2022-02-08 12:06:34
Daily Dose of Crypto
• Bitcoin dominance: 42.01% (+-0.05%)
• Cryptocurrency market cap: 1.977 Trillion Dollars (+3.3%)
• BTC average transaction fee: $2.407 ( +23.56%)
• ETH average gas Price: 119.52 Gwei (+55.71%)
• Aave's long-in-the-making protocol for a decentralized social media ecosystem was unveiled on Monday.
• The Recording Industry Association of America (RIAA) sent a demand letter to the attorneys of the music platform HitPiece insisting the platform cease and desist from selling non-fungible tokens sales.
• Valkyrie's bitcoin mining exchange-traded fund is slated to list on Nasdaq at tomorrow's opening bell, according to a spokesperson for the issuer.
• Professional services firm KPMG in Canada is allocating bitcoin and ether to its corporate treasury, according to a Monday announcement.
• Polygon has raised $450 million in a private token sale. The Ethereum scaling project plans to grow its ecosystem and onboard the next billion users in crypto.
• Kazakh authorities are looking into increasing the tax on electricity for cryptocurrency miners from one tenge to five tenge.
• Mitsubishi UFJ Trust and Banking, the trust banking arm of Japan’s largest financial institution, has announced plans to launch a yen-pegged stablecoin in 2023.
• A group of cryptocurrency companies, including stablecoin provider Circle, Anchorage Digital, and crypto exchange Huobi Global has launched a coalition to crack down on crypto market manipulation
• Decentralized leverage trading platform FODL giving away around $1 million worth of Bored Ape Kennel Club (BAKC) and Bored Ape Yacht Club (BAYC) NFTs.
• The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.
• Cryptocurrency exchange FTX.US will be giving away free Bitcoin as part of its upcoming advertising campaign at the Feb. 13 Super Bowl LVI.
7.9K views09:06
C
