Coinbase is also expanding the app’s capabilities by adding four new tabs to its mobile version. The new tabs are “Assets”, “Trade”, “Pay” and “For You”.
While the ban still prevails, crypto users in China can, however, access the sites via virtual private networks or VPN.
The regulatory climate in Asia has been heated up in recent times with South Korea, and China dishing out rules that have forced crypto trading platforms to shift their operational base from the nations.
PERP and DYDX are the two DeFi tokens leading the current boom in the crypto market. PERP token has recorded a 55% gain in the last 24 hours, taking its trading price to $17, according to data from Messari.
Should Andresen’s prediction materialize in 40 years, Bitcoin will have gained approximately 13,636.36%.
Citibank is looking to expand its digital footprint in the region and said that it will employ 1000 coders over the next decade.
The new funding will help Cardano expand its footprint in the rapidly emerging DeFi and NFT market. The funding comes just at a time when Cardano implemented the smart contract functionality through Alonzo hardfork.
On Friday, the Chinese Central Bank declared cryptocurrency activities illegal in the country and vowed to crack down on all cryptocurrency activities within its boundaries yet again.
These changes have been associated with speculations over another crackdown on the Chinese crypto market by the government authorities.
The large adoption of the Chivo wallet by the people of El Salvador is partially thanks to the $30 worth of Bitcoin that the government airdropped to every account holder.
The Worthpad ecosystem is building out its platform to serve as a one-stop shop for all things DeFi.
Apart from the ban on mining, China has extended its crackdown to cover all information and financial services related to crypto.
While the centralized exchanges are the very first point of entry for new users who want to gain exposure to the digital currency space, the Bitfinex Layer-2 bridge will help enhance the usability and growth of DeFi through its simple-to-use platform.
Besides digital currencies that are currency plunging in today’s trading sessions, cryptocurrency-related stocks are also taking the heat.
Soon after Twitter’s announcement of adding the Bitcoin tipping feature to its platform, both Bitcoin and TWTR stock made sound gains on Thursday.