NFT News by Thebittimes.Com

The crypto ecosystem is composed of both centralized and decentralized finance, two segments that offer various financial products and services. This guide will compare CeFi vs. DeFi and highlights their respective opportunities and drawbacks. What is Centralized Finance (CeFi)? On the surface, centralized finance (CeFi) is similar to traditional finance (TradFi) since a user deals with trusted intermediaries. However, the two aren’t the same.  TradFi consists of legacy institutions that have existed for centuries and are about to venture into the digital asset space, while CeFi refers to digital asset companies that offer crypto-related products and services .  Among CeFi platforms, there are centralized crypto exchanges (CEXs), crypto lending companies, and digital currency payment providers. They provide custodial hot wallets to their users. That means the platforms actually hold the private keys of their users’ wallets and are, therefore, in...

Matter Labs, the team behind the Ethereum layer two (L2) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept called “Opportunity” in the first quarter of 2023. The team says that the prototype of L3 will be built on top of L2 and developers and Zksync users can “research and experiment with it.” Matter Labs Discusses Roadmap’s Baby Alpha Milestone and L3 Proof of Concept On Oct. 28, Shazia from the Matter Labs team announced that the Zksync developers have reached the roadmap&#x2019 ;s Baby Alpha Milestone. Developers note that the team has begun the march to Fair Onboarding Alpha and Full Launch Alpha. Zksync is an Ethereum L2 scaling solution similar to the project&#x2019 ;s competitors Optimism, Arbitrum, Polygon Hermez, and Loopring. The Baby Alpha Milestone marks the “deployment of the end-to-end system to mainnet,” Shazia detailed. With the Baby Alpha Milestone, Zksync devs plan to ...

Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to start the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%. Bitcoin Bitcoin (BTC) rebounded from Friday’s sell-off in today’s session, as the token moved closer to a breakout of $21,000. Following yesterday’s low of $20,132.50, BTC/USD surged to an intraday high of $20,988.39 to start the weekend. Today’s move sees the world’s largest cryptocurrency hover close to its highest level in nearly six weeks. BTC/USD – Daily Chart As a result of today’s move, the 14-day relative strength index (RSI) is now nearing a ceiling of its own. Price strength has already failed to break out of the aforementioned resistance of 66.00 earlier this week, however bulls seem set on retesting this point. Should a breakout occur, ...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has dropped by 2% over the past 24 hours. At the time of writing, Bitcoin was trading at $20,156. Bitcoin made a notable bullish rally over the past 24 hours, but the momentum seems to be weakening over the past few days. Nevertheless, some factors could see Bitcoin exploding higher in the coming months. Bitcoin price set to explode higher Bitcoin has traded between $20,095 and $20,718 during the past 24 hours, showing that the coin is experiencing high volatility. During the past 24 hours, the bullish trend across the cryptocurrency market has faded, but the metric remains above $1 trillion. Bitcoin’s trading volumes during the past 24 hours stand at $39 billion, which is a healthy volume, as it shows that the token is still attracting much attention from traders. On the other hand, sellers seem to be taking control of the market, showing that the massive volumes could be coming from the sell...

The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in cryptocurrencies, the number of devices offering automated teller services for digital assets is increasing, the Russian business daily Kommersant noted in article. Several dozen bitcoin ATMs (BATMs) are now operating across the country, despite the lack of clarity in terms of regulation. Moscow has taken the lead when it comes to new installations. Quoting one of the companies behind them, Rusbit, the newspaper revealed that 14 new ‘cryptomats’ have appeared in the capital city this year, bringing the total across the Russian Federation to 52 units. Given Russia’s territory and population, that...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Cardano’s native token, ADA, is one of the market’s most popular coins. The digital asset has seen some gains in the past few days, with crypto analysts optimistic about further surges in the future. How high can ADA go?   ADA Price Action   ADA currently trades at $0.3824, a downtrend of 1.36% in the past 24 hours. However, the digital asset's price pumped by 14% over the past week. The crypto market experienced a significant price resurgence earlier this week, with many major coins crossing resistance points. As a large-cap coin, ADA also experienced a price bump.  With its current price, ADA has mixed technicals. The crypto asset is trading above its short-term moving average(MA) indicators, but it is trading above its 100-day and 200-day MA metrics - at $0.38 and $0.39.  ADA...

Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) collection that consists of 9,666 unique bats designed by the legendary rocker, Ozzy and his wife Sharon Osbourne announced Ozzfest is coming to the metaverse. This annual hard rock music festival will take place in Decentraland from November 10-13, located on various stages in the virtual metaverse land. Ozzfest to Take Place in the Metaverse via Decentraland According to an announcement revealed on Tuesday, Ozzy Osbourne is bringing Ozzfest to the metaverse. The announcement sent to Bitcoin.com News explains that the popular hard rock and metal festival will host a line-up of over 100 acts including virtual performances by Ozzy Osbourne, Motorhead, and Black Label Society. The event is being dubbed “the first metal and rock music festival to enter the metaverse,” and it will be the first Ozzfest performance since 2018. Ozzfest was founded by Osbourne, his wife Sharon, and his son Jack in 1996 and the Ozzfes...