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DeFi – Page 6 – BitcoTasks BLOG
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GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight

Cryptocurrency Market News

GameStop, the video game retailer that took Wall Street by storm in 2021, has once again become the talk of the town as its share price surges 100%.  Fueling this rally is the return of the influential social media figure Keith Gill’s “Roaring Kitty.” After a long hiatus, Roaring Kitty’s recent activity on social platforms,…

GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight Read More »

The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance

Cryptocurrency Market News

Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date.  While Bitcoin (BTC) and other major cryptocurrencies experience price corrections, the Akash Network and its native token are surging at a remarkable pace.…

The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance Read More »

EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens

Cryptocurrency Market News

Restaking protocol EigenLayer has unveiled its highly anticipated airdrop season, during which eligible users can claim a portion of the initial EIGEN token supply.  EigenLayer Sets September 2024 Deadline The protocol’s announcement on Friday revealed that “Season 1” commences with 6.05% of the total supply, which users can claim starting on May 10.  Moreover, “Season…

EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens Read More »

Algorand Market Cap And TVL Skyrocket As ALGO Faces Critical Support Test

Algorand

Blockchain platform Algorand achieved notable gains in key metrics during the year’s first quarter (Q1), aligning with the overall upward trend observed in the crypto market ecosystem.  However, despite this growth, its native token ALGO experienced a 22% price decrease since the beginning of Q2, putting a critical support line to the test and raising…

Algorand Market Cap And TVL Skyrocket As ALGO Faces Critical Support Test Read More »

Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users

Cryptocurrency Market News

In a recent report by Bloomberg, it has been revealed that more than 90% of stablecoin transaction volumes do not originate from genuine users, according to a new metric co-developed by Visa. Stablecoin Market Faces Data Reality Visa and Allium Labs have created a dashboard designed to filter out transactions initiated by bots and large-scale…

Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users Read More »

900 Million Telegram Users Send TON Token Soaring 15% – Details

Cryptocurrency Market News

Telegram, the messaging giant, has reached a staggering 900 million users. This surge directly impacts Telegram Open Network (TON), the blockchain designed to work seamlessly within Telegram. TON has seen a remarkable 15% growth in the last week, highlighting its potential to become a mainstream crypto player. TON price action. Source: Coingecko TON: Cheap Transactions…

900 Million Telegram Users Send TON Token Soaring 15% – Details Read More »

Friend.tech Token Launch Turns Into A Nightmare As Price Dives 98%

Cryptocurrency Market News

The decentralized social network Friend.tech, launched in August 2023, is facing a significant setback as its native token, FRIEND, experiences a staggering 98.5% drop in value.  Investors who participated in the recent airdrop of FRIEND tokens have expressed serious concerns about the development, highlighting issues with token claiming and app functionality. Investors Hit Hard As…

Friend.tech Token Launch Turns Into A Nightmare As Price Dives 98% Read More »

Eclipse And Neon EVM Drive Solana-Ethereum Integration For Blockchain Interoperability

Cryptocurrency Market News

Layer 2 (L2) blockchain Eclipse and developer-oriented bridge Neon EVM have formed a new collaboration to implement changes in the blockchain landscape, increasing interoperability and scalability with the integration of Ethereum (ETH) and Solana (SOL).  Aiming to combine the capabilities of both blockchains, Eclipse has consolidated the compatibility between the Ethereum Virtual Machine (EVM) and…

Eclipse And Neon EVM Drive Solana-Ethereum Integration For Blockchain Interoperability Read More »

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1

Tether

Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO.  The report, which provides additional financial information beyond the reserves backing Tether’s fiat-denominated stablecoins, shows the company’s profit…

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1 Read More »

Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead

Cryptocurrency Market News

In a controversial Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.”  These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others.  XRP And Ethereum Classic In The Spotlight Ripple Labs, the company behind…

Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead Read More »

Uniswap On Arbitrum Nears $150 Billion In Swap Volume

Cryptocurrency Market News

Uniswap, one of the world’s largest decentralized exchanges (DEX) by total value locked (TVL), is approaching a major milestone on Arbitrum, the largest layer-2 by TVL on Ethereum. According to data from Dune Analytics shared by Uniswap Labs, Uniswap on Arbitrum is on the cusp of surpassing a staggering $150 billion in total swap volume. Riding The…

Uniswap On Arbitrum Nears $150 Billion In Swap Volume Read More »

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