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DeFi wallets provide users with a gateway into the world of decentralized finance; the only caveat is finding the one that best supports a user's financial goals. Which wallets are worth considering? The SafePal wallet is designed to address simplicity with a consolidated dashboard and cross-chain swapping features to support users with staking, amongst other earning opportunities. SafePal is providing users with a solution that operates as a completely non-custodial decentralized crypto asset management platform. The solution comprises a software and hardware wallet for users both simply and conveniently, targeting users who are still reluctant to participate in DeFi. The SafePal wallet is designed with a simplified dashboard that guides users to a series of DeFi pools without having to navigate through an overwhelming amount of DApps, prior to staking. Alongside staking are the platform’s features for auto-compounding in SafePal Earn, which will give users an additional opp...

Large-volume trader moves point to concerns that a fresh Bitcoin price dip could still occur. Bitcoin ( BTC ) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highlighting its exchange whale ratio metric, CryptoQuant deduced that major Bitcoin investors were taking no chances when it comes to short-term price action. Exchange whale ratio measures the size of the largest inflows and outflows from exchanges relative to total inflows and outflows. Before Saturday's dip to $41,900, the metric spiked above the peak 0.95 level — and as of Monday, is back in the same territory. "Whales are still depositing BTC to exchanges. Exchange Whale Ratio reached over 95% again," CryptoQuant commented. "Taker Buy Sell Ratio still r...

Indian banks have reportedly been slow to accept the Supreme Court’s decision allowing them to do business with crypto firms. Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, per a report published in the  Economic Times .  The banking giant announced it has partnered with the leading crypto exchange WazirX, which would allow traders to use the banking services to liquidate their funds. The partnership between the two parties is being seen as a major breakthrough for the crypto community, given Indian banks have frozen crypto payments and withdrawals for the past eight months. “WazirX has opened an account with Kotak which can be used to receive and pay money to investors trading on the exchange. The account is yet to become operational. Paperwork, KYC, and some testing are on,” said one of the people familiar with the matter. Private banks in India have refused to do business with crypto platforms citing a la...

Launched in April 2020, Stacked is a web-based app allowing users to access trading strategies via pre-built stacks. Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried , has led a $35 million investment in the automated crypto trading app Stacked. On Dec. 9, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and Mirana Ventures, a venture partner of Bybit exchange and BitDAO. The new funding will reportedly help Stacked grow its 40-person team to over 100 employees in 2022 and continue scaling its suite crypto portfolios and automated lending products. According to Alameda Research Ventures’ partner Brian Lee, Alameda started investing in Stacked over a year ago and is now sure about their ability to provide a “unique and simple investment experience for retail investors.” “The ability to give users some guardrails when building a portfolio, while also allowing that user to custody ...

Over the weekend, hackers made away with nearly $200 million in 20 different tokens. Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Dec. 5, crypto exchange BitMart became victim to a hot wallet compromise hosted over the Ethereum ( ETH ) and Binance Smart Chain (BSC) blockchains. As a result, the hackers were able to steal over $196 million, roughly $100 million over the Ethernet network and around $96 million over the BSC blockchain. 1/3 We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of approximately USD 150 millions. — Sheldon Xia (@sheldonbitmart) December 5, 2021 Soon after BitMart CEO Sheldon Xia confirmed the hack, Huobi ann...

Bitcoin has not died for the 500th time, but market fear could easily convince you otherwise as analysts predict a slow return to higher levels. Bitcoin ( BTC ) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, first of which is $50,000. As a sense of déjà vu pervades markets, analysts are coming to terms with the fact that the end of Q4 2021 will likely not produce the blow-off top that they had anticipated. There is also concern that another, deeper, BTC price floor may have to enter before a genuine recovery takes place. What could happen in the last few weeks of the year? Cointelegraph takes a look at five factors on everyone’s radar for the coming week. Ranging into "bullish" Q1 2022? After nearing $50,000 earlier this weekend, BTC/USD is now back around $48,000 — still down 16% in a week. Against all-time highs of $69,000,...

BSC-based projects will get a chance to gain insight from Animoca Brands and assistance from the BSC community. Binance Smart Chain (BSC) and Animoca Brands are launching a $200 million investment program to incubate early cryptocurrency-focused gaming projects building on BSC. BSC and Animonica announced Dec. 6 that they are co-investing up to $100 million each to support game projects in the GameFi sector. One of the largest blockchain ecosystems, BSC will be investing from its $1 billion accelerator arm for decentralized finance (DeFi), nonfungible tokens (NFT) and GameFi. The fund was set up earlier this year to extend BSC ecosystem services and drive mainstream adoption across the fintech sector. Animoca Brands is a major player in blockchain gaming and the open metaverse, working on providing property rights via NFTs and gaming. The firm has invested in major NFT-related projects including Axie Infinity, OpenSea, Bitski, Harmony and others. “With this co-investment, projec...