The post New Horizons in DeFi: RCO Finance Secures $250K Investment to Expand Its Innovative DeFi Card Services appeared first on Coinpedia Fintech News Imagine paying for your morning coffee with the cryptocurrency gains you made overnight. RCO Finance, a DeFi trading platform, is making this a reality by securing a $250,000 investment to further develop its cutting-edge DeFi card services.  This development reflects our commitment to empowering our trading community with the necessary tools.  What are DeFi Card Services? DeFi (decentralized finance) card services connect everyday ..read more

The post 7 Best Free Cryptocurrency Cloud Mining Platforms in 2024 – Daily Payouts appeared first on Coinpedia Fintech News The ever-evolving landscape of cryptocurrency has seen the rise of cloud mining as a popular method for individuals to participate in mining activities. Cloud mining eliminates the need for users to manage their own hardware or possess in-depth technical knowledge. As 2024 unfolds, the search for reliable cloud mining platforms intensifies, prompting a closer look at the leading contenders in this space. This article presents a comparative analysis of the top 7 cryptocur ..read more

The post K33 Reports : The SEC Continues To Go After Crypto, SEC’s Next Target appeared first on Coinpedia Fintech News The SEC’s pursuit of regulatory action in the crypto space continues as it shifts focus to ConsenSys, following recent actions against platforms like Robinhood and Uniswap. However, the crypto community is now speculating about who the SEC will target next in its regulatory efforts. This trend highlights growing concerns within the crypto space about regulatory oversight and its potential impact on key industry players Crypto Firms On SEC’s Radar K33 reports reveal that Robi ..read more

The post Top Five Layer 1 Chains Vs. Top Five Layer 2 Chains: A Comparative Analysis  appeared first on Coinpedia Fintech News Blockchain technology has evolved rapidly, with Layer 1 and Layer 2 chains offering distinct benefits. Layer 1 chains like Bitcoin and Ethereum are foundational, providing strong security and decentralisation. On the other hand, Layer 2 chains like Polygon focus on scalability, enabling faster and cheaper transactions. This article explores the top five Layer 1 chains and the top five Layer 2 chains, comparing their features. 1. Difference B/W Layer 1 & Layer ..read more

The post Bittensor TAO Is Bullish Despite AI Crypto Wave, Traders Alert appeared first on Coinpedia Fintech News Despite the AI crypto marker surge Bittensor(TAO), the 4th largest AI coin by marketcap is struggling to rebound. TAO’s performance in a weekly chart is neutral but it is plummeted to 35.2% in a month frame.  TAO’s performance at the start of May was bullish with a 48% increase to a resistance of $487  in just 6 days. But the bulls couldn’t holland long and the price dipped to $391, at the time of writing.  The price rallied down breaking all major support zones with ..read more

The post Shiba Inu Witnesses 15% Drop In Large Transactions appeared first on Coinpedia Fintech News The on-chain metrics have revealed a 15% decrease in large Shiba Inu transactions. This will have an impact on the token’s market dynamics and its future price trajectory. The metric also shows a slight 0.32% increase indicating a marginal rise in new addresses created on the SHIB network. In the Money metric, a neutral 0.30% represents addresses currently in profits. The neutrality depicts bullish and bearish sentiment. The significant 15.66% drop in large transactions over $100,000 signals r ..read more

The post 75% of Ethereum’s Addresses Make Money While Only 13% Are Active appeared first on Coinpedia Fintech News A substantial 75.82% of Ethereum addresses are “In the Money,” showing profits at the current price, with 88 million addresses benefiting. Conversely, 19.89% or 23.08 million addresses are “Out of the Money,” indicating losses if assets were sold now. However, active address analysis reveals that only 13.14% are profitable, 21.87% face losses, and a large majority of 65% are breaking even, indicating recent entries at current price levels. This suggests that while long-term holder ..read more

The post Coinbase’s Stand With Crypto Initiative Sparks PAC to Drive Pro-Crypto Agenda appeared first on Coinpedia Fintech News Crypto enthusiasts, listen up! Stand With Crypto, backed by Coinbase and boasting a whopping 440,000 members, is kicking things into high gear with a new Political Action Committee (PAC). Their goal? To rally behind politicians who’ve got crypto’s back in the upcoming U.S. elections. Raising Funds for Crypto-Friendly Politicians This PAC means business when it comes to supporting candidates who are all in for crypto and blockchain. Every penny raised will go towards ..read more

The post Charles Hoskinson Criticizes Biden’s Crypto Policy, Urges ‘Vote Crypto’ appeared first on Coinpedia Fintech News Cardano’s Charles Hoskinson criticizes Biden’s stance on crypto. He has called the idea of regulating crypto under the Securities Act of 1933 “an absurd statement” and has warned that due to the stringent crypto regulations, the US might lose all its cryptography experts and its rivals could weaponize them against the US. He also emphasized voting ‘For Crypto’ this election, where Donald Trump expressed his comfort for crypto and announced in his campaign of accepting cryp ..read more

The post Elon Musk’s New Announcement On Tesla Sparks Excitement appeared first on Coinpedia Fintech News Elon Musk’s announcement has created a buzz and excitement with his new announcement. He has created a new Tesla community on X, ‘Supercharger Community’ which has 10 members so far along with Musk, and any new candidate would require approval before they join the community. It is most likely created for Tesla users to hold discussions related to their Electric automobiles. Elon also published a tweet on X announcing a new update where users can upload long-form videos- movies, TV series ..read more