Ethereum Profitability Dumps To 2-Year Low As Price Corrects Below $2,000

Ethereum has been on a downtrend along with the rest of the crypto market. This has seen the value of the cryptocurrency plunged below $2,000 and efforts to recover above…

‘Now it’s time to buy more,’ reveals Deputy Dania Gonzalez

Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country’s experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation…

Binance Registers Legal Entity in Italy Amid European Move

Cryptocurrency exchange Binance has registered Binance Italy as a virtual asset service provider with Organismo Agenti e Mediatori (OAM), a regulatory agency in that country for managing the lists of…

DeFi Market Continues To See Red, Cardano’s Top Dapp Ranks 160th

The DeFi market continues to bleed as the total value locked (TVL) of the sector is down by 5.63% in the last 24 hours. The sector has been rocky even…

WEMIX gains 200%+ after stablecoin and boosted staking rewards announcement

Blockchain-based gaming, also known as GameFi, is an up-and-coming sector that could potentially be one of the primary catalysts for kickstarting the mass adoption of blockchain technology. WEMIX, a gaming…

Smart Money is betting big on Web3, layer 2, May 19-25

Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term…

DOT Rebounds Following Recent Losses, as RUNE Moves Toward Multi-Week Low

Following two consecutive sessions of declines, DOT saw its price rebound on Friday, as it moved away from a multi-week low. While DOT rose away from these lows, RUNE dropped,…

Hodler’s guide to travel: Which platforms accept cryptocurrency?

The global economy is becoming increasingly digital, and it’s no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now…

Russia Inches Closer To Crypto Adoption With Latest Move

Faced with financial sanctions amid the invasion of Ukraine, Russian authorities are intensifying efforts to bypass the restrictions using cryptocurrencies. Most recently, the country’s central bank proposed to allow stock…

Bitcoin Is Both Risk-on and Risk-off as It Evolves

www.financemagnates.com 1 h Reading time: ~4 m When it comes to bitcoin, there is some disagreement as to what its function is intended to be, or perhaps more accurately, what…