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Proving their supremacy when it comes to investor security and prioritizing investor interests is where decentralized finance has the ability to shine. For most retail crypto investors, centralized digital marketplaces like Binance, Coinbase, Kraken, and many more have been the preferred gateway to the world of cryptocurrency trading. However, as leaked customer data like the recent Gemini case and misappropriated funds like the FTX debacle continue to plague the space, crypto investors have been looking into alternatives. According to a Delphi Digital analysis following the FTX crash, DEX tokens saw a 24% uptick, and CEX tokens saw a 2% decline. The lack of transparency in how CEX operations are run has become a major driver for this trend shift. What’s more, a lot of platforms claim complete Decentralization when in fact, there’s a centralized element to them. But do DEXs have what it takes to take over the crypto exchange space? Are DEXs better than CEXs? The centralized control ov

Crypto ownership among U.S. adults has remained steady over the last 12 months, with a large portion seemingly "frustrated" by the one-sided global financial system. A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed. Commissioned by crypto exchange Coinbase, the February online survey of more than 2,000 American adults found that 80% of respondents said the “global financial system unfairly favors powerful interests,” while 67% have called for “major changes” or a “complete overhaul” of the financial system. A large portion of respondents are disillusioned with the Global Financial System and want change. Source: Morning Consult  The Survey was conducted by Business intelligence firm Morning Consult and was aimed at examining the perception of the global financial system and how United States adults and crypto investors viewed the future of the crypto m

Join Our Telegram channel to stay up to date on breaking news coverage In their escalating conflict with US authorities, cryptocurrency advocates now have a new weapon: Europe wants their business. As U.S. regulators start enforcing decades-old laws for trading and banking in the cryptocurrency realm, industry executives are increasingly using the trans-Atlantic comparison to call for simpler regulations. As Congress is still far from creating a federal standard for digital money, President Joe Biden’s regulators are filling the gap. In contrast, the European Union is getting ready to implement new legislation specifically designed for businesses that deal in digital assets. Several European leaders are starting to promote the EU as a friendly location for cryptocurrency enterprises to open their doors. Stefan Berger, a conservative German member who oversaw the development of the EU’s forthcoming crypto regulations, declared that “we will have the greatest framework in the wo

Join Our Telegram channel to stay up to date on breaking news coverage The dYdX price prediction shows that DYDX could follow a bullish movement if the market can attempt to back above the moving averages. dYdX Prediction Statistics Data: dYdX price now – $2.73 dYdX market cap – $425.1 million dYdX circulating supply – $156.2 million dYdX total supply – $1 billion dYdX Coinmarketcap ranking – #93 DYDX/USD Market Key Levels: Resistance levels: $4.0, $4.2, $4.4 Support levels: $1.5, $1.3, $1.1 DYDXUSD – Daily Chart At the moment, DYDX/USD is likely to cross above the 9-day and 21-day moving averages, if the buyers could increase the buying pressure. For the fact that the coin is trading at $2.73, the dYdX price may continue to follow the bullish movement. Therefore, traders can expect the coin to cross above the moving averages to hit the nearest resistance level of $3.0. dYdX Price Prediction: dYdX (DYDX) May Head to the Upside If the dYdX price remains below the

Feb 23, 2023 at 09:34 // Price Author Coin Idol Binance Coin (BNB) is currently trading in the bullish trend zone, although it is stuck between the moving average lines. Binance Coin price long term forecast: bullish Since February 9, the cryptocurrency asset has been contained between the moving average lines. In other words, the price of BNB is moving between $290 and $320. Binance Coin will start trending once these barriers are crossed. The resistance at $320 or the 21-day line SMA have both slowed down the upward movements. Since the price rally on February

The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. Coinbase L2 Scaling Platform Aims to Help Scale the Crypto Economy Coinbase is joining the competition of Ethereum L2 scaling projects, such as Polygon, Arbitrum, Optimism, Loopring, Starknet, and others, by launching an L2 called Base. The company announced the launch of the Base testnet on Thursday and advised the public to stay tuned for the upcoming mainnet launch. On Twitter, Coinbase stated, “Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Our goal with Base is to make onchain the next online and onboard 1B+ users into the crypto economy.” Coinbase detailed on Thursday that the team building Base has been w

