Bitcoin Support

Published in Coinmonks

·May 31

It’s not too late for DeFi; all it needs to do is address these three major problems

DeFi isn’t dead; it just needs to address these three major issues It’s been a difficult year for DeFi, and things aren’t likely to improve until projects prioritise security, regulation, and usability. A handful of analysts have well documented the persistent challenges faced by decentralised finance, and the recent collapse of the Terra ecosystem reinforced the fact that something is seriously wrong with…

Adoption

3 min read

DeFi isn’t dead; it just needs to address these three major issues

Published in Coinmonks

·May 31

The price of bitcoin has increased to 32,300 dollars, but there are three factors that may prevent it from recovering

The price of bitcoin has risen to $32.3K, but three factors may limit its recovery Bitcoin bulls pushed the price up to $33,300, but significant headwinds in traditional markets could keep the price down. Since May 27, the price of Bitcoin (BTC) has been surprisingly bullish. Weekends, particularly holiday weekends, are notoriously volatile and indecisive, with major price swings commonplace. …

Bitcoin

4 min read

Published in Coinmonks

·May 31

According to the available information, wealthy Coinbase customers have been ‘hodling’ Bitcoin since December 2020

Institutions that reportedly bought 10,939 bitcoins from Coinbase in December 2020 have yet to sell. Bitcoin’s (BTC) price has dropped by more than 50% since peaking at $69,000 six months ago, but the drop hasn’t deterred some of the currency’s wealthiest investors from selling. Notably, the number of Bitcoins held by…

Bearmarket

2 min read

According to data, wealthy Coinbase customers have been ‘hodling’ Bitcoin since December 2020

Published in Coinmonks

·May 31

The International Monetary Fund and India are working together on a consultation paper regarding cryptocurrencies

The document, which could lay the groundwork for a national framework for digital assets, is nearly complete. The Indian government’s Department of Economic Affairs is finalising a crypto currency consultation paper, which will then be handed over to the federal government. The document’s implementation could bring the 14-billion-person country closer to…

Ajayseth

2 min read

India collaborates with the International Monetary Fund on a crypto consultation paper

Published in Coinmonks

·May 31

Tokenization of digital assets will be an area of focus for Singapore’s research into the use of public chains

By establishing a liquidity pool of tokenized bonds and deposits, MAS will investigate DeFi applications in wholesale funding markets. Project Guardian, a blockchain-based digital assets trial that will use tokenization, has been launched by the Monetary Authority of Singapore (MAS). The project will use regulated financial institutions as “trust anchors,” with…

Adoption

2 min read

Singapore will investigate the use of public chains to tokenize digital assets

Published in Coinmonks

·May 9

The issue of centralization is a concern for the rapidly growing crypto insurance industry

Insurance for cryptocurrencies is predicted to be a large business: Is it going to be decentralised or centralised? As more advanced participants dip their toes into the young ecosystem, demand for crypto insurance solutions has grown in recent years. According to Investopedia, cryptocurrency insurance is seen as a “big opportunity,”…

7 min read

The issue of centralization is a concern for the rapidly growing crypto insurance industry

May 9

The expanding crypto insurance business is confronted with the issue of centralization

Insurance for cryptocurrencies is predicted to be a large business: Is it going to be decentralised or centralised? As more advanced participants dip their toes into the young ecosystem, demand for crypto insurance solutions has grown in recent years.According to Investopedia, cryptocurrency insurance is seen as a “big opportunity,” with…

Adoption

6 min read

Published in Coinmonks

·May 9

Staking with hardware A representative from Ledger explains how cryptocurrency wallets work

According to the CEO of Ledger Enterprise, staking using a hardware wallet provides better security and independence than staking with software wallets and crypto exchanges. Staking prospects of not only crypto exchanges or software wallets, but also hardware wallets are becoming more popular as cryptocurrency staking becomes more prominent. Staking…

Ledger

4 min read

Published in Coinmonks

·May 9

Although Monero has avoided a crypto market meltdown, the XMR price is still on track to decline by 20 percent by June

Monero is preparing to issue the testnet version of its hard fork this month, therefore XMR’s bearish scenario is timely. Monero (XMR) has showed surprising endurance in the face of the Federal Reserve’s hawkish policies, which knocked the prices of most of its crypto rivals lower last week, including the…

3 min read

Monero avoids a crypto market meltdown, but the XMR price still faces a 20% decrease by June

Published in Coinmonks

·May 9

Surprisingly, a Central African bank has reprimanded the Central African Republic for adopting Bitcoin

According to a letter from the Governor of the Bank of Central African States, the Central African Republic’s adoption of crypto puts monetary stability at jeopardy. The Central African Republic (CAR) has received a scathing letter from the governor of the Bank of Central African States (Banque des États de l’Afrique…

Adoption

3 min read

Surprisingly, a Central African bank has chastised the CAR for adopting Bitcoin