cryptocurrency Archives

The Differences Between DeFi and Web3 Explained

by senitu | Apr 20, 2023 | Articles |

The emergence of DeFi and Web 3.0 represent a paradigm shift in the way we approach financial systems and the internet. They are gifts of blockchain technology focused on creating a more open, transparent, and decentralized ecosystem.

Factors Driving Demand for a Euro-Backed Stablecoin

by senitu | Mar 8, 2023 | Markets |

Stablecoins provide price stability to cryptocurrency investors and are typically backed by the United States dollar, the world’s primary reserve currency. Although there are less popular alternatives, many people may not be aware of them if they haven’t actively sought them out.

Ripple Survey: 97% of Payment Firms Believe in Crypto

by senitu | Mar 7, 2023 | News |

According to a recent survey co-hosted by Ripple, the primary obstacle to the adoption of crypto-based payments is the absence of regulatory clarity. Nonetheless, the survey revealed that the global payments industry is optimistic about the potential of blockchain and cryptocurrencies to facilitate quicker and less costly transactions.

Coinbase New Blockchain Considered ‘Massive Confidence Vote’ for Ethereum

by senitu | Mar 1, 2023 | News |

From all indications, the Ethereum community seems to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base. Members of the community have since described it a “massive confidence vote” and a “watershed moment” for the blockchain network.

Bitcoin Surpasses Visa in Market Cap for the Third Time

by senitu | Feb 23, 2023 | Markets, News |

Towards the end of last year, we all saw how the implosion of Sam Bankman-Fried’s FTX shaved $100 billion off of Bitcoin’s market cap in just four days. Well, there’s good news. Bitcoin (BTC) has successfully bounced back and added $65 billion to its market capitalization.

How Does DeFi Lending Work?

by senitu | Feb 20, 2023 | Articles |

It is no longer news that decentralized finance, or DeFi for short, is revolutionizing the cryptocurrency industry and the world of finance at large.

Senit Joins Newchip’s Global Series A Accelerator Programme

by senitu | Feb 15, 2023 | Corporate, News |

Senit App Ltd. is among the top applicants selected for Newchip’s online accelerator.

Ethereum Price Risks 20% Correction

by senitu | Feb 14, 2023 | Markets |

The SEC’s focus on regulating cryptocurrency staking may impact both the price of ETH and its user activity. A potential drop in user activity could coincide with a decrease in ETH price.