The rise of bitcoin and Ethereum helped DeFi protocol tokens overcome bearish pressure and start recovering.
The ETH rate jumped sharply after the Ethereum Foundation announced the official launch date for Ethereum 2.0 phase zero. ETH surpassed $400 for the first time since early September.
Fueled by the uncertainty surrounding the US presidential election outcome, the cryptocurrency market is once again testing multi-month highs. Bitcoin is trading above $14,000.
Cryptocurrency derivatives surpassed the spot market by trading volume, and this trend will continue in the future, analysts at the Kraken crypto exchange believe. It was triggered by the bitcoin futures launch on CME and crypto winter.
Hackers published an offer on the darknet claiming they sell access to thousands of e-mails many of them related to accounts at Robinhood. Previously, Robinhood customers repeatedly complained about hacking of their accounts, but the company preferred not to respond to these complaints in the public field.
The bitcoin rate on some cryptocurrency exchanges has almost reached $14,000. The cryptocurrency did not trade at this level since the beginning of 2018.
The number of issued cryptocurrencies and digital tokens has exceeded 7 thousand. In this ocean of cryptoprojects it is difficult for investors to recognize promising services at an early stage of development, but at the same time investments at this stage maximize the profits.
Despite the bullish trend of bitcoin, DeFi protocols continue their correction path. In recent days, the amount of funds frozen in DeFi protocols decreased by $1 billion.
ETH holders may prefer to place assets in DeFi protocol pools and participate in profitable farming than using their coins for staking when the Ethereum blockchain switches to a new algorithm.
Trade volume on Uniswap reached a record of $2.12 billion, coinciding with the hack of Harvest Finance DeFi protocol that resulted in the theft of $24 million in digital assets.
In Russia, cryptocurrency is more popular investment than gold, a new survey shows. However, both of them can't compete with bank deposits and real estate.
PayPal will launch services for buying, selling and storing cryptocurrencies in 2021. Users will be able to make transactions with Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
The world regulators will always try to restrict user privacy, but their efforts are futile, as cryptographers are one step ahead of regulators and create more advanced cryptographic tools, one of Monero founders believes.
The US Financial Crimes Agency imposed a $60 million fine on the founder and administrator of Helix and Coin Ninja, a bitcoin mixer operator, for violating bank secrecy laws.
The US authorities accused six Russians of hacker attacks commissioned by the Russian authorities. They used bitcoins to pay for servers and domain names.
The acronym DeFi means decentralized finance, and recently they have been increasingly flickering in the headlines.