Join Our Telegram channel to stay up to date on breaking news coverage On Wednesday, the governance token of Lido DAO, LDO, saw an increase of 15% following the submission of a proposal by its financial unit regarding the management of the $30 million worth of ether held in its treasury. Treasury Proposal by Lido Dao Causes Surge in Value of Governance Token (LDO) Lido DAO, the biggest Ethereum staking service provider , has recently sparked interest in the crypto world after issuing a vote regarding using its $30 million worth of ether. Lido DAO’s Governance Token LDO has jumped in value in response to the proposal, causing excitement amongst investors. Lido DAO’s Governance Token LDO Jumps on Treasury Proposal The largest Ethereum staking service provider’s DAO has issued a vote over what it should do with its $30 million worth of ether.#dao #daonetv #daoko #daor #daoism #Daoneradionyc #Daoathlete pic.twitter.com/d7Tm38c1TT — TechDL-io-Official (@TechDLio) February 22, 20

Flags are among the most-referred patterns in technical analysis that can provide clues to the price trend and potential next move. In technical Analysis , a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend continuation indicators. There are two types of flag patterns: bull flag and bear flag. While their outcomes are different, each flag exhibits five key characteristics, as listed below: The strong preceding trend (flagpole or pole) The consolidation channel (the flag itself) The trading volume pattern A breakout A confirmation of the price moving in the direction of its previous trend. In this article, we discuss bull and bear flag pattern s and how to trade them. What is a bull flag pattern? A bull flag is a technical pattern that appears when the price consolidates lower inside a downward-sloping channel after a strong uptrend. The said channel comprises two par

Join Our Telegram channel to stay up to date on breaking news coverage With the start of the new year, crypto prices have slowly started to recover from a year-long bear market, which started bringing investors back into the industry. People are becoming more willing to invest in projects, and various events that the industry participants are organizing are attracting attention once more. This also makes it a perfect time for hackers to launch phishing campaigns and once again rob unsuspecting newcomers to the industry. Security researchers have already reported one such campaign, where the hackers have created a fake website of the popular Ethereum Denver conference. The campaign is also tied to a smart contract that contains over $300,000 in stolen ETH coins. The wallet tied to the scam stole $300k in crypto Ethereum Denver is, of course, a real conference and a very popular one, at that. However, its website has been duplicated by online criminals who seek to trick users i

Join Our Telegram channel to stay up to date on breaking news coverage What – The crypto industry in Oman is taking a different turn from what the country’s central bank expects. Why – The apex bank had issued several warnings concerning virtual asset investments. But still, many residents now hold crypto assets. What Next – T his move involves launching a regulatory framework for virtual assets in the Sultanate of Oman. Due to the increasing interest in the crypto sector in Oman, the financial market regulator is trying to fortify its regulatory stance.  Oman Capital Market Regulator Moves For New Rules  Recently, the Capital Market Authority (CMA), Oman’s financial markets regulator, released a public post about new rules for virtual assets. According to CMA, the rules will ensure oversight of digital assets activities and a licensing procedure for all the country’s virtual asset service providers (VASPs). Also, it will contain the necessary framework for identifying

A prominent crypto strategist asserts that Ethereum (ETH) rival Solana (SOL) is still a viable project despite losing roughly 96% of its value from its all-time high. In a recent video update, the presenter of InvestAnswers reminds his 444,000 YouTube fans that despite the current price of SOL, the robust fundamentals of Solana are shown by its thriving development activities. The expert asserts that Solana’s ecosystem continues to outpace many other leading cryptocurrencies despite being one of the most severely impacted projects by the collapse of the crypto exchange FTX. “Here we are. [Solana] is still ticking. ‘Click clock, every block,’ whatever they say. [SOL] is still out there. People are still developing. It’s not dead. It got a black eye, a broken ankle from all the exposure to FTX and the scammers associated with that but going by the data, [it] looks like it has a very good chance of surviving, especially when you benchmark it against all the other

The most recent banks to join the bitcoin bandwagon are Brazil’s Nubank and Germany’s N26 mobile bank. Customers will be able to purchase and trade 100 cryptocurrencies via a service launched by Berlin-based neobank N26. Nubank, the biggest fintech bank in Latin America, too joined the trend and introduced its own cryptocurrency in Brazil. It’s interesting to note that the bank has financial support from Berkshire Hathaway, the giant holding firm led by renowned investor and crypto sceptic Warren Buffett. Cryptocurrency interest “Remains Super High” Even if the crypto industry has seen a big decrease in 2022, some banks still have high hopes for it. The German N26 is one such instance, which collaborated with Bitpanda to let its customers to trade 100 digital currencies, including Bitcoin (BTC) and Ether (ETH). The N26 Crypto service will launch in Austria before expanding to other nations over the next six months. Additionally, the business intends to even