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ByAuthor J.D. SmithPosted on
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THE TRUTH BEHIND F2POOL’S BITCOIN DUMPING!!!

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Today’s Crypto News: Bitcoin [btc] Pump | F2pool Dump

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Polygon-based QuickSwap’s TVL grows by $75M in two weeks

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Polygon-based DEX QuickSwap has attracted more than $105 million in worth of liquidity since the start of 2021.

The Uniswap clone began the year with only $300,000 worth of assets locked in its protocol, with more than three quarters of the exchange’s total value locked being added in the past fortnight.

QuickSwap is currently the leading second-layer decentralized exchange by daily volume with $38.5 million worth of trades over the past 24 hours. The second-largest L2 DEX by volume is Loopring with $8.4 million, followed by ZKSwap with $2.5 million.

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Compound to offer cross-chain borrowing via Gateway

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Decentralized finance lending protocol Compound has unveiled a new blockchain that will enable cross-chain collateral.

It is the latest move to mitigate expensive operations on the Ethereum network and enable more interoperability in the DeFi ecosystem.

The new Gateway chain, announced on Mar. 2, has been described as a cross-chain interest rate market that allows users to borrow assets that are native to one chain, such as Ethereum, with collateral from another chain, such as Polkadot or Celo. Compound Finance originally announced the platform in December 2020 when it was called ‘Compound Chain’.

Compound aims to alleviate current fragmentation in the DeFi industry across different blockchains with Gateway and has chosen the next-generation blockchain architecture, Substrate, to do so.

Substrate, which also powers the Polkadot network, is a modular framework that enables developers to create purpose-built high-throughput blockchains. Compound founder Robert Leshner explained the choice of blplatform in the…

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ByAuthor J.D. SmithPosted on
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0

1 in 5 investors at firms that don’t trade in crypto say they are ‘likely’ to in future

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A survey carried out by JPMorgan found that one in five institutional investors at firms that don’t currently trade in cryptocurrency believe their companies are likely to do so in future.

The survey of more than 3,400 investors representing 1,500 institutions, found that 11% of respondents work at firms that trade or invest in crypto, while 89% do not.

Promisingly however, twice as many institutions appear likely to invest into crypto ashan those who have already taken the plunge, signalling institutional money may continue to flow into the markets over the near-term.

Out of respondents from firms that do not trade or invest in crypto, 22% sa stated they believe their companies are likely to invest in digital currencies in the future.

While some analysts argue that sustained institutional buying will now keep the price of Bitcoin up $50,000 — a significant number of institutional investors survestill lack faith in cryptocurrency.

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100-artist NFT collaboration sells out in minutes, increases 7X in price in 24 hours

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An NFT made up of 100 individual pieces from 100 different artists has sold out within minutes on the Rarible platform, raising almost $89,000.

Although the sale amount is far from record-breaking, the project is noteworthy in that it is a mass collaboration th has taken shape through an individual non-fungible token, or NFT. 

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“The main idea behind it was that I chose a lot of artists and they had a huge barrier [minting fees] — this allows them to pursue creating NFTs.”

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Bull flag breakout sets a $55,000 target for Bitcoin price

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Bitcoin (BTC) price sliced through the $50,000 resistance level during the early trading hours on March 3 as bulls found their momentum and the majority of altcoins joined in on the rally as the day progressed. 

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An original artwork by anonymous British street artist Banksy has been burned and turned into a non-fungible token. The NFT will be auctioned next week on the blockchain-based Rarible platform, where users can create and purchase rare tokenized artworks.

The original Banksy in question is a satirical piece entitled “Morons” which depicts buyers at an art auction bidding on a piece emblazoned with the words “I can’t believe you morons actually buy this shit.” The piece received certification from Pest Control — the only body authorized to authenticate original Banksy artworks.

“Morons” was sold at Christie’s auction house in London in late 2019, where it fetched $32,500 from an anonymous, independent buyer.

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