Press Releases Daily TheBitTimes.com

Despite crypto’s repeated claims of decentralized finance, most protocols are quite centralized. Most decentralized finance (DeFi) protocols are technically controlled by a small number of smart contracts whose keys are held by one person or a tiny group of insiders. These insiders usually decide which issues are put up for community vote; they also implement the smart contract changes that result from votes. The vast majority of utility for most ostensibly decentralized protocols relies on stablecoins, most of which are controlled by corporate executives. Proponents of DeFi often claim that they operate in a permissionless, decentralized manner. However, most haven’t progressed much beyond centralized management. Likewise, most would lose their value if their primary stablecoin de-pegged from $1. As an obvious example, most stablecoins’ issuers can — and do — freeze certain tokens at law enforcement’s request. Basically, there’s nothing permissionless nor d...

Investors who have dollar-cost-averaged into Bitcoin over time are profitable regardless of when they began implementing the strategy. The weighted average cost of purchased Bitcoin recently reached a level signifying that all investors who have consistently dollar -cost average d into Bitcoin (BTC) are now in the black, regardless of how long they have been holding. Just a reminder that every single pleb who has been dollar cost averaging #bitcoin is now in profit no matter when they first started DCA'ing. Every single one of them! pic.twitter.com/pnuIqdQznM — Wicked (@w_s_bitcoin) July 3, 2023 This news comes despite the price of Bitcoin as measured in US dollar s still being down by over 50% from its all-time high of around $69,000. And yet, many financial pundits in the space still cling to the notion of Bitcoin’s entire existence and market cap of nearly $600 billion being based on a Ponzi Scheme of some sort. Others continue to deny that saving in the hardest form o...

The Yearn. finance (YFI) price prediction sees a 5.25% price increase as the cryptocurrency touches $8,018 resistance. Yearn.finance Prediction Statistics Data: finance price now – $7,864.3 finance market cap – $285.3 million finance circulating supply – 36.6 million finance total supply – 36.6 million finance Coinmarketcap ranking – #106 YFI/USD Market Key Levels: Resistance levels: $10,000, $11,000, $12,000 Support levels: $6,000, $5,000, $4,000 YFIUSD – Daily Chart YFI/USD gains a 5.25% price rise over the past 24 hours of trading as the cryptocurrency bounced from $7,153 to the $8,018 resistance level. The Yearn. finance may face the upside if the red line of the 9-day MA remains above the green line of the 21-day MA. At the time of writing, the movement is shifting back into the bullish favor, with the technical indicator Relative Strength Index (14) moving to cross above the 50-level. Yearn.finance Price Prediction: Yearn.financ...

Syrup finance Overview, Syrup is a fully decentralized spot and perpetual exchange that runs on Binance Smart Chain.  A fully decentralized spot and perpetual exchange that allows users to open long and short positions with up to 100x leverage (scalable depending on available liquidity) without registering or relinquishing custody of their assets. And now its Syrup finance Overview. Syrup’s ecosystem revolves around expansion and decentralization. Everything is public for anyone to see and verify, with the ultimate goal of it becoming a one-stop shop consisting of advanced trading tools and instruments accessible to any type of trader, whether pro or novice. Why BSC? BSC ranks high when it comes to Total Value Locked and Daily Trading Volume and offers very low transaction fees, which makes it an ideal platform Syrup’s humble beginnings. Despite the number of users, however, there is a noticeable absence of options and derivatives exchanges on BSC. BSC may be the first, but...