BITCOIN

Aerdt Houben, Director of Financial Markets for the Dutch Central Bank (DNB), has talked about the value gold could have in a financial collapse scenario. As the bank has been recently increasing its gold holdings, Houben stated that due to its properties, gold might serve as a hedge in the case of a worldwide economic disaster. DNB Acknowledges Gold’s Importance for Central Banks Aerdt Houben, Director of Financial Markets for the Dutch Central Bank (DNB), has talked about the rise in gold holdings of the bank and how he believes that gold can be used as a backstop in the case of a financial collapse scenario. In a recent interview, Houben acknowledged that the Netherlands has recently increased its gold holdings, as have other European central banks. Houben explained that the central bank currently holds 612 tonnes of gold, worth around 35 billion euros ($38.2 billion), and that these holdings were diversified, with the bullion being located in the Federal Reserve, London, Canada...

According to Kronos Research, the crypto trading firm lost assets worth $26 million on Nov. 18 after an unknown party illegally accessed its application programming interface (API). Kronos Research claimed the losses associated with the unauthorized API access do not constitute “a significant portion” of its equity. Breach Does Not Affect Kronos’ Financial Standing On Nov. 18, Kronos Research, a crypto trading firm, revealed that an unknown party had illegally accessed some of its application programming interface (API) prompting it to pause all trading. Kronos Research claimed in a statement shared via X (formerly Twitter) that the value of the stolen funds does not constitute “a significant portion of our equity.” While the crypto firm did not initially disclose the value of the stolen assets, Zachxbt — an online crypto theft investigator — suggested that the cybercriminals had siphoned more than 12,800 ether ( ETH ) worth more than $20.3 million. However, in a later update a...

Since October 18, 2023, the aggregate value locked in decentralized finance (defi) has witnessed a substantial augmentation of $9.3 billion within a one-month span. Among the leading ten defi protocols, Rocket Pool, known for its liquid staking services, achieved the most notable growth, soaring by 26.94% during the preceding 30 days. Defi TVL Swells by More Than 25% Since October 18 Approximately 32 days ago, the total value locked (TVL) in decentralized finance (defi) stood at about $36.38 billion, escalating by $9.3 billion to the present figure of $45.68 billion . This reflects a notable growth of approximately 25.56% in the past month. Data reveals that each of the top ten defi protocols by TVL experienced growth in the last month, with Rocket Pool leading the pack by surging 26.94%. As of November 19, 2023, Rocket Pool’s TVL surpasses $2 billion, with over 1.02 million ether committed to its liquid staking platform. At the forefront of the defi domain this weekend is Lido, w...