Monthly Archives: February 2021

XRP risks losing top-5 crypto status as Polkadot, Cardano market caps hit $21B

A second usurping of XRP by Polkadot leaves it perilously close to exiting the top five cryptocurrencies by market cap. XRP briefly lost its top-three altcoin position on Feb. 9 after newcomer Polkadot (DOT) overtook its market cap in an ongoing altcoin shake-up. Data from Cointelegraph Markets and CoinMarketCap confirms that XRP is now barely holding on to the fifth-largest cryptocurrency spot and could soon leave the top five altogether. Ripple gets flippled… a second time The new order among large cap altcoins comes as a new “altseason” […]

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Average Crypto Trading Fees 2020 – Cryptowisser Finds Industry Leaders Still Have Higher Fees

PRESS RELEASE. Cryptowisser, who operates the world’s largest crypto exchange list, has published the second installment of its quarterly empirical report on trading fees among cryptocurrency exchanges. The 2020 Q4 report analyzes 350 different exchanges and is the biggest of its kind, giving an insight into trading fees development. According to Cryptowisser’s previous installment from Q3 2020, fees were set to generally decrease on trend with the impressive 17% decrease over the last 3 years. However, with the recent surge in Cryptocurrency, it seems some exchanges have […]

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Solana announces DeFi hackathon offering $200k in seed funding

Solana will host a DeFi hackathon offering a $200,000 prize pool and $200,000 in seed funding to aspiring developers. Solana has announced an upcoming DeFi hackathon offering $200,000 in seed funding from the Solana Foundation. The hackathon, which is scheduled to take place from Feb. 15 through March 1st, will be hosted in partnership with Sam Bankman-Fried of FTX’s Project Serum. Bankman-Fried will also offer mentorship to hackathon participants alongside Solana CEO Anatoly Takovenko. Bankman-Fried stated: “A lot of an ecosystem’s success depends on how much the […]

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Serbian National Arrested and Extradited to the US for His Role in a $70M Crypto Mining Case

A Serbian national has been extradited to the United States to face charges of defrauding investors out of more than $70 million through a cryptocurrency mining and binary options scam. Antonije Stojilkovic, 32, and six accomplices, who were all arrested between July and October 2020, faces up to 20 years in federal prison if convicted. Bogus Profiles According to a statement from the U.S. Department of Justice (DOJ), Stojilkovic was nabbed in his home country after the country submitted a “provisional arrest request on July 24, 2020. […]

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Binance Labs backs Polkadot ecosystem with $2.4m investment in Plasm Network

Binance has mobilized nearly one-quarter of its Polkadot ecosystem fund to lead Plasm Network’s Series A funding round. Binance Labs has led a $2.4 million Series A funding round for Polkadot-based smart contract platform, Plasm Network. Plasm Network’s funding round is the first investment made using Binance Labs’ $10 million fund to support projects in the Polkadot ecosystem. Plasm is a leading parachain candidate on Polkadot supporting Ethereum and Layer-2 scaling solutions. Binance Labs is the venture capital and incubator arm of crypto exchange giant Binance. In […]

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Bitcoin’s Twitter-volume spikes to new all-time highs on Elon pump

Elon Musk has pushed Bitcoin’s social sentiment into new highs on Twitter. Social media activity for Bitcoin is at an all-time high following a massive endorsement from Tesla CEO, Elon Musk. Speaking to Cointelegraph, co-founder and CEO of crypto data provider The TIE, Joshua Frank, noted there have been 143,000 tweets over the last 24 hours from “non-bot accounts.” The new record beats out the previous high of 140,000 from Jan. 3, 2021. Historic BTC tweet volume: The Tie On Feb. 8, news that electric vehicle maker […]

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Etoro’s Gooddollar Basic Income Initiative Aims to Fund 1 Million New Users With New Referral Program

An incentive of 100G$ will be given to registered users for new referrals, and 50G$ to new users as a ‘welcome bonus.’ Etoro, one of the world’s leading social trading platforms, has announced that it’s funding rewards for the next one million users of its Gooddollar project, following the launch of a brand new referral program. Stablecoin G$ Aims to Become Digital Universal Basic Income Gooddollar is a digital coin and wallet founded in September 2020 by Yoni Assia, the cofounder, and CEO of Etoro. It provides […]

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ETH represented 80% of last week’s institutional crypto inflows

Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows. Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on Feb. 8. […]

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Bitcoin volatility almost returned to ‘Black Thursday’ levels in January

A report from Kraken has identified last month’s BTC volatility at levels not seen since the ‘Black Thursday’ crash of early 2020. With Bitcoin rallying from $30,000 to $42,000 and back again during January, BTC’s annualized volatility rose to levels last seen in April 2020, according to a new report from U.S. crypto exchange Kraken. January was a roller-coaster ride for Bitcoin, with BTC rallying 46% to a new high of $41,989 before retracing 32% to below $29,000. This resulted in the annualized volatility spiking to over […]

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Estonia’s Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms

The new administration in Estonia is still planning to pursue an agenda to tighten rules for companies dealing with cryptocurrencies. The Ministry of Finance is looking to strengthen anti-laundering measures within the context of a major money-laundering scandal that involved Danske Bank. Estonia Revoked Over 1,000 Crypto Firms’ Licenses in 2020 Per a report by ERR News, the Ministry of Finance is not aiming to ride-off from the past administration’s agenda regarding the regulation of crypto assets, such as bitcoin (BTC). The current draft legislation is inherited […]

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