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“# DeFi giant Aave hits a new high at $520, TVL rises to $4.96 billion ” Aave (AAVE) price has increased by 76% since the beginning of February and today the DeFi-token hit a new all-time high of $520. Currently Aave is the second-ranked DeFi platform by total value locked (TVL) and the protocol continues…
“# US Library of Congress report highlights proof-of-stake tax blindspot ” Republican Representative Tom Emmer has called for more precise tax guidelines regarding cryptocurrency earnings, after a report he commissioned from the Law Library of Congress showed a stark disparity between regulatory approaches taken by various tax authorities around the world. The 128-page study examined…
“# Binance Coin hits all-time highs as BNB surpasses Bitcoin Cash by market cap ” Binance Coin (BNB), the in-house token of cryptocurrency exchange Binance, saw its price hit a new all-time high this week, passing Bitcoin Cash (BCH) by market cap. BNB/USD 1-week candle chart (Binance). Source: TradingView BNB, Binance volume hit records Data…
“# SUSHI price surges 73% in four days: Why investors say it’s still undervalued ” SUSHI, the native token of SushiSwap, rallied by 73% in the past four days. However, some investors believe the DeFi token may still have a lot more room to run. SushiSwap is an automated market maker (AMM) that allows users…
“# Bitcoin’s Musk effect: Research shows how Elon moves cryptocurrency prices ” The effect of celebrity tweets on the cryptocurrency market has become a topic of study for researchers after a week in which Elon Musk triggered sizable price surges for both Bitcoin (BTC) and Dogecoin (DOGE). Blockchain Research Lab published a paper on Jan….
“# Total crypto market cap hits new all-time high of $1.13 trillion ” The combined value of all cryptocurrencies broke a new record of close to $1.139 trillion at 8:50 a.m. UTC on Feb. 4 . While long-term analysts often eye Bitcoin’s solo chances of eating into gold’s total market cap, the combined value of all…
“# ‘Ur welcome’ — DOGE soars after Elon Musk returns to Twitter… to shill Dogecoin ” Meme-based cryptocurrency Dogecoin (DOGE) gained 25% in minutes on Feb. 4 after a fresh endorsement from the world’s richest man. DOGE/USD 1-minute candle chart (Bittrex). Source: TradingView DOGE in new “Elon pump” Data from Cointelegraph Markets and TradingView showed…
“# DeFi users flock to Flamingo (FLM) to escape high Ethereum gas fees ” Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations. Average…
“# Altcoins and DeFi tokens rally as Ethereum price hits $1,650 ” Sentiment throughout the cryptocurrency sector continues to improve as Ether (ETH) price ventured into uncharted territory and notched a new all-time high of $1,653 on Feb. 3. Meanwhile, Bitcoin (BTC) bulls appear to have their eyes set on the $40,000 mark and according…
“# Price analysis 2/3: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM ” Bitcoin’s (BTC) stellar run in the latter half of 2020 and MicroStrategy’s purchase of the digital asset appears to have attracted attention from several publicly listed companies in the United States. However, the lack of regulatory clarity could have deterred…