
On Mar. 26, an open letter signed by 34 crypto companies urged the U.S. senators and congressmen to correct the code interpretation by the Department of Justice, where the DOJ suggested that web3 developers like the Tornado Cash team were involved in “unlicensed money transmitting business” simply through creating an open-source software. The letter doesn’t…
Web3 privacy protocol COTI said on March 26 it has launched its mainnet, unveiling a new Layer 2 network designed to enable Privacy-on-Demand for decentralized applications and institutional users. Coti spent more than two years developing its mainnet and it is now positioned as a major player within the confidential blockchain infrastructure industry. Developed in…
Bitcoin’s next breakout will likely require more than just liquidity growth, as analysts question its impact. Bitcoin (BTC) may stay in consolidation as analysts question whether liquidity growth alone can drive a rally, noting that while global liquidity often rises alongside BTC’s price, the connection might not be as strong as some traders think. https://twitter.com/Matrixport_EN/status/1905530301952229749/…
Lightning Network is a Bitcoin blockchain layer-2 solution. Blockchain scalability is mostly dependent on layer-2 solutions. Because Lightning Network is associated with Bitcoin (BTC) and can contribute utility value to the chain, it is one of the most important layer-2 solutions. In this article we will learn what is the Lightning Network, how it works,…
Velar has officially launched the world’s first decentralized perpetuals exchange built natively on Bitcoin. Velar, a DeFi infrastructure platform focused on building advanced trading products and user interfaces for Bitcoin-secured assets, said its new product marks a new chapter in Bitcoin (BTC)-based decentralized finance. Deployed on Stacks, a Bitcoin layer 2, the platform allows users…
Coinbase has announced its support for Celo’s migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network. The transition is set to begin on March 25 with Coinbase temporarily suspending deposits and withdrawals of Celo’s native token, CGLD, during the upgrade. Celo’s move to Layer-2 aims to leverage Ethereum’s (ETH) robust security and…
Bitcoin and many altcoins cautiously bounced back on Wednesday ahead of the Federal Reserve interest rate decision. Bitcoin (BTC) rose to $84,500 as it struggled to move above the psychological barrier of $85,000. Other top-performing blue-chip cryptocurrencies were Uniswap (UNI), Stellar (XLM), Algorand (ALGO), and Pepe (PEPE). Uniswap jumped 12% to $6.90, while Stellar climbed…
