Bank of America report says crypto, DeFi are “only in the first inning”The global crypto market cap is $2.3 trillion with a 24-hour volume of $135.02 billion. The price of Bitcoin is $53,916.88 and the BTC dominance is at 44.3%.
by Samuel Wan This week, Bank of America (BoA) published a favorable crypto report detailing its analysis of the sector. It states that cryptocurrency has become too large to ignore, adding that, despite the phenomenal growth seen to date, the industry is still “only in the first inning.”
More news ⏬Crypto exchange Binance sets up three Irish entities after global regulatory tussleWith the regulatory clampdown against crypto trading still in full effect in China, Binance, the biggest crypto exchange in the world by trading volume, has moved to cement its operations in another country, Ireland. Analyst calls 100 days of Bitcoin greed as ‘cooling period’ comes to an endRenowned Bitcoin (BTC) investor and market analyst, Tuur Demeester, recently reminded his army of more than 200,000 Twitter followers about a certain market sentiment indicator. Polygon (MATIC) to raise gas fee to 30 gwei to prevent spam transactionsPolygon network would be raising its network fees from one Gwei to 30 Gwei in an attempt to curb spam transactions on its ecosystem. Tiny island of Tonga weighs making Bitcoin (BTC) legal tenderLike many crypto enthusiasts predicted that several countries would be following in the footsteps of El Salvador in adopting Bitcoin as a legal tender, there are indications that Tonga could be the next, as one of the country’s politicians is busy drafting a bill in that direction. NFT fever returns as sales surge to $10.7 billion on Ethereum, Solana, and other blockchainsSales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, according to DappRadar’s latest blockchain industry report. Polkastarter announces 2.0, brings staking, IDO farming, easy allocations, and multichain supportPolkastarter’s V2 update went live earlier this week on October 4, bringing with it a host of new changes and enhancements to benefit the broader Polkadot community. Chainlink (LINK) tech is bringing South America its first stablecoinFinTech firm Spartan Hill has announced it is integrating Chainlink Price Feeds to help power a new decentralized Colombian Peso stablecoin called Daily (DLY), CryptoSlate learned in a release. SEC’s Gensler feels the heat as Congressman Emmer lays the smackdown on cryptoU.S Representative Tom Emmer of Minnesota grilled SEC Chair Gary Gensler during a recent meeting. US Federal Reserve would soon release ‘detailed plans’ for a digital dollarIn a new move that is set to change the dynamics of the financial industry in the United States, the country’s Federal Reserve is set to release detailed plans that will guide the process of reviewing the risks and benefits attached to issuing a central bank digital currency (CBDC), a report on Wall Street Journal […] Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
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quinta-feira, 7 de outubro de 2021
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Bank of America report says crypto, DeFi are “only in the first inning”