Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Terra, the fast-growing DeFi tool kit built on Cosmos, is now officially the second-largest ecosystem in decentralized finance.  According to data pulled from DeFi Llama, Terra currently boasts total value locked (TVL) of just over $23 billion, marking an all-time high in U.S. dollar terms.  This is roughly twice as much as runners-up BNB Chain (formerly Binance Smart Chain) and Fantom. The king chain, Ethereum,… Source link

If you’re into crypto, you’ll probably be aware of just how profitable mining can be. However, mining can also be time-consuming, energy-intensive, and a waste of money if not researched properly beforehand. So, if you’re specifically interested in mining Litecoin, check out the recommendations and tips below so that you’re in the know before getting started. What Is Litecoin? Before getting into the ins and outs of Litecoin mining, let’s quickly discuss… Source link

Bitcoin (BTC) headed lower into the weekly close on March 6 with geopolitical tensions and associated macro weakness firmly in focus. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Could 2022 bring a “Greater Depression”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels in over a week Sunday after volatility returned overnight. The pair was in the process of testing $38,000 support at the time of writing, with three-day losses approaching… Source link

After falling by $6,000 in a few days, bitcoin tried its hand at $40,000 once again but to no avail. Most altcoins have stalled since yesterday with little-to-no movements, except for Monero, which has marked a sizeable price increase. Bitcoin Struggles Below $40K It’s safe to say that the past several days didn’t go well for the primary cryptocurrency. The asset had recovered all losses that came after Russia invaded Ukraine and even went towards new monthly highs. This… Source link

by Analytics Insight March 6, 2022 The gasless chain and the fastest chain are the two major reasons why Bitgert price is skyrocketing. The current bear market has affected almost all the major cryptocurrencies. Ethereum has been among the most hit. In fact, Ethereum is one of the few coins still in red for the drop experienced during the recent plunge. But when Ethereum’s price was tumbling, Bitgert price skyrocketed, with an impressive 115% increase. Bitgert has been the most… Source link

The layer-one (L1) ecosystem has received increased attention in recent months as users search for new investment opportunities in the Cosmos (ATOM), Fantom (FTM) and NEAR.  Following January’s market sell-off, where Bitcoin (BTC) price dropped to bottom below $34,000, much of the L1 field has struggled to regain its momentum. Price performance of L1 tokens since Jan. 24. Source: Delphi Digital According to data from Delphi Digital, since the BTC bottom on Jan. 24, the only L1 to experience a… Source link

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has gained 0.88% to $104.85. InvestorsObserver is giving Litecoin a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market. The… Source link

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Upper range support levels crumble for BTC Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600. Traders had hoped that various price points above $40,000 would be sufficient to steady the market after its… Source link

The price of any asset is always impacted by a combination of factors. Unlike traditional financial assets, bitcoin has historically had its own set of factors affecting its price. Do things look any different now? Let’s find out. Basic Factors: Supply And Demand Bitcoin’s price is heavily dependent on supply and demand fluctuations, just like other assets. However, contrary to measures of fiat money, bitcoin’s supply is always known and its hard cap is set at 21 million coins. The demand… Source link

Although bitcoin mining doesn’t involve hard hats, soot or nonmetaphorical canaries, the noise inside the retrofitted shipping container Edward Weniger owns in Omaha, Nebraska, does kind of sound like heavy machinery boring through the center of the earth. That noise is partly coming from the dozens of “rigs” — hot-rodded computers, basically — mining bitcoin inside. The highest decibels… Source link