Ethereum Gas Fees Sideline DeFi Investors and Whales Are Profiting from It

Since early 2020, the decentralized financing industry has gained enormous attention and adoption from investors. The decentralized finance (DeFi) industry has brought in a lot of cutting-edge innovation and high yielding opportunities. These opportunities provided by the DeFi industry are very lucrative and profitable for cryptocurrency holders. However, with the amount of adoption and growth…

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Estonia Ministry of Finance Launches New Strict Regulations For Crypto Firms

The cryptocurrency community as a whole expects that they had passed the stone age. The stone age referred to the early development of the growing industry when it tried to gain acceptance and bypass several stringent regulations in several European countries and particularly Asian countries. However, those times have seemed to be behind the booming…

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Manta Generates $1.1 Million Through Its Latest Fundraising Round

Manta has generated a massive amount of cash in its latest fundraising round. According to the company’s announcement on Tuesday, $1.1 million was received from participating customers and investors. The PolyChain Capital and Hypersphere were the top donators. Other companies who mainly participated in the fundraising process include Three Arrows Capital, Defiance Capital,Multicoin Capital, Alameda…

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Grayscale Marks Record-Breaking Quarter With More Than $1B Inflows

Grayscale Investments, the leading digital assets management firm has reported its record-breaking quarter of the year 2020 in which it has seen a massive inflow of cryptocurrency investments. The crypto assets manager has published recently its quarterly report according to which the third quarter of 2020 had been the best-ever quarter for Grayscale. Over $1…

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New Data Shows There Are Now 31.94M Addresses with a Balance in BTC While 89% Are in Profit

The blockchain analytics company intotheblock has shared new on-chain data which states that the Bitcoin blockchain network now has 31.94 million wallet addresses with a BTC balance.  The company also revealed that a vast majority of these Bitcoin addresses are currently in profit. The number of BTC wallet addresses on the bitcoin blockchain network has…

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BTC Miners to Exchange Flow Increases by Approximately 216 Percent in the last 24 Hours

As the price value of the top cryptocurrency Bitcoin (BTC) has surged during the last 24 hours, the BTC miners to exchange flow have also skyrocketed. According to the recent data provided by the blockchain analytics firm Glassnode, the Bitcoin (BTC) miners to exchange flow has increased significantly by approximately 216 percent within the duration…

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97% of FCA Survey Opposed its Cryptocurrency Derivatives Ban

The United Kingdom’s financial watchdog the Financial Conduct Authority (FCA) conducted a survey one year before it imposed a ban on the sale of cryptocurrency derivatives for retail customers in the United Kingdom. 97 percent of the Survey’s total respondents opposed this decision of banning digital currency derivatives sales. This idea was proposed by the…

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Binance Has Launched the BUIDL Reward Program for Binance Smart Chain

BUIDL Reward Program The Malta-based cryptocurrency exchange Binance which is the largest digital currency exchange in the world in terms of trading volume has introduced a new reward program known as the BUIDL Reward Program for its smart chain. This move has been taken by the Binance exchange to further promote the dApp ecosystem’s development…

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Uniswap’s Monthly Trade Volume Surpassed That of Coinbase In September

The prominent decentralized exchange protocol Uniswap has surpassed the major digital currency exchange Coinbase in terms of the monthly trading volume. According to the new data presented by Dune Analytics, the monthly trading volume of Uniswap exceeded the $15 billion figure in the month of September. Dune Analytics data says that the San Francisco-based leading…

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Guavapay Joins Global Payments Network RippleNet Via Partnership with Ripple

Guavapay, the payment processing company based in the United Kingdom has announced recently that it has joined RippleNet the global payments network of the blockchain payment technology giant Ripple as a part of a partnership agreement made between these two companies.  The company has joined RippleNet in an attempt to widen its international coverage. Guavapay…

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New Survey: More Than 70% Of Participants Used Crypto For Buying Food and Clothes

Though there are some users who are continuously holding their digital assets into their accounts, not all of them are storing their cryptocurrencies into their wallets and exchanges’ accounts. A new survey has revealed an interesting fact saying that more than 70 percent of the participants have been using their digital currencies for purchasing foods…

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