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“# DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) price higher ” A new report by CoinShares suggests Bitcoin (BTC) has garnered 97% of the total crypto inflows in 2021. The recent correction in Bitcoin price does not seem to have deterred crypto investors as CoinShares data shows a record $1.3 billion in crypto…
“# Digital Currency Group’s crypto mining arm enters top 10 global mining pools ” Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break…
“# 3 reasons why Ethereum price is still on track to top $2,000 ” After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin…
“# Russian court order removes Binance website from regulator’s blacklist ” The website of the world’s largest cryptocurrency exchange, Binance, is no longer formally blacklisted in Russia, according to a new court ruling. According to a Jan. 21 report by Russian news agency Kommersant, the Arkhangelsk Regional Court has annulled a previous decision to blacklist…
“# Pro traders go short as overbought derivatives propel Ethereum’s new high ” Ether’s (ETH) performance over the past week has been nothing short of exceptional. The price rallied from a $905 low on Jan. 11 to a new all-time high at $1,440 on Jan. 19. According to Cointelegraph, the main reasons fueling this move…
“# Binance Coin (BNB) hits a new all-time high one day before its token burn ” Over the past 6 months, Binance Coin (BNB) has been quietly rallying higher, gaining 189% during this period and notching a new all-time high at $46.90 on Jan. 18. This price peak happened just one day before its quarterly…
“# Gnosis receives $2.3B Ethereum in a day, now 3rd largest ETH holder with 2.2% of supply ” Decentralized finance platform Gnosis is now the third-largest holder of the Ether (ETH) coin supply. Gnosis’ multisignature storage safe received a deposit of 1,500,000 ETH on Thursday — worth over $1.7 billion at the time of the transaction. Although…
“# EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’ ” Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to…
“# Binance and Orbs sponsor new accelerator for DeFi startups ” Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance, announced Monday the launch of a new accelerator for the DeFi ecosystem. Named DeFi.org, the accelerator focuses on supporting research and development of open-source software and community development in the DeFi…
“# Top crypto mergers and acquisitions of 2020 ” The blockchain industry shrugged off the craziness of the 2020 pandemic, with many companies thriving in the “remote” working environments brought about by COVID-19. Almost $700 million in mergers and acquisitions took place in 2020 across 83 transactions. That’s the largest number ever and a sizeable…