Everyone in the cryptocurrency world is talking about DeFi! The Klondike fever in the world of decentralized finance intensifies. On Wednesday, September 16th, Uniswap launched its governance token UNI. Uniswap is a decentralized protocol for automated liquidity provision on Ethereum, according to public info on its website. While last week most...
Interest in cryptocurrencies is constantly increasing. In August, the trading volumes on crypto exchanges went up by 75%, according to data by The Block. Last month, the spot crypto trading volume reached $191.2 billion. In July, this figure was $109.3 billion: Source: The Block One of the reasons behind the growing interest in cryptocurrencies...
On-chain data/chart provider for investors CryptoQuant has tried to explain the recent solid and rapid price decline in the cryptocurrency market as triggered by massive Bitcoin outflows from the mining pools: Source: Twitter According to CryptoQuant's data, three mining pools (Poolin, Slush, and HaoBTC) withdrew 1,630 BTC on Wednesday, Septemb...
President of Fidelity Investments Corporation Peter Jubber has filed paperwork with the US Securities and Exchange Commission (SEC) to be able to launch a new Bitcoin investment fund, according to Forbes. The fund is called Wise Origin Bitcoin Index Fund and it was established earlier this year. Its office is located in the same building as Fide...
During a recent podcast, prominent Bitcoin maximalist and Chief Strategy Officer at Blockstream Samson Mow and Ethereum creator Vitalik Buterin concluded that in the long run, many cryptocurrencies will prosper and Bitcoin will not be the only winner. However, a large number of cryptocurrencies that fundamentally don't have a minimum viable prod...
The well-known Bitcoin bull and host of "Keiser Report" Max Keiser posted a tweet in which he outlined that Bitcoin is superior to gold as hard money: Source: Twitter Moreover, the cryptocurrency advocate thinks that gold bugs will start to panic-buy BTC once it hits $50,000: Source: Twitter Keiser is not the only one who believes that Bitcoin...
Grayscale Investment Trust has revealed that there is an increased institutional interest in cryptocurrency. According to a recently published tweet, Grayscale's assets under management, invested in major cryptocurrencies, have reached $5.6 billion: Source: Twitter As a comparison, Grayscale had $2.2 billion invested in cryptocurrency in the fi...
On July 29th, Pantera Capital, one of the leading investment firms and hedge funds focused on cryptocurrencies, released a letter to its investors, saying that "the United States printed more money in June than in the first two centuries after its founding. Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurr...
Recent news about Ethereum was among the key events in the cryptocurrency market last week. On July 23rd, Danny Ryan posted an update about the long-awaited and highly ambitious ETH 2.0 upgrade. According to the post, the Medalla multi-client testnet will launch on August 4th. It is considered to be a final test before the mainnet launch of the ...
Billionaire and CEO of Tesla and SpaceX Elon Musk wrote on Twitter that it is inevitable that the Dogecoin cryptocurrency (DOGE) will take over the global financial system: Source: Twitter After the tweet was published, the price of DOGE increased by almost 17% — from $0.003 to $0.0035. However, most people in the crypto community think that Mu...