Whales Buy CRV as Convex Finance Dominates Curve Governance
• Convex Finance dominated Curve Finance’s governance, with 45% of the overall voting power. • Curve Finance lost its share of DEX volume to other DeFi protocols, but still managed to increase its treasury holdings. • Whales showed interest in CRV token despite decreasing trading volumes and velocity. Convex Finance Dominates Curve Governance According to…
Iceland Becomes World’s Largest Hash Rate Producer Per Capita
• Iceland has become the world’s largest hash rate producer per capita. • Environmental concerns are making Iceland’s government turn BTC miners away. • The country is powered by renewable energy, with National Iceland electrical company Landsvirkjun reducing the amount of power it will provide to certain industries, such as Bitcoin mining. Iceland Becomes World’s…
Banks Limit Interaction with Crypto Firms, Regulators Not Friendly
• Banks in the traditional finance sector are exercising caution before interacting with companies operating in the crypto space. • Recent statements from banking regulators have pointed towards a not-so-friendly stance towards crypto firms. • The Federal Reserve Board issued a statement last month which informed insured and uninsured banks that they would be subject…
Cardano [ADA] Whale Transactions Surge, Boosting Prices and TVL
• Whale transactions on Cardano network surge, boosting ADA and leading to price surges. • Growing Cardano ecosystem drives TVL growth and increased fees. • Large transactions may lead to manipulation of prices, but the growing number of active developers bodes well for the future of Cardano. Whale Transactions Boosting ADA The number of transactions…
Explorer Upgrade for Avalanche (P-Chain) Data Adds New Features and Capabilities
• Avax launched a new explorer for its P-chain, adding new features and capabilities. • The Avalanche Explorer is getting a brand new upgrade for all Avalanche (P-Chain) data, allowing for deeper visibility into all P-Chain activity. • According to the weekly stats, the C-Chain’s translations exceeded 11.8 million on 30 January, which was an…
Argo Blockchain Skyrockets 400% After Reclaiming Nasdaq Listing Compliance
• Argo Blockchain, a U.K.-based Bitcoin mining company, has seen its shares surge 400% since December 16 after gaining listing compliance with Nasdaq. • The miner was on the verge of bankruptcy in December due to rising energy costs and the crypto winter, but was saved by a $65 million sale of its Helios mining…
Ethereum’s Annualized Inflation Rate Drops to Record Low of 0.00002%
• Ethereum (ETH) has returned to a deflationary state, with its annualized inflation rate dropping to 0.00002%. • The value of transaction settlements on the Ethereum network is significantly higher than that on the Bitcoin network. • The global cryptocurrency market capitalization has risen by 21% in the past 16 days. Ethereum (ETH) has returned…
Solana (SOL) Breaks $17K Mark as On-Chain Metrics Improve
• Solana (SOL) has seen a steady increase in value over the past 10 days, climbing past the $17k mark. • On-chain metrics have improved, with active wallet count and development activity both increasing. • The shift from bearish to bullish in the lower timeframe structure and rising On-Balance Volume (OBV) indicate genuine demand for…
Solana to Boost NFT Trade Volumes with Royalty Enforcement Upgrade
• Metaplex announced a new upgrade for Solana NFTs that will enable creators to enforce royalties. • This move may make Solana more appealing to NFT creators in 2023, which could lead to an increase in NFT trade volumes. • Solana’s NFT trade volumes have been affected by the bearish market conditions, with a slight…
Wild Ride Ahead: Bitcoin and Cryptocurrency Volatility in 2022
• Bitcoin’s performance in 2022 demonstrated a huge scope of unpredictability, with a 75.92% drawdown from its all-time high. • The US Federal Reserve’s quantitative tightening occurred at the same time as the start of the Bitcoin bear market, highlighting a pattern of inflation. • Numerous factors and events in the last three years have…