Crypto news

The Ethereum DeFi ecosystem has hit 2 million users. The number of unique Ethereum addresses that have interacted with Ethereum-based protocols, as shown in the chart below by Dune Analytics, has seen a sharp increase recently, with volume ramping up heavily within the last 2 months. Source: Dune AnalyticsRecord Users and Record Prices During this period, ETH has been hitting record highs, going from $738 at the start of the year to $2,637 right now. Today, the price also...

The extremely volatile nature of cryptocurrencies is one of the major reasons why many traditional investors are still hesitant to join the industry.  One minute, traders are basking in the euphoria of skyrocketing peaks, and the next they are scratching their heads wondering what happened. While there are no clear-cut indices to gouge crypto volatility, some of the reasons for it in traditional markets apply – including new developments and speculation. But new entrants in...

Bitcoin has been undergoing a serious correction as of late. The world’s number one digital asset by market cap has hit a new high of approximately $63,000 per unit, but since that day, it has lost about $8,000 off its price. Thus, the currency is now trading for just over $55,000, and companies such as JPMorgan are beginning to take notice. JPMorgan: We Need to See $60K Again Soon In a new report, JPMorgan appears to be rather bearish on bitcoin… again. To be fair, it...

Let’s get it straight, Defi has exploded in the last year and it is poised to grow exponentially in the near future. Last week Uniswap’s trading volume surpassed $10B, yes, $10B. There are a handful of well-known DEXs, and to trade in those, either, users have to use their own funds or transfer funds from lending platforms and transfer for trading. It is a time-consuming, laborious and expensive process to transfer from lending platforms to DEXs. Introducing Lever Lever...

Popular American billionaire investor and crypto enthusiast Mark Cuban has urged Ellen DeGeneres to integrate Dogecoin (DOGE) as a payment for her daytime television variety comedy talk show. DOGE Boosting Sales Speaking in a virtual interview today at the Ellen DeGeneres show, Mark Cuban, the owner of the NBA team – the Dallas Mavericks – said that people are quite fond of the latest payment method introduced by the organization. Ever since the Mavs started accepting DOGE...

Cardano, currently the sixth-largest cryptocurrency project by means of total market capitalization, has partnered up with the Ministry of Education of Ethiopia to work on a blockchain-based national ID system. Announced on Twitter, Cardano has entered into a partnership to create a blockchain-based national ID and attainment recording system. Touted as the “world’s largest blockchain deployment,” it should roll out to 5 million students in Africa. The thread also reveals...

[Press Release – New York, USA, 27th April, 2021] BENQI, an algorithmic liquidity protocol on Avalanche is proud to announce the raising of $6 million in funding from external investors and advisors. Thanks to this funding round, the lending and borrowing protocol on Avalanche will continue developing its services and features. The BENQI team successfully completed a $6 million funding round from various external investors and advisors, led by Ascensive. Participants include...

Bitcoin has become increasingly popular in Turkey. The number of Google queries for the primary cryptocurrency has gone through the roof following the latest developments coming from the country, including a ban on using cryptocurrencies as payment instruments. Turks Love Bitcoin Cryptocurrency-related activities have been on the rise within Turkey in the past several weeks or so. CryptoPotato reported previously that the nation would ban the usage of digital assets as...

[Press Release – San Francisco, CA, 27th April, 2021] Public Mint and Unmarshal have formed a strategic partnership that would see the full integration of the Public Mint blockchain on Unmarshal’s blockchain data platform, allowing seamless access to data for developers building applications that interface with Public Mint. Public Mint is the first fiat-native blockchain platform, focused on providing users with a seamless experience with blockchain-based payments while...

Mastercard continues its crypto-related efforts by partnering with the digital asset exchange Gemini to introduce an innovative crypto rewards credit card. Dubbed Gemini Credit Card, it already has over 100,000 people on its waitlist but should see the light of day in the summer. Crypto Rewards Credit Card From Gemini The crypto exchange founded and managed by the Winklevoss twins announced its latest product earlier today. Apart from including Mastercard, the company has...