The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions […]
Spot Bitcoin ETFs Snap Outflow Trend With $28.72M Inflows; Ether ETFs Falter
According to the latest data, spot bitcoin exchange-traded funds (ETFs) broke an eight-day outflow streak on Monday, scooping up $ 28.72 million in fresh investments. Meanwhile, things didn’t look as bright for the nine spot ether ETFs, which saw outflows of $ 5.2 million during the trading session. Bitcoin ETFs Recover $ …
Tensions in Israel Reverberate Globally — US Equities, Cryptos Falter Amid Mideast Conflict; Oil and Metals Capitalize
Markets faced turbulence on Monday as all four major U.S. indices took a downward turn, influenced by the Israel-Hamas conflict which escalated into an outright war over the weekend. The crypto economy experienced a 1.8% dip against the U.S. dollar on the same day. Meanwhile, the onset of the Middle Eastern conflict spurred a surge […]