Crypto World Analysis

2022-02-09 10:16:23 If you want short crypto top news, then follow @Crypto_ShortNews now.

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2022-02-09 09:44:02 Stablecoins total market cap just surpassed $150 billion ⁠— Tether’s USDT is still the largest, but Center’s USDC is catching up

As reported in a blog post by researchers Kyle Waters and Nate Maddrey at Coin Metrics, analyzing recent on-chain trends in stablecoin activity, the total market cap of all stablecoin taken together surpassed the $150 billion mark on Monday.

In 2021, total stablecoin transfer volume didn't cross $500 billion until mid February, and in 2020, it took stablecoins until October before passing $500 billion in total value settlements.

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2022-02-08 13:31:39 Crypto World Analysis pinned a photo Open / Comment

2022-02-08 13:31:37 If you want short crypto top news, then follow @Crypto_ShortNews now.

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2022-02-08 10:43:02 Axie Infinity token AXS gains 40%

"This will supercharge the competitive Axie scene and create more demand for quality Axie teams in the ecosystem," Axie Infinity explained, adding that their move would create a $6 million worth of prize pool for Season 20.Economic revamp boosts AXS demand.

As a result, Axie Infinity removed avenues that were generating more SLPs. The team noted that the daily quest, in principle, encouraged people to play every day but also added a 45 million SLP supply burden onto the Axie Infinity economy.

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2022-02-07 11:13:02 Bitcoin Is Back Over $41,000 as Cryptos Regain Strength

Bitcoin has rebounded more than 3% over the last 24 hours, pushing to just below $41,700, as the crypto market appeared to regain momentum. The gains appear to have benefited at least one trader: Sen. Ted Cruz (R-Texas).

Bitcoin had fallen to around $33,300 on Jan. 24, slumping from $43,000 just four days earlier. It now appears to have crossed a key resistance level around $40,000, and it has pulled up the broader crypto market with Ether crossing $3,000.

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2022-02-06 12:00:48 Bitcoin Fundraiser For Canadian Truckers Launches Following GoFundMe Suspension

The network's native asset bitcoin can be sent peer-to-peer between any sender and receiver with a bitcoin address.

All the bitcoin being raised will be custodied in a wallet with multiple signatures required to spend the bitcoin. Canada has a wide range of bitcoin services businesses that allow users to purchase everyday goods and services with bitcoin.

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2022-02-05 14:57:13 ​​ Timepiece Ape Society just took over Times Square

Featured on the largest billboard in New York City, it is a project that’s here to stay

Designed by artists from Universal and Complex, Timepiece Ape Society is the first luxury watch NFT project to have real utility through its DAO and staking utility

Holders will be paid a monthly reward and will be entered into monthly giveaways for watches like Rolexes and Audemar Piguets

To celebrate their launch, they will be giving away 10 whitelist spots and 1 free NFT to users who join their Discord server between 2/5 and 2/7

To participate follow these steps:
Join their Discord
Follow their Twitter
Retweet their pinned tweet

10 Lucky participants will receive their free whitelist spot by February 7.
1 Lucky participant will receive their free NFT by February 7

Discord
Twitter
Website

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2022-02-05 12:17:02 Cardano-based DeFi protocol attracts 100 million native tokens staked in 3 days

A new decentralized finance protocol dubbed Meld that launched on the Cardano blockchain has managed to get 100 million of its native token MELD staked in just three days.

Through Meld's model, users will deposit cryptocurrency that is to be locked in the account before borrowing loans based on the locked collateral with backing from Cardano.

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2022-02-04 09:55:03 Chinese police arrest eight over 'rug pull' crypto scam

Chinese police have arrested eight people and froze nearly 6 million yuan ($946,000) worth of virtual assets involved in a crypto scam -- the latest move in Beijing's crackdown on cryptocurrencies.

The public security bureau of Chizhou city in the eastern province of Anhui said on WeChat that the fraud involved digital assets worth 50 million yuan. Hundreds of investors lost money in the scheme that allowed the alleged criminals to transfer the liquidity to an "anonymous pool" and launder it without the consent of investors.

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