Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network

The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with surges in activity and the need to scale.   High fees and slower transaction times on the Ethereum (ETH) network have left the door open for new layer-1 solutions to emerge, and Solana (SOL) is one such project that has been gaining traction lately. Data from Cointelegraph Markets and TradingView shows…

Puff, puff, pump on 4/20! April 16-21st

Loyal Finance Redefined readers: Hi, I’m Andrew. My inestimable colleague Andrey, the previous compiler of this newsletter, is stepping away from Cointelegraph in order to build [REDACTED], leaving me to take over lettering the news. While I’m thrilled he’ll be keeping around the DeFi ecosystem, I’m also infuriated that there’ll be yet another gigabrain trading against me.  Also: journalists quitting their jobs to do DeFi stuff. Talk about top signals. While DeFi tokens and ETH prices in particular have largely rebounded from dispepsia-inducing lows, I remain antsy. Nonetheless, the highlights…

Coinbase allocating 10% to innovation plays

United States cryptocurrency exchange Coinbase has announced a new project aimed at increasing innovation in the nascent blockchain industry.  Project 10 Percent will see Coinbase divert 10% of its resources to supporting innovative ideas within the company. The project aligns with the exchange’s philosophy that “70% of our time should be focused on core work, 20% on strategic bets, and 10% on innovative experimentation,” the company said Wednesday. The project is being rolled out internally by asking Coinbase employees to complete a two-page submission about their potential ideas, followed by…

Syntropy (NOIA) price rallies 65% after announcing SpaceX partnership

In the frenzy of a bull market where new projects are popping up daily and social media users scour their feeds to try and catch the next moon coin before it pumps and dumps, it can be a challenge to find projects with long term viability that also have significant upside potential.  One token that has undergone several significant price breakouts in 2021 is Syntropy (NOIA), a project focused on transforming the public internet into a secure, user-focused platform with built-in encryption and other performance-enhancing features. NOIA/USDT 4-hour chart. Source:…

German stock exchanges will delist Coinbase shares, citing ‘missing reference data’

The Deutsche Boerse Group has said it will delist Coinbase’s stock listing on its Xetra digital stock exchange as well as the Frankfurt Stock Exchange. According to Reuters, Deutsche Boerse said it would delist Coinbase Global from the two exchanges due to “missing reference data” for the shares. The group said someone involved in listing the Coinbase shares used an incorrect Legal Entity Identifier, or LEI, code. The code is a regulatory requirement for any companies participating in financial transactions. Unless Coinbase or Deutsche Boerse takes action, the stock will…

Injective Raises $10 Million for Robinhood Alternative

Share this article Decentralized derivatives trading platform Injective Protocol has raised $10 million in its latest round of funding. Injective Raises $10 Million Injective Protocol has raised $10 million from some of crypto’s most well-known venture capital firms, bringing its overall valuation above $1 billion. This round included contributions from Pantera Capital, BlockTower, Hashed, Cadenza Ventures, CMS, and QCP Capital. Shark Tank host and Dallas Mavericks owner Mark Cuban, well-known for being a DeFi bull, also invested in the project. By raising this money while giving up little equity, Injective…

Norwegian authorities urge crypto users to declare earnings on upcoming return

The Norwegian Tax Administration has issued a warning to crypto traders in advance of the April 30 deadline to file tax returns. According to a notice from the Norwegian Tax Administration, or NTA, today, the government agency advised all taxpayers who owned or sold crypto in 2020 to enter it in their returns or “risk paying additional tax.” The NTA said roughly 2% of cryptocurrency holders declared what tokens they owned or earned in 2019, less than 4,700 people out of an estimated 235,000. “We think a lot of the…

Bitcoin Rests After Drop, Tests Buy-the-Dip Narrative

Key Takeaways On-chain indicators point to buy-the-dip action from high volume investors during Bitcoin’s weekend dip. However, there appears to be considerable resistance to bulls from a technical and fundamental point of view. Mainstream adoption, combined with institutional inflows, could help Bitcoin prices stay strong. Share this article The cryptocurrency market has resumed its rally after a weekend shakeout that saw more than $10 billion in liquidations. More patient traders are testing the validity of buy-the-dip action.  Various Factors Influenced Crash As the drop comes after 1000% gains in one…

PancakeSwap eclipses Ethereum network in 24-hour transactions

PancakeSwap, a syrupy rabbit-themed decentralized exchange that calls the Binance Smart Chain its home, has surpassed the entire Ethereum network in terms of transaction volume over a 24-hour period. Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of them occurring over the same 24-hour stretch. The top five contributors were PancakeSwap, Mdex, Safemoon, PancakeBunny and Venus Protocol, Binance Chain Community confirmed earlier this week. Top 5…