Sushi acquires Shipyard to address DEX performance issues
SushiSwap’s total value locked has declined sharply since 2021 highs, according to DefiLlama.
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US Congress on Libra Overview: Trust, Privacy and Genocide Accusations
The United States Congress’ hearings on Libra are over. First, on July 16, the Senate Banking Committee held a testimony on Facebook’s cryptocurrency project, which was followed by a meeting organized by the House of Representatives Financial Services Committee on the next day. David Marcus, a Facebook executive and head of the social media giant’s…

US Congress Think Tank Claims Bitcoin Is Used Mostly as ‘Investment Vehicle’
Bitcoin (BTC) and cryptocurrencies are used as a speculative investment tool and not money, a report by United States think tank the Congressional Research Service (CRS) claimed on May 10.As part of an investigation into cash usage in the U.S., the report, dubbed “The Potential Decline of Cash Usage and Related Implications,” appears to forecast…

Bitcoin is risky digital ‘copper’, it’s not gold — Goldman Sachs commodities boss
Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation. 3161 Total views 4 Total shares Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge,…

DeFi explosion: Uniswap surpasses Coinbase Pro in daily volume
Uniswap, the most widely-used decentralized exchange (DEX) on Ethereum, surpassed Coinbase in daily volume on Aug 30. The explosive growth of the Decentralized Finance (DeFi) market has pushed many avid investors to DEXes over centralized exchanges.The volume of Uniswap in the last 24 hours. Source: UniswapAccording to the data from Uniswap, the platform processed $426…

Ripple Unlocks Half Billion Tokens From Escrow as XRP Price Up 26% YTD
XRP price growth remains lackluster as February begins, despite blockchain payment network Ripple releasing 500 million tokens from its escrow.Data from the XRP blockchain noted by monitoring resource Whale Alert on Feb. 1 confirmed a single transaction of 500,000,000 tokens worth $119.5 million left Ripple’s escrow the same day.XRP “rewards” bagholders with 26% returnsThe move…

Mercado Libre launches USD-pegged Meli Dollar stablecoin in Brazil
The new stablecoin will provide Mercado Libre customers a new option for managing their finances in Brazil’s volatile economy.

Bitcoin MACD prints first bullish BTC price signal since October 2023
Bitcoin indicator data suggests a much stronger long-term picture than the current BTC price rejection from $69,000 would have traders believe.

The European Parliament adopts crypto-focused MiCA legislation
After that the legislation, introduced for the first time in 2020, should grant approval from the European Council to be published as an effective regulation.