📮02-03-2020
📈MarketCap: $246 B
📊24h Mcap %: -1.42%
⚠️Bitcoin Dom: 63.6%
📌Active Coins: 2,372
📍24h Vol %: -3.09%
💲24h Vol: $92 B
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1. Ethereum decentralized exchange monthly volumes hit all-time-high
Decentralized exchanges (DEX) on Ethereum just recorded their highest monthly trading volume, according to data from Ethereum analytics site Dune Analytics. In February 2020, DEXs logged over $372M in trading volume, a 62% increase from the month prior. February's volume overtook the previous all-time-high volume of $358M in July 2019. In 2019, over $2.3 billion in trading volume were recorded on Ethereum-based decentralized exchanges. Read Full on The Block.
2. Top 5 Cryptos This Week (March 1): LEO, HT, LINK, HEDG, Bitcoin (BTC)
Bitcoin and cryptocurrency markets are witnessing profit booking at higher levels and buying on sharp falls, pointing to consolidation over the next few days. UNUS SED LEO (LEO) was the best performer of the past seven days with a marginal gain of over 1%. Huobi Token (HT) was the second-best performer of the past seven days. It has just about managed to stay in the green. Chainlink (LINK) turned out to be the third-best performer, followed by HEDG/USD and BTC/USD. Read Full on Cointelegraph.
3. Bitfinex Bearwhale Makes $15 Million After Predicting Bitcoin Crash Weeks Ahead
Joe the whale has made two astonishing trades in the last three months that have correctly predicted bitcoin’s price movement when the trend was in a different direction. A few weeks later when his big red turned into considerable green with some pointing out the price did not move when he opened his massive 20,000 bitcoins long weeks prior to the price moving in his direction. Now he is $15 million in green after shorting at around $10,000 a few weeks ago. Read Full on Trustnodes.
4. Kraken Donates 17.5 Bitcoin to Collaborative Hackerspace Noisebridge
U.S. based cryptocurrency exchange Kraken donated 17.5 Bitcoin – equivalent to about $156,000 at the time – to San Francisco’s anarchist hackerspace Noisebridge to keep the space running. The ammount had been deposited into Noisebridge’s cryptocurrency wallet. The exchange sent the Bitcoin as a donation in response to a tweet that Backus had put out the day before asking for funds to help keep Noisebridge running. Read Full on Cointelegraph.
5. UK Startup Puts Haitian Farmers and Their Crops On the Blockchain
A UK tech company recently announced a blockchain ecosystem for farmers in Haiti, bringing clarity to the supply chain while bolstering sales. Agriledger, a blockchain outfit based in the UK, was responsible for building this new ecosystem. Their goal was ensuring that farmers receive adequate pay for their crops. Agriledger’s blockchain-based solution assigns farmers enrolled in the system with a digital ID number. With this ID, farmers become part of the digital supply chain. Read Full on Cointelegraph.
6. Ripple Says Stablecoins Could be Created on XRP Ledger
Blockchain-based financial services network RippleNet provides a safe, convenient, and easy-to-use wallet for holders of the cryptocurrency XRP, and the features to their system’s ledger may be expanding. Soon they may be able to take advantage of a feature on the network which would allow them to mint asset-backed tokens like stablecoins on the XRP ledger. Chief Technology Officer (CTO) David Schwartz also added “Proof-of-Work is kind of a technological dead-end.” Read Full on Cointelegraph.
7. Binance Integrates with a Bank for the First Time Ever
Binance Crypto Exhange for the first time, is collaborating with one of the leading Turkish bank which will be merging its services with the exchange which will allow for easy deposits and withdrawals of Turkish Lira. As per the announcement, the exchange unveiled it would be integrating with Akbank one of the leading banks in Turkey. Akbank currently has around 341.6 billion in turkish lira assets under its wing and has been consistently ranked the “The Most Valuable Banking Brand in Turkey.” Read Full on BeInCrypto.
8. Bitcoin Hash Rate Hits New All-Time High
The hash rate of the most valuable cryptocurrency has reached another all-time high of up to 136 quintillion hashes per second, making the Bitcoin network stronger. New data from blockchain.com has come in, saying that on March 1 the Bitcoin hash rate reached value of 136,264,980 TH/s. The previous all-time high, on February 1, was 119 EH/s. Hash rate refers to the combined computing power that miners are dedicating to validating transactions on the Bitcoin blockchain. So far it looks like more mining rigs are joining the network. Read Full on blockchain.
9. Lloyd's Of London To Insure Against Cryptocurrency Theft
Insurance giant Lloyd’s of London will provide a new type of liability insurance policy to protect crypto in hot wallets. Lloyd’s new offering was developed by Lloyd’s syndicate Atrium together with crypto will-focused firm Coincover, with limits from as little as $1,275. It is a new type of liability insurance policy with a dynamic limit that increases or decreases in line with the price changes of crypto assets, the insured will always be indemnified for the underlying value of their managed asset. Read Full on Cointelegraph.
