DeFi News Official Today TheBitTimes.com

Author: @0xMavWisdom The Arbiturm ecosystem has continued to explode recently, with a game project called TridentDAO sparking community discussion. This free to play game project, developed by Geyser Forge Studios, has been labeled by some community members as “the biggest competitor to TreasureDAO” after a huge increase in Token and NFT prices. Officials say future expansion to other Layer 2 StarkNet, etc. PSI is a TridentDAO native Token that can be used for in-game purposes such as player betting and exchanging for NFT. New GameFi model — Risk to earn The Trident team recognized the previous Play to earn dilemma. First of all, P2E game users make money playing the game by selling the assets generated in the game to others, and secondly, there is generally an infinite breeding system where one NFT/asset can be “propagated” to create more NFT/assets. Both of these models lead to an increased supply of assets and selling pressure on the game, and such game asset prices are theoreticall

Feb 27, 2023 at 13:05 // Price Author Coin Idol Ethereum (ETH) price has risen after breaking the 21-day line SMA. The largest altcoin is rising again and testing the resistance of $1,700. Long-term analysis of the Ethereum price: bullish However, the high of $1,650 is the point where the current bullish momentum has stalled. The price of the cryptocurrency is fluctuating below the initial resistance level. On the shorter time scale, Ether is also rejected at the 50-day line SMA. If buyers manage to overcome the initial resistance, Ether will rise to a high of $

On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid Staking Protocol Lido Records 150,000 Ether Inflow Lido, the liquid staking platform with the highest amount of ethereum (ETH) value locked, noted that it received the largest daily stake inflow to date, with 150,000 ether worth $240 million. “Lido protocol has registered its largest daily stake inflow so far with over 150,000 ETH staked,” Lido said. “Upon reaching this number, a curious (but important) protocol safety feature called Staking Rate Limit was activated.” Diagram of the Staking Rate Limit shared by Lido this weekend. Lido stated that the Staking Rate Limit is a dynamic mechanism that manages large inflow spikes by reducing the chance of diluting value without explicitly pausing stake deposits. In the last 24 hours, Lido’s total v

Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launched by the bank in 2020, and on digital identity solutions. JPMorgan to Push Blockchain Development in New Innovation Lab JPMorgan, the investment bank with millions of customers worldwide, has announced the launch of a new innovation lab in Greece, which will develop solutions using blockchain tools. The lab will focus primarily on building applications that use Onyx, the platform launched by the bank in 2020. This new innovation lab will be part of the Blockchain Launch group, which prepares and develops blockchain-based software for customers of the bank using Onyx’s technology. Tyrone Lobban, head of Blockchain Launch & Onyx Digital Assets at JPMorgan, revealed that the company is looking to fill four new positions for this new initiative including two full-stack software enginee

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency market has been quite stagnant for a couple of days now after an entrancing performance last week. Investors are now shifting their focus to long-term investments instead of just trading during days when the market is rallying. We believe a few tokens have the potential to make it big in 2023, likely to be an outcome of strong support from the bulls. If you are looking for promising investments to add to your portfolio, here’s a list you don’t want to overlook. Cryptocurrency Tokens To Get Support From Bulls This Year 1. Aptos (APT) Aptos has displayed an astonishing performance since the beginning of the year, up by close to 300%. Although, the token’s performance has been quite sluggish for the past few weeks. While APT is currently trading at $13.52, it reached an all-time high less than a month back, touching $19.9 on January 30th. The token is trading above its immediate support

Irrespective of the state of the market, members of the Shiba Inu Army have been quite active on social media platforms of late. On Thursday, it was a “trending” topic under the “Business & finance” genre on Twitter. Source: Twitter Also Read: Elon Musk Makes New Dogecoin-Related Confession, DOGE Spikes Data from Lunar Crush supported the said “chitter-chatter refinement” narrative. According to the platform, Shiba Inu related social mentions have noted a 7.5% incline over the past week. The aggregate number of mentions during the said period hovered around 260k. Sentiment plays a crucial role in determining the direction in which the price pendulum could swing. The bullish-bearish breakdown seemed to paint a favorable picture for Shiba Inu. Like illustrated below, over 251.38k mentions were bullish in nature. The same marked an 8.4% incline when compared to the previous week. Bearish sentiment, on the other hand, has been evaporating. Only 3.8k of the total mentions w

