Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Lif3 Partners with BitGo for Enhanced DeFi Security

Lif3 Partners with BitGo: A New Era for DeFi Security The landscape of decentralized finance (DeFi) is continuously evolving, and the recent announcement from Lif3 marks a pivotal moment in this journey. March 13, 2024, saw Lif3, a multi-chain DeFi Layer 1 ecosystem operating on Ethereum, Polygon, BNB Chain, and Fantom, unveil its strategic partnership with BitGo, a leading custodian in the digital asset space. This collaboration is not merely a business transaction; it signifies a commitment to enhancing security and democratizing access to blockchain technologies for users across the globe. Enhancing Security with Multi-Signature Technology Lif3's integration with BitGo's pioneering multi-signature technology introduces a layer of security that is essential for custodial transactions. This advancement is crucial for: Cold Storage of Tokens : Lif3 tokens, LSHARE tokens, and L3USD will benefit from BitGo's robust cold storage solutions. User Trust : The partnershi...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin and Ethereum Price Fluctuations: A Closer Look

The fervor surrounding Bitcoin took a notable nosedive on Friday, a mere day after the inception of the inaugural spot Bitcoin ETFs commenced trading in the United States. It seemed that crypto traders opted to sell the news, causing the value of the primary cryptocurrency to plummet after a string of recent gains. Bitcoin experienced a substantial 6% drop late Friday morning, hitting a low of $43,413 according to data from CoinGecko. Nevertheless, it is currently on the upswing, with a current price of $43,547 at the time of this composition. Despite nearing $49,000 on Thursday for the first time since 2021 with the advent of the initial spot ETFs in the U.S., the momentum was short-lived, and the price steadily declined overnight before sharply falling in the subsequent hours.

Bitcoin's Precarious Position:

  • Over $90 million worth of Bitcoin positions liquidated in the last 24 hours, per data from CoinGlass.
  • Long positions accounted for $76 million of the liquidations, with over $14 million in shorts.
  • Nearly $30 million in long liquidations occurred in the past hour as Bitcoin's decline hastened.

Ethereum's Contrary Course:

Interestingly, Ethereum has charted a contrasting trajectory, predominantly ascending this week as crypto investors contemplate the prospective launch of spot Ethereum ETFs in the United States. BlackRock CEO Larry Fink articulated to CNBC on Friday that he perceives value in such offerings. The financial behemoth had filed for a spot Ethereum ETF in the U.S. back in November. Ethereum has surged by nearly 19% this week, nearly breaching the $2,700 mark on Friday morning for the first time since April 2022. Furthermore, Ethereum scaling networks Arbitrum and Optimism reached record-high token prices earlier on Friday.

Email Post

Comments

Post a Comment

Trending Stories