Only 226 validators have been slashed since Ethereum staking began, with 75 of those coming from one single event in Feb. 2021. The Ethereum ecosystem has seen only 226 validator s slashed since the launch of the Beacon Chain on Dec. 1, 2022 — amounting to just 0.04% of 524,060 validator s, according to an Ethereum core developer. Slashing is a process where a validator breaches the proof-of-stake consensus rules, which often results in the removal of that validator from the network and slashing a portion of the staked Ether (ETH) that the validator provided as collateral. Such slim odds of being slashed were highlighted by Ethereum core developer “Superphiz” in a Feb. 23 Twitter post, which suggests that people shouldn’t be concerned about staking ETH for that particular reason. 226 out of 523,000 validators on the beacon chain have been slashed. This is nothing to lose sleep over. Many slashings have occurred during failed system migration. Here are four emerging best practice tips

Shiba Inu’s (SHIB) offspring token, Bone ShibaSwap (BONE), has been rallying in the green over the past week. The currency is up 3.1% in the last 24 hours and 17.4% on the weekly charts. BONE’s latest rally follows the publication of another Shibarium-focused blog by SHIB developer Shytoshi Kusama. However, to the community’s disappointment, Kusama did not mention a release date. Shiba Inu’s BONE is currently testing the $1.96 price level, a resistance previously tested on Aug. 30th, 2022. BONE must close its candle above $1.99 or $2 to continue its current rally. Furthermore, BONE’s RSI is around 53.5, indicating a higher buy pressure. Hence, the token looks bullish on the daily chart. BONE has the potential to break through its current resistance and rise above $2. Source: BONE SHIBASWAP/Tether Chart by Trading View However, there is also the possibility that BONE falls down to its current support level of $1.44, leading to new support at $0.75. Investors are keeping their eyes

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin is having a great week, with its price skyrocketing over the $25,000 threshold first time since August. The Bitcoin price has been experiencing a bullish movement for the last few days. Earlier this week, it experienced the highest single daily rise in 3 months. Investors are keeping a sharp eye on the price movement of Bitcoin this week. The entire cryptocurrency industry is waiting to see if BTC ’ s price will go further up and close to the $25,400 target. The world ’ s largest cryptocurrency- Bitcoin, is extremely volatile in nature. The market fluctuates a lot owing to certain external factors. Although Bitcoin has gained a lot in value since its initial launch, it is not immune to the pitfalls of the cryptocurrency market. To be able to predict its movement accurately, it is crucial to look at Bitcoin ’ s past price graphs and behavior patterns. Bitcoin ’ s Performance in The Last Week The la

The trader who predicted last year’s huge Bitcoin (BTC) crash is warning crypto bulls . That the current rally won’t end well. The Pseudonymous analyst Capo tells his 710,100 Twitter followers that he doesn’t think that real and organic demand is what makes the crypto markets strong. “I’ve been checking charts all this time, avoiding noise from Twitter. The way the upward movement is happening, the way high timeframe resistances are being tested… It clearly looks manipulated, no real demand. Once again, the biggest bull trap I’ve ever seen. But they won’t trap me.” When another trader pointed out that stablecoins were being made as Bitcoin went up from $18,000. Which showed that there was real demand, Capo became even more bearish. “The longer an artificial pump, the bigger and more aggressive the drop will be.” Capo said last week that Bitcoin was about to hit a big wall of resistance around $21,000. “High timeframe. BTC is still testing major

The year 2022 proved to be prosperous for harmful actors. During the year 2022, several cryptocurrency startups faced financial difficulties and insolvency. Forbes reports that in addition to these obstacles, approximately $3 billion was stolen from cryptocurrency projects in 2018. These losses have thrown the sector into disarray and sparked doubts about its stability. According to the research, there were more than 125 hacks on cryptocurrency projects, with the top five thefts (all utilizing decentralized finance (DeFi) protocols) accounting for $1.48 billion of the total amount taken. DeFi Protocols Lost Most in 2022 Forbes said that cross-chain hacks, code exploits, and flash loan assaults are among the top five largest crypto heists. The top five hacks include the $625 million exploit by Ronin Network, the $325 million heist by Wormhole, the $190 million hack by Nomad Bridge, the $182 million flash loan attack by Beanstalk Farms, and the $160 million e

Join Our Telegram channel to stay up to date on breaking news coverage Most individuals in the crypto community lose their digital assets and often have no means of recovering them. However, Chiron Investigations got you covered. Chiron Investigations Crypto Recovery Solutions, a reputable crypto recovery platform, is proud to reveal the launch of its cutting-edge crypto recovery services, as per NewsWire reports. Chiron Investigations – The Leading Solution for Cryptocurrency Recovery https://t.co/nWoCE61BDw pic.twitter.com/vXkx7RiW4y — NewMediaWire (@newmediawire) February 15, 2023 The platform is well-equipped with highly skilled and knowledgeable investigators who enable individuals and businesses to retrieve their lost digital assets. Further, the platform helps victims of cryptocurrency online crimes with expert assistance to track down their stolen digital assets. Additionally, the platform educates users on how to recover stolen crypto back. As of the most recent